LOPP vs. PWC

Last updated Jun 4, 2026

LOPP (Gabelli Love Our Planet & People ETF) and PWC (Invesco Dynamic Market ETF) are both Mid Cap Blend Equities funds. LOPP is actively managed, while PWC is passively managed. Over the past 5 years, LOPP returned 7.80%/yr vs 6.10%/yr for PWC. Their correlation of 0.81 suggests significant overlap in exposure. LOPP charges 0.00%/yr vs 0.60%/yr for PWC.

Performance

LOPP vs. PWC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gabelli Love Our Planet & People ETF (LOPP) 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, LOPP achieves a 15.77% return, which is significantly higher than PWC's 5.85% return.

LOPP

• 1D: -0.10%
• 1M: 3.39%
• YTD: 15.77%
• 6M: 17.00%
• 1Y: 33.50%
• 3Y*: 16.93%
• 5Y*: 7.80%
• 10Y*: —

PWC

• 1D: -0.13%
• 1M: 0.31%
• YTD: 5.85%
• 6M: 6.04%
• 1Y: 8.50%
• 3Y*: 13.71%
• 5Y*: 6.10%
• 10Y*: 9.52%

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

LOPP vs. PWC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LOPP Gabelli Love Our Planet & People ETF	15.77%	22.61%	9.89%	4.74%	-15.04%	19.26%
PWC Invesco Dynamic Market ETF	5.85%	6.15%	17.46%	19.03%	-16.01%	12.27%

Correlation

The correlation between LOPP and PWC is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 2, 2021	0.81

Over the past year, the correlation between LOPP and PWC has dropped to 0.60 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

LOPP vs. PWC - Sectors Allocation Comparison

Sectors	LOPP	PWC
Industrials	62.6%	10.3%
Utilities	11.2%	2.7%
Financial Services	6.3%	14.0%
Consumer Cyclical	4.0%	11.5%
Energy	3.9%	5.5%
Basic Materials	3.5%	3.5%
Technology	3.2%	26.1%
Real Estate	2.6%	5.6%
Communication Services	1.5%	7.0%
Healthcare	0.8%	12.7%
Consumer Defensive	0.5%	6.8%

Return for Risk

LOPP vs. PWC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LOPP

LOPP Risk / Return Rank: 64
LOPP Sharpe Ratio Rank: 61
LOPP Sortino Ratio Rank: 62
LOPP Omega Ratio Rank: 58
LOPP Calmar Ratio Rank: 69
LOPP Martin Ratio Rank: 70

PWC

PWC Risk / Return Rank: 25
PWC Sharpe Ratio Rank: 25
PWC Sortino Ratio Rank: 24
PWC Omega Ratio Rank: 22
PWC Calmar Ratio Rank: 28
PWC Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LOPP vs. PWC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gabelli Love Our Planet & People ETF (LOPP) 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.

	LOPP	PWC	Difference
Sharpe ratio Return per unit of total volatility	2.07	0.88	+1.19
Sortino ratio Return per unit of downside risk	2.92	1.33	+1.59
Omega ratio Gain probability vs. loss probability	1.35	1.15	+0.20
Calmar ratio Return relative to maximum drawdown	3.45	1.32	+2.12
Martin ratio Return relative to average drawdown	12.98	4.06	+8.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOPP vs. PWC - Sharpe Ratio Comparison

The current LOPP Sharpe Ratio is 2.07, which is higher than the PWC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of LOPP 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.

Sharpe Ratios by Period

	LOPP	PWC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.88	+1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.38	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.11	+0.45

Drawdowns

LOPP vs. PWC - Drawdown Comparison

The maximum LOPP drawdown since its inception was -25.28%, smaller than the maximum PWC drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for LOPP and PWC.

Drawdown Indicators

	LOPP	PWC	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-78.13%	+52.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.77%	-6.45%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-20.28%	-15.12%	-5.16%
Max Drawdown (5Y) Largest decline over 5 years	-25.28%	-26.58%	+1.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.45%	—
Current Drawdown Current decline from peak	-0.16%	-2.37%	+2.21%
Average Drawdown Average peak-to-trough decline	-8.25%	-36.21%	+27.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.10%	+0.49%

Volatility

LOPP vs. PWC - Volatility Comparison

Gabelli Love Our Planet & People ETF (LOPP) has a higher volatility of 5.88% compared to Invesco Dynamic Market ETF (PWC) at 2.14%. This indicates that LOPP's price experiences larger fluctuations and is considered to be riskier than PWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOPP	PWC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	2.14%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	7.19%	+5.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	9.75%	+6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	16.07%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.69%	18.81%	-1.12%

LOPP vs. PWC - Expense Ratio Comparison

LOPP has a 0.00% expense ratio, which is lower than PWC's 0.60% expense ratio.

Dividends

LOPP vs. PWC - Dividend Comparison

LOPP's dividend yield for the trailing twelve months is around 0.72%, less than PWC's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LOPP Gabelli Love Our Planet & People ETF	0.72%	0.83%	1.88%	2.23%	2.01%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PWC Invesco Dynamic Market ETF	1.68%	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 LOPP and PWC in my portfolio?

LOPP and PWC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOPP or PWC?

LOPP has higher volatility (5.88%) compared to PWC (2.14%). In terms of maximum drawdown, LOPP dropped -25.28% vs PWC's -78.13%.

Which ETF is better, LOPP or PWC?

On 5-year performance, LOPP leads with 7.80% vs 6.10% for PWC. On fees, LOPP is cheaper at 0.00% per year. On volatility, PWC has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOPP or PWC?

Over the 5-year period, LOPP has performed better with a 7.80% return vs 6.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOPP or PWC?

LOPP is cheaper with a 0.00% expense ratio, compared with 0.60% for PWC.

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

PWC has the higher dividend yield at 1.68%, compared with 0.72% for LOPP.

What is the main difference between LOPP and PWC?

They also come from different issuers: Gabelli and Invesco. Their fees differ too: 0.00% for LOPP and 0.60% for PWC.

Which has better risk-adjusted returns?

LOPP currently has the higher Sharpe Ratio (2.07 vs 0.88), 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.