ETF Research

DWAS: INVESCO DORSEY WRIGHT SMALLCAP MOMENTUM ETF

Generated from StockValueFinder data · Updated Oct 11, 2026 11:59 PM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

ETF Education Report: INVESCO DORSEY WRIGHT SMALLCAP MOMENTUM ETF (DWAS)

What this ETF is trying to do

The DWAS ETF focuses on "small-cap momentum." This means the fund looks for smaller companies that have shown strong recent price trends. It holds a variety of different stocks to try and capture that momentum.

What the numbers show

When looking at an ETF, it is important to understand two different types of returns: price return (how much the share price changed) and total return (the share price change plus any cash paid out to investors).

Based on the data provided:

• Year-to-Date (YTD): The price return is approximately 13.66%, while the total return is approximately 13.69%.

• One Year: The price return was approximately 16.98%, and the total return was approximately 17.02%.

• Three Years: The price return was approximately 51.01%, and the total return was approximately 53.93%.

• Five Years: The total return was approximately 25.87%.

To visualize the price change, if you had invested in this ETF roughly one year ago when the estimated price was $94.01, the current price is $109.98.

Income and distribution explanation

Some investors look for "distributions," which is cash paid out by the ETF. DWAS has a distribution yield of approximately 3.22%. The data shows that distributions for this fund are "irregular," meaning they do not happen on a set schedule. In the last 12 months, there was one payout.

It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same as your total return.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the ETF decreases significantly over time. StockValueFinder uses an "erosion-risk score" to help monitor this.

For DWAS, the erosion score is 100, and the label states "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.

Top Holdings

The following are some of the top holdings in this ETF. Please note that this is a partial list and holdings can change over time:

• Frequency Electronics Inc (1.49%)

• Erasca Inc (1.47%)

• Axt Inc (1.40%)

• Semtech Corp (1.01%)

• Graham Corp (1.06%)

Pros

• The ETF has shown positive price returns and total returns over the one-year, three-year, and five-year periods.

• The erosion-risk measurements currently show no signs of price erosion.

Cons

• The distributions are irregular and less frequent, which may not suit investors looking for a steady monthly paycheck.

• Because it focuses on small-cap momentum, the fund's performance depends on the trends of smaller companies.

Beginner takeaway

DWAS is an ETF that tracks small companies with momentum. It has grown in price over the last several years and provides a modest distribution yield. When looking at this fund, remember to distinguish between the share price movement (price return) and the total amount earned including distributions (total return).

