DLN vs. PWV
DLN (WisdomTree U.S. LargeCap Dividend Fund) and PWV (Invesco Dynamic Large Cap Value ETF) are both Large Cap Value Equities funds - DLN tracks the WisdomTree U.S. LargeCap Dividend Index while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 10 years, DLN returned 12.83%/yr vs 12.34%/yr for PWV. Their correlation of 0.92 suggests significant overlap in exposure. DLN charges 0.28%/yr vs 0.58%/yr for PWV.
Performance
DLN vs. PWV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DLN achieves a 9.74% return, which is significantly lower than PWV's 15.49% return. Both investments have delivered pretty close results over the past 10 years, with DLN having a 12.83% annualized return and PWV not far behind at 12.34%.
DLN
- 1D
- -0.19%
- 1M
- -0.14%
- YTD
- 9.74%
- 6M
- 8.74%
- 1Y
- 20.43%
- 3Y*
- 18.05%
- 5Y*
- 12.34%
- 10Y*
- 12.83%
PWV
- 1D
- -0.42%
- 1M
- 2.50%
- YTD
- 15.49%
- 6M
- 14.63%
- 1Y
- 26.45%
- 3Y*
- 21.42%
- 5Y*
- 13.87%
- 10Y*
- 12.34%
DLN vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLN WisdomTree U.S. LargeCap Dividend Fund | 9.74% | 15.53% | 19.66% | 9.95% | -3.78% | 25.60% | 4.59% | 28.91% | -5.82% | 18.22% |
PWV Invesco Dynamic Large Cap Value ETF | 15.49% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
Correlation
The correlation between DLN and PWV is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.92 |
The correlation between DLN and PWV has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DLN vs. PWV — Risk / Return Rank
DLN
PWV
DLN vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. LargeCap Dividend Fund (DLN) 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.
| DLN | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 6.55 | -3.19 |
| Martin ratioReturn relative to average drawdown | 14.09 | 21.91 | -7.82 |
Loading charts...
Drawdowns
DLN vs. PWV - Drawdown Comparison
The maximum DLN drawdown since its inception was -57.84%, which is greater than PWV's maximum drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for DLN and PWV.
Loading charts...
Drawdown Indicators
| DLN | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.84% | -49.04% | -8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -4.05% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -14.31% | +0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.26% | -16.36% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.82% | -37.67% | +1.85% |
Current DrawdownCurrent decline from peak | -1.31% | -0.47% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -9.47% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.21% | +0.24% |
Volatility
DLN vs. PWV - Volatility Comparison
The current volatility for WisdomTree U.S. LargeCap Dividend Fund (DLN) is 2.70%, while Invesco Dynamic Large Cap Value ETF (PWV) has a volatility of 3.41%. This indicates that DLN 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.
Loading charts...
Volatility by Period
| DLN | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.41% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 7.06% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 9.55% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 14.33% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 17.15% | -1.01% |
DLN vs. PWV - Expense Ratio Comparison
DLN has a 0.28% expense ratio, which is lower than PWV's 0.58% expense ratio.
Dividends
DLN vs. PWV - Dividend Comparison
DLN's dividend yield for the trailing twelve months is around 1.80%, more than PWV's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLN WisdomTree U.S. LargeCap Dividend Fund | 1.80% | 1.90% | 2.00% | 2.43% | 2.53% | 2.01% | 2.66% | 2.51% | 2.90% | 2.33% | 2.64% | 2.80% |
PWV Invesco Dynamic Large Cap Value ETF | 1.74% | 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
DLN and PWV have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWV has higher volatility (3.41%) compared to DLN (2.70%). In terms of maximum drawdown, DLN dropped -57.84% vs PWV's -49.04%.
On 10-year performance, DLN leads with 12.83% vs 12.34% for PWV. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DLN has performed better with a 12.83% return vs 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DLN is cheaper with a 0.28% expense ratio, compared with 0.58% for PWV.
DLN has the higher dividend yield at 1.80%, compared with 1.74% for PWV.
DLN tracks WisdomTree U.S. LargeCap 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: 0.28% for DLN and 0.58% for PWV.
PWV currently has the higher Sharpe Ratio (2.78 vs 2.28), 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.
Find the right allocation for DLN and PWV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer