FSEGvsDWASETF Comparison
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Fidelity Enhanced Small Cap Growth ETF (FSEG) and Invesco DWA SmallCap Momentum ETF (DWAS) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Healthcare, Technology and Industrials. FSEG is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.6% for DWAS. Run a side-by-side ETF comparison of FSEG and DWAS 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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FSEG vs DWAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FSEG DWAS | -0.84%-1.95% | +9.55%+5.12% | n/a+22.84% | n/a+39.87% | n/a+49.70% | n/a+49.09% |
| Flows | FSEG DWAS | +$1M+$28M | +$1M+$20M | --$398M | --$400M | --$495M | --$224M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FSEG DWAS | +22.65%+31.20% | n/a+25.64% | n/a+25.15% | n/a+25.78% |
| Max drawdown | FSEG DWAS | -7.73%-15.14% | n/a-15.14% | n/a-33.75% | n/a-33.75% |
| Max drawdown duration | FSEG DWAS | 35d35d | n/a35d | n/a436d | n/a436d |
Trading data
FSEG | DWAS | |
Last sale 8/5/2026 at 1:30 PM | $27.87 | $118.00 |
| Previous close 08/04/2026 | $27.99 | $118.86 |
| 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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FSEG
is actively managed and doesn’t replicate an indexFSEG | DWAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 8/5/2026 at 1:30 PM
Live
Closed
FSEG | DWAS | |
|---|---|---|
| Last price | $27.87 | $118.00 |
| 1D performance | -0.41% | -0.72% |
| AuM | $6.99 M | $452.84 M |
| E/R | 0.28% | 0.6% |
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Exposure
Countries
FSEG
USA
97.76%
Other
2.24%
DWAS
USA
98.08%
Other
1.92%
Sectors
FSEG
Healthcare
27.48%
Technology
23.88%
Industrials
16.01%
Finance
13.71%
Other
18.92%
DWAS
Healthcare
28.8%
Technology
21.97%
Industrials
15.4%
Finance
12.24%
Other
21.58%
Diversification
FSEG
Total weight of top 15 holdings out of 15
14.55%
DWAS
Total weight of top 15 holdings out of 15
22.24%
Top 15 holdings
Data as of June 30, 2026
FSEG
Kodiak Gas Services, Inc.
1.20%
Guardant Health, Inc.
1.17%
Commvault Systems, Inc.
1.11%
Balchem Corp.
1.06%
Kulicke & Soffa Industries, Inc.
1.01%
Enova International, Inc.
0.94%
Griffon Corp.
0.93%
Argan, Inc.
0.92%
Tenable Holdings, Inc.
0.91%
Clear Secure, Inc.
0.91%
Axsome Therapeutics, Inc.
0.89%
HealthEquity, Inc.
0.89%
Plexus Corp.
0.88%
BGC Group, Inc.
0.87%
Installed Building Products, Inc.
0.86%
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%
Frequently asked questions about FSEG and DWAS
Which ETF is bigger: FSEG or DWAS?
As of August 4, 2026, FSEG holds $6.99 M in assets under management (AUM), while DWAS manages $452.84 M.
What sectors do the FSEG and DWAS ETFs invest in?
FSEG leans toward sectors like Healthcare, Technology and Industrials. Meanwhile, DWAS focuses on Healthcare, Technology and Industrials.
What are the top holdings of the FSEG ETF and DWAS ETF?
FSEG top holdings include Kodiak Gas Services, Inc., Guardant Health, Inc. and Commvault Systems, Inc.. DWAS holds in its top three: Sandisk Corp., Sezzle, Inc. and Tango Therapeutics, Inc..
Which ETF is more diversified: FSEG or DWAS?
FSEG holds 323 securities with 14.55% of its assets in the top 15. DWAS has 199 securities and a top 15 weight of 22.24%.
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