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DWAS ETF · Invesco DWA SmallCap Momentum ETF
The DWAS Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: Dorsey Wright SmallCap Technical Leaders Index. The DWAS ETF provides physical exposure, so by buying it you actually own parts of all the 199 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofUS Multi-Factor1M perf.+9.52%
Last price
$112.92
1M perf.
+12.82%
1M flows
+€2M
AuM
€351M
TER
0.6%
Rating
ESG Consensus®
DWAS
$112.92
Performance & flows
February 2, 2026 → May 1, 2026
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DWAS
$112.73
+10.80%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +12.82% | +10.80% | +46.32% | +58.90% | +35.67% | +0.44% | +14.29% | +16.51% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
5/1/2026
$112.73
1D NAV change
+0.44%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
199
Inception date
7/19/2012
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +10.80% | +46.32% | +58.90% | +35.67% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
97.82%
Cayman Islands
1.06%
Other
1.12%
Sectors
Health Care
30.04%
Industrials
17.10%
Information Technology
10.96%
Financials
8.78%
Consumer Discretionary
6.20%
Energy
3.69%
Materials
3.64%
Communication Services
1.30%
Unavailable
16.68%
Other
1.62%
Diversification
Total weight of top 15 holdings out of 199
Top 15 holdings
Data as of March 31, 2026
TERNS PHARMACEUTICALS
PLANET LABS PBC
KODIAK SCIENCES INC
BEL FUSE
TUTOR PERINI
LUMENTUM HOLDINGS
US78435P1057
CELCUITY INC
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GRAHAM
NUVALENT
COGENT BIOSCIENCES
US74006W2070
FREQUENCY ELECTRONICS
AMNEAL PHARMACEUTICALS INC
ENOVA INTERNATIONAL
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of February 27, 2026
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about DWAS ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
DWAS’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
71.63% of holdings have positive scoring
28.37% of holdings have negative scoring
5.11%
42.10%
24.42%
5.19%
21.08%
Consensus levels
Strong
Medium
Weak
No data on remaining < 1% of holdings
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of April 30, 2026
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DWAS
N/A
Replication quality
Calculated over 12m, as of April 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Invesco
Invesco ID Card
Number of funds
633
Total AuM
€921.67B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3558%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
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RSP | Invesco S&P 500® Equal Weight ETF | €74.39B |
QQQM | Invesco NASDAQ 100 ETF | €71.72B |
SPXS | Invesco S&P 500 UCITS ETF | €32.35B |
SGLD | Invesco Physical Gold USD ETC | €25.28B |
Frequently asked questions about DWAS
What does Invesco DWA SmallCap Momentum ETF, DWAS, invest in?
DWAS is a Passive ETF. This ETF provides exposure to Other Small Cap US Equities.
Which benchmark or index does DWAS replicate?
DWAS tracks the Dorsey Wright SmallCap Technical Leaders Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of DWAS?
DWAS carries a total expense ratio (TER) of 0.6%, indicating the annual cost for holding the fund.
When was DWAS launched?
DWAS was introduced to the market on July 19, 2012. It trades on United States
Who is the ETF issuer of DWAS?
Invesco DWA SmallCap Momentum ETF, DWAS, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of DWAS?
DWAS oversees €351M in assets as of May 1, 2026.
How has DWAS performed lately?
Based on data from May 1, 2026, DWAS returned 12.82% over the past month, 10.80% over the last three months and 16.51% year-to-date.
What are the latest inflows or outflows for DWAS?
As of May 1, 2026, DWAS recorded net flows of +€2M over the last month and -€355M year-to-date.
Does DWAS distribute dividends?
DWAS follows a distributing dividend policy, meaning it pays out income to investors. As of May 1, 2026, its 12-month trailing yield was 0.01%.
What are the main country or region exposures of DWAS?
As of March 31, 2026, DWAS has significant geographic allocations in USA and Cayman Islands.
In which sector or theme does DWAS invest in?
As of March 31, 2026, DWAS focuses largely on Health Care, Industrials and Information Technology.
How many securities does DWAS hold and how diversified is it?
As of March 31, 2026, DWAS holds 199 positions in its portfolio, with 21.88% of assets concentrated in its top 15 holdings.
What are the main positions in DWAS?
As of March 31, 2026, DWAS top three holdings include TERNS PHARMACEUTICALS, PLANET LABS PBC and KODIAK SCIENCES INC.
What is the base currency of DWAS?
The base currency of DWAS is USD.
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