DWASvsFSEGETF Comparison
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Invesco DWA SmallCap Momentum ETF (DWAS) and Fidelity Enhanced Small Cap Growth ETF (FSEG) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Healthcare, Technology and Industrials. DWAS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.28% for FSEG. Run a side-by-side ETF comparison of DWAS and FSEG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DWAS vs FSEG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DWAS FSEG | -1.95%-0.84% | +5.12%+9.55% | +22.84%n/a | +39.87%n/a | +49.70%n/a | +49.09%n/a |
| Flows | DWAS FSEG | +$28M+$1M | +$20M+$1M | -$398M- | -$400M- | -$495M- | -$224M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DWAS FSEG | +31.20%+22.65% | +25.64%n/a | +25.15%n/a | +25.78%n/a |
| Max drawdown | DWAS FSEG | -15.14%-7.73% | -15.14%n/a | -33.75%n/a | -33.75%n/a |
| Max drawdown duration | DWAS FSEG | 35d35d | 35dn/a | 436dn/a | 436dn/a |
Trading data
DWAS | FSEG | |
Last sale 8/4/2026 at 1:30 PM | $118.86 | $27.99 |
| Previous close 08/04/2026 | $115.04 | $27.28 |
| Consolidated volume 08/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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FSEG
is actively managed and doesn’t replicate an indexDWAS | FSEG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/4/2026 at 1:30 PM
Live
Closed
DWAS | FSEG | |
|---|---|---|
| Last price | $118.86 | $27.99 |
| 1D performance | +3.32% | +2.61% |
| AuM | $452.84 M | $6.99 M |
| E/R | 0.6% | 0.28% |
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Exposure
Countries
DWAS
USA
98.08%
Other
1.92%
FSEG
USA
97.76%
Other
2.24%
Sectors
DWAS
Healthcare
28.8%
Technology
21.97%
Industrials
15.4%
Finance
12.24%
Other
21.58%
FSEG
Healthcare
27.48%
Technology
23.88%
Industrials
16.01%
Finance
13.71%
Other
18.92%
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Diversification
DWAS
Total weight of top 15 holdings out of 15
22.24%
FSEG
Total weight of top 15 holdings out of 15
14.55%
Top 15 holdings
Data as of June 30, 2026
DWAS
Sandisk Corp.
3.43%
Sezzle, Inc.
3.39%
Tango Therapeutics, Inc.
1.77%
Bel Fuse, Inc.
1.70%
TTM Technologies, Inc.
1.32%
Kodiak Sciences, Inc.
1.27%
Graham Corp.
1.25%
Heritage Insurance Holdings, Inc.
1.10%
Planet Labs PBC
1.05%
Nuvalent, Inc.
1.05%
Erasca, Inc.
1.02%
Lumentum Holdings, Inc.
1.00%
MYR Group, Inc.
1.00%
Enova International, Inc.
0.99%
Aehr Test Systems
0.90%
FSEG
Kodiak Gas Services, Inc.
1.20%
Guardant Health, Inc.
1.17%
Commvault Systems, Inc.
1.11%
Balchem Corp.
1.06%
Kulicke & Soffa Industries, Inc.
1.01%
Enova International, Inc.
0.94%
Griffon Corp.
0.93%
Argan, Inc.
0.92%
Tenable Holdings, Inc.
0.91%
Clear Secure, Inc.
0.91%
Axsome Therapeutics, Inc.
0.89%
HealthEquity, Inc.
0.89%
Plexus Corp.
0.88%
BGC Group, Inc.
0.87%
Installed Building Products, Inc.
0.86%
Frequently asked questions about DWAS and FSEG
Which ETF is bigger: DWAS or FSEG?
As of August 4, 2026, DWAS holds $452.84 M in assets under management (AUM), while FSEG manages $6.99 M.
What sectors do the DWAS and FSEG ETFs invest in?
DWAS leans toward sectors like Healthcare, Technology and Industrials. Meanwhile, FSEG focuses on Healthcare, Technology and Industrials.
What are the top holdings of the DWAS ETF and FSEG ETF?
DWAS top holdings include Sandisk Corp., Sezzle, Inc. and Tango Therapeutics, Inc.. FSEG holds in its top three: Kodiak Gas Services, Inc., Guardant Health, Inc. and Commvault Systems, Inc..
Which ETF is more diversified: DWAS or FSEG?
DWAS holds 199 securities with 22.24% of its assets in the top 15. FSEG has 323 securities and a top 15 weight of 14.55%.
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