PWC vs. BMVP

Last updated Jun 4, 2026

PWC (Invesco Dynamic Market ETF) and BMVP (Invesco Bloomberg MVP Multi-factor ETF) are both Mid Cap Blend Equities funds from Invesco - PWC tracks the Dynamic Market Intellidex Index while BMVP tracks the Bloomberg MVP Index. Both are passively managed. Over the past 10 years, PWC returned 9.52%/yr vs 9.52%/yr for BMVP. With a 1.00 correlation, they move nearly in lockstep. PWC charges 0.60%/yr vs 0.29%/yr for BMVP.

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.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with PWC at 5.85% and BMVP at 5.85%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: PWC at 9.52% and BMVP at 9.52%.

PWC

• 1D: -0.13%
• 1M: 0.31%
• YTD: 5.85%
• 6M: 6.04%
• 1Y: 8.50%
• 3Y*: 13.71%
• 5Y*: 6.10%
• 10Y*: 9.52%

BMVP

• 1D: -0.13%
• 1M: 0.31%
• YTD: 5.85%
• 6M: 6.04%
• 1Y: 8.50%
• 3Y*: 13.71%
• 5Y*: 6.10%
• 10Y*: 9.52%

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

PWC vs. BMVP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWC Invesco Dynamic Market ETF	5.85%	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	5.85%	6.15%	17.46%	19.03%	-16.01%	19.38%	8.52%	13.47%	-6.40%	20.16%

Correlation

The correlation between PWC and BMVP is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 2, 2003	1.00

The correlation between PWC and BMVP has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

PWC vs. BMVP - Sectors Allocation Comparison

Sectors	PWC	BMVP
Technology	26.1%	16.4%
Financial Services	14.0%	16.4%
Healthcare	12.7%	9.7%
Consumer Cyclical	11.5%	10.6%
Industrials	10.3%	16.8%
Communication Services	7.0%	7.6%
Consumer Defensive	6.8%	5.1%
Real Estate	5.6%	5.5%
Energy	5.5%	5.2%
Basic Materials	3.5%	1.6%
Utilities	2.7%	5.1%

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: 25
PWC Sharpe Ratio Rank: 25
PWC Sortino Ratio Rank: 24
PWC Omega Ratio Rank: 22
PWC Calmar Ratio Rank: 28
PWC Martin Ratio Rank: 28

BMVP

BMVP Risk / Return Rank: 25
BMVP Sharpe Ratio Rank: 24
BMVP Sortino Ratio Rank: 25
BMVP Omega Ratio Rank: 22
BMVP Calmar Ratio Rank: 28
BMVP Martin Ratio Rank: 29

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	0.88	0.88	0.00
Sortino ratio: Return per unit of downside risk	1.33	1.33	0.00
Omega ratio: Gain probability vs. loss probability	1.15	1.15	0.00
Calmar ratio: Return relative to maximum drawdown	1.32	1.32	0.00
Martin ratio: Return relative to average drawdown	4.06	4.06	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 0.88, which is comparable to the BMVP Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of PWC and BMVP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PWC	BMVP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.88	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.38	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.51	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.11	0.00

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	-6.45%	-6.45%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-15.12%	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	-2.37%	-2.37%	0.00%
Average Drawdown Average peak-to-trough decline	-36.21%	-36.21%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.10%	0.00%

Volatility

PWC vs. BMVP - Volatility Comparison

Invesco Dynamic Market ETF (PWC) and Invesco Bloomberg MVP Multi-factor ETF (BMVP) have volatilities of 2.14% and 2.14%, 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	2.14%	2.14%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	7.19%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	9.75%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	16.07%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	18.81%	0.00%

PWC vs. BMVP - Expense Ratio Comparison

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

Dividends

PWC vs. BMVP - Dividend Comparison

PWC's dividend yield for the trailing twelve months is around 1.68%, which matches BMVP's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMVP Invesco Bloomberg MVP Multi-factor ETF	1.68%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%
PWC Invesco Dynamic Market ETF	1.68%	1.77%	1.58%	1.67%	1.51%	0.56%	1.09%	0.95%	1.44%	1.75%	1.35%	1.02%

Frequently Asked Questions

Can I hold both PWC and BMVP in my portfolio?

With a correlation of 1.00, PWC and BMVP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PWC or BMVP?

BMVP has higher volatility (2.14%) compared to PWC (2.14%). In terms of maximum drawdown, PWC dropped -78.13% vs BMVP's -78.13%.

Which ETF is better, PWC or BMVP?

On 10-year performance, BMVP leads with 9.52% vs 9.52% for PWC. On fees, BMVP is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PWC or BMVP?

Over the 10-year period, BMVP has performed better with a 9.52% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PWC or BMVP?

BMVP is cheaper with a 0.29% expense ratio, compared with 0.60% for PWC.

Which ETF pays a higher dividend yield, PWC or BMVP?

PWC and BMVP have nearly identical dividend yields, around 1.68%.

What is the main difference between PWC and BMVP?

PWC tracks Dynamic Market Intellidex Index, while BMVP tracks Bloomberg MVP Index. Their fees differ too: 0.60% for PWC and 0.29% for BMVP.

Which has better risk-adjusted returns?

BMVP currently has the higher Sharpe Ratio (0.88 vs 0.88), 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.