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FSEGvsDWASETF Comparison

ETF 1

FSEG

Fidelity Enhanced Small Cap Growth ETF

This fund is part of

US Multi-Factor

-0.03%

Full FSEG fund page

VS

ETF 2

DWAS

Invesco DWA SmallCap Momentum ETF

This fund is part of

US Multi-Factor

-0.03%

Full DWAS fund page

Fidelity Enhanced Small Cap Growth ETF (FSEG) and Invesco DWA SmallCap Momentum ETF (DWAS) belong to the same industry segment: US Multi-Factor. FSEG's top 3 sector exposures are Healthcare, Technology and Industrials. In contrast, DWAS's top sector exposures are Healthcare, Technology and Finance. 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

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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.	FSEG DWAS	-5.64%-6.47%	-5.12%-9.62%	n/a+12.94%	n/a+18.05%	n/a+43.18%	n/a+33.65%
Flows	FSEG DWAS	--$14M	+$1M+$31M	--$401M	--$400M	--$511M	--$210M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FSEG DWAS	+17.81%+27.57%	n/a+25.85%	n/a+25.27%	n/a+25.69%
Max drawdown	FSEG DWAS	-8.57%-16.00%	n/a-16.00%	n/a-33.75%	n/a-33.75%
Max drawdown duration	FSEG DWAS	80d80d	n/a80d	n/a436d	n/a436d

Trading data

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	FSEG	DWAS
Last sale 9/18/2026 at 1:30 PM	$26.26	$109.18
Previous close 09/18/2026	$26.41	$109.17
Consolidated volume 09/18/2026
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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FSEG

is actively managed and doesn’t replicate an index

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	FSEG	DWAS
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

	FSEG	DWAS
Last price	$26.26	$109.18
1D performance	-0.57%	+0.01%
AuM	$6.56 M	$413.05 M
E/R	0.28%	0.6%

Characteristics

	FSEG	DWAS
Management strategy	Active	Passive
Provider	Fidelity	Invesco
Benchmark	-	Dorsey Wright SmallCap Technical Leaders Index
N° of holdings	453	200
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 29, 2026	July 19, 2012
ESG	No	No

More FSEG data on Trackinsight

More DWAS data on Trackinsight

Exposure

Countries

FSEG

USA

97.47%

Other

2.53%

DWAS

USA

99.55%

Other

0.45%

Sectors

FSEG

Healthcare

29.66%

Technology

22.79%

Industrials

14.55%

Finance

11.83%

Other

21.16%

DWAS

Healthcare

28.46%

Technology

19.02%

Finance

14.73%

Industrials

14.3%

Other

23.5%

Diversification

FSEG

Total weight of top 15 holdings out of 15

11.92%

DWAS

Total weight of top 15 holdings out of 15

18.63%

Top 15 holdings

Data as of July 31, 2026

FSEG

Oscar Health, Inc.

1.01%

BrightSpring Health Services, Inc.

0.92%

HealthEquity, Inc.

0.88%

Balchem Corp.

0.84%

Enova International, Inc.

0.83%

Moog, Inc.

0.81%

Clear Secure, Inc.

0.81%

Plexus Corp.

0.79%

Commvault Systems, Inc.

0.78%

Griffon Corp.

0.73%

Kodiak Gas Services, Inc.

0.73%

Installed Building Products, Inc.

0.72%

Hawkins, Inc.

0.71%

Materion Corp.

0.68%

Diebold Nixdorf, Inc.

0.68%

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%

Frequently asked questions about FSEG and DWAS

Which ETF is bigger: FSEG or DWAS?

As of September 18, 2026, FSEG holds $6.56 M in assets under management (AUM), while DWAS manages $413.05 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 Finance.

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

FSEG top holdings include Oscar Health, Inc., BrightSpring Health Services, Inc. and HealthEquity, Inc.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..

FSEGvsDWASETF Comparison

Fidelity Enhanced Small Cap Growth ETF

Invesco DWA SmallCap Momentum ETF

FSEG vs DWAS 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

Which ETF is bigger: FSEG or DWAS?

As of September 18, 2026, FSEG holds $6.56 M in assets under management (AUM), while DWAS manages $413.05 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 Finance.

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

FSEG top holdings include Oscar Health, Inc., BrightSpring Health Services, Inc. and HealthEquity, Inc.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..

Which ETF is more diversified: FSEG or DWAS?

FSEG holds 454 securities with 11.92% of its assets in the top 15. DWAS has 200 securities and a top 15 weight of 18.63%.

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