- ISIN
- US73935X6094
- CUSIP
- 46137V746
- Issuer
- Invesco
- Inception Date
- Mar 3, 2005
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dynamic Large Cap Growth Intellidex Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $2B
Share Price Chart
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Performance
PWB Performance Chart
Invesco Dynamic Large Cap Growth ETF (PWB) is up 32.6% since the beginning of the year. PWB is currently trading at $169 per share. Investors who bought $1,000 worth of PWB shares 5 years ago would now be looking at an investment worth $2,330.
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Returns By Period
Invesco Dynamic Large Cap Growth ETF (PWB) has returned 32.57% so far this year and 51.42% over the past 12 months. Looking at the last ten years, PWB has achieved an annualized return of 19.14%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Invesco Dynamic Large Cap Growth ETF
- 1D
- 1.13%
- 1M
- 8.92%
- YTD
- 32.57%
- 6M
- 30.75%
- 1Y
- 51.42%
- 3Y*
- 34.91%
- 5Y*
- 18.43%
- 10Y*
- 19.14%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PWB Monthly Returns History
Based on dividend-adjusted daily data since Mar 3, 2005, PWB's average daily return is +0.06%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2026 with a return of +16.3%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, PWB closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +12.2%, while the worst single day was Mar 16, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.43% | 1.13% | -7.08% | 16.31% | 10.15% | 4.45% | 32.57% | ||||||
| 2025 | 5.96% | -3.22% | -7.95% | 3.68% | 10.86% | 6.40% | 1.28% | 0.14% | 5.30% | 3.94% | -2.53% | 0.04% | 24.94% |
| 2024 | 5.42% | 7.16% | 1.73% | -4.75% | 4.41% | 6.37% | -1.96% | 3.58% | 2.88% | -0.09% | 7.22% | -3.69% | 31.04% |
| 2023 | 6.63% | -2.83% | 5.13% | 0.74% | 1.14% | 6.76% | 1.39% | 0.28% | -5.54% | -1.19% | 12.19% | 3.53% | 30.61% |
| 2022 | -9.40% | -5.41% | 4.39% | -11.78% | 1.10% | -8.93% | 11.98% | -5.39% | -8.30% | 8.13% | 4.95% | -7.39% | -25.81% |
| 2021 | 0.41% | -0.36% | 0.69% | 4.70% | 0.07% | 4.42% | 2.34% | 3.14% | -5.79% | 6.95% | 0.15% | 1.87% | 19.58% |
Benchmark Metrics
Invesco Dynamic Large Cap Growth ETF has an annualized alpha of 3.60%, beta of 1.01, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since March 03, 2005.
- This ETF captured 110.49% of S&P 500 Index gains but only 93.90% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 3.60% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.01 and R2 of 0.88, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.60%
- Beta
- 1.01
- R²
- 0.88
- Upside Capture
- 110.49%
- Downside Capture
- 93.90%
Expense Ratio
PWB has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PWB ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Dynamic Large Cap Growth ETF (PWB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PWB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 2.78 | +1.48 |
| Martin ratioReturn relative to average drawdown | 17.82 | 12.44 | +5.38 |
Dividends
Dividend History
Invesco Dynamic Large Cap Growth ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.08 | $0.29 | $0.19 | $0.03 | $0.14 | $0.30 | $0.40 | $0.22 | $0.26 | $0.21 |
Dividend yield | 0.00% | 0.00% | 0.08% | 0.37% | 0.31% | 0.04% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Dynamic Large Cap Growth ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Dynamic Large Cap Growth ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco Dynamic Large Cap Growth ETF was 52.58%, occurring on Mar 9, 2009. Recovery took 769 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -52.58%Mar 2009 | 1y 4mo | 3y 18d | 4y 5moOct 2007 - Mar 2012 |
COVID crash2020 | -32.36%Mar 2020 | 1mo 2d | 3mo 11d | 4mo 13dFeb 2020 - Jul 2020 |
Bear market2022 | -31.41%Oct 2022 | 9mo 20d | 1y 3mo | 2y 27dDec 2021 - Jan 2024 |
2025 selloff2025 | -22.10%Apr 2025 | 1mo 14d | 1mo 29d | 3mo 13dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -20.51%Dec 2018 | 2mo 23d | 3mo 12d | 6mo 5dOct 2018 - Apr 2019 |
Drawdown Indicators
| PWB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -56.78% | +4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -9.10% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -18.90% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -25.43% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -32.36% | -33.92% | +1.56% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -10.71% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.03% | +0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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