FMTM vs. PWV

Last updated Aug 1, 2026

FMTM (MarketDesk Focused U.S. Momentum ETF) and PWV (Invesco Large Cap Value ETF) are both exchange-traded funds - FMTM is a Momentum fund, while PWV is a Large Cap Value Equities fund tracking the Dynamic Large Cap Value Intellidex Index (AMEX). FMTM is actively managed, while PWV is passively managed. Over the past year, FMTM returned 41.88% vs 31.94% for PWV. Their 0.35 correlation means their historical movements had little consistent relationship. FMTM charges 0.45%/yr vs 0.55%/yr for PWV.

Performance

FMTM vs. PWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarketDesk Focused U.S. Momentum ETF (FMTM) and Invesco Large Cap Value ETF (PWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTM achieves a 19.49% return, which is significantly lower than PWV's 21.58% return.

FMTM

• 1D: 1.16%
• 1M: -9.20%
• 6M: 9.00%
• YTD: 19.49%
• 1Y: 41.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.73%

PWV

• 1D: 0.13%
• 1M: 4.66%
• 6M: 18.00%
• YTD: 21.58%
• 1Y: 31.94%
• 3Y*: 20.57%
• 5Y*: 15.05%
• 10Y*: 12.37%
• ALL TIME*: 10.53%

*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)
FMTM MarketDesk Focused U.S. Momentum ETF	$7.27M	$8.73M	$9.00M
PWV Invesco Large Cap Value ETF	$10.04M	$7.39M	$4.81M

FMTM vs. PWV - Yearly Performance Comparison

	2026 (YTD)	2025
FMTM MarketDesk Focused U.S. Momentum ETF	19.49%	28.21%
PWV Invesco Large Cap Value ETF	21.58%	14.00%

Correlation

The correlation between FMTM and PWV is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.35

Return for Risk

FMTM vs. PWV — Risk / Return Rank

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

FMTM

FMTM Risk / Return Rank: 70
FMTM Sharpe Ratio Rank: 70
FMTM Sortino Ratio Rank: 64
FMTM Omega Ratio Rank: 63
FMTM Calmar Ratio Rank: 78
FMTM Martin Ratio Rank: 76

PWV

PWV Risk / Return Rank: 97
PWV Sharpe Ratio Rank: 97
PWV Sortino Ratio Rank: 97
PWV Omega Ratio Rank: 96
PWV Calmar Ratio Rank: 97
PWV Martin Ratio Rank: 97

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.

FMTM vs. PWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Momentum ETF (FMTM) 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.

	FMTM	PWV	Difference
Sharpe ratio: Return per unit of total volatility	1.58	3.32	-1.74
Sortino ratio: Return per unit of downside risk	2.09	4.82	-2.73
Omega ratio: Gain probability vs. loss probability	1.27	1.60	-0.33
Calmar ratio: Return relative to maximum drawdown	2.73	7.91	-5.18
Martin ratio: Return relative to average drawdown	9.51	28.36	-18.85

FMTM vs. PWV - Sharpe Ratio Comparison

The current FMTM Sharpe Ratio is 1.58, which is lower than the PWV Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of FMTM and PWV, 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

FMTM vs. PWV - Drawdown Comparison

The maximum FMTM drawdown since its inception was -15.40%, smaller than the maximum PWV drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for FMTM and PWV.

Drawdown Indicators

	FMTM	PWV	Difference
Max Drawdown Largest peak-to-trough decline	-15.40%	-49.04%	+33.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.40%	-4.05%	-11.35%
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 Drawdown Current decline from peak	-12.01%	-0.90%	-11.11%
Average Drawdown Average peak-to-trough decline	-2.42%	-9.43%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	1.13%	+3.29%

Volatility

FMTM vs. PWV - Volatility Comparison

MarketDesk Focused U.S. Momentum ETF (FMTM) has a higher volatility of 9.67% compared to Invesco Large Cap Value ETF (PWV) at 2.91%. This indicates that FMTM'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.

Volatility by Period

	FMTM	PWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	2.91%	+6.76%
Volatility (6M) Calculated over the trailing 6-month period	21.17%	7.24%	+13.93%
Volatility (1Y) Calculated over the trailing 1-year period	26.61%	9.69%	+16.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.76%	14.28%	+10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.76%	17.14%	+7.62%

FMTM vs. PWV - Expense Ratio Comparison

FMTM has a 0.45% expense ratio, which is lower than PWV's 0.55% expense ratio.

Dividends

FMTM vs. PWV - Dividend Comparison

FMTM's dividend yield for the trailing twelve months is around 0.25%, less than PWV's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMTM MarketDesk Focused U.S. Momentum ETF	0.25%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both FMTM and PWV in my portfolio?

FMTM and PWV have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMTM or PWV?

FMTM has higher volatility (9.67%) compared to PWV (2.91%). In terms of maximum drawdown, FMTM dropped -15.40% vs PWV's -49.04%.

Which ETF is better, FMTM or PWV?

On 1-year performance, FMTM leads with 41.88% vs 31.94% for PWV. On fees, FMTM is cheaper at 0.45% 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.

Which ETF has performed better, FMTM or PWV?

Over the 1-year period, FMTM has performed better with a 41.88% return vs 31.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMTM or PWV?

FMTM is cheaper with a 0.45% expense ratio, compared with 0.55% for PWV.

Which ETF pays a higher dividend yield, FMTM or PWV?

PWV has the higher dividend yield at 1.65%, compared with 0.25% for FMTM.

What is the main difference between FMTM and PWV?

FMTM is categorized as Momentum, while PWV is Large Cap Value Equities. Their fees differ too: 0.45% for FMTM and 0.55% for PWV.

Which has better risk-adjusted returns?

PWV currently has the higher Sharpe Ratio (3.32 vs 1.58), 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.