PWV vs. VTI
Compare and contrast key facts about Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Total Stock Market ETF (VTI).
PWV and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both PWV and VTI 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 VTI.
Performance
PWV vs. VTI - Performance Comparison
Returns By Period
In the year-to-date period, PWV achieves a 20.00% return, which is significantly lower than VTI's 23.63% return. Over the past 10 years, PWV has underperformed VTI with an annualized return of 9.23%, while VTI has yielded a comparatively higher 12.59% annualized return.
PWV
20.00%
0.22%
7.08%
29.42%
10.74%
9.23%
VTI
23.63%
0.87%
11.41%
32.34%
14.66%
12.59%
Key characteristics
| PWV | VTI | |
|---|---|---|
| Sharpe Ratio | 2.50 | 2.58 |
| Sortino Ratio | 3.60 | 3.45 |
| Omega Ratio | 1.45 | 1.48 |
| Calmar Ratio | 4.70 | 3.76 |
| Martin Ratio | 14.36 | 16.56 |
| Ulcer Index | 2.03% | 1.95% |
| Daily Std Dev | 11.66% | 12.51% |
| Max Drawdown | -49.04% | -55.45% |
| Current Drawdown | -1.15% | -2.43% |
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PWV vs. VTI - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than VTI's 0.03% expense ratio.
Correlation
The correlation between PWV and VTI is 0.88, 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. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 1.93%, more than VTI's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 1.93% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% | 1.93% | 1.82% |
VTI Vanguard Total Stock Market ETF | 1.29% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
PWV vs. VTI - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PWV and VTI. For additional features, visit the drawdowns tool.
Volatility
PWV vs. VTI - Volatility Comparison
Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Total Stock Market ETF (VTI) have volatilities of 4.42% and 4.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.