PWB vs. SCHG
Compare and contrast key facts about Invesco Dynamic Large Cap Growth ETF (PWB) and Schwab U.S. Large-Cap Growth ETF (SCHG).
PWB and SCHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWB is a passively managed fund by Invesco that tracks the performance of the Dynamic Large Cap Growth Intellidex Index. It was launched on Mar 3, 2005. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both PWB and SCHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PWB or SCHG.
Key characteristics
| PWB | SCHG | |
|---|---|---|
| YTD Return | 33.98% | 33.21% |
| 1Y Return | 41.92% | 40.95% |
| 3Y Return (Ann) | 9.23% | 10.95% |
| 5Y Return (Ann) | 16.35% | 20.47% |
| 10Y Return (Ann) | 14.42% | 16.71% |
| Sharpe Ratio | 2.71 | 2.42 |
| Sortino Ratio | 3.59 | 3.14 |
| Omega Ratio | 1.48 | 1.44 |
| Calmar Ratio | 4.11 | 3.30 |
| Martin Ratio | 16.84 | 13.16 |
| Ulcer Index | 2.45% | 3.10% |
| Daily Std Dev | 15.24% | 16.86% |
| Max Drawdown | -52.58% | -34.59% |
| Current Drawdown | -1.19% | -1.01% |
Correlation
The correlation between PWB and SCHG is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PWB vs. SCHG - Performance Comparison
The year-to-date returns for both stocks are quite close, with PWB having a 33.98% return and SCHG slightly lower at 33.21%. Over the past 10 years, PWB has underperformed SCHG with an annualized return of 14.42%, while SCHG has yielded a comparatively higher 16.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PWB vs. SCHG - Expense Ratio Comparison
PWB has a 0.56% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
PWB vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Growth ETF (PWB) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.
Dividends
PWB vs. SCHG - Dividend Comparison
PWB's dividend yield for the trailing twelve months is around 0.11%, less than SCHG's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 0.11% | 0.37% | 0.31% | 0.03% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% | 0.43% | 0.42% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% | 1.07% |
Drawdowns
PWB vs. SCHG - Drawdown Comparison
The maximum PWB drawdown since its inception was -52.58%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for PWB and SCHG. For additional features, visit the drawdowns tool.
Volatility
PWB vs. SCHG - Volatility Comparison
The current volatility for Invesco Dynamic Large Cap Growth ETF (PWB) is 4.38%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 5.26%. This indicates that PWB experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.