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

203 holdings available
# Holding Ticker Weight
1 FREQUENCY ELECTRONICS INC FEIM 1.49%
2 ERASCA INC ERAS 1.47%
3 AXT INC AXTI 1.40%
4 n/a AMRX 1.29%
5 SEZZLE INC SEZL 1.29%
6 BEL FUSE INC CLASS B BELFB 1.27%
7 CLIMB BIO INC CLYM 1.26%
8 TANGO THERAPEUTICS INC TNGX 1.26%
9 AEHR TEST SYSTEMS AEHR 1.22%
10 AGILON HEALTH INC AGL 1.22%
Show all 203 holdings
1. FREQUENCY ELECTRONICS INC FEIM 1.49%
2. ERASCA INC ERAS 1.47%
3. AXT INC AXTI 1.40%
4. n/a AMRX 1.29%
5. SEZZLE INC SEZL 1.29%
6. BEL FUSE INC CLASS B BELFB 1.27%
7. CLIMB BIO INC CLYM 1.26%
8. TANGO THERAPEUTICS INC TNGX 1.26%
9. AEHR TEST SYSTEMS AEHR 1.22%
10. AGILON HEALTH INC AGL 1.22%
11. ORUKA THERAPEUTICS INC ORKA 1.19%
12. ACADIAN ASSET MANAGEMENT INC AAMI 1.16%
13. GRAHAM CORP GHM 1.06%
14. ENOVA INTERNATIONAL INC ENVA 1.02%
15. n/a TXG 1.02%
16. SEMTECH CORP SMTC 1.01%
17. VICTORY CAPITAL HOLDINGS INC CLASS A VCTR 0.97%
18. ADAPTIVE BIOTECHNOLOGIES CORP ADPT 0.91%
19. REPLIMUNE GROUP INC REPL 0.90%
20. XOMETRY INC ORDINARY SHARES CLASS A XMTR 0.90%
21. NORTHEAST BANK NBN 0.87%
22. MYR GROUP INC MYRG 0.83%
23. PERIMETER SOLUTIONS INC PRM 0.82%
24. SELLAS LIFE SCIENCES GROUP INC SLS 0.82%
25. TWIST BIOSCIENCE CORP TWST 0.81%
26. n/a BFLY 0.74%
27. RELAY THERAPEUTICS INC ORDINARY SHARES RLAY 0.74%
28. STONEX GROUP INC SNEX 0.74%
29. LIQUIDIA CORP ORDINARY SHARES LQDA 0.73%
30. PAYSIGN INC PAYS 0.71%
31. TERAWULF INC WULF 0.71%
32. n/a DK 0.69%
33. SANMINA CORP SANM 0.66%
34. ARTERIS INC AIP 0.65%
35. ACM RESEARCH INC CLASS A ACMR 0.62%
36. BRIGHTSPRING HEALTH SERVICES INC BTSG 0.62%
37. PREFORMED LINE PRODUCTS CO PLPC 0.62%
38. TREVI THERAPEUTICS INC TRVI 0.61%
39. ABSCI CORP ABSI 0.60%
40. VSE CORP VSEC 0.60%
41. APPLIED OPTOELECTRONICS INC AAOI 0.59%
42. DIGITAL TURBINE INC APPS 0.58%
43. SPYRE THERAPEUTICS INC SYRE 0.58%
44. ALLIENT INC ALNT 0.57%
45. CORCEPT THERAPEUTICS INC CORT 0.57%
46. n/a MRVI 0.57%
47. EZCORP INC REGISTERED SHS -A- NON VTG EZPW 0.56%
48. n/a HNGE 0.56%
49. GRANITE CONSTRUCTION INC GVA 0.55%
50. WISDOMTREE INC WT 0.55%
51. FORTREA HOLDINGS INC FTRE 0.54%
52. PUMA BIOTECHNOLOGY INC PBYI 0.54%
53. DIGITALOCEAN HOLDINGS INC DOCN 0.53%
54. PACS GROUP INC PACS 0.53%
55. STARLING ONCOLOGY INC STLN 0.53%
56. EDGEWISE THERAPEUTICS INC EWTX 0.51%
57. INTERNATIONAL SEAWAYS INC INSW 0.51%
58. MATSON INC MATX 0.51%
59. RAPPORT THERAPEUTICS INC RAPP 0.51%
60. SENECA FOODS CORP CLASS A SENEA 0.50%
61. THE CHEFS' WAREHOUSE INC CHEF 0.49%
62. UNIQURE NV QURE 0.49%
63. ANTERIX INC ATEX 0.48%
