MGV vs. PWV
Compare and contrast key facts about Vanguard Mega Cap Value ETF (MGV) and Invesco Dynamic Large Cap Value ETF (PWV).
MGV and PWV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both MGV and PWV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGV or PWV.
Key characteristics
| MGV | PWV | |
|---|---|---|
| YTD Return | -2.62% | -5.51% |
| 1Y Return | -1.37% | -4.99% |
| 5Y Return (Ann) | 8.52% | 6.51% |
| 10Y Return (Ann) | 9.80% | 7.81% |
| Sharpe Ratio | -0.01 | -0.22 |
| Daily Std Dev | 16.89% | 17.01% |
| Max Drawdown | -56.31% | -49.04% |
Correlation
The correlation between MGV and PWV 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.
MGV vs. PWV - Performance Comparison
In the year-to-date period, MGV achieves a -2.62% return, which is significantly lower than PWV's -5.51% return. Over the past 10 years, MGV has outperformed PWV with an annualized return of 9.80%, while PWV has yielded a comparatively lower 7.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
MGV vs. PWV - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 3.13%, more than PWV's 3.01% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 3.13% | 2.47% | 2.24% | 2.61% | 2.92% | 2.96% | 2.69% | 2.97% | 3.13% | 2.80% | 2.91% | 3.65% |
PWV Invesco Dynamic Large Cap Value ETF | 3.01% | 2.30% | 1.95% | 2.80% | 2.43% | 2.60% | 1.76% | 2.72% | 2.86% | 2.33% | 2.25% | 3.03% |
MGV vs. PWV - Expense Ratio Comparison
MGV vs. PWV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and Invesco Dynamic Large Cap Value ETF (PWV). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | -0.01 | ||||
PWV Invesco Dynamic Large Cap Value ETF | -0.22 |
MGV vs. PWV - Drawdown Comparison
The maximum MGV drawdown for the period was -9.14%, roughly equal to the maximum PWV drawdown of -11.52%. The drawdown chart below compares losses from any high point along the way for MGV and PWV
MGV vs. PWV - Volatility Comparison
The current volatility for Vanguard Mega Cap Value ETF (MGV) is 3.43%, while Invesco Dynamic Large Cap Value ETF (PWV) has a volatility of 3.75%. This indicates that MGV experiences smaller price fluctuations and is considered to be less risky than PWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.