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IWOvsDWASETF Comparison

ETF 1

IWO

iShares Russell 2000 Growth ETF

This fund is part of

US Small Cap Growth

+0.66%

Full IWO fund page

VS

ETF 2

DWAS

Invesco DWA SmallCap Momentum ETF

This fund is part of

US Multi-Factor

+0.67%

Full DWAS fund page

iShares Russell 2000 Growth ETF (IWO) belongs to the US Small Cap Growth segment. Invesco DWA SmallCap Momentum ETF (DWAS) is part of the US Multi-Factor segment. IWO's top 3 sector exposures are Healthcare, Technology and Industrials. In contrast, DWAS's top sector exposures are Healthcare, Technology and Finance. IWO is less expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.6% for DWAS. IWO is up 13.91% year-to-date (YTD) with -$570M in YTD flows. DWAS performs worse with 13.74% YTD performance, and -$401M in YTD flows. Run a side-by-side ETF comparison of IWO 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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IWO 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 09/11/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IWO DWAS	-5.53%-5.75%	-2.69%-5.77%	+13.91%+13.74%	+16.94%+21.05%	+59.50%+42.83%	+26.01%+30.31%
Flows	IWO DWAS	+$308M-$2M	+$183M+$26M	-$570M-$401M	-$383M-$400M	-$720M-$509M	-$337M-$213M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IWO DWAS	+18.92%+27.93%	+22.37%+25.92%	+22.97%+25.26%	+24.72%+25.74%
Max drawdown	IWO DWAS	-7.65%-15.46%	-14.82%-15.46%	-28.47%-33.75%	-40.45%-33.75%
Max drawdown duration	IWO DWAS	44d73d	84d73d	280d436d	1409d436d

Trading data

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	IWO	DWAS
Last sale 9/14/2026 at 5:10 PM	$367.18	$108.66
Previous close 09/11/2026	$367.63	$109.98
Consolidated volume 09/11/2026
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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	IWO	DWAS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/14/2026 at 5:10 PM

Live

Closed

	IWO	DWAS
Last price	$367.18	$108.66
1D performance	-0.12%	-1.20%
AuM	$14.39 B	$415.99 M
E/R	0.24%	0.6%

Characteristics

	IWO	DWAS
Management strategy	Passive	Passive
Provider	iShares	Invesco
Benchmark	Russell 2000 Growth Index	Dorsey Wright SmallCap Technical Leaders Index
N° of holdings	1095	200
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 24, 2000	July 19, 2012
ESG	No	No

More IWO data on Trackinsight

More DWAS data on Trackinsight

Exposure

Countries

IWO

USA

96.07%

Other

3.93%

DWAS

USA

99.55%

Other

0.45%

Sectors

IWO

Healthcare

29.4%

Technology

17.79%

Industrials

13.73%

Finance

13.29%

Other

25.79%

DWAS

Healthcare

28.46%

Technology

19.02%

Finance

14.73%

Industrials

14.3%

Other

23.5%

Diversification

IWO

Total weight of top 15 holdings out of 15

8.65%

DWAS

Total weight of top 15 holdings out of 15

18.63%

Top 15 holdings

Data as of July 31, 2026

IWO

Moog, Inc.

0.76%

BrightSpring Health Services, Inc.

0.76%

Glaukos Corp.

0.62%

Krystal Biotech, Inc.

0.61%

Brinker International, Inc.

0.58%

Crinetics Pharmaceuticals, Inc.

0.55%

HealthEquity, Inc.

0.55%

JFrog Ltd.

0.54%

Protagonist Therapeutics, Inc.

0.54%

StoneX Group, Inc.

0.54%

Ryman Hospitality Properties, Inc.

0.53%

FirstCash Holdings, Inc.

0.53%

ESCO Technologies, Inc.

0.53%

Argan, Inc.

0.51%

InterDigital, Inc.

0.50%

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 IWO and DWAS

How have the IWO and DWAS ETFs performed in 2026?

As of September 11, 2026, IWO is up 13.91% year-to-date (YTD), while DWAS has returned 13.74%. That puts IWO better performer ahead so far this year.

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

Year-to-date, the IWO ETF saw -$570M in flows, compared to -$401M for DWAS.

Which ETF is more volatile: IWO or DWAS?

Over the past year, IWO had a volatility of 22.37%, while DWAS experienced 25.92%.

Which ETF is bigger: IWO or DWAS?

As of September 11, 2026, IWO holds $14.39 B in assets under management (AUM), while DWAS manages $415.99 M.

What sectors do the IWO and DWAS ETFs invest in?

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

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

IWO top holdings include Moog, Inc., BrightSpring Health Services, Inc. and Glaukos Corp.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..

IWOvsDWASETF Comparison

iShares Russell 2000 Growth ETF

Invesco DWA SmallCap Momentum ETF

IWO 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

How have the IWO and DWAS ETFs performed in 2026?

As of September 11, 2026, IWO is up 13.91% year-to-date (YTD), while DWAS has returned 13.74%. That puts IWO better performer ahead so far this year.

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

Year-to-date, the IWO ETF saw -$570M in flows, compared to -$401M for DWAS.

Which ETF is more volatile: IWO or DWAS?

Over the past year, IWO had a volatility of 22.37%, while DWAS experienced 25.92%.

Which ETF is bigger: IWO or DWAS?

As of September 11, 2026, IWO holds $14.39 B in assets under management (AUM), while DWAS manages $415.99 M.

What sectors do the IWO and DWAS ETFs invest in?

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

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

IWO top holdings include Moog, Inc., BrightSpring Health Services, Inc. and Glaukos Corp.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..

Which ETF is more diversified: IWO or DWAS?

IWO holds 1102 securities with 8.65% of its assets in the top 15. DWAS has 200 securities and a top 15 weight of 18.63%.

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