Skip to Content

Invesco Exchange-Traded Fund Trust II Invesco DWA SmallCap Momentum ETF

DWAS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 19 2012
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$8,113,115
AUM
$475,617,310
Associated Index
Dorsey Wright SmallCap Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

AMR
Alpha Metallurgical Resources Inc
1.52%
DXLG
Destination XL Group Inc
1.42%
VRTV
Veritiv Corp
1.39%
CWST
Casella Waste Systems, Inc. - Ordinary Shares - Class A
1.39%
TRNS
Transcat Inc
1.26%
CEIX
Consol Energy Inc
1.16%
ACLS
Axcelis Technologies Inc
1.15%
HNRG
Hallador Energy Co
1.11%
SD
Sandridge Energy Inc - Ordinary Shares New
1.07%
NOG
Northern Oil and Gas Inc.
1.06%
Invest with DWAS

What is DWAS?

The Invesco DWA SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (DWA SmallCap Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company s market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toDWAS

ETFs correlated to DWAS include VFMO, AVUV, SMLF

DWAS
Invesco Capital Management LLC - Invesco DWA SmallCap Momentum ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
SMLF
BlackRock Institutional Trust Company N.A. - iShares U.S. Small-Cap Equity Factor ETF
PDP
Invesco Capital Management LLC - Invesco DWA Momentum ETF
AVSC
American Century ETF Trust - Avantis U.S Small Cap Equity ETF
XSMO
Invesco Capital Management LLC - Invesco S&P SmallCap Momentum ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
DFSV
Dimensional ETF Trust - Dimensional US Small Cap Value ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDWAS

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

#D

Phalanx Formation: Downturn Defense

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with DWAS using Composer

FAQ

DWAS is a US Equities ETF. The Invesco DWA SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (DWA SmallCap Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company s market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index. The Fund and the Index are rebalanced and reconstituted quarterly.

DWAS tracks the Dorsey Wright SmallCap Technical Leaders Index.

No, DWAS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DWAS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DWAS is -0.0751%. This is the percent change in the value of DWAS over the most recent 1-month period. The 3-month return on DWAS is -0.0338%. This is the percent change in the value of DWAS over the most recent 3-month period.

The standard deviation of DWAS for the past year is 0.2938%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DWAS include SPHQ, QUAL, and SUSA.

ETFs correlated to DWAS include VFMO, AVUV, and SMLF.

ETFs that are inversely correlated to DWAS include RWM, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.