PBUS vs. VV

Last updated Jun 3, 2026

PBUS (Invesco PureBeta MSCI USA ETF) and VV (Vanguard Large-Cap ETF) are both Large Cap Growth Equities funds - PBUS tracks the MSCI USA Index while VV tracks the CRSP US Large Cap Index. Both are passively managed. Over the past 5 years, PBUS returned 13.84%/yr vs 13.92%/yr for VV. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.04% expense ratio.

Performance

PBUS vs. VV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco PureBeta MSCI USA ETF (PBUS) and Vanguard Large-Cap ETF (VV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PBUS having a 11.54% return and VV slightly lower at 11.49%.

PBUS

• 1D: 0.18%
• 1M: 5.47%
• YTD: 11.54%
• 6M: 11.77%
• 1Y: 29.25%
• 3Y*: 22.88%
• 5Y*: 13.84%
• 10Y*: —

VV

• 1D: 0.18%
• 1M: 5.61%
• YTD: 11.49%
• 6M: 11.76%
• 1Y: 29.28%
• 3Y*: 22.98%
• 5Y*: 13.92%
• 10Y*: 15.66%

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

PBUS vs. VV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBUS Invesco PureBeta MSCI USA ETF	11.54%	17.58%	24.99%	27.33%	-19.64%	26.77%	21.75%	31.60%	-4.77%	7.13%
VV Vanguard Large-Cap ETF	11.49%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	7.49%

Correlation

The correlation between PBUS and VV is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 25, 2017	0.89

The correlation between PBUS and VV shifts across timeframes, from 0.89 (all time) to 1.00 (1 year), reflecting how their relationship changes across market environments.

PBUS vs. VV - Sectors Allocation Comparison

Sectors	PBUS	VV
Technology	35.4%	35.9%
Financial Services	11.6%	11.8%
Communication Services	11.3%	11.2%
Consumer Cyclical	10.1%	9.8%
Healthcare	8.6%	8.6%
Industrials	8.6%	8.0%
Consumer Defensive	4.8%	4.8%
Energy	3.6%	3.6%
Utilities	2.3%	2.7%
Real Estate	1.9%	1.7%
Basic Materials	1.8%	1.6%

Return for Risk

PBUS vs. VV — Risk / Return Rank

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

PBUS

PBUS Risk / Return Rank: 72
PBUS Sharpe Ratio Rank: 74
PBUS Sortino Ratio Rank: 72
PBUS Omega Ratio Rank: 73
PBUS Calmar Ratio Rank: 65
PBUS Martin Ratio Rank: 77

VV

VV Risk / Return Rank: 73
VV Sharpe Ratio Rank: 74
VV Sortino Ratio Rank: 73
VV Omega Ratio Rank: 74
VV Calmar Ratio Rank: 65
VV Martin Ratio Rank: 77

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.

PBUS vs. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta MSCI USA ETF (PBUS) and Vanguard Large-Cap ETF (VV). 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.

	PBUS	VV	Difference
Sharpe ratio Return per unit of total volatility	2.44	2.46	-0.02
Sortino ratio Return per unit of downside risk	3.32	3.35	-0.03
Omega ratio Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio Return relative to maximum drawdown	3.32	3.28	+0.03
Martin ratio Return relative to average drawdown	15.05	15.05	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBUS vs. VV - Sharpe Ratio Comparison

The current PBUS Sharpe Ratio is 2.44, which is comparable to the VV Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of PBUS and VV, 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

	PBUS	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.46	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.81	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.60	+0.20

Drawdowns

PBUS vs. VV - Drawdown Comparison

The maximum PBUS drawdown since its inception was -33.15%, smaller than the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for PBUS and VV.

Drawdown Indicators

	PBUS	VV	Difference
Max Drawdown Largest peak-to-trough decline	-33.15%	-54.81%	+21.66%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-9.21%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-18.97%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	-25.66%	+0.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.28%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.13%	-6.84%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.01%	-0.02%

Volatility

PBUS vs. VV - Volatility Comparison

Invesco PureBeta MSCI USA ETF (PBUS) has a higher volatility of 2.86% compared to Vanguard Large-Cap ETF (VV) at 2.72%. This indicates that PBUS's price experiences larger fluctuations and is considered to be riskier than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBUS	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	2.72%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	8.96%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	11.98%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	17.22%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	18.20%	+1.14%

PBUS vs. VV - Expense Ratio Comparison

Both PBUS and VV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PBUS vs. VV - Dividend Comparison

PBUS's dividend yield for the trailing twelve months is around 0.97%, which matches VV's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBUS Invesco PureBeta MSCI USA ETF	0.97%	1.05%	1.20%	1.36%	1.71%	0.98%	1.35%	1.53%	2.33%	0.50%	0.00%	0.00%
VV Vanguard Large-Cap ETF	0.97%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both PBUS and VV in my portfolio?

With a correlation of 1.00, PBUS and VV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PBUS or VV?

PBUS has higher volatility (2.86%) compared to VV (2.72%). In terms of maximum drawdown, PBUS dropped -33.15% vs VV's -54.81%.

Which ETF is better, PBUS or VV?

On 5-year performance, VV leads with 13.92% vs 13.84% for PBUS. Both ETFs have the same 0.04% expense ratio. On volatility, VV has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PBUS or VV?

Over the 5-year period, VV has performed better with a 13.92% return vs 13.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PBUS or VV?

PBUS and VV have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, PBUS or VV?

PBUS and VV have nearly identical dividend yields, around 0.97%.

What is the main difference between PBUS and VV?

PBUS tracks MSCI USA Index, while VV tracks CRSP US Large Cap Index. They also come from different issuers: Invesco and Vanguard.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (2.46 vs 2.44), 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.