The DWA Developed Markets Momentum Portfolio fund is an exchange traded fund (ETF) within the PowerShares family.

Within the PowerShares family of funds, the most positively correlated other funds are Global Water Portfolio, BLDRS Developed Markets 100 ADR Index Fund, BLDRS Europe Select ADR Index Fund, S&P International Developed High Quality Portfolio, FTSE RAFI Developed Markets ex-U.S. Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are SPDR - S&P International Industrial Sector, Vanguard Mutual Funds - International Growth, Vanguard Mutual Funds - Developed Markets Index Admiral Shares, Vanguard - FTSE Developed Markets, SPDR - S&P World ex-US.

Similar Funds

We don't track any funds with an extremely high correlation (over 99%) to DWA Developed Markets Momentum Portfolio, but here are the most similar funds we track:
98.7% IPN SPDR S&P International Industrial Sector
98.7% VWIGX Vanguard Mutual Funds International Growth
98.7% VTMGX Vanguard Mutual Funds Developed Markets Index Admiral Shares
98.7% VEA Vanguard FTSE Developed Markets
98.6% GWL SPDR S&P World ex-US

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PIO PowerShares Global Water Portfolio 98.2%
ADRD PowerShares BLDRS Developed Markets 100 ADR Index Fund 96.7%
ADRU PowerShares BLDRS Europe Select ADR Index Fund 96.3%
IDHQ PowerShares S&P International Developed High Quality Portfolio 96.2%
PXF PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio 96.2%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -44.4%
UDN PowerShares DB US Dollar Index Bearish Fund -27.9%
UUP PowerShares DB US Dollar Index Bullish Fund -23.1%
VRP PowerShares Variable Rate Preferred Portfolio -21.0%
DBO PowerShares DB Oil Fund -13.9%

Positively Correlated Non-PowerShares funds
IPN SPDR S&P International Industrial Sector 98.7%
VWIGX Vanguard Mutual Funds International Growth 98.7%
VTMGX Vanguard Mutual Funds Developed Markets Index Admiral Shares 98.7%
VEA Vanguard FTSE Developed Markets 98.7%
GWL SPDR S&P World ex-US 98.6%
Negatively Correlated Non-PowerShares funds
IBMH iShares iBondsĀ® Sep 2019 AMT-Free Muni Bond ETF -82.1%
RING iShares MSCI Global Gold Miners ETF -80.0%
SLVP iShares MSCI Global Silver Miners ETF -73.7%
IBMI iShares iBondsĀ® Sep 2020 AMT-Free Muni Bond ETF -68.8%
NEAR iShares Short Maturity Bond ETF -59.6%

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