PBW vs. DUSG

Last updated Jul 17, 2026

PBW (Invesco WilderHill Clean Energy ETF) and DUSG (Dimensional U.S. Small Cap Growth ETF) are both Small Cap Growth Equities funds. PBW is passively managed, while DUSG is actively managed. At a 0.48 correlation, their price movements are largely independent. PBW charges 0.61%/yr vs 0.32%/yr for DUSG.

Performance

PBW vs. DUSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco WilderHill Clean Energy ETF (PBW) and Dimensional U.S. Small Cap Growth ETF (DUSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PBW

• 1D: -4.27%
• 1M: -15.98%
• 6M: -3.48%
• YTD: 10.21%
• 1Y: 48.80%
• 3Y*: -6.65%
• 5Y*: -14.11%
• 10Y*: 7.36%

DUSG

• 1D: 0.69%
• 1M: 0.55%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBW vs. DUSG - Yearly Performance Comparison

	2026 (YTD)
PBW Invesco WilderHill Clean Energy ETF	-15.11%
DUSG Dimensional U.S. Small Cap Growth ETF	3.37%

Correlation

The correlation between PBW and DUSG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 6, 2026	0.48

Return for Risk

PBW vs. DUSG — Risk / Return Rank

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

PBW

PBW Risk / Return Rank: 38
PBW Sharpe Ratio Rank: 38
PBW Sortino Ratio Rank: 37
PBW Omega Ratio Rank: 35
PBW Calmar Ratio Rank: 41
PBW Martin Ratio Rank: 38

DUSG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PBW vs. DUSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco WilderHill Clean Energy ETF (PBW) and Dimensional U.S. Small Cap Growth ETF (DUSG). 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.

	PBW	DUSG	Difference
Sharpe ratio: Return per unit of total volatility	1.13	—	—
Sortino ratio: Return per unit of downside risk	1.64	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.72	—	—
Martin ratio: Return relative to average drawdown	4.87	—	—

Drawdowns

PBW vs. DUSG - Drawdown Comparison

The maximum PBW drawdown since its inception was -89.02%, which is greater than DUSG's maximum drawdown of -4.19%. Use the drawdown chart below to compare losses from any high point for PBW and DUSG.

Drawdown Indicators

	PBW	DUSG	Difference
Max Drawdown Largest peak-to-trough decline	-89.02%	-4.19%	-84.83%
Max Drawdown (1Y) Largest decline over 1 year	-28.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-84.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.02%	—	—
Current Drawdown Current decline from peak	-72.23%	-1.66%	-70.57%
Average Drawdown Average peak-to-trough decline	-62.92%	-1.14%	-61.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.04%	—	—

Volatility

Volatility by Period

	PBW	DUSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	43.37%	14.63%	+28.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.54%	14.63%	+28.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.11%	14.63%	+24.48%

PBW vs. DUSG - Expense Ratio Comparison

PBW has a 0.61% expense ratio, which is higher than DUSG's 0.32% expense ratio.

Dividends

PBW vs. DUSG - Dividend Comparison

PBW's dividend yield for the trailing twelve months is around 1.41%, more than DUSG's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUSG Dimensional U.S. Small Cap Growth ETF	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PBW Invesco WilderHill Clean Energy ETF	1.41%	0.79%	2.84%	3.68%	4.21%	1.71%	0.44%	1.45%	2.04%	1.28%	2.68%	1.53%

Frequently Asked Questions

Can I hold both PBW and DUSG in my portfolio?

PBW and DUSG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBW or DUSG?

On fees, DUSG is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBW or DUSG?

DUSG is cheaper with a 0.32% expense ratio, compared with 0.61% for PBW.

Which ETF pays a higher dividend yield, PBW or DUSG?

PBW has the higher dividend yield at 1.41%, compared with 0.14% for DUSG.

What is the main difference between PBW and DUSG?

They also come from different issuers: Invesco and Dimensional Fund Advisors. Their fees differ too: 0.61% for PBW and 0.32% for DUSG.