64. COVENANT LOGISTICS GROUP INC CLASS A CVLG 0.48%
65. CRYOPORT INC CYRX 0.48%
66. PITNEY BOWES INC PBI 0.48%
67. ENCORE CAPITAL GROUP INC ECPG 0.47%
68. LIGAND PHARMACEUTICALS INC LGND 0.47%
69. LIQUIDITY SERVICES INC LQDT 0.47%
70. MYERS INDUSTRIES INC MYE 0.47%
71. n/a RSI 0.47%
72. VICTORIA'S SECRET & CO VSXY 0.47%
73. LINDBLAD EXPEDITIONS HOLDINGS INC LIND 0.46%
74. NATIONAL HEALTHCARE CORP NHC 0.46%
75. NEWMARKET CORP NEU 0.46%
76. UNIVERSAL INSURANCE HOLDINGS INC UVE 0.46%
77. VIAVI SOLUTIONS INC VIAV 0.46%
78. PROTO LABS INC PRLB 0.45%
79. SELECT WATER SOLUTIONS INC CLASS A WTTR 0.45%
80. TRAVERE THERAPEUTICS INC ORDINARY SHARES TVTX 0.45%
81. ARCOSA INC ACA 0.44%
82. ARCUS BIOSCIENCES INC RCUS 0.44%
83. AXOGEN INC AXGN 0.44%
84. DIGI INTERNATIONAL INC DGII 0.44%
85. LIFE TIME GROUP HOLDINGS INC LTH 0.44%
86. LINCOLN EDUCATIONAL SERVICES CORP LINC 0.44%
87. UNITED FIRE GROUP INC UFCS 0.44%
88. ENLIVEN THERAPEUTICS INC ELVN 0.43%
89. IRIDIUM COMMUNICATIONS INC IRDM 0.43%
90. MERCHANTS BANCORP MBIN 0.43%
91. n/a SPHR 0.43%
92. n/a MSGS 0.43%
93. OSCAR HEALTH INC CLASS A OSCR 0.43%
94. RYDER SYSTEM INC R 0.43%
95. AMN HEALTHCARE SERVICES INC AMN 0.42%
96. COHU INC COHU 0.42%
97. CUSTOMERS BANCORP INC CUBI 0.42%
98. HANCOCK WHITNEY CORP HWC 0.42%
99. n/a ARQT 0.42%
100. QCR HOLDINGS INC QCRH 0.42%
101. UNITED NATURAL FOODS INC UNFI 0.42%
102. BREAD FINANCIAL HOLDINGS INC BFH 0.41%
103. ENTRAVISION COMMUNICATIONS CORP CLASS A EVC 0.41%
104. FORMFACTOR INC FORM 0.41%
105. INVESTAR HOLDING CORP ISTR 0.41%
106. KRYSTAL BIOTECH INC KRYS 0.41%
107. n/a GRDN 0.41%
108. CITI TRENDS INC CTRN 0.40%
109. ENPRO INC NPO 0.40%
110. HAWKINS INC HWKN 0.40%
111. PENGUIN SOLUTIONS INC PENG 0.40%
112. SMART SAND INC SND 0.40%
113. CARTER BANKSHARES INC CARE 0.39%
114. CLARITEV CORP ORDINARY SHARES CLASS A CTEV 0.39%
115. IES HOLDINGS INC IESC 0.39%
116. MERCURY GENERAL CORP MCY 0.39%
117. MONARCH CASINO & RESORT INC MCRI 0.39%
118. OIL-DRI CORP OF AMERICA ODC 0.39%
119. OUSTER INC ORDINARY SHARES CLASS A OUST 0.39%
120. BENCHMARK ELECTRONICS INC BHE 0.38%
121. INDUSTRIAL LOGISTICS PROPERTIES TRUST ILPT 0.38%
122. MATERION CORP MTRN 0.38%
123. METROPOLITAN BANK HOLDING CORP MCB 0.38%
124. n/a HIMS 0.38%
125. PRICESMART INC PSMT 0.38%
126. STANDEX INTERNATIONAL CORP SXI 0.38%
127. AZZ INC AZZ 0.37%
128. CUSTOM TRUCK ONE SOURCE INC CLASS A CTOS 0.37%
129. FRONTIER GROUP HOLDINGS INC ULCC 0.37%
130. ICHOR HOLDINGS LTD ICHR 0.37%
131. OPENLANE INC OPLN 0.37%
132. PARK AEROSPACE CORP PKE 0.37%
133. PLEXUS CORP PLXS 0.37%
