- ISIN
- US73935X1046
- CUSIP
- 46137V712
- Issuer
- Invesco
- Inception Date
- May 1, 2003
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dynamic Market Intellidex Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $95M
Share Price Chart
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Performance
PWC Performance Chart
Invesco Dynamic Market ETF (PWC) is up 4.8% since the beginning of the year. PWC is currently trading at $51 per share. Investors who bought $1,000 worth of PWC shares 5 years ago would now be looking at an investment worth $1,371.
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Returns By Period
Invesco Dynamic Market ETF (PWC) has returned 4.77% so far this year and 8.99% over the past 12 months. Over the last ten years, PWC has returned 9.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Dynamic Market ETF
- 1D
- -0.03%
- 1M
- -2.12%
- YTD
- 4.77%
- 6M
- 3.89%
- 1Y
- 8.99%
- 3Y*
- 12.90%
- 5Y*
- 6.51%
- 10Y*
- 9.59%
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%
PWC Monthly Returns History
Based on dividend-adjusted daily data since May 1, 2003, PWC's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 2011 with a return of +13.3%, while the worst month was Jul 2003 at -74.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PWC closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +13.6%, while the worst single day was Jul 21, 2003 at -75.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.69% | 3.29% | -5.11% | 3.97% | -0.43% | -1.37% | 4.77% | ||||||
| 2025 | 3.80% | 0.86% | -2.29% | -2.21% | 3.08% | 0.96% | -1.13% | 2.47% | 0.51% | -1.81% | 2.75% | -0.76% | 6.15% |
| 2024 | 2.18% | 4.84% | 5.01% | -5.45% | 2.32% | 0.56% | 4.42% | 4.00% | 1.45% | -0.55% | 5.75% | -7.37% | 17.46% |
| 2023 | 5.45% | -0.36% | 1.31% | -1.25% | -0.69% | 7.37% | 2.27% | -2.75% | -4.08% | -3.42% | 9.17% | 5.57% | 19.03% |
| 2022 | -10.06% | -0.91% | 2.94% | -8.47% | 0.00% | -10.12% | 10.52% | -0.90% | -7.15% | 11.59% | 6.50% | -7.94% | -16.01% |
| 2021 | 4.71% | 2.47% | 1.84% | 5.84% | 1.09% | -1.03% | -0.06% | 2.34% | -5.00% | 4.15% | -1.67% | 3.66% | 19.38% |
Benchmark Metrics
Invesco Dynamic Market ETF has an annualized alpha of -2.91%, beta of 0.95, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since May 01, 2003.
- This ETF participated in 99.76% of S&P 500 Index downside but only 69.84% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.91% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.95 and R2 of 0.51, 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
- -2.91%
- Beta
- 0.95
- R²
- 0.51
- Upside Capture
- 69.84%
- Downside Capture
- 99.76%
Expense Ratio
PWC has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PWC ranks 27 for risk / return — below 27% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco Dynamic Market ETF (PWC) 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.
| PWC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.78 | -1.39 |
| Martin ratioReturn relative to average drawdown | 4.21 | 12.44 | -8.23 |
Dividends
Dividend History
Invesco Dynamic Market ETF provided a 2.17% dividend yield over the last twelve months, with an annual payout of $1.10 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.10 | $0.87 | $0.74 | $0.68 | $0.52 | $0.24 | $0.38 | $0.31 | $0.42 | $0.56 | $0.36 | $0.25 |
Dividend yield | 2.17% | 1.77% | 1.58% | 1.67% | 1.51% | 0.56% | 1.09% | 0.95% | 1.44% | 1.75% | 1.35% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Dynamic Market 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 | $0.22 | $0.00 | $0.00 | $0.23 | $0.46 | ||||||
| 2025 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.19 | $0.74 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.41 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.25 | $0.52 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.24 |
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 Market 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 Market ETF was 78.13%, occurring on Mar 9, 2009. Recovery took 2357 trading sessions.
The current Invesco Dynamic Market ETF drawdown is 3.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -78.13%Mar 2009 | 5y 8mo | 9y 4mo | 15y 13dJul 2003 - Jul 2018 |
COVID crash2020 | -39.45%Mar 2020 | 1y 5mo | 8mo 16d | 2y 2moSep 2018 - Dec 2020 |
Bear market2022 | -26.58%Jun 2022 | 7mo 1d | 1y 7mo | 2y 2moNov 2021 - Jan 2024 |
2025 selloff2025 | -15.12%Apr 2025 | 4mo 7d | 9mo 3d | 1y 1moDec 2024 - Jan 2026 |
2021 correction2021 | -10.47%Mar 2021 | 16d | 1mo 13d | 1mo 29dFeb 2021 - Apr 2021 |
Drawdown Indicators
| PWC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.13% | -56.78% | -21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -9.10% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.12% | -18.90% | +3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -25.43% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -39.45% | -33.92% | -5.53% |
Current DrawdownCurrent decline from peak | -3.37% | -1.80% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -36.13% | -10.71% | -25.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.03% | +0.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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