DWAS
Invesco DWA SmallCap Momentum ETFDWAS Fund Description
DWAS tracks an index of 200 small-cap securities with the best relative strength indicators; these indicators are determined by Dorsey Wright's proprietary methodology.
DWAS Factset Analytics Insight
DWAS offers a technical take on US small-caps, differentiating it from the large field of competing ETFs. The fund aims to outperform standard market cap-weighted ETFs using relative price trends as interpreted by Dorsey Wright, rather than market value or fundamental attributes. DWAS selects just 200 stocks for its portfolio each quarter, which makes it far more concentrated than rivals like IWM, which holds nearly 2,000 small-caps. The resulting portfolio can vary greatly from vanilla ETFs in both holdings and performance, and tilts toward small- and micro-caps compared to our benchmark. The fund trades in modest quantities daily, with sizeable spreads, though large investors executing block trades should have an easier time. DWAS is an expensive fund to hold, with high fees for its segment, though close tracking keeps holding costs in line with that fee.
DWAS MSCI ESG Analytics Insight
Invesco DWA SmallCap Momentum ETF has an MSCI ESG Fund Rating of BB based on a score of 3.39 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 SmallCap Momentum ETF ranks in the 12nd percentile within its peer group and in the 17th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DWAS 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.
DWAS CHARTS AND PERFORMANCE
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DWAS Portfolio Data
DWAS Index Data
DWAS Portfolio Management
DWAS Tax Exposures
DWAS Fund Structure
DWAS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DWAS. DWAS is rated a 5 out of 5.
DWAS Tradability
DWAS Sector/Industry Breakdown
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DWAS TOP 10 HOLDINGS[View All]
DWAS Countries
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DWAS Regions
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DWAS Economic Development
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DWAS Performance Statistics
DWAS MSCI ESG Ratings
DWAS BENCHMARK COMPARISON SUMMARY
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DWAS BENCHMARK COMPARISON MARKET CAP SIZE
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