DWASvsVIOGETF Comparison
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Invesco DWA SmallCap Momentum ETF (DWAS) belongs to the US Multi-Factor segment. Vanguard S&P Small-Cap 600 Growth ETF (VIOG) is part of the US Small Cap Growth segment. DWAS's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, VIOG's top sector exposures are Finance, Industrials and Healthcare. DWAS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.1% for VIOG. DWAS is up 12.83% year-to-date (YTD) with -$401M in YTD flows. VIOG performs better with 16.48% YTD performance, and +$105M in YTD flows. Run a side-by-side ETF comparison of DWAS and VIOG 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 VIOG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DWAS VIOG | -9.30%-8.08% | -7.94%-2.18% | +12.83%+16.48% | +21.48%+17.55% | +43.05%+49.99% | +28.86%+29.91% |
| Flows | DWAS VIOG | -$14M+$20M | +$26M+$82M | -$401M+$105M | -$400M+$66M | -$511M+$220M | -$210M+$311M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DWAS VIOG | +27.88%+14.33% | +26.01%+17.38% | +25.28%+19.94% | +25.73%+21.44% |
| Max drawdown | DWAS VIOG | -16.00%-8.65% | -16.00%-9.06% | -33.75%-27.38% | -33.75%-29.24% |
| Max drawdown duration | DWAS VIOG | 79d44d | 79d41d | 436d414d | 436d980d |
Trading data
DWAS | VIOG | |
Last sale 9/18/2026 at 1:30 PM | $109.18 | $140.50 |
| Previous close 09/17/2026 | $109.17 | $140.87 |
| 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 | VIOG | |
|---|---|---|
| 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 | VIOG | |
|---|---|---|
| Last price | $109.18 | $140.50 |
| 1D performance | +0.01% | -0.26% |
| AuM | $412.66 M | $1.06 B |
| E/R | 0.6% | 0.1% |
Characteristics
DWAS | VIOG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | Dorsey Wright SmallCap Technical Leaders Index | S&P SmallCap 600 Growth Index |
| N° of holdings | 200 | 348 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 19, 2012 | September 7, 2010 |
| ESG | No | No |
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Exposure
Countries
DWAS
USA
99.55%
Other
0.45%
VIOG
USA
96.81%
Other
3.19%
Sectors
DWAS
Healthcare
28.46%
Technology
19.02%
Finance
14.73%
Industrials
14.3%
Other
23.5%
VIOG
Finance
23.11%
Industrials
16.86%
Healthcare
14.93%
Technology
12.77%
Other
32.34%
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Diversification
DWAS
Total weight of top 15 holdings out of 15
18.63%
VIOG
Total weight of top 15 holdings out of 15
14.17%
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%
VIOG
Corcept Therapeutics, Inc.
1.24%
ViaSat, Inc.
1.18%
Brinker International, Inc.
1.04%
Ryman Hospitality Properties, Inc.
0.95%
FormFactor, Inc.
0.93%
Protagonist Therapeutics, Inc.
0.93%
ESCO Technologies, Inc.
0.92%
Alkermes Plc
0.92%
StoneX Group, Inc.
0.91%
Argan, Inc.
0.90%
Etsy, Inc.
0.88%
Federal Signal Corp.
0.86%
Zurn Elkay Water Solutions Corp.
0.85%
Armstrong World Industries, Inc.
0.84%
JBT Marel Corp.
0.81%
Frequently asked questions about DWAS and VIOG
How have the DWAS and VIOG ETFs performed in 2026?
As of September 17, 2026, DWAS is up 12.83% year-to-date (YTD), while VIOG has returned 16.48%. That puts VIOG better performer ahead so far this year.
Which ETF is attracting more investor money: DWAS or VIOG?
Year-to-date, the DWAS ETF saw -$401M in flows, compared to +$105M for VIOG.
Which ETF is more volatile: DWAS or VIOG?
Over the past year, DWAS had a volatility of 26.01%, while VIOG experienced 17.38%.
Which ETF is bigger: DWAS or VIOG?
As of September 17, 2026, DWAS holds $412.66 M in assets under management (AUM), while VIOG manages $1.06 B.
What sectors do the DWAS and VIOG ETFs invest in?
DWAS leans toward sectors like Healthcare, Technology and Finance. Meanwhile, VIOG focuses on Finance, Industrials and Healthcare.
What are the top holdings of the DWAS ETF and VIOG ETF?
DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. VIOG holds in its top three: Corcept Therapeutics, Inc., ViaSat, Inc. and Brinker International, Inc..
Which ETF is more diversified: DWAS or VIOG?
DWAS holds 200 securities with 18.63% of its assets in the top 15. VIOG has 348 securities and a top 15 weight of 14.17%.
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