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DWASvsIWOETF 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

IWO

iShares Russell 2000 Growth ETF

This fund is part of

US Small Cap Growth

-0.32%

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. DWAS's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, IWO's top sector exposures are 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 12.94% year-to-date (YTD) with -$401M in YTD flows. IWO performs worse with 12.24% YTD performance, and -$533M 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 09/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DWAS IWO	-6.47%-6.66%	-9.62%-7.00%	+12.94%+12.24%	+18.05%+12.32%	+43.18%+59.82%	+33.65%+27.02%
Flows	DWAS IWO	-$14M+$383M	+$31M+$219M	-$401M-$533M	-$400M-$363M	-$511M-$579M	-$210M-$286M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DWAS IWO	+27.57%+17.93%	+25.85%+22.24%	+25.27%+22.96%	+25.69%+24.69%
Max drawdown	DWAS IWO	-16.00%-8.65%	-16.00%-14.82%	-33.75%-28.47%	-33.75%-40.45%
Max drawdown duration	DWAS IWO	80d33d	80d84d	436d280d	436d1409d

Trading data

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	DWAS	IWO
Last sale 9/18/2026 at 1:30 PM	$109.18	$362.09
Previous close 09/17/2026	$109.17	$363.67
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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	DWAS	IWO
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	IWO
Last price	$109.18	$362.09
1D performance	+0.01%	-0.43%
AuM	$413.05 M	$14.20 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	200	1095
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

99.55%

Other

0.45%

IWO

USA

96.07%

Other

3.93%

Sectors

DWAS

Healthcare

28.46%

Technology

19.02%

Finance

14.73%

Industrials

14.3%

Other

23.5%

IWO

Healthcare

29.4%

Technology

17.79%

Industrials

13.73%

Finance

13.29%

Other

25.79%

Diversification

DWAS

Total weight of top 15 holdings out of 15

18.63%

IWO

Total weight of top 15 holdings out of 15

8.65%

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%

IWO

Moog, Inc.

0.76%

BrightSpring Health Services, Inc.

0.76%

Glaukos Corp.

0.62%

Krystal Biotech, Inc.

0.61%

Brinker International, Inc.

0.58%

Crinetics Pharmaceuticals, Inc.

0.55%

HealthEquity, Inc.

0.55%

JFrog Ltd.

0.54%

Protagonist Therapeutics, Inc.

0.54%

StoneX Group, Inc.

0.54%

Ryman Hospitality Properties, Inc.

0.53%

FirstCash Holdings, Inc.

0.53%

ESCO Technologies, Inc.

0.53%

Argan, Inc.

0.51%

InterDigital, Inc.

0.50%

Frequently asked questions about DWAS and IWO

How have the DWAS and IWO ETFs performed in 2026?

As of September 18, 2026, DWAS is up 12.94% year-to-date (YTD), while IWO has returned 12.24%. 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 -$401M in flows, compared to -$533M for IWO.

Which ETF is more volatile: DWAS or IWO?

Over the past year, DWAS had a volatility of 25.85%, while IWO experienced 22.24%.

Which ETF is bigger: DWAS or IWO?

As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while IWO manages $14.20 B.

What sectors do the DWAS and IWO ETFs invest in?

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

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

DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. IWO holds in its top three: Moog, Inc., BrightSpring Health Services, Inc. and Glaukos Corp..

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 September 18, 2026, DWAS is up 12.94% year-to-date (YTD), while IWO has returned 12.24%. 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 -$401M in flows, compared to -$533M for IWO.

Which ETF is more volatile: DWAS or IWO?

Over the past year, DWAS had a volatility of 25.85%, while IWO experienced 22.24%.

Which ETF is bigger: DWAS or IWO?

As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while IWO manages $14.20 B.

What sectors do the DWAS and IWO ETFs invest in?

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

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

DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. IWO holds in its top three: Moog, Inc., BrightSpring Health Services, Inc. and Glaukos Corp..

Which ETF is more diversified: DWAS or IWO?

DWAS holds 200 securities with 18.63% of its assets in the top 15. IWO has 1102 securities and a top 15 weight of 8.65%.

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