DWAS vs DFNL
Comparison between INVESCO DORSEY WRIGHT SMALLCAP MOMENTUM ETF (DWAS, ETF) and DAVIS SELECT FINANCIAL ETF (DFNL, ETF).
5-Year PerformanceDFNL has outperformed DWAS, delivering a return of +13.9% compared to +7.3%
DWAS vs DFNL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
DWAS
$455M
Winner
DFNL
$455M
Expense Ratio
Winner
DWAS
0.60%
DFNL
0.61%
Max Drawdown
DWAS
46.16%
Winner
DFNL
45.70%
Sharpe Ratio
Winner
DWAS
1.26
DFNL
0.88
5Y Beta
DWAS
1.25
Winner
DFNL
0.80
P/E Ratio
DWAS
45.09
Winner
DFNL
18.15
Forward P/E
DWAS
20.36
Winner
DFNL
12.92
PEG Ratio
DWAS
N/A
DFNL
0.37
5Y Dividends CAGR
Winner
DWAS
25.43%
DFNL
13.72%
5Y EPS CAGR
Winner
DWAS
13.86%
DFNL
6.90%
Debt to Equity
Winner
DWAS
14.15%
DFNL
45.03%
P/S Ratio
Winner
DWAS
1.43
DFNL
2.52
P/B Ratio
DWAS
4.07
Winner
DFNL
1.54
DWAS vs DFNL - Holdings Comparison
DWAS and DFNL have 1 common holdings. Overlap is 0.00%
DWAS's top 25 holdings weight is 26.30%. DFNL's top 25 holdings weight is 94.65%.
| Rank | DWAS | DFNL |
|---|---|---|
| #1 | SEZZLE INC (SEZL) - 1.98% | CAPITAL ONE FINANCIAL CORP (COF) - 10.49% |
| #2 | ERASCA INC (ERAS) - 1.61% | U.S. BANCORP (USB) - 6.33% |
| #3 | AGILON HEALTH INC (AGL) - 1.44% | FIFTH THIRD BANCORP (FITB) - 6.10% |
| #4 | TANGO THERAPEUTICS INC (TNGX) - 1.34% | MARKEL GROUP INC (MKL) - 6.03% |
| #5 | ENOVA INTERNATIONAL INC (ENVA) - 1.31% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 5.11% |
| #6 | GRAHAM CORP (GHM) - 1.30% | WELLS FARGO & CO (WFC) - 4.98% |
| #7 | BEL FUSE INC CLASS B (BELFB) - 1.26% | PNC FINANCIAL SERVICES GROUP INC (PNC) - 4.94% |
| #8 | MYR GROUP INC (MYRG) - 1.14% | JULIUS BAER GRUPPE AG (n/a) - 4.50% |
| #9 | CLIMB BIO INC (CLYM) - 1.06% | CHUBB LTD (CB) - 4.45% |
| #10 | n/a (AMRX) - 1.05% | JPMORGAN CHASE & CO (JPM) - 4.32% |
| #11 | FREQUENCY ELECTRONICS INC (FEIM) - 1.04% | AMERICAN EXPRESS CO (AXP) - 3.60% |
| #12 | ORUKA THERAPEUTICS INC (ORKA) - 0.99% | LOEWS CORP (L) - 3.08% |
| #13 | AXT INC (AXTI) - 0.94% | RENAISSANCERE HOLDINGS LTD (RNR) - 2.99% |
| #14 | SELLAS LIFE SCIENCES GROUP INC (SLS) - 0.94% | DBS GROUP HOLDINGS LTD (n/a) - 2.98% |
| #15 | LINCOLN EDUCATIONAL SERVICES CORP (LINC) - 0.88% | ROCKET COMPANIES INC ORDINARY SHARES CLASS A (RKT) - 2.59% |
| #16 | PERIMETER SOLUTIONS INC (PRM) - 0.86% | DANSKE BANK AS (n/a) - 2.58% |
| #17 | ACADIAN ASSET MANAGEMENT INC (AAMI) - 0.85% | BANK OF AMERICA CORP (BAC) - 2.45% |
| #18 | ARTERIS INC (AIP) - 0.85% | BANK OF NEW YORK MELLON CORP (BNY) - 2.40% |
| #19 | NORTHEAST BANK (NBN) - 0.82% | EXOR NV (n/a) - 2.35% |
| #20 | TERAWULF INC (WULF) - 0.81% | TRUIST FINANCIAL CORP (TFC) - 2.33% |
| #21 | STONEX GROUP INC (SNEX) - 0.80% | EVEREST GROUP LTD (EG) - 2.25% |
| #22 | AEHR TEST SYSTEMS (AEHR) - 0.78% | STATE STREET CORP (STT) - 2.12% |
| #23 | LIQUIDIA CORP ORDINARY SHARES (LQDA) - 0.77% | CHIME FINANCIAL INC ORDINARY SHARES CLASS A (CHYM) - 1.97% |
| #24 | VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 0.75% | BANK OF N.T BUTTERFIELD & SON LTD (n/a) - 1.91% |
| #25 | ACM RESEARCH INC CLASS A (ACMR) - 0.73% | DNB BANK ASA (n/a) - 1.80% |
| Total Holdings | 202 | 31 |
DWAS vs DFNL - Historical Returns
Returns include dividend reinvestment.
