DWASvsJSMLETF Comparison
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Invesco DWA SmallCap Momentum ETF (DWAS) belongs to the US Multi-Factor segment. Janus Henderson Small Cap Growth Alpha ETF (JSML) is part of the US Small Cap Growth segment. Both ETFs have the same top 3 sector exposures: Healthcare, Technology and Finance. DWAS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.3% for JSML. DWAS is up 12.94% year-to-date (YTD) with -$401M in YTD flows. JSML performs better with 17.95% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of DWAS and JSML 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 JSML performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DWAS JSML | -6.47%-4.94% | -9.62%-4.68% | +12.94%+17.95% | +18.05%+13.38% | +43.18%+71.60% | +33.65%+36.03% |
| Flows | DWAS JSML | -$14M-$22M | +$31M+$2M | -$401M+$36M | -$400M+$71M | -$511M+$91M | -$210M+$125M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DWAS JSML | +27.57%+17.45% | +25.85%+21.98% | +25.27%+22.02% | +25.69%+24.29% |
| Max drawdown | DWAS JSML | -16.00%-8.05% | -16.00%-14.79% | -33.75%-25.88% | -33.75%-37.27% |
| Max drawdown duration | DWAS JSML | 80d80d | 80d84d | 436d287d | 436d1093d |
Trading data
DWAS | JSML | |
Last sale 9/18/2026 at 1:30 PM | $109.18 | $86.54 |
| Previous close 09/17/2026 | $109.17 | $86.89 |
| 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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JSML
is actively managed and doesn’t replicate an indexDWAS | JSML | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
DWAS | JSML | |
|---|---|---|
| Last price | $109.18 | $86.54 |
| 1D performance | +0.01% | -0.41% |
| AuM | $413.05 M | $340.48 M |
| E/R | 0.6% | 0.3% |
Characteristics
DWAS | JSML | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Janus Henderson Investors |
| Benchmark | Dorsey Wright SmallCap Technical Leaders Index | - |
| N° of holdings | 200 | 119 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 19, 2012 | February 23, 2016 |
| ESG | No | No |
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Exposure
Countries
DWAS
USA
99.55%
Other
0.45%
JSML
USA
97.14%
Other
2.86%
Sectors
DWAS
Healthcare
28.46%
Technology
19.02%
Finance
14.73%
Industrials
14.3%
Other
23.5%
JSML
Healthcare
26.88%
Technology
20.74%
Finance
15.52%
Industrials
8.64%
Consumer Services
7.38%
Other
20.83%
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Diversification
DWAS
Total weight of top 15 holdings out of 15
18.63%
JSML
Total weight of top 15 holdings out of 15
24.24%
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%
JSML
TriNet Group, Inc.
2.20%
Ryman Hospitality Properties, Inc.
2.14%
Cactus, Inc.
2.11%
EnerSys
1.74%
Victory Capital Holdings, Inc.
1.64%
Tenable Holdings, Inc.
1.54%
StepStone Group, Inc.
1.54%
CTS Corp.
1.49%
Brinker International, Inc.
1.47%
Commvault Systems, Inc.
1.46%
Kontoor Brands, Inc.
1.45%
MeiraGTx Holdings Plc
1.42%
Enova International, Inc.
1.36%
MYR Group, Inc.
1.36%
BrightSpring Health Services, Inc.
1.34%
Frequently asked questions about DWAS and JSML
How have the DWAS and JSML ETFs performed in 2026?
As of September 18, 2026, DWAS is up 12.94% year-to-date (YTD), while JSML has returned 17.95%. That puts JSML better performer ahead so far this year.
Which ETF is attracting more investor money: DWAS or JSML?
Year-to-date, the DWAS ETF saw -$401M in flows, compared to +$36M for JSML.
Which ETF is more volatile: DWAS or JSML?
Over the past year, DWAS had a volatility of 25.85%, while JSML experienced 21.98%.
Which ETF is bigger: DWAS or JSML?
As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while JSML manages $340.48 M.
What sectors do the DWAS and JSML ETFs invest in?
DWAS leans toward sectors like Healthcare, Technology and Finance. Meanwhile, JSML focuses on Healthcare, Technology and Finance.
What are the top holdings of the DWAS ETF and JSML ETF?
DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. JSML holds in its top three: TriNet Group, Inc., Ryman Hospitality Properties, Inc. and Cactus, Inc..
Which ETF is more diversified: DWAS or JSML?
DWAS holds 200 securities with 18.63% of its assets in the top 15. JSML has 119 securities and a top 15 weight of 24.24%.
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