PWV vs. MGV
Compare and contrast key facts about Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Mega Cap Value ETF (MGV).
PWV and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWV is a passively managed fund by Invesco that tracks the performance of the Dynamic Large Cap Value Intellidex Index (AMEX). It was launched on Mar 3, 2005. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both PWV and MGV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PWV vs. MGV - Performance Comparison
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PWV vs. MGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 5.32% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -14.12% | 16.98% |
MGV Vanguard Mega Cap Value ETF | 3.25% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 25.54% | -4.13% | 16.85% |
Returns By Period
In the year-to-date period, PWV achieves a 5.32% return, which is significantly higher than MGV's 3.25% return. Over the past 10 years, PWV has underperformed MGV with an annualized return of 11.27%, while MGV has yielded a comparatively higher 12.05% annualized return.
PWV
- 1D
- 1.63%
- 1M
- -1.45%
- YTD
- 5.32%
- 6M
- 7.88%
- 1Y
- 19.61%
- 3Y*
- 18.05%
- 5Y*
- 12.71%
- 10Y*
- 11.27%
MGV
- 1D
- 1.63%
- 1M
- -4.81%
- YTD
- 3.25%
- 6M
- 6.43%
- 1Y
- 14.96%
- 3Y*
- 15.48%
- 5Y*
- 11.32%
- 10Y*
- 12.05%
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PWV vs. MGV - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than MGV's 0.07% expense ratio.
Return for Risk
PWV vs. MGV — Risk / Return Rank
PWV
MGV
PWV vs. MGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Mega Cap Value ETF (MGV). 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 | MGV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.03 | +0.27 |
Sortino ratioReturn per unit of downside risk | 1.75 | 1.48 | +0.27 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.50 | +0.20 |
Martin ratioReturn relative to average drawdown | 8.37 | 6.54 | +1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PWV | MGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.03 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.84 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.74 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.45 | -0.05 |
Correlation
The correlation between PWV and MGV is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PWV vs. MGV - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 1.93%, less than MGV's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 1.93% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
MGV Vanguard Mega Cap Value ETF | 2.06% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
Drawdowns
PWV vs. MGV - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, smaller than the maximum MGV drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for PWV and MGV.
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Drawdown Indicators
| PWV | MGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.04% | -55.87% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.48% | -10.91% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -16.54% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.67% | -35.41% | -2.26% |
Current DrawdownCurrent decline from peak | -1.71% | -4.89% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -7.76% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.50% | +0.04% |
Volatility
PWV vs. MGV - Volatility Comparison
The current volatility for Invesco Dynamic Large Cap Value ETF (PWV) is 3.40%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 3.65%. This indicates that PWV experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWV | MGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.65% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.97% | 7.48% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 14.64% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 13.56% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 16.34% | +0.83% |