1M
DWAS
-3.80%
Winner
DFNL
+4.34%
3M
DWAS
+3.93%
Winner
DFNL
+6.39%
6M
Winner
DWAS
+14.03%
DFNL
+5.54%
1Y
Winner
DWAS
+35.62%
DFNL
+15.87%
5Y(CAGR)
DWAS
+7.26%
Winner
DFNL
+13.89%
10Y(CAGR)
Winner
DWAS
+12.58%
DFNL
+12.45%
Max(CAGR)
DWAS
+12.04%
Winner
DFNL
+12.45%
DWAS vs DFNL - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | DWAS | DFNL |
|---|---|---|
| 2026 | +20.79% | +3.72% |
| 2025 | +5.36% | +29.18% |
| 2024 | +10.82% | +28.12% |
| 2023 | +19.26% | +13.50% |
| 2022 | -18.67% | -9.76% |
| 2021 | +21.67% | +32.55% |
| 2020 | +32.57% | -5.87% |
| 2019 | +31.24% | +26.20% |
| 2018 | -10.85% | -11.18% |
| 2017 | +20.42% | +20.47% |
| 2016 | +12.06% | N/A |
| 2015 | -2.33% | N/A |
| 2014 | -0.06% | N/A |
| 2013 | +45.26% | N/A |
| 2012 | +6.63% | N/A |
DWAS vs DFNL Drawdown Comparison
The maximum drawdown for DWAS was -46.16%, occurring on Mar 18, 2020. Recovery took 115 trading sessions.
The maximum drawdown for DFNL was -44.51%, occurring on Mar 23, 2020. Recovery took 259 trading sessions.
The current DWAS drawdown is -8.70%. The current DFNL drawdown is -2.21%.
| Rank | DWAS | DFNL |
|---|---|---|
| #1 | -46.16% Feb 20, 2020 - Aug 4, 2020 | -44.51% Jan 2, 2020 - Jan 12, 2021 |
| #2 | -33.83% Nov 11, 2024 - Jan 22, 2026 | -26.27% Feb 9, 2022 - Feb 29, 2024 |
| #3 | -33.68% Nov 8, 2021 - Nov 6, 2024 | -21.13% Jan 26, 2018 - Nov 4, 2019 |
| #4 | -32.51% Aug 31, 2018 - Feb 19, 2020 | -16.05% Feb 6, 2025 - May 13, 2025 |
| #5 | -29.53% Jul 22, 2015 - Jun 8, 2017 | -12.94% Jan 6, 2026 - Jul 1, 2026 |
| #6 | -19.92% Mar 4, 2014 - Mar 16, 2015 | -9.36% Oct 22, 2021 - Jan 7, 2022 |
| #7 | -16.92% Feb 9, 2021 - Nov 1, 2021 | -8.80% Jun 4, 2021 - Aug 11, 2021 |
| #8 | -12.55% Nov 1, 2012 - Jan 4, 2013 | -8.49% Jan 14, 2021 - Feb 16, 2021 |
| #9 | -10.14% Oct 13, 2020 - Nov 5, 2020 | -7.94% Nov 29, 2024 - Jan 27, 2025 |
| #10 | -10.02% Feb 26, 2026 - Apr 8, 2026 | -7.45% Jul 30, 2024 - Aug 23, 2024 |
| #11 | -9.43% Jun 30, 2026 - Jul 20, 2026 | -7.09% Aug 12, 2021 - Oct 8, 2021 |
| #12 | -8.74% Mar 12, 2018 - May 18, 2018 | -6.54% Jan 13, 2022 - Feb 9, 2022 |
| #13 | -8.58% Aug 19, 2020 - Oct 5, 2020 | -6.53% Mar 28, 2024 - May 8, 2024 |
| #14 | -8.30% Dec 26, 2013 - Feb 26, 2014 | -6.31% Mar 1, 2017 - Jun 13, 2017 |
| #15 | -7.73% Jan 23, 2018 - Mar 7, 2018 | -5.61% Sep 18, 2025 - Nov 11, 2025 |
Correlation
Correlation between DWAS and DFNL is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
Dividend Comparison (2012 - 2025)
DWAS vs DFNL dividend yield comparison.
| Year | DWAS | DFNL |
|---|---|---|
| 2025 | 0.07% | 1.37% |
| 2024 | 0.79% | 2.19% |
| 2023 | 1.42% | 2.33% |
| 2022 | 0.81% | 3.34% |
| 2021 | 0.16% | 2.45% |
| 2020 | 0.21% | 1.45% |
| 2019 | 0.13% | 2.52% |
| 2018 | 0.04% | 3.12% |
| 2017 | 0.20% | 1.10% |
| 2016 | 0.52% | 0.00% |
| 2015 | 0.19% | 0.00% |
| 2014 | 0.05% | 0.00% |
| 2013 | 0.16% | 0.00% |
| 2012 | 0.83% | 0.00% |
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