DWAS
Price
$111.01
Change
-$5.74 (-4.92%)
Updated
Jun 5 closing price
Net Assets
416.56M
Intraday BUY SELL Signals
PBW
Price
$40.78
Change
-$4.94 (-10.80%)
Updated
Jun 5 closing price
Net Assets
648.09M
Intraday BUY SELL Signals
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DWAS vs PBW

Header iconDWAS vs PBW Comparison
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Which ETF would AI Choose? Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) vs. Invesco WilderHill Clean Energy ETF (PBW)

Key Takeaways

  • DWAS employs a rules-based momentum strategy targeting approximately 200 small-capitalization U.S. equities, while PBW provides equal-weighted exposure to roughly 70 companies focused on clean energy technologies and conservation.
  • Both ETFs carry elevated expense ratios relative to broad-market peers—0.60% for DWAS and 0.64% for PBW—reflecting their specialized indexing methodologies.
  • DWAS offers diversified sector exposure across healthcare, technology, and industrials within the small-cap universe, whereas PBW concentrates exclusively on the clean energy thematic, introducing higher sector-specific volatility.
  • DWAS rebalances quarterly based on relative strength signals, while PBW follows a modified equal-weight approach within its clean energy index, also rebalanced quarterly.
  • Investors seeking broad small-cap momentum may find DWAS structurally broader, while those targeting policy-driven energy transition themes may prefer PBW’s focused mandate.
  • Liquidity profiles differ, with both funds providing institutional-grade trading access on major U.S. exchanges despite their specialized mandates.

Introduction

Exchange-traded funds (ETFs) DWAS and PBW represent distinct approaches within the U.S. equity landscape. DWAS targets momentum-driven small-capitalization companies across multiple sectors, while PBW delivers thematic exposure to clean energy innovators. They do not compete directly but serve as alternative vehicles for investors pursuing growth-oriented strategies—one emphasizing technical momentum signals and the other capitalizing on the societal shift toward sustainable energy. This comparison highlights structural differences that influence risk, diversification, and positioning amid evolving market cycles.

Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) Overview

The Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) seeks to track the Dorsey Wright SmallCap Momentum Index. It holds approximately 200 small-capitalization securities selected through a proprietary relative strength methodology that ranks stocks based on price momentum. The fund maintains a passive structure with quarterly rebalancing and reconstitution. Sector allocations typically emphasize healthcare, technology, and industrials. The expense ratio stands at 0.60%. As a momentum-focused product, DWAS differentiates itself by systematically tilting toward securities exhibiting persistent upward price trends within the small-cap segment, providing a rules-based approach to capturing leadership rotation.

Invesco WilderHill Clean Energy ETF (PBW) Overview

The Invesco WilderHill Clean Energy ETF (PBW) tracks the WilderHill Clean Energy Index. It holds approximately 68 to 71 U.S.-listed companies engaged in clean energy advancement, conservation, and related technologies, using a modified equal-weight methodology. The fund follows a passive structure with quarterly rebalancing. Its mandate centers exclusively on firms positioned to benefit from the transition to zero-carbon renewables and energy efficiency. The expense ratio is 0.64%. PBW distinguishes itself through concentrated thematic exposure rather than broad market-cap weighting, resulting in a portfolio aligned with policy incentives and technological innovation in the renewable sector.

Industry and Thematic Backdrop

Small-capitalization equities and clean energy technologies operate within distinct yet occasionally overlapping macroeconomic environments. Momentum strategies like that of DWAS respond to earnings cycles, liquidity conditions, and sector rotation patterns across the broader equity market. Clean energy exposure in PBW remains sensitive to regulatory developments, federal incentives, interest rate trajectories, and commodity price movements affecting solar, wind, and battery supply chains. Capital flows into sustainable themes have fluctuated with policy shifts, while small-cap momentum has benefited from periods of economic expansion and risk-on sentiment. Both areas face risks from valuation compression during higher-rate environments and from shifts in investor preference between growth narratives and value-oriented rotations.

