PWV vs. PVAL
Compare and contrast key facts about Invesco Dynamic Large Cap Value ETF (PWV) and Putnam Focused Large Cap Value ETF (PVAL).
PWV and PVAL 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. PVAL is a passively managed fund by Power Corporation of Canada that tracks the performance of the Russell 1000 Value. It was launched on May 25, 2021. Both PWV and PVAL 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 PVAL.
Performance
PWV vs. PVAL - Performance Comparison
Returns By Period
In the year-to-date period, PWV achieves a 20.74% return, which is significantly lower than PVAL's 24.60% return.
PWV
20.74%
1.01%
8.66%
29.29%
11.06%
9.22%
PVAL
24.60%
1.17%
7.55%
32.58%
N/A
N/A
Key characteristics
| PWV | PVAL | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.95 |
| Sortino Ratio | 3.71 | 4.03 |
| Omega Ratio | 1.47 | 1.52 |
| Calmar Ratio | 4.86 | 4.74 |
| Martin Ratio | 14.87 | 20.21 |
| Ulcer Index | 2.03% | 1.64% |
| Daily Std Dev | 11.67% | 11.23% |
| Max Drawdown | -49.04% | -16.64% |
| Current Drawdown | -0.54% | -1.39% |
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PWV vs. PVAL - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than PVAL's 0.55% expense ratio.
Correlation
The correlation between PWV and PVAL is 0.90, 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.
Risk-Adjusted Performance
PWV vs. PVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and Putnam Focused Large Cap Value ETF (PVAL). 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. PVAL - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 1.92%, more than PVAL's 1.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 1.92% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% | 1.93% | 1.82% |
PVAL Putnam Focused Large Cap Value ETF | 1.43% | 1.33% | 0.59% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PWV vs. PVAL - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, which is greater than PVAL's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for PWV and PVAL. For additional features, visit the drawdowns tool.
Volatility
PWV vs. PVAL - Volatility Comparison
Invesco Dynamic Large Cap Value ETF (PWV) has a higher volatility of 4.46% compared to Putnam Focused Large Cap Value ETF (PVAL) at 3.90%. This indicates that PWV's price experiences larger fluctuations and is considered to be riskier than PVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.