PWB vs. VTI
PWB (Invesco Dynamic Large Cap Growth ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - PWB is a Large Cap Growth Equities fund tracking the Dynamic Large Cap Growth Intellidex Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, PWB returned 19.14%/yr vs 15.31%/yr for VTI. Their correlation of 0.91 suggests significant overlap in exposure. PWB charges 0.56%/yr vs 0.03%/yr for VTI.
Performance
PWB vs. VTI - Performance Comparison
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Returns By Period
In the year-to-date period, PWB achieves a 32.57% return, which is significantly higher than VTI's 10.35% return. Over the past 10 years, PWB has outperformed VTI with an annualized return of 19.14%, while VTI has yielded a comparatively lower 15.31% annualized return.
PWB
- 1D
- 1.13%
- 1M
- 8.92%
- YTD
- 32.57%
- 6M
- 30.75%
- 1Y
- 51.42%
- 3Y*
- 34.91%
- 5Y*
- 18.43%
- 10Y*
- 19.14%
VTI
- 1D
- -0.32%
- 1M
- 0.55%
- YTD
- 10.35%
- 6M
- 9.59%
- 1Y
- 27.18%
- 3Y*
- 21.19%
- 5Y*
- 12.36%
- 10Y*
- 15.31%
PWB vs. VTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 32.57% | 24.94% | 31.04% | 30.61% | -25.81% | 19.58% | 31.89% | 24.68% | 0.88% | 30.71% |
VTI Vanguard Total Stock Market ETF | 10.35% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
Correlation
The correlation between PWB and VTI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005 | 0.91 |
The correlation between PWB and VTI has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
PWB vs. VTI — Risk / Return Rank
PWB
VTI
PWB vs. VTI - Risk-Adjusted Trends 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.
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 | VTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 3.06 | +1.21 |
| Martin ratioReturn relative to average drawdown | 17.82 | 13.68 | +4.14 |
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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.
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Drawdown Indicators
| PWB | VTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -55.45% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -8.92% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -19.30% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -31.41% | -25.36% | -6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.36% | -35.00% | +2.64% |
Current DrawdownCurrent decline from peak | 0.00% | -1.48% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -8.01% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.99% | +0.90% |
Volatility
PWB vs. VTI - Volatility Comparison
Invesco Dynamic Large Cap Growth ETF (PWB) has a higher volatility of 9.11% compared to Vanguard Total Stock Market ETF (VTI) at 4.74%. 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.
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Volatility by Period
| PWB | VTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 4.74% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 9.96% | +6.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 12.76% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 17.49% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 18.35% | +2.53% |
PWB vs. VTI - Expense Ratio Comparison
PWB has a 0.56% expense ratio, which is higher than VTI's 0.03% expense ratio.
Dividends
PWB vs. VTI - Dividend Comparison
PWB has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.02%.
| 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% |
VTI Vanguard Total Stock Market ETF | 1.02% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
Frequently Asked Questions
PWB and VTI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWB has higher volatility (9.11%) compared to VTI (4.74%). In terms of maximum drawdown, PWB dropped -52.58% vs VTI's -55.45%.
On 10-year performance, PWB leads with 19.14% vs 15.31% for VTI. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 4.74%. 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 19.14% return vs 15.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTI is cheaper with a 0.03% expense ratio, compared with 0.56% for PWB.
VTI has the higher dividend yield at 1.02%, compared with 0.00% for PWB.
PWB is categorized as Large Cap Growth Equities, while VTI is Large Cap Blend Equities. PWB tracks Dynamic Large Cap Growth Intellidex Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.56% for PWB and 0.03% for VTI.
PWB currently has the higher Sharpe Ratio (2.56 vs 2.14), 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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