- 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
Highlights
- Avg. Volume (1M)
- 93K
- Avg. Volume Value (1M)
- $7.39M
Share Price Chart
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Performance
PWV Performance Chart
Invesco Large Cap Value ETF (PWV) is up 21.6% since the beginning of the year. PWV is currently trading at $80 per share. Investors who bought $1,000 worth of PWV shares 5 years ago would now be looking at an investment worth $2,016.
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Returns By Period
Invesco Large Cap Value ETF (PWV) has returned 21.58% so far this year and 33.25% over the past 12 months. Over the last ten years, PWV has returned 12.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Invesco Large Cap Value ETF
- 1D
- 0.13%
- 1M
- 3.22%
- 6M
- 18.00%
- YTD
- 21.58%
- 1Y
- 33.25%
- 3Y*
- 20.57%
- 5Y*
- 15.05%
- 10Y*
- 12.37%
- ALL TIME*
- 10.53%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
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 +0.92%. At this rate, an investment would double in approximately 6.3 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% | 3.29% | 5.62% | 21.58% | |||||
| 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 Large Cap Value ETF has an annualized alpha of 3.86%, 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 (85.62%) - 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
- 3.86%
- Beta
- 0.89
- R²
- 0.47
- Upside Capture
- 93.80%
- Downside Capture
- 85.62%
Expense Ratio
PWV has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PWV ranks 97 for risk / return — above 97% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco 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 | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.25 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | 2.00 | +5.91 |
| Martin ratioReturn relative to average drawdown | 28.36 | 8.49 | +19.87 |
Dividends
Dividend History
Invesco Large Cap Value ETF provided a 1.65% dividend yield over the last twelve months, with an annual payout of $1.32 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 | $1.32 | $1.41 | $1.18 | $1.09 | $1.08 | $0.92 | $1.03 | $0.93 | $0.76 | $0.60 | $0.79 | $0.70 |
Dividend yield | 1.65% | 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 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 | $0.00 | $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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco 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 Large Cap Value ETF was 49.04%, occurring on Mar 9, 2009. Recovery took 293 trading sessions.
The current Invesco Large Cap Value ETF drawdown is 0.90%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-49.04%Mar 2009 | 1y 5mo | 1y 1mo | 2y 6moOct 2007 - May 2010 | Financial crisis2007–2009 |
-45.10%Jul 2010 | 1mo 26d | 3y 17d | 3y 2moMay 2010 - Jul 2013 | — |
-37.67%Mar 2020 | 1mo 9d | 11mo 7d | 1y 11dFeb 2020 - Feb 2021 | COVID crash2020 |
-22.27%Dec 2018 | 10mo 29d | 10mo 5d | 1y 8moJan 2018 - Oct 2019 | Rate-hike selloffLate 2018 |
-16.36%Sep 2022 | 8mo 21d | 10mo 4d | 1y 6moJan 2022 - Jul 2023 | Bear market2022 |
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 | -0.90% | -1.58% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -10.70% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.14% | -1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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