IUS vs. PWV
IUS (Invesco RAFI Strategic US ETF) and PWV (Invesco Large Cap Value ETF) are both exchange-traded funds - IUS is a Large Cap Blend Equities fund tracking the Invesco Strategic US Index, while PWV is a Large Cap Value Equities fund tracking the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 5 years, IUS returned 14.35%/yr vs 15.05%/yr for PWV. Their correlation of 0.81 means they have usually moved in the same direction. IUS charges 0.19%/yr vs 0.55%/yr for PWV.
Performance
IUS vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, IUS achieves a 19.71% return, which is significantly lower than PWV's 21.58% return.
IUS
- 1D
- 0.43%
- 1M
- 3.03%
- 6M
- 15.22%
- YTD
- 19.71%
- 1Y
- 32.92%
- 3Y*
- 19.28%
- 5Y*
- 14.35%
- 10Y*
- —
- ALL TIME*
- 15.51%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.30M | $3.35M | $3.41M | |
| $10.04M | $7.39M | $4.81M |
IUS vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 19.71% | 16.94% | 16.51% | 20.79% | -8.34% | 32.17% | 15.09% | 29.34% | -12.28% |
PWV Invesco Large Cap Value ETF | 21.58% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -12.25% |
Correlation
The correlation between IUS and PWV is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.81 |
The correlation between IUS and PWV shifts across timeframes, from 0.63 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUS vs. PWV — Risk / Return Rank
IUS
PWV
IUS vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) 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.
| IUS | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.60 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 7.91 | -2.53 |
| Martin ratioReturn relative to average drawdown | 22.90 | 28.36 | -5.46 |
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Drawdowns
IUS vs. PWV - Drawdown Comparison
The maximum IUS drawdown since its inception was -34.67%, smaller than the maximum PWV drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for IUS and PWV.
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Drawdown Indicators
| IUS | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -49.04% | +14.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -4.05% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -14.31% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -16.36% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.90% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -9.43% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.13% | +0.31% |
Volatility
IUS vs. PWV - Volatility Comparison
The current volatility for Invesco RAFI Strategic US ETF (IUS) is 2.51%, while Invesco Large Cap Value ETF (PWV) has a volatility of 2.91%. This indicates that IUS 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.
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Volatility by Period
| IUS | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 2.91% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 7.24% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.67% | 9.69% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 14.28% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 17.14% | +0.78% |
IUS vs. PWV - Expense Ratio Comparison
IUS has a 0.19% expense ratio, which is lower than PWV's 0.55% expense ratio.
Dividends
IUS vs. PWV - Dividend Comparison
IUS's dividend yield for the trailing twelve months is around 1.24%, less than PWV's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 1.24% | 1.48% | 1.52% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% | 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
IUS and PWV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWV has higher volatility (2.91%) compared to IUS (2.51%). In terms of maximum drawdown, IUS dropped -34.67% vs PWV's -49.04%.
On 5-year performance, PWV leads with 15.05% vs 14.35% for IUS. On fees, IUS is cheaper at 0.19% per year. On volatility, IUS has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PWV has performed better with a 15.05% return vs 14.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUS is cheaper with a 0.19% expense ratio, compared with 0.55% for PWV.
PWV has the higher dividend yield at 1.65%, compared with 1.24% for IUS.
IUS is categorized as Large Cap Blend Equities, while PWV is Large Cap Value Equities. IUS tracks Invesco Strategic US Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). Their fees differ too: 0.19% for IUS and 0.55% for PWV.
PWV currently has the higher Sharpe Ratio (3.32 vs 3.11), 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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