ETFIQ
RankingsCompareHoldingsResearch
My portfolioWeekly note

DWAS · Invesco Dorsey Wright SmallCap Momentum ETF

Equity fundTracks an index0.60% fee$408mSince Jul 19, 2012Fund page at the issuer ↗SEC filings ↗
Share on XDownload as PDFCompareAdd to portfolioAlerts

DWAS tracks an index and returned +16.9% over the past year.

+16.9%
Total return, 1 year
0.60%
Expense ratio
202
Holdings
−14.3%
Below its high
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3M Jul 2 – Oct 2, 2026−9.4%+3.6%−13.0 pts−14.7 pts
6M Apr 2 – Oct 2, 2026+7.8%+17.9%−10.2 pts−20.6 pts
1Y Oct 2, 2025 – Oct 2, 2026+16.9%+16.2%+0.7 pts−7.4 pts
3Y Oct 3, 2023 – Oct 2, 2026+53.9%+89.3%−35.4 pts−60.9 pts
Since listing Jul 19, 2012 – Oct 2, 2026+361.7%+614.9%−253.1 pts−840.0 pts

DWAS over each window to Oct 2, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.

DWAS top ten by weight, 14.1% of its 202 equity positions, from the holdings published by its issuer for Oct 3, 2026. An index fund holds what the index holds, so this is the index. Source: the issuer’s own daily file.

Aehr Test Systems AEHR 1.74%
Frequency Electronics Inc FEIM 1.59%
Amneal Pharmaceuticals Inc AMRX 1.58%
Acadian Asset Management Inc AAMI 1.41%
Alto Neuroscience Inc ANRO 1.34%
Semtech Corp SMTC 1.33%
10X Genomics Inc TXG 1.29%
Adaptive Biotechnologies Corp ADPT 1.29%
Oruka Therapeutics Inc ORKA 1.25%
Victory Capital Holdings Inc VCTR 1.25%
Holdings, the issuer’s own daily file ↗
Head to head
Funds near this one
ACWIACWXAIRRAORAVDVAVEM

In plain words

DWAS tracks an index. Over the year to Oct 2, 2026 it returned +16.9% with distributions reinvested, against +16.2% for the S&P 500 and +24.3% for the Nasdaq-100. The prospectus expense ratio is 0.60% a year. By its holdings published by its issuer for Oct 3, 2026, 5% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 14.1%. It sat 14.3% below its high of Jun 30, 2026 on Oct 2, 2026.
What it tracksnot read by ETFIQ
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. small-cap blend
Expense ratio (485BPOS XBRL, Dec 18, 2025)0.60%
Price$109.11
Listed sinceJul 19, 2012
Net assets (the issuer’s daily holdings, added up, as of Oct 3, 2026)$408m
Below its high (ETFIQ)−14.3%
Holdings202
Top ten weight14.1%
Holdings published for (the issuer’s daily file)Oct 3, 2026
Already in the S&P 500, by weight (ETFIQ)4.7%
Active share vs the S&P 500 (ETFIQ)99.4%
Already in the Nasdaq-100, by weight (ETFIQ)4.1%
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Questions people ask about DWAS

How has DWAS performed?
Over the year to Oct 2, 2026, DWAS returned +16.9% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +53.9%.
What does DWAS cost?
The prospectus expense ratio is 0.60% a year.
What does DWAS hold?
202 positions as published by its issuer for Oct 3, 2026, with the top ten at 14.1% of the fund. 5% of its weight is in stocks the S&P 500 also holds.
How far is DWAS below its high?
14.3% below its high of Jun 30, 2026, measured on the reinvested series to Oct 2, 2026.
Sources and dates
Prices, DWAS and S&P 500Tiingo end-of-day · Oct 2, 2026
Fee, 0.60%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $408mThe issuer’s daily holdings, added up · Oct 3, 2026
HoldingsHoldings, the issuer’s own daily file · Oct 3, 2026 ↗
IssuerInvesco page for DWAS ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceInvesco’s own site ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ETFIQ covers core, leveraged and inverse, buffer, thematic, option-income, alternatives and spot crypto ETFs. This fund is here because the other funds here are measured against it and portfolios hold it. ETFIQ is an independent publisher and makes no recommendations. Standards and sources

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, DWAS, core fund, data as of Oct 2, 2026. https://etfiq.com/funds/dwas

Free to use with attribution; the underlying files are at Open data.

Invesco: every fund ETFIQ covers→