8 Overlooked Smart Beta ETFs

PowerShares DWA Momentum Portfolio (NYSEArca: PDP)

AUM: $1.09 Billion

YTD: Up 26%

Comment: PDP recently topped the $1 billion in assets under management mark, but despite its asset-gathering prowess and impressive performance this year, the market-based fund flies under the radar. Like several other PowerShares ETFs, PDP focuses on relative strength to build its roster of 100 stocks, nearly two-thirds of which are mid-caps. [Another Momentum ETF Tops $1B in Assets]