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DWASvsFSEGETF Comparison

ETF 1

DWAS

Invesco DWA SmallCap Momentum ETF

This fund is part of

US Multi-Factor

-0.03%

Full DWAS fund page

VS

ETF 2

FSEG

Fidelity Enhanced Small Cap Growth ETF

This fund is part of

US Multi-Factor

-0.03%

Full FSEG fund page

Invesco DWA SmallCap Momentum ETF (DWAS) and Fidelity Enhanced Small Cap Growth ETF (FSEG) belong to the same industry segment: US Multi-Factor. DWAS's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, FSEG's top sector exposures are 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DWAS FSEG	-6.47%-5.64%	-9.62%-5.12%	+12.94%n/a	+18.05%n/a	+43.18%n/a	+33.65%n/a
Flows	DWAS FSEG	-$14M-	+$31M+$1M	-$401M-	-$400M-	-$511M-	-$210M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DWAS FSEG	+27.57%+17.81%	+25.85%n/a	+25.27%n/a	+25.69%n/a
Max drawdown	DWAS FSEG	-16.00%-8.57%	-16.00%n/a	-33.75%n/a	-33.75%n/a
Max drawdown duration	DWAS FSEG	80d80d	80dn/a	436dn/a	436dn/a

Trading data

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	DWAS	FSEG
Last sale 9/18/2026 at 1:30 PM	$109.18	$26.26
Previous close 09/17/2026	$109.17	$26.41
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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FSEG

is actively managed and doesn’t replicate an index

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	DWAS	FSEG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	DWAS	FSEG
Last price	$109.18	$26.26
1D performance	+0.01%	-0.57%
AuM	$413.05 M	$6.56 M
E/R	0.6%	0.28%

Characteristics

	DWAS	FSEG
Management strategy	Passive	Active
Provider	Invesco	Fidelity
Benchmark	Dorsey Wright SmallCap Technical Leaders Index	-
N° of holdings	200	453
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	July 19, 2012	April 29, 2026
ESG	No	No

More DWAS data on Trackinsight

More FSEG data on Trackinsight

Exposure

Countries

DWAS

USA

99.55%

Other

0.45%

FSEG

USA

97.47%

Other

2.53%

Sectors

DWAS

Healthcare

28.46%

Technology

19.02%

Finance

14.73%

Industrials

14.3%

Other

23.5%

FSEG

Healthcare

29.66%

Technology

22.79%

Industrials

14.55%

Finance

11.83%

Other

21.16%

Diversification

DWAS

Total weight of top 15 holdings out of 15

18.63%

FSEG

Total weight of top 15 holdings out of 15

11.92%

Top 15 holdings

Data as of July 31, 2026

DWAS

Sezzle, Inc.

1.84%

Erasca, Inc.

1.72%

Enova International, Inc.

1.52%

Agilon Health, Inc.

1.34%

Tango Therapeutics, Inc.

1.31%

Amneal Pharmaceuticals, Inc.

1.30%

Bel Fuse, Inc.

1.27%

Oruka Therapeutics, Inc.

1.15%

Graham Corp.

1.11%

Climb Bio, Inc.

1.11%

Acadian Asset Management, Inc.

1.05%

Frequency Electronics, Inc.

1.04%

Perimeter Solutions, Inc.

0.98%

MYR Group, Inc.

0.95%

Liquidia Corp.

0.95%

FSEG

Oscar Health, Inc.

1.01%

BrightSpring Health Services, Inc.

0.92%

HealthEquity, Inc.

0.88%

Balchem Corp.

0.84%

Enova International, Inc.

0.83%

Moog, Inc.

0.81%

Clear Secure, Inc.

0.81%

Plexus Corp.

0.79%

Commvault Systems, Inc.

0.78%

Griffon Corp.

0.73%

Kodiak Gas Services, Inc.

0.73%

Installed Building Products, Inc.

0.72%

Hawkins, Inc.

0.71%

Materion Corp.

0.68%

Diebold Nixdorf, Inc.

0.68%

Frequently asked questions about DWAS and FSEG

Which ETF is bigger: DWAS or FSEG?

As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while FSEG manages $6.56 M.

What sectors do the DWAS and FSEG ETFs invest in?

DWAS leans toward sectors like Healthcare, Technology and Finance. Meanwhile, FSEG focuses on Healthcare, Technology and Industrials.

What are the top holdings of the DWAS ETF and FSEG ETF?

DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. FSEG holds in its top three: Oscar Health, Inc., BrightSpring Health Services, Inc. and HealthEquity, Inc..

DWASvsFSEGETF Comparison

Invesco DWA SmallCap Momentum ETF

Fidelity Enhanced Small Cap Growth ETF

DWAS vs FSEG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: DWAS or FSEG?

As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while FSEG manages $6.56 M.

What sectors do the DWAS and FSEG ETFs invest in?

DWAS leans toward sectors like Healthcare, Technology and Finance. Meanwhile, FSEG focuses on Healthcare, Technology and Industrials.

What are the top holdings of the DWAS ETF and FSEG ETF?

DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. FSEG holds in its top three: Oscar Health, Inc., BrightSpring Health Services, Inc. and HealthEquity, Inc..

Which ETF is more diversified: DWAS or FSEG?

DWAS holds 200 securities with 18.63% of its assets in the top 15. FSEG has 454 securities and a top 15 weight of 11.92%.

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