BLCV vs. PWV
BLCV (Blackrock Large Cap Value ETF) and PWV (Invesco Dynamic Large Cap Value ETF) are both Large Cap Value Equities funds. BLCV is actively managed, while PWV is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. BLCV charges 0.55%/yr vs 0.58%/yr for PWV.
Performance
BLCV vs. PWV - Performance Comparison
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Returns By Period
BLCV
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWV
- 1D
- 0.64%
- 1M
- 3.55%
- 6M
- 18.03%
- YTD
- 19.73%
- 1Y
- 30.53%
- 3Y*
- 21.53%
- 5Y*
- 15.02%
- 10Y*
- 12.04%
BLCV vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BLCV Blackrock Large Cap Value ETF | 6.47% | 19.96% | 12.63% | 14.56% |
PWV Invesco Dynamic Large Cap Value ETF | 19.73% | 19.65% | 14.48% | 15.33% |
Correlation
The correlation between BLCV and PWV is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.84 |
The correlation between BLCV and PWV shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BLCV vs. PWV — Risk / Return Rank
BLCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PWV
BLCV vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Large Cap Value ETF (BLCV) and Invesco Dynamic Large Cap Value ETF (PWV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BLCV | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.57 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.56 | — |
| Martin ratioReturn relative to average drawdown | — | 26.26 | — |
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Drawdowns
BLCV vs. PWV - Drawdown Comparison
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Drawdown Indicators
| BLCV | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -49.04% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -9.45% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.17% | — |
Volatility
BLCV vs. PWV - Volatility Comparison
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Volatility by Period
| BLCV | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 9.61% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 14.32% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 17.13% | — |
BLCV vs. PWV - Expense Ratio Comparison
BLCV has a 0.55% expense ratio, which is lower than PWV's 0.58% expense ratio.
Dividends
BLCV vs. PWV - Dividend Comparison
BLCV has not paid dividends to shareholders, while PWV's dividend yield for the trailing twelve months is around 1.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLCV Blackrock Large Cap Value ETF | 1.01% | 1.37% | 1.63% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWV Invesco Dynamic Large Cap Value ETF | 1.68% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
Frequently Asked Questions
BLCV and PWV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BLCV is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLCV is cheaper with a 0.55% expense ratio, compared with 0.58% for PWV.
PWV has the higher dividend yield at 1.68%, compared with 1.01% for BLCV.
They also come from different issuers: BlackRock and Invesco. Their fees differ too: 0.55% for BLCV and 0.58% for PWV.
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