PWB vs. RFDA
PWB (Invesco Dynamic Large Cap Growth ETF) and RFDA (RiverFront Dynamic US Dividend Advantage ETF) are both Large Cap Growth Equities funds. PWB is passively managed, while RFDA is actively managed. Over the past 10 years, PWB returned 18.61%/yr vs 13.39%/yr for RFDA. A 0.78 correlation means they provide meaningful diversification when combined. PWB charges 0.56%/yr vs 0.52%/yr for RFDA.
Performance
PWB vs. RFDA - Performance Comparison
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Returns By Period
In the year-to-date period, PWB achieves a 26.79% return, which is significantly higher than RFDA's 10.77% return. Over the past 10 years, PWB has outperformed RFDA with an annualized return of 18.61%, while RFDA has yielded a comparatively lower 13.39% annualized return.
PWB
- 1D
- -4.36%
- 1M
- 4.17%
- YTD
- 26.79%
- 6M
- 24.81%
- 1Y
- 42.75%
- 3Y*
- 32.92%
- 5Y*
- 17.17%
- 10Y*
- 18.61%
RFDA
- 1D
- 0.22%
- 1M
- 0.36%
- YTD
- 10.77%
- 6M
- 9.90%
- 1Y
- 26.59%
- 3Y*
- 18.80%
- 5Y*
- 12.89%
- 10Y*
- 13.39%
PWB vs. RFDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 26.79% | 24.94% | 31.04% | 30.61% | -25.81% | 19.58% | 31.89% | 24.68% | 0.88% | 30.71% |
RFDA RiverFront Dynamic US Dividend Advantage ETF | 10.77% | 16.42% | 20.12% | 16.98% | -8.58% | 25.94% | 11.26% | 27.15% | -9.27% | 19.86% |
Correlation
The correlation between PWB and RFDA is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2016 | 0.78 |
The correlation between PWB and RFDA shifts across timeframes, from 0.64 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PWB vs. RFDA — Risk / Return Rank
PWB
RFDA
PWB vs. RFDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Growth ETF (PWB) and RiverFront Dynamic US Dividend Advantage ETF (RFDA). 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.
| PWB | RFDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.42 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 4.90 | -1.36 |
| Martin ratioReturn relative to average drawdown | 14.75 | 17.52 | -2.77 |
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Drawdowns
PWB vs. RFDA - Drawdown Comparison
The maximum PWB drawdown since its inception was -52.58%, which is greater than RFDA's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for PWB and RFDA.
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Drawdown Indicators
| PWB | RFDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -34.60% | -17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -5.45% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -19.35% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -19.35% | -12.06% |
Max Drawdown (10Y)Largest decline over 10 years | -32.36% | -34.60% | +2.24% |
Current DrawdownCurrent decline from peak | -4.36% | -1.67% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -3.73% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.52% | +1.39% |
Volatility
PWB vs. RFDA - Volatility Comparison
Invesco Dynamic Large Cap Growth ETF (PWB) has a higher volatility of 10.34% compared to RiverFront Dynamic US Dividend Advantage ETF (RFDA) at 3.29%. This indicates that PWB's price experiences larger fluctuations and is considered to be riskier than RFDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWB | RFDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 3.29% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.43% | 8.77% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 11.72% | +9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 15.75% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 16.87% | +4.04% |
PWB vs. RFDA - Expense Ratio Comparison
PWB has a 0.56% expense ratio, which is higher than RFDA's 0.52% expense ratio.
Dividends
PWB vs. RFDA - Dividend Comparison
PWB has not paid dividends to shareholders, while RFDA's dividend yield for the trailing twelve months is around 1.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 0.00% | 0.00% | 0.08% | 0.37% | 0.31% | 0.04% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% |
RFDA RiverFront Dynamic US Dividend Advantage ETF | 1.80% | 1.89% | 2.23% | 2.68% | 3.57% | 1.44% | 1.62% | 1.87% | 2.44% | 1.90% | 0.98% | 0.00% |
Frequently Asked Questions
PWB and RFDA have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWB has higher volatility (10.34%) compared to RFDA (3.29%). In terms of maximum drawdown, PWB dropped -52.58% vs RFDA's -34.60%.
On 10-year performance, PWB leads with 18.61% vs 13.39% for RFDA. On fees, RFDA is cheaper at 0.52% per year. On volatility, RFDA has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PWB has performed better with a 18.61% return vs 13.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RFDA is cheaper with a 0.52% expense ratio, compared with 0.56% for PWB.
RFDA has the higher dividend yield at 1.80%, compared with 0.00% for PWB.
They also come from different issuers: Invesco and SS&C. Their fees differ too: 0.56% for PWB and 0.52% for RFDA.
RFDA currently has the higher Sharpe Ratio (2.28 vs 2.08), 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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