DWAS vs VOO
Invesco Dorsey Wright SmallCap Momentum ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DWAS delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DWAS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $434M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 202 | 509 | |
| YTD Return | +21.12% | +13.79% | |
| 1Y Return | +36.48% | +23.01% | |
| 3Y Return (annualized) | +14.28% | +21.78% | |
| 5Y Return (annualized) | +6.91% | +13.39% | |
| Volatility (annualized) | 21.3% | 14.1% | |
| Max Drawdown | -46.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 19, 2012 | Sep 7, 2010 |
DWAS vs VOO Performance
Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DWAS returned +36.48% while VOO returned +23.01%. Year to date, DWAS is up 21.12% versus a gain of 13.79% for VOO.
Over three years, DWAS compounded at +14.28% per year against +21.78% for VOO; over five years the annualized figures are +6.91% and +13.39% respectively. Across the full 14-year window we track, VOO has the edge at +13.57% annualized vs +12.02%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
DWAS and VOO share 3 holdings out of 701 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DWAS or VOO?
DWAS has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, DWAS or VOO?
Over the past year DWAS returned +36.48% vs +23.01% for VOO, so DWAS leads on 1-year performance. Over the longest common window we track (14 years), DWAS annualized +12.02% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, DWAS or VOO?
DWAS has been the more volatile fund at 21.3% annualized versus 14.1% for VOO. Worst drawdown: DWAS -46.2% vs VOO -34.3%.
Should I hold both DWAS and VOO?
DWAS and VOO 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 VOO?
DWAS and VOO share 3 common holdings with a 0.6% weight overlap. Combined, they hold 701 unique securities.
Which pays a higher dividend, DWAS or VOO?
DWAS yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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