Invesco DWA SmallCap Momentum ETF

10-Year Study

DWAS.US · · US · ETF

Executive Summary: Invesco DWA SmallCap Momentum ETF has compounded at 12.1% annually over the last 10 years, with a maximum drawdown of 31.2% and an annualized volatility of 20.7%.

1Y CAGR
+34.8%
3Y CAGR
+11.1%
5Y CAGR
+6.4%
10Y CAGR
+12.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
31.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.49
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.66
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
22.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +32.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -18.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20262.92.9-4.013.93.6-4.5——————14.7%
20251.8-8.3-8.4-1.86.14.5-0.55.63.42.03.5-0.66.1%
2024-0.98.50.9-7.95.4-3.68.8-0.21.2-1.712.6-11.19.8%
20236.1-0.2-4.3-2.40.88.85.8-3.5-6.3-7.39.011.516.9%
2022-11.73.82.7-6.51.5-15.311.30.9-9.913.10.5-6.4-18.5%
20216.96.7-1.00.12.33.2-5.72.80.97.0-5.31.119.8%
2020-2.8-5.8-22.013.410.94.66.34.5-0.0-0.318.37.532.3%
201910.56.5-1.31.0-3.09.11.8-2.9-6.22.85.85.031.4%
20184.4-2.1-0.5-0.18.40.60.69.3-3.1-13.70.4-12.7-10.7%
20170.21.00.01.3-1.04.22.80.97.11.41.9-0.420.8%
2016—————0.96.30.71.9-8.113.01.515.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 20.7%. The dominant macroeconomic risk driver is IJR.US, accounting for 68.5% of variance. Idiosyncratic stock-specific factors contribute 11.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-05-0110000
2016-06-0110091.213461601641
2016-07-0110725.854864867286
2016-08-0110800.193537403791
2016-09-0111006.006230231855
2016-10-0110111.224273413398
2016-11-0111423.366057481802
2016-12-0111591.87501306676
2017-01-0111611.975425528419
2017-02-0111723.856770374441
2017-03-0111723.856770374441
2017-04-0111881.673381737593
2017-05-0111758.29328682064
2017-06-0112254.680887285367
2017-07-0112598.986317980758
2017-08-0112710.89752971008
2017-09-0113610.368587206816
2017-10-0113799.814227985866
2017-11-0114063.867343251128
2017-12-0114007.269599395493
2018-01-0114628.261836992524
2018-02-0114320.632938990915
2018-03-0114251.102834665895
2018-04-0114239.60408459496
2018-05-0115441.83573811522
2018-06-0115539.619914043107
2018-07-0115634.53686917409
2018-08-0117081.19909563077
2018-09-0116543.38612802738
2018-10-0114276.997422487972
2018-11-0114328.75673124882
2018-12-0112511.058213542241
2019-01-0113822.572793061325
2019-02-0114717.056081046772
2019-03-0114524.3549499879
2019-04-0114671.031213879738
2019-05-0114228.105334524023
2019-06-0115522.356855495058
2019-07-0115801.343412410884
2019-08-0115341.154474507119
2019-09-0114395.598816076745
2019-10-0114798.353737392441
2019-11-0115659.893853096744
2019-12-0116438.91177024004
2020-01-0115975.228406990045
2020-02-0115053.625988967173
2020-03-0111743.658514003087
2020-04-0113312.177624328368
2020-05-0114765.350831344695
2020-06-0115443.41868293018
2020-07-0116415.794802564968
2020-08-0117149.086521374233
2020-09-0117147.89184604219
2020-10-0117104.554998372256
2020-11-0120241.2646833065
2020-12-0121751.8719069109
2021-01-0123255.072143456608
2021-02-0124821.022701817998
2021-03-0124571.484891837077
2021-04-0124598.544288107903
2021-05-0125159.05608702015
2021-06-0125953.156780230514
2021-07-0124468.832413931104
2021-08-0125160.429963652
2021-09-0125399.066361228004
2021-10-0127188.899076814636
2021-11-0125757.61829525803
2021-12-0126048.163336011396
2022-01-0123000.87509968072
2022-02-0123874.839838838296
2022-03-0124517.216764878933
2022-04-0122921.548657632928
2022-05-0123260.388448684214
2022-06-0119703.1231799868
2022-07-0121937.166050911084
2022-08-0122134.466681998332
2022-09-0119945.40333732554
2022-10-0122565.95354504971
2022-11-0122670.786305436664
2022-12-0121226.27449457766
2023-01-0122515.717447337214
2023-02-0122471.962463301064
2023-03-0121508.546408656617
2023-04-0120991.75972689722
2023-05-0121166.958864341625
2023-06-0123035.849220026343
2023-07-0124367.314877590576
2023-08-0123504.072349538106
2023-09-0122014.521278661006
2023-10-0120402.48611936599
2023-11-0122243.15227033113
2023-12-0124809.88235434668
2024-01-0124587.8220770028
2024-02-0126687.1354373557
2024-03-0126933.119088223782
2024-04-0124817.826945304776
2024-05-0126153.951836663986
2024-06-0125218.46131790609
2024-07-0127433.68805235067
