DEW vs. PWV
DEW (WisdomTree Global High Dividend Fund) and PWV (Invesco Large Cap Value ETF) are both Large Cap Value Equities funds - DEW tracks the WisdomTree Global High Dividend Index while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 10 years, DEW returned 9.64%/yr vs 12.21%/yr for PWV. Their correlation of 0.80 means they have usually moved in the same direction. DEW charges 0.58%/yr vs 0.55%/yr for PWV.
Performance
DEW vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, DEW achieves a 19.14% return, which is significantly lower than PWV's 21.38% return. Over the past 10 years, DEW has underperformed PWV with an annualized return of 9.64%, while PWV has yielded a comparatively higher 12.21% annualized return.
DEW
- 1D
- -0.14%
- 1M
- 4.14%
- 6M
- 12.32%
- YTD
- 19.14%
- 1Y
- 30.34%
- 3Y*
- 19.89%
- 5Y*
- 12.85%
- 10Y*
- 9.64%
- ALL TIME*
- 6.11%
PWV
- 1D
- -0.16%
- 1M
- 3.06%
- 6M
- 17.74%
- YTD
- 21.38%
- 1Y
- 33.04%
- 3Y*
- 20.95%
- 5Y*
- 15.09%
- 10Y*
- 12.21%
- ALL TIME*
- 10.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $705.15K | $387.18K | |
| $10.73M | $7.77M | $4.99M |
DEW vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEW WisdomTree Global High Dividend Fund | 19.14% | 22.39% | 11.58% | 9.39% | -2.73% | 21.29% | -7.32% | 20.45% | -10.58% | 15.38% |
PWV Invesco Large Cap Value ETF | 21.38% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
Correlation
The correlation between DEW and PWV is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.80 |
The correlation between DEW and PWV has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
DEW vs. PWV — Risk / Return Rank
DEW
PWV
DEW vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global High Dividend Fund (DEW) and Invesco 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.
| DEW | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.63 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 8.19 | -3.38 |
| Martin ratioReturn relative to average drawdown | 19.45 | 29.29 | -9.84 |
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Drawdowns
DEW vs. PWV - Drawdown Comparison
The maximum DEW drawdown since its inception was -65.55%, which is greater than PWV's maximum drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for DEW and PWV.
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Drawdown Indicators
| DEW | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.55% | -49.04% | -16.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.34% | -4.05% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -14.31% | +2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.86% | -16.36% | -2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -38.77% | -37.67% | -1.10% |
Current DrawdownCurrent decline from peak | -0.39% | -1.06% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -12.34% | -9.43% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.13% | +0.43% |
Volatility
DEW vs. PWV - Volatility Comparison
The current volatility for WisdomTree Global High Dividend Fund (DEW) is 2.02%, while Invesco Large Cap Value ETF (PWV) has a volatility of 2.66%. This indicates that DEW experiences smaller price fluctuations and is considered to be less risky than PWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEW | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 2.66% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | 7.25% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 9.63% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 14.28% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 17.14% | -1.77% |
DEW vs. PWV - Expense Ratio Comparison
DEW has a 0.58% expense ratio, which is higher than PWV's 0.55% expense ratio.
Dividends
DEW vs. PWV - Dividend Comparison
DEW's dividend yield for the trailing twelve months is around 3.12%, more than PWV's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEW WisdomTree Global High Dividend Fund | 3.12% | 3.71% | 4.02% | 4.55% | 3.82% | 3.55% | 4.10% | 3.74% | 4.17% | 3.18% | 3.42% | 4.32% |
PWV Invesco Large Cap Value ETF | 1.65% | 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
DEW and PWV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWV has higher volatility (2.66%) compared to DEW (2.02%). In terms of maximum drawdown, DEW dropped -65.55% vs PWV's -49.04%.
On 10-year performance, PWV leads with 12.21% vs 9.64% for DEW. On fees, PWV is cheaper at 0.55% per year. On volatility, DEW has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PWV has performed better with a 12.21% return vs 9.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PWV is cheaper with a 0.55% expense ratio, compared with 0.58% for DEW.
DEW has the higher dividend yield at 3.12%, compared with 1.65% for PWV.
DEW tracks WisdomTree Global High Dividend Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.58% for DEW and 0.55% for PWV.
PWV currently has the higher Sharpe Ratio (3.45 vs 3.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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