DWAS vs IVV
Invesco Dorsey Wright SmallCap Momentum ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DWAS delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DWAS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $434M | $865.2B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 202 | 508 | |
| YTD Return | +21.28% | +13.43% | |
| 1Y Return | +36.66% | +22.61% | |
| 3Y Return (annualized) | +14.33% | +21.47% | |
| 5Y Return (annualized) | +7.01% | +13.26% | |
| Volatility (annualized) | 21.3% | 15.1% | |
| Max Drawdown | -46.2% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 19, 2012 | May 15, 2000 |
DWAS vs IVV Performance
Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DWAS returned +36.66% while IVV returned +22.61%. Year to date, DWAS is up 21.28% versus a gain of 13.43% for IVV.
Over three years, DWAS compounded at +14.33% per year against +21.47% for IVV; over five years the annualized figures are +7.01% and +13.26% respectively. Across the full 14-year window we track, DWAS has the edge at +12.03% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DWAS has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.2% for DWAS and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DWAS charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, DWAS currently yields 0.00% against 1.09% for IVV.
Holdings Overlap
DWAS and IVV share 4 holdings out of 700 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DWAS or IVV?
DWAS has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, DWAS or IVV?
Over the past year DWAS returned +36.66% vs +22.61% for IVV, so DWAS leads on 1-year performance. Over the longest common window we track (14 years), DWAS annualized +12.03% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, DWAS or IVV?
DWAS has been the more volatile fund at 21.3% annualized versus 15.1% for IVV. Worst drawdown: DWAS -46.2% vs IVV -56.5%.
Should I hold both DWAS and IVV?
DWAS and IVV have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DWAS and IVV?
DWAS and IVV share 4 common holdings with a 1.1% weight overlap. Combined, they hold 700 unique securities.
Which pays a higher dividend, DWAS or IVV?
DWAS yields 0.00% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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