PWV vs. VTV
Compare and contrast key facts about Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Value ETF (VTV).
PWV and VTV 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. VTV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Prime Market Value Index. It was launched on Jan 26, 2004. Both PWV and VTV 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 VTV.
Performance
PWV vs. VTV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PWV having a 20.74% return and VTV slightly lower at 20.50%. Over the past 10 years, PWV has underperformed VTV with an annualized return of 9.22%, while VTV has yielded a comparatively higher 10.48% annualized return.
PWV
20.74%
1.01%
8.66%
29.29%
11.06%
9.22%
VTV
20.50%
-0.49%
9.86%
28.68%
11.65%
10.48%
Key characteristics
| PWV | VTV | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.88 |
| Sortino Ratio | 3.71 | 4.04 |
| Omega Ratio | 1.47 | 1.52 |
| Calmar Ratio | 4.86 | 5.75 |
| Martin Ratio | 14.87 | 18.45 |
| Ulcer Index | 2.03% | 1.59% |
| Daily Std Dev | 11.67% | 10.18% |
| Max Drawdown | -49.04% | -59.27% |
| Current Drawdown | -0.54% | -1.24% |
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PWV vs. VTV - Expense Ratio Comparison
PWV has a 0.58% expense ratio, which is higher than VTV's 0.04% expense ratio.
Correlation
The correlation between PWV and VTV 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.
Risk-Adjusted Performance
PWV vs. VTV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Value ETF (VTV). 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. VTV - Dividend Comparison
PWV's dividend yield for the trailing twelve months is around 1.92%, less than VTV's 2.24% 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% |
VTV Vanguard Value ETF | 2.24% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% | 2.21% |
Drawdowns
PWV vs. VTV - Drawdown Comparison
The maximum PWV drawdown since its inception was -49.04%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for PWV and VTV. For additional features, visit the drawdowns tool.
Volatility
PWV vs. VTV - Volatility Comparison
Invesco Dynamic Large Cap Value ETF (PWV) has a higher volatility of 4.46% compared to Vanguard Value ETF (VTV) at 3.69%. This indicates that PWV's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.