PWB vs. VTI
Compare and contrast key facts about Invesco Dynamic Large Cap Growth ETF (PWB) and Vanguard Total Stock Market ETF (VTI).
PWB and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both PWB and VTI 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 VTI.
Key characteristics
| PWB | VTI | |
|---|---|---|
| YTD Return | 33.98% | 25.21% |
| 1Y Return | 41.92% | 33.95% |
| 3Y Return (Ann) | 9.23% | 8.40% |
| 5Y Return (Ann) | 16.35% | 14.97% |
| 10Y Return (Ann) | 14.42% | 12.80% |
| Sharpe Ratio | 2.71 | 2.76 |
| Sortino Ratio | 3.59 | 3.68 |
| Omega Ratio | 1.48 | 1.51 |
| Calmar Ratio | 4.11 | 4.00 |
| Martin Ratio | 16.84 | 17.66 |
| Ulcer Index | 2.45% | 1.94% |
| Daily Std Dev | 15.24% | 12.43% |
| Max Drawdown | -52.58% | -55.45% |
| Current Drawdown | -1.19% | -1.18% |
Correlation
The correlation between PWB and VTI is 0.91, 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. VTI - Performance Comparison
In the year-to-date period, PWB achieves a 33.98% return, which is significantly higher than VTI's 25.21% return. Over the past 10 years, PWB has outperformed VTI with an annualized return of 14.42%, while VTI has yielded a comparatively lower 12.80% 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. VTI - Expense Ratio Comparison
PWB has a 0.56% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
PWB vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Growth ETF (PWB) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
PWB's dividend yield for the trailing twelve months is around 0.11%, less than VTI's 1.27% 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% |
VTI Vanguard Total Stock Market ETF | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
PWB vs. VTI - Drawdown Comparison
The maximum PWB drawdown since its inception was -52.58%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PWB and VTI. For additional features, visit the drawdowns tool.
Volatility
PWB vs. VTI - Volatility Comparison
Invesco Dynamic Large Cap Growth ETF (PWB) has a higher volatility of 4.38% compared to Vanguard Total Stock Market ETF (VTI) at 4.05%. This indicates that PWB's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.