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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright 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)
$1,825,148
AUM
$665,980,009
Associated Index
Dorsey Wright SmallCap Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Cabaletta Bio Inc
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NOG
Northern Oil and Gas Inc.
1.59%
CVNA
Carvana Co. - Ordinary Shares - Class A
1.50%
DRS
Leonardo DRS Inc.
1.47%
DXLG
Destination XL Group Inc
1.42%
CWST
Casella Waste Systems, Inc. - Ordinary Shares - Class A
1.41%
SMCI
Super Micro Computer Inc
1.39%
ACLS
Axcelis Technologies Inc
1.37%
TRNS
Transcat Inc
1.34%
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 FYC, IWO, VTWG

DWAS
Invesco Capital Management LLC - Invesco Dorsey Wright SmallCap Momentum ETF
FYC
First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX Fund
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap 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

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

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 -0.0351%. This is the percent change in the value of DWAS over the most recent 1-month period. The 3-month return on DWAS is -0.0165%. 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 0.2293%. 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, DSI, and QUAL.

ETFs correlated to DWAS include FYC, IWO, and VTWG.

ETFs that are inversely correlated to DWAS include SRTY, TZA, 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.