DWAS vs SIZE

Comparison between INVESCO DORSEY WRIGHT SMALLCAP MOMENTUM ETF (DWAS, ETF) and ISHARES MSCI USA SIZE FACTOR ETF (SIZE, ETF).

5-Year PerformanceSIZE has outperformed DWAS, delivering a return of +7.9% compared to +5.5%

DWAS vs SIZE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DWAS(ETF)	SIZE(ETF)
Net Assets	$410M	$409M
Expense Ratio	0.60%	0.15%
Max Drawdown	46.16%	39.15%
Sharpe Ratio	1.27	1.03
5Y Beta	1.24	0.87
P/E Ratio	-265.57	27.50
Forward P/E	17.24	17.87
5Y Dividends CAGR	25.43%	13.39%
5Y EPS CAGR	10.73%	13.09%
Debt to Equity	4.47%	46.09%
P/S Ratio	1.83	2.12
P/B Ratio	4.05	3.54

Net Assets

Winner

DWAS

$410M

SIZE

$409M

Expense Ratio

DWAS

0.60%

Winner

SIZE

0.15%

Max Drawdown

DWAS

46.16%

Winner

SIZE

39.15%

Sharpe Ratio

Winner

DWAS

1.27

SIZE

1.03

5Y Beta

DWAS

1.24

Winner

SIZE

0.87

P/E Ratio

Winner

DWAS

-265.57

SIZE

27.50

Forward P/E

Winner

DWAS

17.24

SIZE

17.87

5Y Dividends CAGR

Winner

DWAS

25.43%

SIZE

13.39%

5Y EPS CAGR

DWAS

10.73%

Winner

SIZE

13.09%

Debt to Equity

Winner

DWAS

4.47%

SIZE

46.09%

P/S Ratio

Winner

DWAS

1.83

SIZE

2.12

P/B Ratio

DWAS

4.05

Winner

SIZE

3.54

DWAS vs SIZE - Holdings Comparison

DWAS and SIZE have 3 common holdings. Overlap is 0.60%

DWAS's top 25 holdings weight is 29.51%. SIZE's top 25 holdings weight is 9.59%.

Rank	DWAS	SIZE
#1	SANDISK CORP ORDINARY SHARES (SNDK) - 2.76%	INTEL CORP (INTC) - 0.52%
#2	SEZZLE INC (SEZL) - 2.31%	MICRON TECHNOLOGY INC (MU) - 0.50%
#3	PLANET LABS PBC CLASS A (PL) - 1.99%	WESTERN DIGITAL CORP (WDC) - 0.50%
#4	BEL FUSE INC CLASS B (BELFB) - 1.59%	CIENA CORP (CIEN) - 0.49%
#5	TTM TECHNOLOGIES INC (TTMI) - 1.43%	SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.49%
#6	KODIAK SCIENCES INC (KOD) - 1.34%	ROCKET LAB CORP (RKLB) - 0.48%
#7	TANGO THERAPEUTICS INC (TNGX) - 1.19%	DEVON ENERGY CORP (DVN) - 0.47%
#8	LUMENTUM HOLDINGS INC (LITE) - 1.18%	ON SEMICONDUCTOR CORP (ON) - 0.42%
#9	CELCUITY INC (CELC) - 1.14%	BLOOM ENERGY CORP CLASS A (BE) - 0.42%
#10	AEHR TEST SYSTEMS (AEHR) - 1.14%	FLEX LTD (FLEX) - 0.38%
#11	VIASAT INC (VSAT) - 1.13%	MARVELL TECHNOLOGY INC (MRVL) - 0.37%
#12	GRAHAM CORP (GHM) - 1.09%	CORNING INC (GLW) - 0.37%
#13	MYR GROUP INC (MYRG) - 1.02%	n/a (DELL) - 0.35%
#14	HERITAGE INSURANCE HOLDINGS INC (HRTG) - 1.01%	TERADYNE INC (TER) - 0.35%
#15	ONDAS INC (ONDS) - 0.97%	ASTERA LABS INC (ALAB) - 0.34%
#16	NLIGHT INC (LASR) - 0.94%	KEYSIGHT TECHNOLOGIES INC (KEYS) - 0.33%
#17	NUVALENT INC CLASS A (NUVL) - 0.94%	COMFORT SYSTEMS USA INC (FIX) - 0.33%
#18	AMERICAN PUBLIC EDUCATION INC (APEI) - 0.90%	ECHOSTAR CORP CLASS A (SATS) - 0.32%
#19	n/a (PRAX) - 0.88%	VERTIV HOLDINGS CO CLASS A (VRT) - 0.32%
#20	ARTERIS INC (AIP) - 0.79%	APPLIED MATERIALS INC (AMAT) - 0.31%
#21	ERASCA INC (ERAS) - 0.78%	LAM RESEARCH CORP (LRCX) - 0.31%
#22	TERAWULF INC (WULF) - 0.76%	QNITY ELECTRONICS INC (Q) - 0.31%
#23	ACADIAN ASSET MANAGEMENT INC (AAMI) - 0.75%	TEXAS INSTRUMENTS INC (TXN) - 0.31%
#24	LINCOLN EDUCATIONAL SERVICES CORP (LINC) - 0.74%	CENTENE CORP (CNC) - 0.30%
#25	SEMTECH CORP (SMTC) - 0.74%	JABIL INC (JBL) - 0.30%
Total Holdings	202	542

DWAS vs SIZE - Historical Returns

Returns include dividend reinvestment.

