The DWA Basic Materials Momentum Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. This fund has 3 other funds which are extremely similar to it.

Within the PowerShares family of funds, the most positively correlated other funds are DWA Industrials Momentum Portfolio, FTSE RAFI US 1500 Small-Mid Portfolio, S&P SmallCap Industrials Portfolio, Fundamental Pure Mid Growth Portfolio, Fundamental Pure Large Value Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are Vanguard Mutual Funds - Total World Stock Index, Vanguard - Total World Stock, iShares - Aggressive Allocation ETF, Vanguard Mutual Funds - Materials Index Admiral Shares, iShares - MSCI ACWI ETF.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's DWA Basic Materials Momentum Portfolio fund.
99.2% VTWSX Vanguard Mutual Funds Total World Stock Index
99.2% VT Vanguard Total World Stock
99.1% AOA iShares Aggressive Allocation ETF

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PRN PowerShares DWA Industrials Momentum Portfolio 98.0%
PRFZ PowerShares FTSE RAFI US 1500 Small-Mid Portfolio 97.9%
PSCI PowerShares S&P SmallCap Industrials Portfolio 97.7%
PXMG PowerShares Fundamental Pure Mid Growth Portfolio 97.7%
PXLV PowerShares Fundamental Pure Large Value Portfolio 97.6%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -52.0%
PBW PowerShares WilderHill Clean Energy Portfolio -43.8%
UDN PowerShares DB US Dollar Index Bearish Fund -43.3%
DBB PowerShares DB Base Metals Fund -35.1%
DBO PowerShares DB Oil Fund -32.7%

Positively Correlated Non-PowerShares funds
VTWSX Vanguard Mutual Funds Total World Stock Index 99.2%
VT Vanguard Total World Stock 99.2%
AOA iShares Aggressive Allocation ETF 99.1%
VMIAX Vanguard Mutual Funds Materials Index Admiral Shares 99.0%
ACWI iShares MSCI ACWI ETF 98.9%
Negatively Correlated Non-PowerShares funds
RING iShares MSCI Global Gold Miners ETF -79.1%
SLVP iShares MSCI Global Silver Miners ETF -74.2%
EWZS iShares MSCI Brazil Small-Cap ETF -66.9%
ERUS iShares MSCI Russia Capped ETF -63.6%
RBL SPDR S&P Russia -59.0%

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