See what your fund actually adds
Invesco Dorsey Wright SmallCap Momentum ETF DWAS
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | DWAS | Replication |
|---|---|---|
| Annualized growth | 4.0% | 8.3% |
| Annualized volatility | 24.1% | 20.3% |
| Sharpe ratio | 0.28 | 0.49 |
| Maximum drawdown | 32.0% | 32.6% |
| Replication fit (R²) | 0.88 · Tracking error 8.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model DWAS’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| IWC | Micro Cap | 60.9% |
| MTUM | Factor · Momentum | 19.2% |
| IJR | US Small Cap | 16.0% |
| XLE | Sector · Energy | 3.9% |