VALQ vs. PWV
VALQ (American Century STOXX U.S. Quality Value ETF) and PWV (Invesco Dynamic Large Cap Value ETF) are both Large Cap Value Equities funds - VALQ tracks the iSTOXX American Century USA Quality Value Index while PWV tracks the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 5 years, VALQ returned 8.69%/yr vs 12.50%/yr for PWV. Their correlation of 0.86 suggests significant overlap in exposure. VALQ charges 0.29%/yr vs 0.58%/yr for PWV.
Performance
VALQ vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, VALQ achieves a 5.49% return, which is significantly lower than PWV's 12.10% return.
VALQ
- 1D
- -0.38%
- 1M
- 5.64%
- YTD
- 5.49%
- 6M
- 6.17%
- 1Y
- 16.17%
- 3Y*
- 15.35%
- 5Y*
- 8.69%
- 10Y*
- —
PWV
- 1D
- -0.14%
- 1M
- 2.43%
- YTD
- 12.10%
- 6M
- 12.38%
- 1Y
- 25.33%
- 3Y*
- 20.79%
- 5Y*
- 12.50%
- 10Y*
- 11.81%
VALQ vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VALQ American Century STOXX U.S. Quality Value ETF | 5.49% | 10.58% | 16.71% | 13.87% | -7.73% | 27.05% | 0.64% | 24.52% | -10.46% |
PWV Invesco Dynamic Large Cap Value ETF | 12.10% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -15.02% |
Correlation
The correlation between VALQ and PWV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.86 |
The correlation between VALQ and PWV shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VALQ vs. PWV — Risk / Return Rank
VALQ
PWV
VALQ vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century STOXX U.S. Quality Value ETF (VALQ) and Invesco Dynamic Large Cap Value ETF (PWV). 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.
| VALQ | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 6.28 | -4.21 |
| Martin ratioReturn relative to average drawdown | 5.87 | 21.16 | -15.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VALQ | PWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.74 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.88 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.41 | +0.09 |
Drawdowns
VALQ vs. PWV - Drawdown Comparison
The maximum VALQ drawdown since its inception was -38.19%, smaller than the maximum PWV drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for VALQ and PWV.
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Drawdown Indicators
| VALQ | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.19% | -49.04% | +10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -4.05% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -14.31% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -16.36% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.51% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -9.50% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.20% | +1.56% |
Volatility
VALQ vs. PWV - Volatility Comparison
American Century STOXX U.S. Quality Value ETF (VALQ) and Invesco Dynamic Large Cap Value ETF (PWV) have volatilities of 2.45% and 2.35%, 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.
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Volatility by Period
| VALQ | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.35% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 6.62% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 9.31% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 14.35% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 17.16% | +0.50% |
VALQ vs. PWV - Expense Ratio Comparison
VALQ has a 0.29% expense ratio, which is lower than PWV's 0.58% expense ratio.
Dividends
VALQ vs. PWV - Dividend Comparison
VALQ's dividend yield for the trailing twelve months is around 1.73%, less than PWV's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Dynamic Large Cap Value ETF | 1.81% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
VALQ American Century STOXX U.S. Quality Value ETF | 1.73% | 1.88% | 1.58% | 1.76% | 2.71% | 1.58% | 2.08% | 2.31% | 2.35% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VALQ and PWV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALQ has higher volatility (2.45%) compared to PWV (2.35%). In terms of maximum drawdown, VALQ dropped -38.19% vs PWV's -49.04%.
On 5-year performance, PWV leads with 12.50% vs 8.69% for VALQ. On fees, VALQ is cheaper at 0.29% per year. On volatility, PWV has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PWV has performed better with a 12.50% return vs 8.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VALQ is cheaper with a 0.29% expense ratio, compared with 0.58% for PWV.
PWV has the higher dividend yield at 1.81%, compared with 1.73% for VALQ.
VALQ tracks iSTOXX American Century USA Quality Value Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). They also come from different issuers: American Century and Invesco. Their fees differ too: 0.29% for VALQ and 0.58% for PWV.
PWV currently has the higher Sharpe Ratio (2.74 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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