---
ticker: "DWAS"
name: "Invesco Dorsey Wright SmallCap Momentum ETF"
url: "https://etf.net/etf/DWAS"
grade: "B"
score: 61
graded_at: "2026-10-12"
category: "US Active Momentum"
category_rank: "6 of 22"
methodology: "https://etf.net/methodology"
---

# DWAS: Invesco Dorsey Wright SmallCap Momentum ETF

Grade **B**, Score 61 of 100. Rank 6 of 22 in US Active Momentum.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 60 | 9 of 22 |
| Mission | 43 | 4 of 6 |
| Risk | 22 | 19 of 22 |
| Tradability | 81 | 3 of 22 |
| Holdings | 84 | 2 of 21 |
| Durability | 90 | 3 of 22 |

## Top holdings

The fund holds 203 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | AMRX | Amneal Pharmaceuticals Inc | 1.58% |
| 2 | AAMI | Acadian Asset Management Inc | 1.42% |
| 3 | FEIM | Frequency Electronics Inc | 1.41% |
| 4 | AEHR | Aehr Test Systems | 1.40% |
| 5 | ANRO | Alto Neuroscience Inc | 1.34% |
| 6 | SMTC | Semtech Corp | 1.30% |
| 7 | VCTR | Victory Capital Holdings Inc | 1.26% |
| 8 | ORKA | Oruka Therapeutics Inc | 1.24% |
| 9 | ADPT | Adaptive Biotechnologies Corp | 1.23% |
| 10 | REPL | Replimune Group Inc | 1.19% |
| 11 | TXG | 10X Genomics Inc | 1.14% |
| 12 | XMTR | Xometry Inc | 1.12% |
| 13 | DXPE | DXP Enterprises Inc/TX | 1.09% |
| 14 | INBX | Inhibrx Biosciences Inc | 1.07% |
| 15 | NBN | Northeast Bank | 0.99% |
| 16 | IOVA | Iovance Biotherapeutics Inc | 0.99% |
| 17 | PTGX | Protagonist Therapeutics Inc | 0.93% |
| 18 | RLAY | Relay Therapeutics Inc | 0.90% |
| 19 | PRM | Perimeter Solutions Inc | 0.87% |
| 20 | TWST | Twist Bioscience Corp | 0.83% |
| 21 | PLPC | Preformed Line Products Co | 0.79% |
| 22 | PVLA | Palvella Therapeutics Inc | 0.78% |
| 23 | EZPW | EZCORP Inc | 0.75% |
| 24 | SANM | Sanmina Corp | 0.74% |
| 25 | FET | Forum Energy Technologies Inc | 0.73% |
| 26 | SYRE | Spyre Therapeutics Inc | 0.72% |
| 27 | PARR | Par Pacific Holdings Inc | 0.72% |
| 28 | PACS | PACS Group Inc | 0.68% |
| 29 | PAYS | Paysign Inc | 0.67% |
| 30 | PBI | Pitney Bowes Inc | 0.63% |

Source: etf.net, https://etf.net/etf/DWAS. Please cite the page URL.