PWC vs. BMVP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Dynamic Market ETF (PWC) and Invesco Bloomberg MVP Multi-factor ETF (BMVP).

PWC and BMVP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWC is a passively managed fund by Invesco that tracks the performance of the Dynamic Market Intellidex Index. It was launched on May 1, 2003. BMVP is a passively managed fund by Invesco that tracks the performance of the Bloomberg MVP Index. It was launched on May 1, 2003. Both PWC and BMVP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PWC vs. BMVP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Market ETF (PWC) and Invesco Bloomberg MVP Multi-factor ETF (BMVP). The values are adjusted to include any dividend payments, if applicable.

PWC vs. BMVP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWC Invesco Dynamic Market ETF	2.60%	6.15%	17.46%	19.03%	-16.01%	19.38%	8.52%	13.47%	-6.40%	20.16%
BMVP Invesco Bloomberg MVP Multi-factor ETF	2.60%	6.15%	17.46%	19.03%	-16.01%	19.38%	8.52%	13.47%	-6.40%	20.16%

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with PWC at 2.60% and BMVP at 2.60%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: PWC at 9.15% and BMVP at 9.15%.

PWC

• 1D: 1.17%
• 1M: -5.11%
• YTD: 2.60%
• 6M: 2.73%
• 1Y: 6.46%
• 3Y*: 12.67%
• 5Y*: 6.65%
• 10Y*: 9.15%

BMVP

• 1D: 1.17%
• 1M: -5.11%
• YTD: 2.60%
• 6M: 2.73%
• 1Y: 6.46%
• 3Y*: 12.67%
• 5Y*: 6.65%
• 10Y*: 9.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PWC vs. BMVP - Expense Ratio Comparison

PWC has a 0.60% expense ratio, which is higher than BMVP's 0.29% expense ratio.

PWC

Invesco Dynamic Market ETF

BMVP

Invesco Bloomberg MVP Multi-factor ETF

Return for Risk

PWC vs. BMVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PWC

PWC Risk / Return Rank: 29
PWC Sharpe Ratio Rank: 26
PWC Sortino Ratio Rank: 26
PWC Omega Ratio Rank: 26
PWC Calmar Ratio Rank: 29
PWC Martin Ratio Rank: 35

BMVP

BMVP Risk / Return Rank: 28
BMVP Sharpe Ratio Rank: 26
BMVP Sortino Ratio Rank: 26
BMVP Omega Ratio Rank: 26
BMVP Calmar Ratio Rank: 29
BMVP Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PWC vs. BMVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Market ETF (PWC) and Invesco Bloomberg MVP Multi-factor ETF (BMVP). 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.

	PWC	BMVP	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.46	0.00
Sortino ratio Return per unit of downside risk	0.74	0.74	0.00
Omega ratio Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio Return relative to maximum drawdown	0.70	0.70	0.00
Martin ratio Return relative to average drawdown	3.23	3.23	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PWC vs. BMVP - Sharpe Ratio Comparison

The current PWC Sharpe Ratio is 0.46, which is comparable to the BMVP Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of PWC and BMVP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PWC	BMVP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.46	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.41	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.49	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.11	0.00

Correlation

The correlation between PWC and BMVP is 1.00, 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.

Dividends

PWC vs. BMVP - Dividend Comparison

PWC's dividend yield for the trailing twelve months is around 1.73%, which matches BMVP's 1.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWC Invesco Dynamic Market ETF	1.73%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%
BMVP Invesco Bloomberg MVP Multi-factor ETF	1.73%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%

Drawdowns

PWC vs. BMVP - Drawdown Comparison

The maximum PWC drawdown since its inception was -78.13%, roughly equal to the maximum BMVP drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for PWC and BMVP.

Drawdown Indicators

	PWC	BMVP	Difference
Max Drawdown Largest peak-to-trough decline	-78.13%	-78.13%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.26%	-11.26%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-26.58%	0.00%
Max Drawdown (10Y) Largest decline over 10 years	-39.45%	-39.45%	0.00%
Current Drawdown Current decline from peak	-5.36%	-5.36%	0.00%
Average Drawdown Average peak-to-trough decline	-36.46%	-36.46%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.45%	0.00%

Volatility

PWC vs. BMVP - Volatility Comparison

Invesco Dynamic Market ETF (PWC) and Invesco Bloomberg MVP Multi-factor ETF (BMVP) have volatilities of 3.07% and 3.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PWC	BMVP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.07%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	7.37%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	14.30%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.29%	16.29%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	18.84%	0.00%