DWAQ

Invesco DWA NASDAQ Momentum ETF
C

39
*Unless otherwise stated, data provided by FactSet.

DWAQ Fund Description

DWAQ tracks an index of Nasdaq-listed securities selected and weighted by price momentum.

DWAQ Factset Analytics Insight

DWAQ changed its tune in February 2014 but continues to provide an alternate take on all-cap US equity. The old version of the fund confined itself to Nasdaq-listed stocks and applied a multi-factor selection method that produced a vastly different portfolio than our neutral benchmark. The new incarnation still pulls from the Nasdaq but follows a Dorsey-Wright relative strength index that selects and weights stocks by price momentum. Since the change, its performance has differed radically from our cap-weighted sector benchmark. The fund fared very poorly in 2014, and is likely to diverge wildly from the market (for good or for ill) going forward. While the fund’s approach has changed completely, one constant is high cost. DWAQ still charges a high 61 bps and trades thinly.

DWAQ MSCI ESG Analytics Insight

Invesco DWA NASDAQ Momentum ETF has an MSCI ESG Fund Rating of BB based on a score of 3.55 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco DWA NASDAQ Momentum ETF ranks in the 14th percentile within its peer group and in the 24th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

DWAQ MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

DWAQ Charts And Performance

Price Chart ($)
Total Return Chart (%)
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  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DWAQ -6.67% -1.79% 27.78% -3.83% 14.20% 10.20% 11.50%
DWAQ (NAV) -5.52% -1.77% 27.31% -3.97% 14.32% 10.10% 11.73%
Dorsey Wright NASDAQ Technical Leaders Index -5.47% -1.63% 27.80% -3.39% 15.04% 10.81% 11.73%
MSCI USA IMI 2.90% 4.33% 21.35% 4.68% 14.00% 10.29% 13.44%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DWAQ Summary Data

Invesco
05/01/03
Open-Ended Fund
0.60%
$44.98M
$326.78K
0.27%

DWAQ Portfolio Data

$36.75B
211.47
9.17
0.11%
09/23/19
101

DWAQ Index Data

Momentum
Momentum
MSCI USA IMI

DWAQ Portfolio Management

0.60%
-0.64%
-0.52%
-0.80%

DWAQ Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

DWAQ Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DWAQ Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DWAQ. DWAQ is rated a 5 out of 5.

DWAQ Tradability

2,710
$326.78K
1,529
$183.49K
0.27%
$0.31
-0.08%
2.84% / -4.13%
None
100.00%
50,000
0.03
0.01%
0.25%
0
$112.85
5

DWAQ Sector/Industry Breakdown


DWAQ
Segment Benchmark
33.43%
26.09%
30.61%
13.44%
11.13%
13.46%
9.66%
17.07%
9.06%
10.53%
3.14%
4.58%
2.36%
6.72%
0.61%
1.92%

DWAQ Top 10 Holdings[View All]

2.70%
24.5%

DWAQ Countries


DWAQ
Segment Benchmark
100.00%
99.92%
--
0.08%

DWAQ Regions


DWAQ
Segment Benchmark
100.00%
100.00%

DWAQ Economic Development


DWAQ
Segment Benchmark
100.00%
100.00%

DWAQ Performance Statistics

0.77
1.44
1.55
1.33
1.03%
MSCI USA IMI

DWAQ MSCI ESG Ratings

BB
3.55 / 10
23.93
14.30
7.36%
7.39%
60.57

DWAQ Benchmark Comparison Holdings

101
2426
96
7.14%

DWAQ Benchmark Comparison Summary


DWAQ
Segment Benchmark
101
2426
$36.75B
$205.15B
211.47
24.01
9.17
3.16
0.14%
1.84%
Low
Low

DWAQ Benchmark Comparison Market Cap Size


DWAQ
Segment Benchmark
27.13%
82.24%
43.05%
13.33%
29.37%
4.00%
0.45%
0.39%