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PWC vs. DEUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PWC vs. DEUS

Last updated Jun 24, 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 9.67%/yr vs 11.66%/yr for DEUS. Their correlation of 0.86 suggests significant overlap in exposure. 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.

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Returns By Period

In the year-to-date period, PWC achieves a 5.50% return, which is significantly lower than DEUS's 11.57% return. Over the past 10 years, PWC has underperformed DEUS with an annualized return of 9.67%, while DEUS has yielded a comparatively higher 11.66% annualized return.

PWC

1D
0.70%
1M
-1.43%
YTD
5.50%
6M
4.60%
1Y
8.55%
3Y*
13.17%
5Y*
6.41%
10Y*
9.67%

DEUS

1D
-0.33%
1M
1.48%
YTD
11.57%
6M
10.83%
1Y
18.59%
3Y*
15.98%
5Y*
9.71%
10Y*
11.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PWC vs. DEUS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PWC
Invesco Dynamic Market ETF		5.50%6.15%17.46%19.03%-16.01%19.38%8.52%13.47%-6.40%20.16%
DEUS
Xtrackers Russell US Multifactor ETF		11.57%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 0.83, 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

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

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 0.83 to 0.92 - a consistent structural relationship.

PWC vs. DEUS - Sectors Allocation Comparison

Sectors
PWC
DEUS

Technology

26.1%
17.7%

Financial Services

14.0%
11.7%

Healthcare

12.7%
11.4%

Consumer Cyclical

11.5%
10.5%

Industrials

10.3%
17.0%

Communication Services

7.0%
3.7%

Consumer Defensive

6.8%
7.3%

Energy

5.5%
5.1%

Real Estate

5.3%
4.2%

Basic Materials

3.5%
4.5%

Utilities

2.7%
6.9%

Technology

PWC
26.1%
DEUS
17.7%

Financial Services

PWC
14.0%
DEUS
11.7%

Healthcare

PWC
12.7%
DEUS
11.4%

Consumer Cyclical

PWC
11.5%
DEUS
10.5%

Industrials

PWC
10.3%
DEUS
17.0%

Communication Services

PWC
7.0%
DEUS
3.7%

Consumer Defensive

PWC
6.8%
DEUS
7.3%

Energy

PWC
5.5%
DEUS
5.1%

Real Estate

PWC
5.3%
DEUS
4.2%

Basic Materials

PWC
3.5%
DEUS
4.5%

Utilities

PWC
2.7%
DEUS
6.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Dynamic Market ETF

Xtrackers Russell US Multifactor ETF

Often compared with PWC:
PWC vs. FWRG.LPWC vs. SPYPWC vs. SCHGPWC vs. SOXXPWC vs. TUSAPWC vs. CGDVPWC vs. TXS
Often compared with DEUS:
DEUS vs. SPYDEUS vs. QLVDEUS vs. JPMEDEUS vs. DYNFDEUS vs. IMCBDEUS vs. JPSTDEUS vs. FLQM

Return for Risk

PWC vs. DEUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PWC
PWC Risk / Return Rank: 2626
Overall Rank
PWC Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
PWC Sortino Ratio Rank: 2525
Sortino Ratio Rank
PWC Omega Ratio Rank: 2323
Omega Ratio Rank
PWC Calmar Ratio Rank: 2929
Calmar Ratio Rank
PWC Martin Ratio Rank: 3030
Martin Ratio Rank
DEUS
DEUS Risk / Return Rank: 5656
Overall Rank
DEUS Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
DEUS Sortino Ratio Rank: 5454
Sortino Ratio Rank
DEUS Omega Ratio Rank: 4949
Omega Ratio Rank
DEUS Calmar Ratio Rank: 6060
Calmar Ratio Rank
DEUS Martin Ratio Rank: 6262
Martin Ratio Rank
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. 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.

PWCDEUSDifference
Sharpe ratioReturn per unit of total volatility
0.88
1.67

-0.80

Sortino ratioReturn per unit of downside risk
1.31
2.46

-1.14

Omega ratioGain probability vs. loss probability

1.15

1.29

-0.14

Calmar ratioReturn relative to maximum drawdown

1.33

2.73

-1.40

Martin ratioReturn relative to average drawdown

3.99

10.35

-6.36

PWC vs. DEUS - Sharpe Ratio Comparison

The current PWC Sharpe Ratio is 0.88, which is lower than the DEUS Sharpe Ratio of 1.67. 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.

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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.

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Drawdown Indicators

PWCDEUSDifference

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

-2.69%

-1.12%

-1.57%

Average Drawdown

Average peak-to-trough decline

-36.13%

-4.32%

-31.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

1.80%

+0.35%

Volatility

PWC vs. DEUS - Volatility Comparison

The current volatility for Invesco Dynamic Market ETF (PWC) is 2.87%, while Xtrackers Russell US Multifactor ETF (DEUS) has a volatility of 3.20%. This indicates that PWC experiences smaller price fluctuations and is considered to be less risky than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PWCDEUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

3.20%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

8.38%

-1.09%

Volatility (1Y)

Calculated over the trailing 1-year period

9.86%

11.22%

-1.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.03%

15.56%

+0.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.79%

17.97%

+0.82%

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 1.80%, more than DEUS's 1.43% yield.

PositionTTM20252024202320222021202020192018201720162015
DEUS
Xtrackers Russell US Multifactor ETF		1.43%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		1.80%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

PWC and DEUS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DEUS has higher volatility (3.20%) compared to PWC (2.87%). In terms of maximum drawdown, PWC dropped -78.13% vs DEUS's -40.47%.

On 10-year performance, DEUS leads with 11.66% vs 9.67% for PWC. On fees, DEUS is cheaper at 0.17% per year. On volatility, PWC has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DEUS has performed better with a 11.66% return vs 9.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

PWC has the higher dividend yield at 1.80%, compared with 1.43% for 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.

DEUS currently has the higher Sharpe Ratio (1.67 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.

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