PWC vs. DEUS

Last updated Aug 4, 2026

PWC (Invesco Dynamic Market ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both Mid Cap Blend Equities funds - PWC tracks the Dynamic Market Intellidex Index while DEUS tracks the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 10 years, PWC returned 9.55%/yr vs 11.41%/yr for DEUS. Their correlation of 0.86 means they have usually moved in the same direction. PWC charges 0.60%/yr vs 0.17%/yr for DEUS.

Performance

PWC vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Market ETF (PWC) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWC achieves a 10.69% return, which is significantly lower than DEUS's 15.73% return. Over the past 10 years, PWC has underperformed DEUS with an annualized return of 9.55%, while DEUS has yielded a comparatively higher 11.41% annualized return.

PWC

• 1D: 0.27%
• 1M: 3.19%
• 6M: 5.07%
• YTD: 10.69%
• 1Y: 14.63%
• 3Y*: 13.34%
• 5Y*: 7.35%
• 10Y*: 9.55%
• ALL TIME*: 2.96%

DEUS

• 1D: 0.53%
• 1M: 1.84%
• 6M: 10.76%
• YTD: 15.73%
• 1Y: 21.67%
• 3Y*: 15.79%
• 5Y*: 10.01%
• 10Y*: 11.41%
• ALL TIME*: 11.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DEUS Xtrackers Russell US Multifactor ETF	$638.57K	$826.95K	$989.73K
PWC Invesco Dynamic Market ETF	$45.96K	$66.92K	$59.96K

PWC vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWC Invesco Dynamic Market ETF	10.69%	6.15%	17.46%	19.03%	-16.01%	19.38%	8.52%	13.47%	-6.40%	20.16%
DEUS Xtrackers Russell US Multifactor ETF	15.73%	10.41%	14.33%	14.73%	-11.18%	26.31%	8.81%	28.80%	-9.16%	20.20%

Correlation

The correlation between PWC and DEUS is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.86

The correlation between PWC and DEUS has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.

PWC vs. DEUS - Sectors Allocation Comparison

Sectors	PWC	DEUS
Financial Services	16.9%	13.8%
Industrials	14.4%	18.7%
Technology	14.2%	10.5%
Healthcare	10.9%	12.9%
Consumer Cyclical	7.4%	11.1%
Communication Services	7.3%	3.2%
Energy	5.8%	5.2%
Basic Materials	5.5%	4.1%
Utilities	5.3%	7.4%
Real Estate	5.3%	5.6%
Consumer Defensive	5.3%	7.5%

Return for Risk

PWC vs. DEUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PWC

PWC Risk / Return Rank: 58
PWC Sharpe Ratio Rank: 58
PWC Sortino Ratio Rank: 62
PWC Omega Ratio Rank: 55
PWC Calmar Ratio Rank: 61
PWC Martin Ratio Rank: 54

DEUS

DEUS Risk / Return Rank: 82
DEUS Sharpe Ratio Rank: 80
DEUS Sortino Ratio Rank: 84
DEUS Omega Ratio Rank: 78
DEUS Calmar Ratio Rank: 82
DEUS Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PWC vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Market ETF (PWC) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

	PWC	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.96	-0.48
Sortino ratio: Return per unit of downside risk	2.21	2.88	-0.68
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.09
Calmar ratio: Return relative to maximum drawdown	2.28	3.19	-0.91
Martin ratio: Return relative to average drawdown	6.81	12.26	-5.45

PWC vs. DEUS - Sharpe Ratio Comparison

The current PWC Sharpe Ratio is 1.48, which is comparable to the DEUS Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of PWC and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PWC vs. DEUS - Drawdown Comparison

The maximum PWC drawdown since its inception was -78.13%, which is greater than DEUS's maximum drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for PWC and DEUS.

Drawdown Indicators

	PWC	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-78.13%	-40.47%	-37.66%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-6.83%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	-16.69%	+1.57%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-20.89%	-5.69%
Max Drawdown (10Y) Largest decline over 10 years	-39.45%	-40.47%	+1.02%
Current Drawdown Current decline from peak	-1.29%	-1.01%	-0.28%
Average Drawdown Average peak-to-trough decline	-35.96%	-4.28%	-31.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.77%	+0.38%

Volatility

PWC vs. DEUS - Volatility Comparison

Invesco Dynamic Market ETF (PWC) has a higher volatility of 3.26% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.05%. This indicates that PWC's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PWC	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.05%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	7.29%	8.23%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	11.14%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	15.49%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.74%	17.95%	+0.79%

PWC vs. DEUS - Expense Ratio Comparison

PWC has a 0.60% expense ratio, which is higher than DEUS's 0.17% expense ratio.

Dividends

PWC vs. DEUS - Dividend Comparison

PWC's dividend yield for the trailing twelve months is around 1.71%, more than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%	0.00%
PWC Invesco Dynamic Market ETF	1.71%	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 DEUS in my portfolio?

PWC and DEUS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PWC or DEUS?

PWC has higher volatility (3.26%) compared to DEUS (3.05%). In terms of maximum drawdown, PWC dropped -78.13% vs DEUS's -40.47%.

Which ETF is better, PWC or DEUS?

On 10-year performance, DEUS leads with 11.41% vs 9.55% for PWC. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PWC or DEUS?

Over the 10-year period, DEUS has performed better with a 11.41% return vs 9.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PWC or DEUS?

DEUS is cheaper with a 0.17% expense ratio, compared with 0.60% for PWC.

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

PWC has the higher dividend yield at 1.71%, compared with 1.38% for DEUS.

What is the main difference between PWC and DEUS?

PWC tracks Dynamic Market Intellidex Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.60% for PWC and 0.17% for DEUS.

Which has better risk-adjusted returns?

DEUS currently has the higher Sharpe Ratio (1.96 vs 1.48), 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.