The DWA Financial Momentum Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. This fund has 13 other funds which are extremely similar to it.

Within the PowerShares family of funds, the most positively correlated other funds are S&P SmallCap Financials Portfolio, S&P SmallCap Industrials Portfolio, Fundamental Pure Large Value Portfolio, S&P SmallCap Consumer Discretionary Portfolio, S&P SmallCap Information Technology Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are iShares - Russell Top 200 Value ETF, Schwab - Multi-Cap Core, Schwab - Mid-Cap Core, Schwab - Large-Cap Core, iShares - MSCI USA ETF.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's DWA Financial Momentum Portfolio fund.
99.4% IWX iShares Russell Top 200 Value ETF
99.4% SCHB Schwab Multi-Cap Core
99.3% SCHM Schwab Mid-Cap Core
99.3% SCHX Schwab Large-Cap Core
99.2% EUSA iShares MSCI USA ETF
99.2% IWL iShares Russell Top 200 ETF
99.2% VMVAX Vanguard Mutual Funds Mid-Cap Value Index Admiral
99.2% FSCKX Fidelity Spartan Mid-Cap Index Fund - Fidelity Advantage Class
99.2% FSCLX Fidelity Spartan Mid-Cap Index Fund - Investor Class
99.2% SCHV Schwab Large-Cap Value
99.2% VFFVX Vanguard Mutual Funds Target Retirement 2055
99.2% VOO Vanguard S&P 500
99.1% PSCF PowerShares S&P SmallCap Financials Portfolio

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PSCF PowerShares S&P SmallCap Financials Portfolio 99.1%
PSCI PowerShares S&P SmallCap Industrials Portfolio 98.9%
PXLV PowerShares Fundamental Pure Large Value Portfolio 98.9%
PSCD PowerShares S&P SmallCap Consumer Discretionary Portfolio 98.8%
PSCT PowerShares S&P SmallCap Information Technology Portfolio 98.1%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -71.9%
UDN PowerShares DB US Dollar Index Bearish Fund -60.8%
DBO PowerShares DB Oil Fund -42.5%
LALT PowerShares Multi-Strategy Alternative Portfolio -41.8%
DBA PowerShares DB Agriculture Fund -40.3%

Positively Correlated Non-PowerShares funds
IWX iShares Russell Top 200 Value ETF 99.4%
SCHB Schwab Multi-Cap Core 99.4%
SCHM Schwab Mid-Cap Core 99.3%
SCHX Schwab Large-Cap Core 99.3%
EUSA iShares MSCI USA ETF 99.2%
Negatively Correlated Non-PowerShares funds
RING iShares MSCI Global Gold Miners ETF -91.8%
SLVP iShares MSCI Global Silver Miners ETF -89.7%
EWZS iShares MSCI Brazil Small-Cap ETF -81.7%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -78.3%
ERUS iShares MSCI Russia Capped ETF -77.7%

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