- ISIN
- US73935X7084
- CUSIP
- 00046137V738
- Issuer
- Invesco
- Inception Date
- Mar 3, 2005
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dynamic Large Cap Value Intellidex Index (AMEX)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $2B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PWV Performance Chart
Invesco Dynamic Large Cap Value ETF (PWV) is up 14.8% since the beginning of the year. PWV is currently trading at $76 per share. Investors who bought $1,000 worth of PWV shares 5 years ago would now be looking at an investment worth $1,929.
Loading charts...
Returns By Period
Invesco Dynamic Large Cap Value ETF (PWV) has returned 14.78% so far this year and 27.50% over the past 12 months. Over the last ten years, PWV has returned 12.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Invesco Dynamic Large Cap Value ETF
- 1D
- 1.24%
- 1M
- 1.86%
- YTD
- 14.78%
- 6M
- 14.57%
- 1Y
- 27.50%
- 3Y*
- 21.17%
- 5Y*
- 14.04%
- 10Y*
- 12.27%
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%
PWV Monthly Returns History
Based on dividend-adjusted daily data since Mar 3, 2005, PWV's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +12.7%, while the worst month was Mar 2020 at -15.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PWV closed higher 53% of trading days. The best single day was May 6, 2010 with a return of +62.2%, while the worst single day was May 7, 2010 at -41.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.03% | 3.72% | -1.45% | 5.35% | 0.44% | 2.99% | 14.78% | ||||||
| 2025 | 4.24% | 3.29% | -2.15% | -3.97% | 4.74% | 4.56% | -0.50% | 4.56% | 1.32% | -0.71% | 3.20% | -0.04% | 19.65% |
| 2024 | 2.09% | 3.42% | 6.32% | -4.36% | 2.86% | -0.71% | 4.98% | 2.13% | -0.65% | -0.40% | 6.27% | -7.39% | 14.48% |
| 2023 | 1.57% | -3.03% | -1.74% | 1.03% | -4.53% | 7.49% | 4.78% | -2.17% | -1.56% | -3.85% | 7.51% | 5.45% | 10.36% |
| 2022 | -0.20% | -1.83% | 2.84% | -4.66% | 3.02% | -8.54% | 4.99% | -1.18% | -7.48% | 11.43% | 5.97% | -3.65% | -1.16% |
| 2021 | -0.70% | 4.88% | 6.72% | 3.63% | 2.92% | -2.04% | 0.18% | 2.43% | -1.83% | 6.16% | -2.48% | 6.56% | 29.06% |
Benchmark Metrics
Invesco Dynamic Large Cap Value ETF has an annualized alpha of 3.59%, beta of 0.89, and R2 of 0.47 versus S&P 500 Index. Calculated based on daily prices since March 03, 2005.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (93.80%) than losses (87.05%) - typical of diversified or defensive assets.
- R2 of 0.47 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.59%
- Beta
- 0.89
- R²
- 0.47
- Upside Capture
- 93.80%
- Downside Capture
- 87.05%
Expense Ratio
PWV has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PWV ranks 91 for risk / return — in the top 91% 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 Value ETF (PWV) 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.
| PWV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.81 | 2.78 | +4.03 |
| Martin ratioReturn relative to average drawdown | 22.78 | 12.44 | +10.34 |
Dividends
Dividend History
Invesco Dynamic Large Cap Value ETF provided a 2.33% dividend yield over the last twelve months, with an annual payout of $1.76 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 | $1.76 | $1.41 | $1.18 | $1.09 | $1.08 | $0.92 | $1.03 | $0.93 | $0.76 | $0.60 | $0.79 | $0.70 |
Dividend yield | 2.33% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco Dynamic Large Cap Value 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 | $0.34 | $0.00 | $0.00 | $0.41 | $0.75 | ||||||
| 2025 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.27 | $1.41 |
| 2024 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.29 | $1.18 |
| 2023 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.27 | $1.09 |
| 2022 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.32 | $1.08 |
| 2021 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.29 | $0.92 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco Dynamic Large Cap Value 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 Value ETF was 49.04%, occurring on Mar 9, 2009. Recovery took 293 trading sessions.
The current Invesco Dynamic Large Cap Value ETF drawdown is 1.08%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.04%Mar 2009 | 1y 5mo | 1y 1mo | 2y 6moOct 2007 - May 2010 |
2010 bear market2010 | -45.10%Jul 2010 | 1mo 26d | 3y 17d | 3y 2moMay 2010 - Jul 2013 |
COVID crash2020 | -37.67%Mar 2020 | 1mo 9d | 11mo 7d | 1y 11dFeb 2020 - Feb 2021 |
Rate-hike selloffLate 2018 | -22.27%Dec 2018 | 10mo 29d | 10mo 5d | 1y 8moJan 2018 - Oct 2019 |
Bear market2022 | -16.36%Sep 2022 | 8mo 21d | 10mo 4d | 1y 6moJan 2022 - Jul 2023 |
Drawdown Indicators
| PWV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.04% | -56.78% | +7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -9.10% | +5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -18.90% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -25.43% | +9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | -33.92% | -3.75% |
Current DrawdownCurrent decline from peak | -1.08% | -1.80% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -10.71% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.03% | -0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PWV
Add Invesco Dynamic Large Cap Value ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PWV