Invesco Dorsey Wright SmallCap Momentum ETF
Invesco Dorsey Wright SmallCap Momentum ETF (DWAS) Implied Volatility Current
DWAS implied volatility is 24%. IV Rank is 6%, placing current premiums in the bottom of their 52-week range.
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Tracking DWAS implied volatility helps you identify when options premiums on Invesco Dorsey Wright SmallCap Momentum ETF are historically cheap or expensive, and where the best trades are hiding. Invesco Dorsey Wright SmallCap Momentum ETF implied volatility reflects the market's expectation of future price movement: when DWAS IV rises, option premiums increase, creating opportunities for sellers, and when it drops, buyers can find cheaper contracts. Use our scanner to monitor Invesco Dorsey Wright SmallCap Momentum ETF's implied volatility current levels in real time and filter for high-probability trades.
Implied volatility is derived from option prices using models like Black-Scholes and represents the annualized expected move of an underlying stock. For DWAS, tracking metrics like DWAS IV rank helps traders understand whether current implied volatility is historically high or low. IV rank compares today's reading against the past year's range — a high rank on DWAS signals rich premiums and potential mean-reversion, while a low rank may favor long options strategies.
The Invesco Dorsey Wright SmallCap Momentum ETF (Fund) is based on the Dorsey Wright SmallCap Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company’s market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index.
The Fund and the Index are rebalanced and reconstituted quarterly.Effective after the close of markets on Aug. 25, 2023, the Fund’s name will change from Invesco DWA SmallCap Momentum ETF to Invesco Dorsey Wright SmallCap Momentum ETF. No other changes were made to the Fund. See the prospectus for more information.
Premium sellers, directional traders, and spread builders all need the same starting point: a clear read on where DWAS implied volatility sits today versus where it has been. Our scanner ranks Invesco Dorsey Wright SmallCap Momentum ETF implied volatility against its historical range, surfaces extremes in DWAS IV rank, and pairs every reading with the trades that exploit it. Stop guessing whether Invesco Dorsey Wright SmallCap Momentum ETF IV is rich or cheap — measure it, then act on it.
Implied Volatility
IV is compressed vs the past year - options are relatively cheap, favoring buyers.
As of September 16, 2026
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