Invesco DWA Competition
| DWAS Etf | USD 96.10 0.02 0.02% |
Invesco DWA vs Tortoise Capital Correlation Overview
Weak diversification
The correlation between DWAS and TPYP is 0.33, which Macroaxis classifies as Weak diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with Invesco Etf
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Invesco DWA's price to converge to an average value over time is called mean reversion.
Invesco DWA Competition Correlation Matrix
Correlation analysis between Invesco DWA SmallCap and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Invesco DWA Constituents Risk-Adjusted Indicators
There is a big difference between Invesco Etf performing well and Invesco DWA ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco DWA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFM | 0.45 | 0.03 | 0.07 | -0.01 | 0.60 | 0.93 | 3.17 | |||
| QQQJ | 0.89 | 0.00 | 0.05 | -0.07 | 1.06 | 1.79 | 6.08 | |||
| EQAL | 0.58 | 0.10 | 0.14 | 0.08 | 0.64 | 1.20 | 3.69 | |||
| IUS | 0.49 | 0.06 | 0.10 | 0.04 | 0.66 | 0.90 | 3.00 | |||
| RSPH | 0.72 | -0.02 | 0.00 | -0.07 | 0.00 | 1.44 | 4.51 | |||
| OAKM | 0.71 | 0.00 | 0.00 | -0.05 | 0.00 | 1.69 | 4.04 | |||
| QAI | 0.32 | 0.05 | 0.15 | 0.07 | 0.39 | 0.56 | 2.21 | |||
| RSPN | 0.83 | 0.11 | 0.09 | 0.05 | 1.08 | 1.41 | 4.56 | |||
| DMXF | 0.74 | 0.07 | 0.07 | 0.03 | 1.09 | 1.56 | 5.14 | |||
| TPYP | 0.63 | 0.23 | 0.37 | -3.98 | 0.44 | 1.33 | 3.04 |
Invesco DWA Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze Invesco DWA Against Peers
Invesco DWA's peer analysis compares Invesco DWA with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Invesco DWA trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Invesco DWA leads or lags and what catalysts could close or widen the gap.