PWV vs. LVDS

Last updated Jun 4, 2026

PWV (Invesco Dynamic Large Cap Value ETF) and LVDS (JPMorgan Fundamental Data Science Large Value ETF) are both Large Cap Value Equities funds. PWV is passively managed, while LVDS is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. PWV charges 0.58%/yr vs 0.30%/yr for LVDS.

Performance

PWV vs. LVDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Large Cap Value ETF (PWV) and JPMorgan Fundamental Data Science Large Value ETF (LVDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWV achieves a 12.10% return, which is significantly lower than LVDS's 13.56% return.

PWV

• 1D: -0.14%
• 1M: 2.43%
• YTD: 12.10%
• 6M: 12.38%
• 1Y: 25.33%
• 3Y*: 20.79%
• 5Y*: 12.50%
• 10Y*: 11.81%

LVDS

• 1D: 0.18%
• 1M: 3.85%
• YTD: 13.56%
• 6M: 14.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWV vs. LVDS - Yearly Performance Comparison

	2026 (YTD)	2025
PWV Invesco Dynamic Large Cap Value ETF	12.10%	7.88%
LVDS JPMorgan Fundamental Data Science Large Value ETF	13.56%	7.24%

Correlation

The correlation between PWV and LVDS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.82

Return for Risk

PWV vs. LVDS — Risk / Return Rank

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

PWV

PWV Risk / Return Rank: 86
PWV Sharpe Ratio Rank: 83
PWV Sortino Ratio Rank: 86
PWV Omega Ratio Rank: 80
PWV Calmar Ratio Rank: 92
PWV Martin Ratio Rank: 90

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.

PWV vs. LVDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and JPMorgan Fundamental Data Science Large Value ETF (LVDS). 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.

	PWV	LVDS	Difference
Sharpe ratio: Return per unit of total volatility	2.74	—	—
Sortino ratio: Return per unit of downside risk	3.93	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	6.28	—	—
Martin ratio: Return relative to average drawdown	21.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PWV	LVDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	2.39	-1.97

Drawdowns

PWV vs. LVDS - Drawdown Comparison

The maximum PWV drawdown since its inception was -49.04%, which is greater than LVDS's maximum drawdown of -6.64%. Use the drawdown chart below to compare losses from any high point for PWV and LVDS.

Drawdown Indicators

	PWV	LVDS	Difference
Max Drawdown Largest peak-to-trough decline	-49.04%	-6.64%	-42.40%
Max Drawdown (1Y) Largest decline over 1 year	-4.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.67%	—	—
Current Drawdown Current decline from peak	-0.51%	0.00%	-0.51%
Average Drawdown Average peak-to-trough decline	-9.50%	-0.98%	-8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	—	—

Volatility

Volatility by Period

	PWV	LVDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.31%	10.43%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	10.43%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	10.43%	+6.73%

PWV vs. LVDS - Expense Ratio Comparison

PWV has a 0.58% expense ratio, which is higher than LVDS's 0.30% expense ratio.

Dividends

PWV vs. LVDS - Dividend Comparison

PWV's dividend yield for the trailing twelve months is around 1.81%, less than LVDS's 7.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVDS JPMorgan Fundamental Data Science Large Value ETF	7.56%	8.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PWV Invesco Dynamic Large Cap Value ETF	1.81%	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

Can I hold both PWV and LVDS in my portfolio?

PWV and LVDS 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 ETF is better, PWV or LVDS?

On fees, LVDS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWV or LVDS?

LVDS is cheaper with a 0.30% expense ratio, compared with 0.58% for PWV.

Which ETF pays a higher dividend yield, PWV or LVDS?

LVDS has the higher dividend yield at 7.56%, compared with 1.81% for PWV.

What is the main difference between PWV and LVDS?

They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.58% for PWV and 0.30% for LVDS.