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DWASvsXSMOETF 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

XSMO

Invesco S&P SmallCap Momentum ETF

This fund is part of

US Multi-Factor

-0.03%

Full XSMO fund page

Invesco DWA SmallCap Momentum ETF (DWAS) and Invesco S&P SmallCap Momentum ETF (XSMO) belong to the same industry segment: US Multi-Factor. DWAS's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, XSMO's top sector exposures are Finance, Industrials and Healthcare. DWAS is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.35% for XSMO. DWAS is up 12.94% year-to-date (YTD) with -$401M in YTD flows. XSMO performs better with 14.35% YTD performance, and +$556M in YTD flows. Run a side-by-side ETF comparison of DWAS and XSMO 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 XSMO performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DWAS XSMO	-6.47%-6.43%	-9.62%-8.64%	+12.94%+14.35%	+18.05%+11.45%	+43.18%+68.29%	+33.65%+66.22%
Flows	DWAS XSMO	-$14M-$14M	+$31M-$65M	-$401M+$556M	-$400M+$706M	-$511M+$2.25B	-$210M+$2.26B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DWAS XSMO	+27.57%+18.05%	+25.85%+19.70%	+25.27%+21.40%	+25.69%+22.50%
Max drawdown	DWAS XSMO	-16.00%-13.12%	-16.00%-13.12%	-33.75%-24.70%	-33.75%-29.80%
Max drawdown duration	DWAS XSMO	80d80d	80d80d	436d282d	436d862d

Trading data

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	DWAS	XSMO
Last sale 9/18/2026 at 1:30 PM	$109.18	$82.18
Previous close 09/17/2026	$109.17	$82.27
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	XSMO
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	XSMO
Last price	$109.18	$82.18
1D performance	+0.01%	-0.11%
AuM	$413.05 M	$2.87 B
E/R	0.6%	0.35%

Characteristics

	DWAS	XSMO
Management strategy	Passive	Passive
Provider	Invesco	Invesco
Benchmark	Dorsey Wright SmallCap Technical Leaders Index	S&P Smallcap 600 Momentum Index
N° of holdings	200	107
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 19, 2012	March 3, 2005
ESG	No	No

More DWAS data on Trackinsight

More XSMO data on Trackinsight

Exposure

Countries

DWAS

USA

99.55%

Other

0.45%

XSMO

USA

97.66%

Other

2.34%

Sectors

DWAS

Healthcare

28.46%

Technology

19.02%

Finance

14.73%

Industrials

14.3%

Other

23.5%

XSMO

Finance

20.78%

Industrials

18.3%

Healthcare

13.4%

Technology

10.17%

Non-Energy Materi.

7.75%

Other

29.61%

Diversification

DWAS

Total weight of top 15 holdings out of 15

18.63%

XSMO

Total weight of top 15 holdings out of 15

31.31%

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%

XSMO

ViaSat, Inc.

4.29%

ESCO Technologies, Inc.

2.89%

Protagonist Therapeutics, Inc.

2.56%

Indivior Pharmaceuticals, Inc.

2.25%

StoneX Group, Inc.

2.09%

Mercury Systems, Inc.

2.07%

Ligand Pharmaceuticals, Inc.

1.92%

PriceSmart, Inc.

1.83%

Madison Square Garden Sports Corp.

1.79%

Par Pacific Holdings, Inc.

1.64%

Powell Industries, Inc.

1.61%

PTC Therapeutics, Inc.

1.61%

Armstrong World Industries, Inc.

1.60%

FormFactor, Inc.

1.59%

MYR Group, Inc.

1.57%

Frequently asked questions about DWAS and XSMO

How have the DWAS and XSMO ETFs performed in 2026?

As of September 18, 2026, DWAS is up 12.94% year-to-date (YTD), while XSMO has returned 14.35%. That puts XSMO better performer ahead so far this year.

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

Year-to-date, the DWAS ETF saw -$401M in flows, compared to +$556M for XSMO.

Which ETF is more volatile: DWAS or XSMO?

Over the past year, DWAS had a volatility of 25.85%, while XSMO experienced 19.7%.

Which ETF is bigger: DWAS or XSMO?

As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while XSMO manages $2.87 B.

What sectors do the DWAS and XSMO ETFs invest in?

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

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

DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. XSMO holds in its top three: ViaSat, Inc., ESCO Technologies, Inc. and Protagonist Therapeutics, Inc..

DWASvsXSMOETF Comparison

Invesco DWA SmallCap Momentum ETF

Invesco S&P SmallCap Momentum ETF

DWAS vs XSMO 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 XSMO ETFs performed in 2026?

As of September 18, 2026, DWAS is up 12.94% year-to-date (YTD), while XSMO has returned 14.35%. That puts XSMO better performer ahead so far this year.

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

Year-to-date, the DWAS ETF saw -$401M in flows, compared to +$556M for XSMO.

Which ETF is more volatile: DWAS or XSMO?

Over the past year, DWAS had a volatility of 25.85%, while XSMO experienced 19.7%.

Which ETF is bigger: DWAS or XSMO?

As of September 18, 2026, DWAS holds $413.05 M in assets under management (AUM), while XSMO manages $2.87 B.

What sectors do the DWAS and XSMO ETFs invest in?

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

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

DWAS top holdings include Sezzle, Inc., Erasca, Inc. and Enova International, Inc.. XSMO holds in its top three: ViaSat, Inc., ESCO Technologies, Inc. and Protagonist Therapeutics, Inc..

Which ETF is more diversified: DWAS or XSMO?

DWAS holds 200 securities with 18.63% of its assets in the top 15. XSMO has 107 securities and a top 15 weight of 31.31%.

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