The DWA NASDAQ Momentum Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. An extremely similar return profile for DWAQ can be found in at least 1 other fund we are tracking.

Within the PowerShares family of funds, the most positively correlated other funds are DWA Technology Momentum Portfolio, Fundamental Pure Small Growth Portfolio, Dynamic Market Portfolio, DWA Momentum Portfolio, S&P SmallCap Consumer Discretionary Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are iShares - Micro-Cap ETF, SPDR - S&P Software & Services, Schwab - Small-Cap Core, Vanguard Mutual Funds - Strategic Equity, Vanguard Mutual Funds - Windsor.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to PowerShares's DWA NASDAQ Momentum Portfolio fund: PowerShares - DWA Technology Momentum Portfolio. The correlation between their daily movements is 99.2%.

Performance for the previous 2 years

Positively Correlated PowerShares ETFs
PTF PowerShares DWA Technology Momentum Portfolio 99.2%
PXSG PowerShares Fundamental Pure Small Growth Portfolio 98.6%
PWC PowerShares Dynamic Market Portfolio 98.2%
PDP PowerShares DWA Momentum Portfolio 98.1%
PSCD PowerShares S&P SmallCap Consumer Discretionary Portfolio 97.7%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -61.9%
UDN PowerShares DB US Dollar Index Bearish Fund -59.1%
DBO PowerShares DB Oil Fund -44.3%
DBC PowerShares DB Commodity Index Tracking Fund -39.9%
DBA PowerShares DB Agriculture Fund -39.3%

Positively Correlated Non-PowerShares funds
IWC iShares Micro-Cap ETF 98.7%
XSW SPDR S&P Software & Services 98.5%
SCHA Schwab Small-Cap Core 98.3%
VSEQX Vanguard Mutual Funds Strategic Equity 98.3%
VWNDX Vanguard Mutual Funds Windsor 98.2%
Negatively Correlated Non-PowerShares funds
RING iShares MSCI Global Gold Miners ETF -89.6%
SLVP iShares MSCI Global Silver Miners ETF -88.3%
EWZS iShares MSCI Brazil Small-Cap ETF -81.8%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -75.4%
EEML iShares MSCI Emerging Markets Latin America ETF -73.9%

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