PWV vs. PBUS
Compare and contrast key facts about Invesco Dynamic Large Cap Value ETF (PWV) and Invesco PureBeta MSCI USA ETF (PBUS).
PWV and PBUS 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. PBUS is a passively managed fund by Invesco that tracks the performance of the MSCI USA Index. It was launched on Sep 22, 2017. Both PWV and PBUS 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: PWV or PBUS.
Key characteristics
| PWV | PBUS | |
|---|---|---|
| YTD Return | 6.96% | 5.44% |
| 1Y Return | 22.01% | 24.43% |
| 3Y Return (Ann) | 9.36% | 7.22% |
| 5Y Return (Ann) | 10.62% | 13.95% |
| Sharpe Ratio | 1.80 | 1.93 |
| Daily Std Dev | 11.31% | 11.90% |
| Max Drawdown | -49.04% | -33.16% |
| Current Drawdown | -4.88% | -4.33% |
Correlation
The correlation between PWV and PBUS is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PWV vs. PBUS - Performance Comparison
In the year-to-date period, PWV achieves a 6.96% return, which is significantly higher than PBUS's 5.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PWV vs. PBUS - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than PBUS's 0.04% expense ratio.
Risk-Adjusted Performance
PWV vs. PBUS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and Invesco PureBeta MSCI USA ETF (PBUS). 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.
Dividends
PWV vs. PBUS - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 2.04%, more than PBUS's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 2.04% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% | 1.93% | 1.82% |
PBUS Invesco PureBeta MSCI USA ETF | 1.29% | 1.36% | 1.71% | 0.98% | 1.35% | 1.53% | 2.33% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PWV vs. PBUS - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, which is greater than PBUS's maximum drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for PWV and PBUS. For additional features, visit the drawdowns tool.
Volatility
PWV vs. PBUS - Volatility Comparison
The current volatility for Invesco Dynamic Large Cap Value ETF (PWV) is 3.49%, while Invesco PureBeta MSCI USA ETF (PBUS) has a volatility of 3.92%. This indicates that PWV experiences smaller price fluctuations and is considered to be less risky than PBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.