SIZE vs DWAS

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

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

SIZE vs DWAS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SIZE

$409M

Winner

DWAS

$410M

Expense Ratio

Winner

SIZE

0.15%

DWAS

0.60%

Max Drawdown

Winner

SIZE

39.15%

DWAS

46.16%

Sharpe Ratio

SIZE

1.03

Winner

DWAS

1.27

5Y Beta

Winner

SIZE

0.87

DWAS

1.24

P/E Ratio

SIZE

27.50

Winner

DWAS

-265.57

Forward P/E

SIZE

17.87

Winner

DWAS

17.24

5Y Dividends CAGR

SIZE

13.39%

Winner

DWAS

25.43%

5Y EPS CAGR

Winner

SIZE

13.09%

DWAS

10.73%

Debt to Equity

SIZE

46.09%

Winner

DWAS

4.47%

P/S Ratio

SIZE

2.12

Winner

DWAS

1.83

P/B Ratio

Winner

SIZE

3.54

DWAS

4.05

SIZE vs DWAS - Holdings Comparison

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

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

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

SIZE vs DWAS - Historical Returns

Returns include dividend reinvestment.

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

Winner

SIZE

+1.80%

DWAS

-3.68%

SIZE

+5.19%

Winner

DWAS

+11.49%

SIZE

+7.90%

Winner

DWAS

+13.72%

SIZE

+17.67%

Winner

DWAS

+35.51%

5Y(CAGR)

Winner

SIZE

+7.89%

DWAS

+5.46%

10Y(CAGR)

SIZE

+11.66%

Winner

DWAS

+12.56%

Max(CAGR)

Winner

SIZE

+11.83%

DWAS

+11.79%

SIZE vs DWAS - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

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

SIZE vs DWAS Drawdown Comparison

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

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

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

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

Correlation

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

0.98

-101

Dividend Comparison (2012 - 2026)

SIZE vs DWAS dividend yield comparison.

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