DWAS Performance — Invesco Dorsey Wright SmallCap Momentum ETF
Data updated: 2026-07-30
DWAS returned +20.16% year to date and +42.93% over one year to May 2026. Annualised returns are +17.93% over 3 years and +6.64% over 5 years. The fund beat its US Small Blend category average: $100 invested three years ago grew to $164, against $160 for the category, and to $143 over one year, against $132. Volatility over the past three years was 21.66% a year. In the 12 months to May 2026 the fund lost a net $441.7M, and assets reached $417.39M.
DWAS Growth of $100
What $100 invested in Invesco Dorsey Wright SmallCap Momentum ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | DWAS | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $143 | $132 |
| 3 years (Jun 2023 – May 2026) | $164 | $160 |
| 5 years (Jun 2021 – May 2026) | $138 | $135 |
| Since data start (Sep 2019 – May 2026) | $226 | $206 |
DWAS Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.16% |
| 1 year | +42.93% |
| 3 years (annualised) | +17.93% |
| 5 years (annualised) | +6.64% |
DWAS Annual Returns
Calendar-year total returns of Invesco Dorsey Wright SmallCap Momentum ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +20.16% |
| 2025 | +5.98% |
| 2024 | +9.86% |
| 2023 | +16.84% |
| 2022 | −18.49% |
| 2021 | +19.98% |
| 2020 | +32.02% |
| 2019 (Sep–Dec) | +7.27% |
DWAS Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.0% | +3.0% | −3.9% | +13.8% | +3.6% | — | — | — | — | — | — | — |
| 2025 | +1.7% | −8.3% | −8.4% | −1.6% | +6.0% | +4.5% | −0.5% | +5.5% | +3.4% | +1.9% | +3.6% | −0.7% |
| 2024 | −1.0% | +8.6% | +0.9% | −8.0% | +5.4% | −3.4% | +8.5% | 0.0% | +1.1% | −1.8% | +12.5% | −10.8% |
| 2023 | +5.9% | −0.3% | −4.2% | −2.5% | +0.9% | +8.8% | +5.6% | −3.5% | −6.2% | −7.3% | +8.9% | +11.7% |
| 2022 | −11.7% | +3.7% | +2.9% | −6.5% | +1.3% | −15.3% | +11.3% | +0.8% | −9.9% | +13.1% | +0.5% | −6.2% |
| 2021 | +7.2% | +6.7% | −1.3% | +0.1% | +2.5% | +2.9% | −5.4% | +2.7% | +0.7% | +7.1% | −5.0% | +1.1% |
| 2020 | −2.8% | −5.9% | −21.6% | +12.7% | +11.0% | +4.7% | +6.4% | +4.2% | +0.1% | 0.0% | +18.0% | +7.4% |
| 2019 | — | — | — | — | — | — | — | — | −6.1% | +2.9% | +5.3% | +5.5% |
DWAS Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 21.66%
- 3-year Sharpe ratio: 0.62 (vs 4.5% risk-free rate)
- Best month: +13.79% (Apr 2026)
- Worst month: −10.83% (Dec 2024)
DWAS Fund Flows
Monthly money in and out of Invesco Dorsey Wright SmallCap Momentum ETF, from SEC Form N-PORT.
- 12-month net flow: −$441.7M
- 12-month gross sales (incl. reinvestments): $268.5M
- Sales ÷ redemptions: 0.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $6.9M | −$6.9M |
| Apr 2026 | $3.4M | $1.1M | $2.3M |
| Mar 2026 | $0 | $12.7M | −$12.7M |
| Feb 2026 | $46 | $23.4M | −$23.4M |
| Jan 2026 | $5.0M | $424.7M | −$419.7M |
| Dec 2025 | $44.2M | $2.9M | $41.3M |
| Nov 2025 | $11.0M | $11.2M | −$196K |
| Oct 2025 | $12.0M | $190.3M | −$178.2M |
| Sep 2025 | $180.8M | $7.4M | $173.5M |
| Aug 2025 | $4.3M | $7.8M | −$3.4M |
| Jul 2025 | $7.7M | $16.9M | −$9.2M |
| Jun 2025 | $0 | $5.0M | −$5.0M |
DWAS Assets Under Management
Net assets of Invesco Dorsey Wright SmallCap Momentum ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $417.39M |
| 2026-02-28 | $386.06M |
| 2025-11-30 | $747.02M |
| 2025-08-31 | $687.83M |
| 2025-05-31 | $644.32M |
| 2025-02-28 | $735.94M |
| 2024-11-30 | $1.11B |
| 2024-08-31 | $965.39M |
| 2024-05-31 | $942.78M |
| 2024-02-29 | $898.82M |
| 2023-11-30 | $675.46M |
| 2023-08-31 | $716.58M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.