134. SPROUTS FARMERS MARKET INC SFM 0.37%
135. ARCBEST CORP ARCB 0.36%
136. ASPEN AEROGELS INC ASPN 0.36%
137. ASTRANA HEALTH INC ASTH 0.36%
138. FUELCELL ENERGY INC FCEL 0.36%
139. HUDSON PACIFIC PROPERTIES INC HPP 0.36%
140. KNOWLES CORP KN 0.36%
141. LITTELFUSE INC LFUS 0.36%
142. OUTFRONT MEDIA INC OUT 0.36%
143. RIOT PLATFORMS INC RIOT 0.36%
144. ZEVRA THERAPEUTICS INC ZVRA 0.36%
145. DIODES INC DIOD 0.35%
146. MOVADO GROUP INC MOV 0.35%
147. n/a SEI 0.35%
148. n/a ADV 0.35%
149. ALLEGIANT TRAVEL CO ALGT 0.34%
150. ANTERIS TECHNOLOGIES GLOBAL CORP AVR 0.34%
151. CALLAWAY GOLF CO CALY 0.34%
152. CECO ENVIRONMENTAL CORP CECO 0.34%
153. CYTOKINETICS INC CYTK 0.34%
154. ESCO TECHNOLOGIES INC ESE 0.34%
155. ESTABLISHMENT LABS HOLDINGS INC ESTA 0.34%
156. GARRETT MOTION INC ORDINARY SHARES NEW GTX 0.34%
157. GORMAN-RUPP CO GRC 0.34%
158. KAISER ALUMINUM CORP KALU 0.34%
159. ULTRA CLEAN HOLDINGS INC UCTT 0.34%
160. n/a HYLN 0.33%
161. NATURAL GAS SERVICES GROUP INC NGS 0.33%
162. SCHOLASTIC CORP SCHL 0.33%
163. USA TODAY CO INC TDAY 0.33%
164. V2X INC VVX 0.33%
165. A10 NETWORKS INC ATEN 0.32%
166. BLUE BIRD CORP BLBD 0.32%
167. ENERSYS ENS 0.32%
168. NWPX INFRASTRUCTURE INC NWPX 0.32%
169. PDF SOLUTIONS INC PDFS 0.32%
170. RXO INC RXO 0.32%
171. UNITI GROUP INC UNIT 0.32%
172. VISHAY PRECISION GROUP INC VPG 0.32%
173. COMPASS MINERALS INTERNATIONAL INC CMP 0.31%
174. ELEMENT SOLUTIONS INC ESI 0.31%
175. M-TRON INDUSTRIES INC MPTI 0.31%
176. NPK INTERNATIONAL INC NPKI 0.31%
177. PHINIA INC PHIN 0.31%
178. POWELL INDUSTRIES INC POWL 0.31%
179. ELECTROMED INC ELMD 0.30%
180. MERCURY SYSTEMS INC MRCY 0.30%
181. CEVA INC CEVA 0.29%
182. CIPHER DIGITAL INC CIFR 0.29%
183. MOTORCAR PARTS OF AMERICA INC MPAA 0.29%
184. SYNAPTICS INC SYNA 0.29%
185. EXTREME NETWORKS INC EXTR 0.28%
186. INNODATA INC INOD 0.28%
187. TRAEGER INC COOK 0.28%
188. UL SOLUTIONS INC CLASS A COMMON STOCK ULS 0.28%
189. ARGAN INC AGX 0.27%
190. AXCELIS TECHNOLOGIES INC ACLS 0.26%
191. VISHAY INTERTECHNOLOGY INC VSH 0.26%
192. POWER INTEGRATIONS INC POWI 0.25%
193. AVIS BUDGET GROUP INC CAR 0.24%
194. ORION GROUP HOLDINGS INC ORN 0.23%
195. RANPAK HOLDINGS CORP ORDINARY SHARES CLASS A PACK 0.23%
196. ENVELA CORP ELA 0.22%
197. MAYVILLE ENGINEERING CO INC MEC 0.21%
198. VISTANCE NETWORKS INC VISN 0.21%
199. BIOAGE LABS INC BIOA 0.20%
200. INVESCO SHRT-TRM INV GOV&AGCY INSTL AGPXX 0.07%
201. INNVENTURE INC INV 0.05%
202. CASH n/a 0.00%
203. SECURITIES LENDING BNYM n/a 0.00%
Holdings data last updated Oct 7, 2026 6:55 AM .
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