Performance and Positioning Comparison

In recent market cycles, DWAS has exhibited behavior tied to small-cap leadership rotations and technical breakout patterns across diversified sectors. Its momentum overlay can amplify participation during periods when smaller companies outperform on relative strength. PBW has shown greater sensitivity to clean energy policy announcements and commodity trends, resulting in sharper moves during periods of accelerated renewable adoption or setbacks. Relative positioning reveals DWAS offering broader diversification that may moderate volatility compared with PBW’s concentrated thematic bet. Over multiple quarters, performance differentials have stemmed from sector momentum versus energy transition catalysts rather than isolated daily fluctuations.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore the AI Screener to uncover additional opportunities aligned with your investment criteria.

Tickeron AI Verdict

Based on observable structural characteristics, DWAS currently presents a modestly higher probability of favorable positioning for investors prioritizing diversified small-cap momentum exposure. Its slightly lower expense ratio, broader sector representation, and systematic selection process across approximately 200 holdings offer a more resilient profile across varied market regimes compared with PBW’s narrower clean energy concentration. The AI assessment weighs cost efficiency, diversification breadth, and trend consistency as primary factors supporting this probabilistic preference.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations

VS
DWAS vs. PBW commentary
Jun 07, 2026

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is DWAS is a Hold and PBW is a Hold.

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SUMMARIES
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FUNDAMENTALS
Fundamentals
PBW has more net assets: 648M vs. DWAS (417M). PBW has a higher annual dividend yield than DWAS: PBW (33.665) vs DWAS (14.723). DWAS was incepted earlier than PBW: DWAS (14 years) vs PBW (21 years). DWAS (0.60) has a lower expense ratio than PBW (0.64). DWAS has a higher turnover PBW (62.00) vs PBW (62.00).
DWASPBWDWAS / PBW
Gain YTD14.72333.66544%
Net Assets417M648M64%
Total Expense Ratio0.600.6494%
Turnover186.0062.00300%
Yield0.010.602%
Fund Existence14 years21 years-
TECHNICAL ANALYSIS
Technical Analysis
DWASPBW
RSI
ODDS (%)
Bearish Trend 2 days ago
90%
Bearish Trend 2 days ago
90%
Stochastic
ODDS (%)
Bearish Trend 2 days ago
76%
Bearish Trend 2 days ago
90%
Momentum
ODDS (%)
Bearish Trend 2 days ago
80%
Bearish Trend 2 days ago
90%
MACD
ODDS (%)
Bearish Trend 2 days ago
86%
Bearish Trend 2 days ago
90%
TrendWeek
ODDS (%)
Bearish Trend 2 days ago
85%
Bearish Trend 2 days ago
90%
TrendMonth
ODDS (%)
Bearish Trend 2 days ago
86%
Bullish Trend 2 days ago
89%
Advances
ODDS (%)
Bullish Trend 10 days ago
87%
Bullish Trend 5 days ago
90%
Declines
ODDS (%)
Bearish Trend 6 days ago
83%
Bearish Trend 19 days ago
90%
BollingerBands
ODDS (%)
Bullish Trend 2 days ago
90%
Bearish Trend 2 days ago
90%
Aroon
ODDS (%)
Bullish Trend 2 days ago
86%
Bullish Trend 2 days ago
90%
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DWAS
Daily Signal:
Gain/Loss:
PBW
Daily Signal:
Gain/Loss:
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PBW and

Correlation & Price change

A.I.dvisor indicates that over the last year, PBW has been closely correlated with ENVX. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if PBW jumps, then ENVX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PBW
1D Price
Change %
PBW100%
-10.80%
ENVX - PBW
66%
Closely correlated
-13.04%
QS - PBW
65%
Loosely correlated
-15.53%
SLDP - PBW
65%
Loosely correlated
-11.90%
BLDP - PBW
64%
Loosely correlated
-18.95%
ACHR - PBW
63%
Loosely correlated
-13.17%
More