GVUS vs. PWV
GVUS (Goldman Sachs MarketBeta Russell 1000 Value Equity ETF) and PWV (Invesco Dynamic Large Cap Value ETF) are both Large Cap Value Equities funds - GVUS tracks the Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past year, GVUS returned 28.22% vs 25.33% for PWV. Their correlation of 0.89 suggests significant overlap in exposure. GVUS charges 0.12%/yr vs 0.58%/yr for PWV.
Performance
GVUS vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, GVUS achieves a 14.24% return, which is significantly higher than PWV's 12.10% return.
GVUS
- 1D
- 0.03%
- 1M
- 4.34%
- YTD
- 14.24%
- 6M
- 14.89%
- 1Y
- 28.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PWV
- 1D
- -0.14%
- 1M
- 2.43%
- YTD
- 12.10%
- 6M
- 12.38%
- 1Y
- 25.33%
- 3Y*
- 20.79%
- 5Y*
- 12.50%
- 10Y*
- 11.81%
GVUS vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 14.24% | 15.90% | 14.08% | 5.51% |
PWV Invesco Dynamic Large Cap Value ETF | 12.10% | 19.65% | 14.48% | 5.45% |
Correlation
The correlation between GVUS and PWV is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023 | 0.89 |
The correlation between GVUS and PWV has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
GVUS vs. PWV — Risk / Return Rank
GVUS
PWV
GVUS vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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.
| GVUS | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.48 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 6.28 | -2.03 |
| Martin ratioReturn relative to average drawdown | 17.70 | 21.16 | -3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GVUS | PWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.61 | 2.74 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | 0.41 | +1.14 |
Drawdowns
GVUS vs. PWV - Drawdown Comparison
The maximum GVUS drawdown since its inception was -15.82%, smaller than the maximum PWV drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for GVUS and PWV.
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Drawdown Indicators
| GVUS | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -49.04% | +33.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -4.05% | -2.63% |
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 DrawdownCurrent decline from peak | 0.00% | -0.51% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -9.50% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.20% | +0.40% |
Volatility
GVUS vs. PWV - Volatility Comparison
Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) has a higher volatility of 3.01% compared to Invesco Dynamic Large Cap Value ETF (PWV) at 2.35%. This indicates that GVUS'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
| GVUS | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.35% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 6.62% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 9.31% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 14.35% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 17.16% | -3.88% |
GVUS vs. PWV - Expense Ratio Comparison
GVUS has a 0.12% expense ratio, which is lower than PWV's 0.58% expense ratio.
Dividends
GVUS vs. PWV - Dividend Comparison
GVUS's dividend yield for the trailing twelve months is around 1.58%, less than PWV's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 1.58% | 1.77% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PWV Invesco Dynamic Large Cap Value ETF | 1.81% | 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
GVUS and PWV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GVUS has higher volatility (3.01%) compared to PWV (2.35%). In terms of maximum drawdown, GVUS dropped -15.82% vs PWV's -49.04%.
On 1-year performance, GVUS leads with 28.22% vs 25.33% for PWV. On fees, GVUS is cheaper at 0.12% per year. On volatility, PWV has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GVUS has performed better with a 28.22% return vs 25.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GVUS is cheaper with a 0.12% expense ratio, compared with 0.58% for PWV.
PWV has the higher dividend yield at 1.81%, compared with 1.58% for GVUS.
GVUS tracks Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.12% for GVUS and 0.58% for PWV.
PWV currently has the higher Sharpe Ratio (2.74 vs 2.61), 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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