EPMB vs. PWC

Last updated Aug 4, 2026

EPMB (Harbor Mid Cap Core ETF) and PWC (Invesco Dynamic Market ETF) are both Mid Cap Blend Equities funds. EPMB is actively managed, while PWC is passively managed. Over the past year, EPMB returned 25.10% vs 14.63% for PWC. Their 0.69 correlation means they have sometimes moved together and sometimes differently. EPMB charges 0.88%/yr vs 0.60%/yr for PWC.

Performance

EPMB vs. PWC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Mid Cap Core ETF (EPMB) and Invesco Dynamic Market ETF (PWC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPMB achieves a 14.97% return, which is significantly higher than PWC's 10.69% return.

EPMB

• 1D: 0.85%
• 1M: -0.02%
• 6M: 8.26%
• YTD: 14.97%
• 1Y: 25.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.76%

PWC

• 1D: 0.27%
• 1M: 3.19%
• 6M: 5.07%
• YTD: 10.69%
• 1Y: 14.63%
• 3Y*: 13.34%
• 5Y*: 7.35%
• 10Y*: 9.55%
• ALL TIME*: 2.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPMB Harbor Mid Cap Core ETF	$1.65K	$1.92K	$1.07K
PWC Invesco Dynamic Market ETF	$45.96K	$66.92K	$59.96K

EPMB vs. PWC - Yearly Performance Comparison

	2026 (YTD)	2025
EPMB Harbor Mid Cap Core ETF	14.97%	15.95%
PWC Invesco Dynamic Market ETF	10.69%	6.38%

Correlation

The correlation between EPMB and PWC is 0.66, 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.	0.66
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.69

The correlation between EPMB and PWC has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

EPMB vs. PWC - Sectors Allocation Comparison

Sectors	EPMB	PWC
Industrials	25.5%	14.4%
Technology	19.9%	14.2%
Financial Services	15.9%	16.9%
Healthcare	9.7%	10.9%
Consumer Cyclical	9.7%	7.4%
Basic Materials	6.1%	5.5%
Real Estate	5.1%	5.3%
Energy	3.8%	5.8%
Communication Services	2.5%	7.3%
Utilities	1.7%	5.3%
Consumer Defensive	1.2%	5.3%

Return for Risk

EPMB vs. PWC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPMB

EPMB Risk / Return Rank: 71
EPMB Sharpe Ratio Rank: 68
EPMB Sortino Ratio Rank: 72
EPMB Omega Ratio Rank: 65
EPMB Calmar Ratio Rank: 72
EPMB Martin Ratio Rank: 77

PWC

PWC Risk / Return Rank: 58
PWC Sharpe Ratio Rank: 58
PWC Sortino Ratio Rank: 62
PWC Omega Ratio Rank: 55
PWC Calmar Ratio Rank: 61
PWC Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPMB vs. PWC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Core ETF (EPMB) and Invesco Dynamic Market ETF (PWC). 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.

	EPMB	PWC	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.48	+0.27
Sortino ratio: Return per unit of downside risk	2.59	2.21	+0.38
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.82	2.28	+0.54
Martin ratio: Return relative to average drawdown	10.88	6.81	+4.07

EPMB vs. PWC - Sharpe Ratio Comparison

The current EPMB Sharpe Ratio is 1.75, which is comparable to the PWC Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of EPMB and PWC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPMB vs. PWC - Drawdown Comparison

The maximum EPMB drawdown since its inception was -8.95%, smaller than the maximum PWC drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for EPMB and PWC.

Drawdown Indicators

	EPMB	PWC	Difference
Max Drawdown Largest peak-to-trough decline	-8.95%	-78.13%	+69.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-6.45%	-2.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.45%	—
Current Drawdown Current decline from peak	-1.43%	-1.29%	-0.14%
Average Drawdown Average peak-to-trough decline	-1.45%	-35.96%	+34.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.15%	+0.16%

Volatility

EPMB vs. PWC - Volatility Comparison

Harbor Mid Cap Core ETF (EPMB) and Invesco Dynamic Market ETF (PWC) have volatilities of 3.39% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPMB	PWC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.26%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	7.29%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	9.97%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	15.90%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	18.74%	-4.17%

EPMB vs. PWC - Expense Ratio Comparison

EPMB has a 0.88% expense ratio, which is higher than PWC's 0.60% expense ratio.

Dividends

EPMB vs. PWC - Dividend Comparison

EPMB's dividend yield for the trailing twelve months is around 1.55%, less than PWC's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPMB Harbor Mid Cap Core ETF	1.55%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PWC Invesco Dynamic Market ETF	1.71%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%

Frequently Asked Questions

Can I hold both EPMB and PWC in my portfolio?

EPMB and PWC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPMB or PWC?

EPMB has higher volatility (3.39%) compared to PWC (3.26%). In terms of maximum drawdown, EPMB dropped -8.95% vs PWC's -78.13%.

Which ETF is better, EPMB or PWC?

On 1-year performance, EPMB leads with 25.10% vs 14.63% for PWC. On fees, PWC is cheaper at 0.60% per year. On volatility, PWC has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPMB or PWC?

Over the 1-year period, EPMB has performed better with a 25.10% return vs 14.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPMB or PWC?

PWC is cheaper with a 0.60% expense ratio, compared with 0.88% for EPMB.

Which ETF pays a higher dividend yield, EPMB or PWC?

PWC has the higher dividend yield at 1.71%, compared with 1.55% for EPMB.

What is the main difference between EPMB and PWC?

They also come from different issuers: Harbor and Invesco. Their fees differ too: 0.88% for EPMB and 0.60% for PWC.

Which has better risk-adjusted returns?

EPMB currently has the higher Sharpe Ratio (1.75 vs 1.48), 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.