PWV vs. IDMO
PWV (Invesco Dynamic Large Cap Value ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - PWV is a Large Cap Value Equities fund tracking the Dynamic Large Cap Value Intellidex Index (AMEX), while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, PWV returned 12.04%/yr vs 12.47%/yr for IDMO. At a 0.44 correlation, their price movements are largely independent. PWV charges 0.58%/yr vs 0.25%/yr for IDMO.
Performance
PWV vs. IDMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PWV achieves a 19.73% return, which is significantly higher than IDMO's 8.27% return. Both investments have delivered pretty close results over the past 10 years, with PWV having a 12.04% annualized return and IDMO not far ahead at 12.47%.
PWV
- 1D
- 0.64%
- 1M
- 3.55%
- 6M
- 18.03%
- YTD
- 19.73%
- 1Y
- 30.53%
- 3Y*
- 21.53%
- 5Y*
- 15.02%
- 10Y*
- 12.04%
IDMO
- 1D
- -1.59%
- 1M
- -2.15%
- 6M
- 5.42%
- YTD
- 8.27%
- 1Y
- 21.68%
- 3Y*
- 24.84%
- 5Y*
- 15.50%
- 10Y*
- 12.47%
PWV vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 19.73% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
IDMO Invesco S&P International Developed Momentum ETF | 8.27% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Correlation
The correlation between PWV and IDMO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.44 |
The correlation between PWV and IDMO shifts across timeframes, from 0.37 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PWV vs. IDMO — Risk / Return Rank
PWV
IDMO
PWV vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and Invesco S&P International Developed Momentum ETF (IDMO). 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.
| PWV | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.22 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 7.56 | 1.77 | +5.80 |
| Martin ratioReturn relative to average drawdown | 26.26 | 6.94 | +19.32 |
Loading charts...
Drawdowns
PWV vs. IDMO - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for PWV and IDMO.
Loading charts...
Drawdown Indicators
| PWV | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.04% | -39.38% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -12.31% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -12.65% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -27.07% | +10.71% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | -31.34% | -6.33% |
Current DrawdownCurrent decline from peak | 0.00% | -3.93% | +3.93% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -9.70% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.13% | -1.96% |
Volatility
PWV vs. IDMO - Volatility Comparison
The current volatility for Invesco Dynamic Large Cap Value ETF (PWV) is 3.61%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.93%. This indicates that PWV experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PWV | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 5.93% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 16.86% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.61% | 18.53% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.32% | 18.14% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 17.89% | -0.76% |
PWV vs. IDMO - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
PWV vs. IDMO - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 1.68%, less than IDMO's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.69% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
PWV Invesco Dynamic Large Cap Value ETF | 1.68% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
Frequently Asked Questions
PWV and IDMO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (5.93%) compared to PWV (3.61%). In terms of maximum drawdown, PWV dropped -49.04% vs IDMO's -39.38%.
On 10-year performance, IDMO leads with 12.47% vs 12.04% for PWV. On fees, IDMO is cheaper at 0.25% per year. On volatility, PWV has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.47% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.58% for PWV.
IDMO has the higher dividend yield at 3.69%, compared with 1.68% for PWV.
PWV is categorized as Large Cap Value Equities, while IDMO is Momentum. PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX), while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.58% for PWV and 0.25% for IDMO.
PWV currently has the higher Sharpe Ratio (3.19 vs 1.18), 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.
Find the right allocation for PWV and IDMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer