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DWASvsIWOETF Comparison

ETF 1

DWAS

Invesco DWA SmallCap Momentum ETF

This fund is part of

US Multi-Factor

+1.69%

Full DWAS fund page

VS

ETF 2

IWO

iShares Russell 2000 Growth ETF

This fund is part of

US Small Cap Growth

+2.36%

Full IWO fund page

Invesco DWA SmallCap Momentum ETF (DWAS) belongs to the US Multi-Factor segment. iShares Russell 2000 Growth ETF (IWO) is part of the US Small Cap Growth segment. 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 0.24% for IWO. DWAS is up 22.84% year-to-date (YTD) with -$398M in YTD flows. IWO performs worse with 20.31% YTD performance, and -$954M in YTD flows. Run a side-by-side ETF comparison of DWAS and IWO 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 IWO 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 08/04/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DWAS IWO	-1.95%-0.40%	+5.12%+7.58%	+22.84%+20.31%	+39.87%+33.75%	+49.70%+60.81%	+49.09%+34.79%
Flows	DWAS IWO	+$28M-$340M	+$20M-$234M	-$398M-$954M	-$400M-$723M	-$495M-$1.06B	-$224M-$671M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DWAS IWO	+31.20%+23.75%	+25.64%+22.55%	+25.15%+22.95%	+25.78%+24.74%
Max drawdown	DWAS IWO	-15.14%-7.65%	-15.14%-14.82%	-33.75%-28.47%	-33.75%-40.45%
Max drawdown duration	DWAS IWO	35d35d	35d84d	436d280d	436d1409d

Trading data

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	DWAS	IWO
Last sale 8/4/2026 at 1:30 PM	$118.86	$388.35
Previous close 08/04/2026	$115.04	$378.23
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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	DWAS	IWO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 8/4/2026 at 1:30 PM

Live

Closed

	DWAS	IWO
Last price	$118.86	$388.35
1D performance	+3.32%	+2.68%
AuM	$452.84 M	$14.81 B
E/R	0.6%	0.24%

Characteristics

	DWAS	IWO
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	Dorsey Wright SmallCap Technical Leaders Index	Russell 2000 Growth Index
N° of holdings	198	1097
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 19, 2012	July 24, 2000
ESG	No	No

More DWAS data on Trackinsight

More IWO data on Trackinsight

Exposure

Countries

DWAS

USA

98.08%

Other

1.92%

IWO

USA

95.89%

Other

4.11%

Sectors

DWAS

Healthcare

28.8%

Technology

21.97%

Industrials

15.4%

Finance

12.24%

Other

21.58%

IWO

Healthcare

28.24%

Technology

19.26%

Industrials

14.93%

Finance

12.41%

Other

25.16%

Diversification

DWAS

Total weight of top 15 holdings out of 15

22.24%

IWO

Total weight of top 15 holdings out of 15

8.51%

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%

IWO

Moog, Inc.

0.73%

BrightSpring Health Services, Inc.

0.68%

MaxLinear, Inc.

0.66%

Argan, Inc.

0.66%

JFrog Ltd.

0.59%

Krystal Biotech, Inc.

0.58%

ESCO Technologies, Inc.

0.56%

FirstCash Holdings, Inc.

0.53%

D-Wave Quantum, Inc.

0.53%

StoneX Group, Inc.

0.52%

Praxis Precision Medicines, Inc.

0.51%

Cipher Digital, Inc.

0.50%

Plexus Corp.

0.49%

EnerSys

0.49%

Ryman Hospitality Properties, Inc.

0.48%

Frequently asked questions about DWAS and IWO

How have the DWAS and IWO ETFs performed in 2026?

As of August 4, 2026, DWAS is up 22.84% year-to-date (YTD), while IWO has returned 20.31%. That puts DWAS better performer ahead so far this year.

Which ETF is attracting more investor money: DWAS or IWO?

Year-to-date, the DWAS ETF saw -$398M in flows, compared to -$954M for IWO.

Which ETF is more volatile: DWAS or IWO?

Over the past year, DWAS had a volatility of 25.64%, while IWO experienced 22.55%.

Which ETF is bigger: DWAS or IWO?

As of August 4, 2026, DWAS holds $452.84 M in assets under management (AUM), while IWO manages $14.81 B.

What sectors do the DWAS and IWO ETFs invest in?

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

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

DWAS top holdings include Sandisk Corp., Sezzle, Inc. and Tango Therapeutics, Inc.. IWO holds in its top three: Moog, Inc., BrightSpring Health Services, Inc. and MaxLinear, Inc..

DWASvsIWOETF Comparison

Invesco DWA SmallCap Momentum ETF

iShares Russell 2000 Growth ETF

DWAS vs IWO 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

How have the DWAS and IWO ETFs performed in 2026?

As of August 4, 2026, DWAS is up 22.84% year-to-date (YTD), while IWO has returned 20.31%. That puts DWAS better performer ahead so far this year.

Which ETF is attracting more investor money: DWAS or IWO?

Year-to-date, the DWAS ETF saw -$398M in flows, compared to -$954M for IWO.

Which ETF is more volatile: DWAS or IWO?

Over the past year, DWAS had a volatility of 25.64%, while IWO experienced 22.55%.

Which ETF is bigger: DWAS or IWO?

As of August 4, 2026, DWAS holds $452.84 M in assets under management (AUM), while IWO manages $14.81 B.

What sectors do the DWAS and IWO ETFs invest in?

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

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

DWAS top holdings include Sandisk Corp., Sezzle, Inc. and Tango Therapeutics, Inc.. IWO holds in its top three: Moog, Inc., BrightSpring Health Services, Inc. and MaxLinear, Inc..

Which ETF is more diversified: DWAS or IWO?

DWAS holds 199 securities with 22.24% of its assets in the top 15. IWO has 1122 securities and a top 15 weight of 8.51%.

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