DJD vs. PWV
DJD (Invesco Dow Jones Industrial Average Dividend ETF) and PWV (Invesco Large Cap Value ETF) are both Large Cap Value Equities funds from Invesco - DJD tracks the Dow Jones Industrial Average Yield Weighted Index while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 10 years, DJD returned 12.39%/yr vs 12.37%/yr for PWV. Their correlation of 0.83 means they have usually moved in the same direction. DJD charges 0.07%/yr vs 0.55%/yr for PWV.
Performance
DJD vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, DJD achieves a 14.63% return, which is significantly lower than PWV's 21.58% return. Both investments have delivered pretty close results over the past 10 years, with DJD having a 12.39% annualized return and PWV not far behind at 12.37%.
DJD
- 1D
- 0.09%
- 1M
- -0.05%
- 6M
- 9.67%
- YTD
- 14.63%
- 1Y
- 25.62%
- 3Y*
- 17.22%
- 5Y*
- 11.42%
- 10Y*
- 12.39%
- ALL TIME*
- 12.52%
PWV
- 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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.54M | $2.87M | $2.55M | |
| $10.04M | $7.39M | $4.81M |
DJD vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 14.63% | 15.83% | 13.66% | 9.41% | -0.73% | 22.40% | 0.87% | 22.00% | 0.03% | 21.65% |
PWV Invesco Large Cap Value ETF | 21.58% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
Correlation
The correlation between DJD 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. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2015 | 0.83 |
The correlation between DJD 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
DJD vs. PWV — Risk / Return Rank
DJD
PWV
DJD vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) 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.
| DJD | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.60 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 7.91 | -3.44 |
| Martin ratioReturn relative to average drawdown | 13.25 | 28.36 | -15.11 |
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Drawdowns
DJD vs. PWV - Drawdown Comparison
The maximum DJD drawdown since its inception was -34.66%, smaller than the maximum PWV drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for DJD and PWV.
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Drawdown Indicators
| DJD | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -49.04% | +14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.64% | -4.05% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -14.31% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.94% | -16.36% | -3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -37.67% | +3.01% |
Current DrawdownCurrent decline from peak | -1.36% | -0.90% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -9.43% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.13% | +0.77% |
Volatility
DJD vs. PWV - Volatility Comparison
Invesco Dow Jones Industrial Average Dividend ETF (DJD) has a higher volatility of 4.12% compared to Invesco Large Cap Value ETF (PWV) at 2.91%. This indicates that DJD's price experiences larger fluctuations and is considered to be riskier 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
| DJD | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 2.91% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 7.24% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 9.69% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 14.28% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 17.14% | -0.55% |
DJD vs. PWV - Expense Ratio Comparison
DJD has a 0.07% expense ratio, which is lower than PWV's 0.55% expense ratio.
Dividends
DJD vs. PWV - Dividend Comparison
DJD's dividend yield for the trailing twelve months is around 2.42%, more than PWV's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 2.42% | 2.62% | 3.00% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 2.75% | 2.46% | 0.08% |
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
DJD 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.
DJD has higher volatility (4.12%) compared to PWV (2.91%). In terms of maximum drawdown, DJD dropped -34.66% vs PWV's -49.04%.
On 10-year performance, DJD leads with 12.39% vs 12.37% for PWV. On fees, DJD is cheaper at 0.07% per year. On volatility, PWV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DJD has performed better with a 12.39% return vs 12.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJD is cheaper with a 0.07% expense ratio, compared with 0.55% for PWV.
DJD has the higher dividend yield at 2.42%, compared with 1.65% for PWV.
DJD tracks Dow Jones Industrial Average Yield Weighted Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). Their fees differ too: 0.07% for DJD and 0.55% for PWV.
PWV currently has the higher Sharpe Ratio (3.32 vs 2.40), 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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