PWV vs. SPYV
Compare and contrast key facts about Invesco Dynamic Large Cap Value ETF (PWV) and SPDR Portfolio S&P 500 Value ETF (SPYV).
PWV and SPYV 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. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. Both PWV and SPYV 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 SPYV.
Performance
PWV vs. SPYV - Performance Comparison
Returns By Period
In the year-to-date period, PWV achieves a 20.74% return, which is significantly higher than SPYV's 17.20% return. Over the past 10 years, PWV has underperformed SPYV with an annualized return of 9.22%, while SPYV has yielded a comparatively higher 10.45% annualized return.
PWV
20.74%
1.01%
8.66%
29.29%
11.06%
9.22%
SPYV
17.20%
-0.17%
9.14%
25.91%
12.35%
10.45%
Key characteristics
| PWV | SPYV | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.64 |
| Sortino Ratio | 3.71 | 3.69 |
| Omega Ratio | 1.47 | 1.47 |
| Calmar Ratio | 4.86 | 4.81 |
| Martin Ratio | 14.87 | 15.49 |
| Ulcer Index | 2.03% | 1.69% |
| Daily Std Dev | 11.67% | 9.95% |
| Max Drawdown | -49.04% | -58.45% |
| Current Drawdown | -0.54% | -1.05% |
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PWV vs. SPYV - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than SPYV's 0.04% expense ratio.
Correlation
The correlation between PWV and SPYV is 0.92, 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. SPYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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. SPYV - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 1.92%, less than SPYV's 1.95% 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% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.95% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
Drawdowns
PWV vs. SPYV - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for PWV and SPYV. For additional features, visit the drawdowns tool.
Volatility
PWV vs. SPYV - Volatility Comparison
Invesco Dynamic Large Cap Value ETF (PWV) has a higher volatility of 4.46% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 3.46%. This indicates that PWV's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.