IUSV vs. PWV
IUSV (iShares Core S&P U.S. Value ETF) and PWV (Invesco Dynamic Large Cap Value ETF) are both Large Cap Value Equities funds - IUSV tracks the S&P 900 Value Index while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 10 years, IUSV returned 12.35%/yr vs 12.27%/yr for PWV. Their correlation of 0.92 suggests significant overlap in exposure. IUSV charges 0.04%/yr vs 0.58%/yr for PWV.
Performance
IUSV vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, IUSV achieves a 8.10% return, which is significantly lower than PWV's 14.78% return. Both investments have delivered pretty close results over the past 10 years, with IUSV having a 12.35% annualized return and PWV not far behind at 12.27%.
IUSV
- 1D
- 0.25%
- 1M
- 0.07%
- YTD
- 8.10%
- 6M
- 7.41%
- 1Y
- 21.39%
- 3Y*
- 15.27%
- 5Y*
- 11.26%
- 10Y*
- 12.35%
PWV
- 1D
- 1.24%
- 1M
- 1.86%
- YTD
- 14.78%
- 6M
- 14.57%
- 1Y
- 27.50%
- 3Y*
- 21.17%
- 5Y*
- 14.04%
- 10Y*
- 12.27%
IUSV vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSV iShares Core S&P U.S. Value ETF | 8.10% | 12.85% | 12.18% | 21.73% | -5.40% | 25.22% | 1.56% | 31.47% | -9.21% | 15.09% |
PWV Invesco Dynamic Large Cap Value ETF | 14.78% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
Correlation
The correlation between IUSV and PWV is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005 | 0.92 |
The correlation between IUSV and PWV shifts across timeframes, from 0.80 (1 year) to 0.92 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUSV vs. PWV — Risk / Return Rank
IUSV
PWV
IUSV vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Value ETF (IUSV) 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.
| IUSV | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.51 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 6.81 | -3.44 |
| Martin ratioReturn relative to average drawdown | 12.86 | 22.78 | -9.92 |
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Drawdowns
IUSV vs. PWV - Drawdown Comparison
The maximum IUSV drawdown since its inception was -56.88%, which is greater than PWV's maximum drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for IUSV and PWV.
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Drawdown Indicators
| IUSV | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.88% | -49.04% | -7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -4.05% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -14.31% | -3.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.95% | -16.36% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -37.54% | -37.67% | +0.13% |
Current DrawdownCurrent decline from peak | -0.95% | -1.08% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -9.48% | +3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.21% | +0.46% |
Volatility
IUSV vs. PWV - Volatility Comparison
The current volatility for iShares Core S&P U.S. Value ETF (IUSV) is 3.00%, while Invesco Dynamic Large Cap Value ETF (PWV) has a volatility of 3.30%. This indicates that IUSV 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
| IUSV | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 3.30% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.45% | 6.99% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 9.55% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 14.33% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 17.18% | -0.10% |
IUSV vs. PWV - Expense Ratio Comparison
IUSV has a 0.04% expense ratio, which is lower than PWV's 0.58% expense ratio.
Dividends
IUSV vs. PWV - Dividend Comparison
IUSV's dividend yield for the trailing twelve months is around 1.70%, less than PWV's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSV iShares Core S&P U.S. Value ETF | 1.70% | 1.78% | 2.15% | 1.75% | 2.22% | 1.87% | 2.40% | 2.19% | 2.67% | 1.93% | 4.44% | 7.63% |
PWV Invesco Dynamic Large Cap Value ETF | 2.33% | 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
IUSV and PWV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWV has higher volatility (3.30%) compared to IUSV (3.00%). In terms of maximum drawdown, IUSV dropped -56.88% vs PWV's -49.04%.
On 10-year performance, IUSV leads with 12.35% vs 12.27% for PWV. On fees, IUSV is cheaper at 0.04% per year. On volatility, IUSV has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IUSV has performed better with a 12.35% return vs 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSV is cheaper with a 0.04% expense ratio, compared with 0.58% for PWV.
PWV has the higher dividend yield at 2.33%, compared with 1.70% for IUSV.
IUSV tracks S&P 900 Value Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.04% for IUSV and 0.58% for PWV.
PWV currently has the higher Sharpe Ratio (2.90 vs 2.13), 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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