PWB vs. XLG
Compare and contrast key facts about Invesco Dynamic Large Cap Growth ETF (PWB) and Invesco S&P 500® Top 50 ETF (XLG).
PWB and XLG 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. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. Both PWB and XLG 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 XLG.
Correlation
The correlation between PWB and XLG is 0.88, 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. XLG - Performance Comparison
Key characteristics
PWB:
1.98
XLG:
2.24
PWB:
2.65
XLG:
2.92
PWB:
1.36
XLG:
1.41
PWB:
3.15
XLG:
2.98
PWB:
12.51
XLG:
12.32
PWB:
2.53%
XLG:
2.74%
PWB:
15.96%
XLG:
15.08%
PWB:
-52.58%
XLG:
-52.39%
PWB:
-5.39%
XLG:
-3.08%
Returns By Period
The year-to-date returns for both investments are quite close, with PWB having a 31.78% return and XLG slightly higher at 33.36%. Over the past 10 years, PWB has underperformed XLG with an annualized return of 13.85%, while XLG has yielded a comparatively higher 15.12% annualized return.
PWB
31.78%
-0.79%
8.50%
33.44%
15.04%
13.85%
XLG
33.36%
2.50%
8.84%
33.15%
17.95%
15.12%
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PWB vs. XLG - Expense Ratio Comparison
PWB has a 0.56% expense ratio, which is higher than XLG's 0.20% expense ratio.
Risk-Adjusted Performance
PWB vs. XLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Growth ETF (PWB) and Invesco S&P 500® Top 50 ETF (XLG). 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. XLG - Dividend Comparison
PWB's dividend yield for the trailing twelve months is around 0.01%, less than XLG's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 0.01% | 0.37% | 0.31% | 0.03% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% | 0.43% | 0.42% |
XLG Invesco S&P 500® Top 50 ETF | 0.54% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
Drawdowns
PWB vs. XLG - Drawdown Comparison
The maximum PWB drawdown since its inception was -52.58%, roughly equal to the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for PWB and XLG. For additional features, visit the drawdowns tool.
Volatility
PWB vs. XLG - Volatility Comparison
Invesco Dynamic Large Cap Growth ETF (PWB) has a higher volatility of 5.32% compared to Invesco S&P 500® Top 50 ETF (XLG) at 4.00%. This indicates that PWB's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.