2024-08-0127374.372422114633
2024-09-0127692.633930571443
2024-10-0127215.51046983594
2024-11-0130641.68998772471
2024-12-0127242.958135589673
2025-01-0127729.370197031825
2025-02-0125422.571598385995
2025-03-0123286.103835206482
2025-04-0122868.02720275731
2025-05-0124253.611652863186
2025-06-0125343.663292704416
2025-07-0125218.073048423175
2025-08-0126628.53661231889
2025-09-0127525.319650318525
2025-10-0128083.8303680496
2025-11-0129072.4242053169
2025-12-0128902.182970500475
2026-01-0129747.415767922364
2026-02-0130622.515448645387
2026-03-0129409.919986619632
2026-04-0133483.76286889334
2026-05-0134702.33170757932
2026-06-0133155.22715258095
Annual Return Matrix
YearAnnual Return
20170.20836961954869393
2018-0.10681677647711041
20190.31395054596150795
20200.32319415122654926
20210.1975136414689671
2022-0.18511435064473458
20230.16882886635073246
20240.09806881574417159
20250.06090472358591703
20260.14715304329854306
Total Factor Risk
0.20687845348981554
VTI.US Exposure
0.31020948790038305
VEA.US Exposure
-0.06495130180040701
VWO.US Exposure
0.0225304485783898
QQQ.US Exposure
-0.14871951257550417
VTV.US Exposure
-0.10207417606034372
IJR.US Exposure
0.6854438627741135
QUAL.US Exposure
0.15738169060879428
SHV.US Exposure
0.0004260410674437877
TLT.US Exposure
0.016448170369689204
LQD.US Exposure
-0.028462099205359498
HYG.US Exposure
0.002791048252170679
GLD.US Exposure
0.014255141413547322
USO.US Exposure
0.006197335188397284
VNQ.US Exposure
-0.0789106993489441
BTC-USD.CC Exposure
-0.0030324258405286754
CPER.US Exposure
-0.006836415717030118
VIX.INDX Exposure
0.025639862779505914
UUP.US Exposure
-0.00013538202004559455
TIP.US Exposure
0.07694499863515569
Idiosyncratic Exposure
0.11485392500057236
Value Score
28.4
Growth Score
50
Profit Score
75
Health Score
21
Yield Score
0.1
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
20.7%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →19.1x
Forward P/EForward P/E RatioA valuation metric that compares the current stock price to estimated future earnings per share.Click for full definition →Fairly Valued19.1x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.01%
Squeeze RiskShort Squeeze RiskA situation where a sharp rise in the price of a stock forces short sellers to buy shares to cover their positions, further driving up the price.Click for full definition →Low
Market Cap$3.8B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
2.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.05
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators: distance from 50/200-Day SMA, 52-Week High proximity, Golden Cross trend signal, RSI momentum gauge, Fibonacci retracement levels, and Beta (market sensitivity).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+2.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+12.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
5.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.38
Market sensitivity coefficient
Trend SignalGolden Cross & Death CrossTechnical chart patterns that occur when a short-term moving average crosses over a long-term moving average.Click for full definition →
✦ Golden Cross
Bullish — 50 SMA above 200 SMA
RSI (14-Day)Relative Strength Index (RSI)A momentum oscillator that measures the speed and change of price movements to identify overbought or oversold conditions.Click for full definition →
46
OversoldNeutralOverbought
Neutral
Fibonacci LevelsFibonacci RetracementTechnical levels based on mathematical ratios that indicate potential support and resistance areas.Click for full definition →
38.2% retracement+7.8%
50.0% retracement+12.5%
61.8% retracement+17.7%
% distance of current price from each 52-week Fibonacci support level.

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Frequently Asked Questions & Methodology

Is Invesco DWA SmallCap Momentum ETF a high-risk investment?

Invesco DWA SmallCap Momentum ETF (DWAS.US) has an annualized volatility of 20.7% and experienced a maximum drawdown of 31.2% over the last 10 years. Its primary macro risk driver is IJR.US.

What is the 10-year return of DWAS.US?

Over the past 10 years, DWAS.US has generated a Compound Annual Growth Rate (CAGR) of 12.1%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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