Period	DWAS	SIZE
1 month	-3.68%	+1.80%
3 months	+11.49%	+5.19%
6 months	+13.72%	+7.90%
1 year	+35.51%	+17.67%
5 years(CAGR)	+5.46%	+7.89%
10 years(CAGR)	+12.56%	+11.66%
Max(CAGR)	+11.79%	+11.83%

DWAS

-3.68%

Winner

SIZE

+1.80%

Winner

DWAS

+11.49%

SIZE

+5.19%

Winner

DWAS

+13.72%

SIZE

+7.90%

Winner

DWAS

+35.51%

SIZE

+17.67%

5Y(CAGR)

DWAS

+5.46%

Winner

SIZE

+7.89%

10Y(CAGR)

Winner

DWAS

+12.56%

SIZE

+11.66%

Max(CAGR)

DWAS

+11.79%

Winner

SIZE

+11.83%

DWAS vs SIZE - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	DWAS	SIZE
2026	+15.35%	+7.38%
2025	+5.36%	+10.84%
2024	+10.82%	+14.77%
2023	+19.26%	+18.03%
2022	-18.67%	-15.76%
2021	+21.67%	+27.05%
2020	+32.57%	+15.82%
2019	+31.24%	+29.23%
2018	-10.85%	-6.57%
2017	+20.42%	+18.56%
2016	+12.06%	+15.89%
2015	-2.33%	+1.92%
2014	-0.06%	+16.07%
2013	+45.26%	+16.41%
2012	+6.63%	N/A

DWAS vs SIZE Drawdown Comparison

The maximum drawdown for DWAS was -46.16%, occurring on Mar 18, 2020. Recovery took 115 trading sessions.

The maximum drawdown for SIZE was -39.15%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.

The current DWAS drawdown is -5.15%. The current SIZE drawdown is -1.60%.

Rank	DWAS	SIZE
#1	-46.16% Feb 20, 2020 - Aug 4, 2020	-39.15% Feb 20, 2020 - Oct 12, 2020
#2	-33.83% Nov 11, 2024 - Jan 22, 2026	-24.01% Nov 16, 2021 - Feb 15, 2024
#3	-33.68% Nov 8, 2021 - Nov 6, 2024	-18.71% Nov 29, 2024 - Jul 3, 2025
#4	-32.51% Aug 31, 2018 - Feb 19, 2020	-18.66% Sep 21, 2018 - Mar 21, 2019
#5	-29.53% Jul 22, 2015 - Jun 8, 2017	-12.77% Aug 17, 2015 - Apr 1, 2016
#6	-19.92% Mar 4, 2014 - Mar 16, 2015	-7.97% Feb 26, 2026 - Apr 17, 2026
#7	-16.92% Feb 9, 2021 - Nov 1, 2021	-7.70% Jan 26, 2018 - Aug 17, 2018
#8	-12.55% Nov 1, 2012 - Jan 4, 2013	-7.11% Jul 24, 2019 - Nov 1, 2019
#9	-10.14% Oct 13, 2020 - Nov 5, 2020	-6.97% Sep 8, 2014 - Oct 30, 2014
#10	-10.02% Feb 26, 2026 - Apr 8, 2026	-6.92% Apr 30, 2019 - Jun 20, 2019
#11	-8.74% Mar 12, 2018 - May 18, 2018	-6.51% Mar 28, 2024 - Jul 16, 2024
#12	-8.58% Aug 19, 2020 - Oct 5, 2020	-6.19% Oct 12, 2020 - Nov 5, 2020
#13	-8.30% Dec 26, 2013 - Feb 26, 2014	-6.03% Jul 16, 2024 - Aug 19, 2024
#14	-7.73% Jan 23, 2018 - Mar 7, 2018	-5.71% Oct 27, 2025 - Dec 3, 2025
#15	-6.83% Apr 23, 2015 - Jun 18, 2015	-5.50% May 21, 2013 - Jul 22, 2013

Correlation

Correlation between DWAS and SIZE is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2012 - 2026)

DWAS vs SIZE dividend yield comparison.

Year	DWAS	SIZE
2026	0.00%	0.33%
2025	0.07%	1.50%
2024	0.79%	1.53%
2023	1.42%	1.42%
2022	0.81%	1.59%
2021	0.16%	1.19%
2020	0.21%	1.43%
2019	0.13%	1.35%
2018	0.04%	2.43%
2017	0.20%	1.58%
2016	0.52%	1.88%
2015	0.19%	1.95%
2014	0.05%	1.78%
2013	0.16%	1.41%
2012	0.83%	0.00%