12-Dec-2025
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The Invesco Dorsey Wright SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (Index). The Fund will normally invest at least 90%of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company's market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index. The Fund and the Index are rebalanced and reconstituted quarterly. Effective after the close of markets on Aug. 25, 2023, the Fund's name changed from Invesco DWA SmallCap Momentum ETF to Invesco Dorsey Wright SmallCap Momentum ETF. No other changes were made to the Fund.
Invesco Dorsey Wright Smallcap Momentum ETF trades on the NASDAQ stock market under the symbol DWAS.
As of December 12, 2025, DWAS stock price declined to $99.51 with 15,143 million shares trading.
DWAS has a beta of 1.06, meaning it tends to be more sensitive to market movements. DWAS has a correlation of 0.61 to the broad based SPY ETF.
DWAS has a market cap of $761.22 million. This is considered a Small Cap stock.
In the last 3 years, DWAS traded as high as $104.46 and as low as $66.94.
DWAS has underperformed the market in the last year with a return of +2.5%, while SPY returned +14.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DWAS shares. However, DWAS has outperformed the market in the last 3 month and 2 week periods, returning +10.5% and +2.2%, while SPY returned +4.0% and -0.2%, respectively. This indicates DWAS has been having a stronger performance recently.
DWAS support price is $99.64 and resistance is $103.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DWAS shares will trade within this expected range on the day.
