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XSHQvsDWASETF Comparison

ETF 1

XSHQ

Invesco S&P SmallCap Quality ETF

This fund is part of

US Multi-Factor

-0.5%

Full XSHQ fund page

VS

ETF 2

DWAS

Invesco DWA SmallCap Momentum ETF

This fund is part of

US Multi-Factor

-0.5%

Full DWAS fund page

Invesco S&P SmallCap Quality ETF (XSHQ) and Invesco DWA SmallCap Momentum ETF (DWAS) belong to the same industry segment: US Multi-Factor. XSHQ's top 3 sector exposures are Finance, Technology and Industrials. In contrast, DWAS's top sector exposures are Healthcare, Technology and Finance. XSHQ is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.6% for DWAS. XSHQ is up 11.15% year-to-date (YTD) with +$26M in YTD flows. DWAS performs better with 11.78% YTD performance, and -$401M in YTD flows. Run a side-by-side ETF comparison of XSHQ 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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XSHQ vs DWAS performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/14/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	XSHQ DWAS	-6.38%-9.53%	-0.84%-9.82%	+11.15%+11.78%	+7.71%+19.90%	+32.43%+39.88%	+39.54%+30.33%
Flows	XSHQ DWAS	-$9M-$14M	+$50M+$26M	+$26M-$401M	-$5M-$400M	+$226M-$511M	+$238M-$213M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	XSHQ DWAS	+14.30%+28.04%	+16.44%+26.01%	+19.78%+25.29%	+20.85%+25.74%
Max drawdown	XSHQ DWAS	-6.88%-15.46%	-9.75%-15.46%	-27.13%-33.75%	-27.13%-33.75%
Max drawdown duration	XSHQ DWAS	41d76d	118d76d	562d436d	562d436d

Trading data

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	XSHQ	DWAS
Last sale 9/15/2026 at 1:30 PM	$46.53	$107.01
Previous close 09/14/2026	$46.63	$108.11
Consolidated volume 09/14/2026
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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	XSHQ	DWAS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/15/2026 at 1:30 PM

Live

Closed

	XSHQ	DWAS
Last price	$46.53	$107.01
1D performance	-0.22%	-1.02%
AuM	$295.87 M	$408.83 M
E/R	0.29%	0.6%

Characteristics

	XSHQ	DWAS
Management strategy	Passive	Passive
Provider	Invesco	Invesco
Benchmark	S&P SmallCap 600 Quality Index	Dorsey Wright SmallCap Technical Leaders Index
N° of holdings	119	200
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	April 6, 2017	July 19, 2012
ESG	No	No

More XSHQ data on Trackinsight

More DWAS data on Trackinsight

Exposure

Countries

XSHQ

USA

96.5%

Other

3.5%

DWAS

USA

99.55%

Other

0.45%

Sectors

XSHQ

Finance

28.85%

Technology

20.66%

Industrials

16.91%

Other

33.58%

DWAS

Healthcare

28.46%

Technology

19.02%

Finance

14.73%

Industrials

14.3%

Other

23.5%

Diversification

XSHQ

Total weight of top 15 holdings out of 15

29.57%

DWAS

Total weight of top 15 holdings out of 15

18.63%

Top 15 holdings

Data as of July 31, 2026

XSHQ

Paycom Software, Inc.

2.59%

Brinker International, Inc.

2.54%

Argan, Inc.

2.49%

Clear Secure, Inc.

2.40%

Dave, Inc.

2.18%

Armstrong World Industries, Inc.

2.14%

Lyft, Inc.

1.86%

Moelis & Co.

1.83%

PJT Partners, Inc.

1.79%

Qorvo, Inc.

1.72%

Zurn Elkay Water Solutions Corp.

1.68%

Corcept Therapeutics, Inc.

1.62%

Artisan Partners Asset Management, Inc.

1.60%

Frontdoor, Inc.

1.56%

MYR Group, Inc.

1.56%

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 XSHQ and DWAS

How have the XSHQ and DWAS ETFs performed in 2026?

As of September 14, 2026, XSHQ is up 11.15% year-to-date (YTD), while DWAS has returned 11.78%. That puts DWAS better performer ahead so far this year.

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

Year-to-date, the XSHQ ETF saw +$26M in flows, compared to -$401M for DWAS.

Which ETF is more volatile: XSHQ or DWAS?

Over the past year, XSHQ had a volatility of 16.44%, while DWAS experienced 26.01%.

Which ETF is bigger: XSHQ or DWAS?

As of September 14, 2026, XSHQ holds $295.87 M in assets under management (AUM), while DWAS manages $408.83 M.

What sectors do the XSHQ and DWAS ETFs invest in?

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

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

XSHQ top holdings include Paycom Software, Inc., Brinker International, Inc. and Argan, Inc.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..

XSHQvsDWASETF Comparison

Invesco S&P SmallCap Quality ETF

Invesco DWA SmallCap Momentum ETF

XSHQ 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 XSHQ and DWAS ETFs performed in 2026?

As of September 14, 2026, XSHQ is up 11.15% year-to-date (YTD), while DWAS has returned 11.78%. That puts DWAS better performer ahead so far this year.

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

Year-to-date, the XSHQ ETF saw +$26M in flows, compared to -$401M for DWAS.

Which ETF is more volatile: XSHQ or DWAS?

Over the past year, XSHQ had a volatility of 16.44%, while DWAS experienced 26.01%.

Which ETF is bigger: XSHQ or DWAS?

As of September 14, 2026, XSHQ holds $295.87 M in assets under management (AUM), while DWAS manages $408.83 M.

What sectors do the XSHQ and DWAS ETFs invest in?

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

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

XSHQ top holdings include Paycom Software, Inc., Brinker International, Inc. and Argan, Inc.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..

Which ETF is more diversified: XSHQ or DWAS?

XSHQ holds 119 securities with 29.57% of its assets in the top 15. DWAS has 200 securities and a top 15 weight of 18.63%.

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