WLDR vs. PWV
WLDR (Affinity World Leaders Equity ETF) and PWV (Invesco Large Cap Value ETF) are both exchange-traded funds - WLDR is a Global Equities fund tracking the Thomson Reuters StarMine Affinity World Leaders Index, while PWV is a Large Cap Value Equities fund tracking the Dynamic Large Cap Value Intellidex Index (AMEX). Both are passively managed. Over the past 5 years, WLDR returned 18.24%/yr vs 15.05%/yr for PWV. Their 0.67 correlation means they have sometimes moved together and sometimes differently. WLDR charges 0.67%/yr vs 0.55%/yr for PWV.
Performance
WLDR vs. PWV - Performance Comparison
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Returns By Period
In the year-to-date period, WLDR achieves a 28.50% return, which is significantly higher than PWV's 21.58% return.
WLDR
- 1D
- -0.76%
- 1M
- -0.48%
- 6M
- 21.09%
- YTD
- 28.50%
- 1Y
- 45.63%
- 3Y*
- 29.47%
- 5Y*
- 18.24%
- 10Y*
- —
- ALL TIME*
- 12.44%
PWV
- 1D
- 0.13%
- 1M
- 4.66%
- 6M
- 18.00%
- YTD
- 21.58%
- 1Y
- 31.94%
- 3Y*
- 20.57%
- 5Y*
- 15.05%
- 10Y*
- 12.37%
- ALL TIME*
- 10.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.04M | $7.39M | $4.81M | |
| $1.06M | $840.07K | $651.34K |
WLDR vs. PWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WLDR Affinity World Leaders Equity ETF | 28.50% | 31.24% | 22.74% | 18.93% | -10.44% | 26.77% | -1.93% | 21.54% | -18.38% |
PWV Invesco Large Cap Value ETF | 21.58% | 19.65% | 14.48% | 10.36% | -1.16% | 29.06% | -3.77% | 29.84% | -15.02% |
Correlation
The correlation between WLDR and PWV is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.67 |
Over the past year, the correlation between WLDR and PWV has dropped to 0.33 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
WLDR vs. PWV — Risk / Return Rank
WLDR
PWV
WLDR vs. PWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affinity World Leaders Equity ETF (WLDR) and Invesco 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WLDR | PWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.60 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.18 | 7.91 | -2.74 |
| Martin ratioReturn relative to average drawdown | 17.98 | 28.36 | -10.38 |
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Drawdowns
WLDR vs. PWV - Drawdown Comparison
The maximum WLDR drawdown since its inception was -44.69%, smaller than the maximum PWV drawdown of -49.04%. Use the drawdown chart below to compare losses from any high point for WLDR and PWV.
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Drawdown Indicators
| WLDR | PWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -49.04% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.86% | -4.05% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -20.30% | -14.31% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -16.36% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.67% | — |
Current DrawdownCurrent decline from peak | -3.30% | -0.90% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -9.43% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.13% | +1.42% |
Volatility
WLDR vs. PWV - Volatility Comparison
Affinity World Leaders Equity ETF (WLDR) has a higher volatility of 7.02% compared to Invesco Large Cap Value ETF (PWV) at 2.91%. This indicates that WLDR's price experiences larger fluctuations and is considered to be riskier than PWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WLDR | PWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 2.91% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.91% | 7.24% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.61% | 9.69% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 14.28% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.04% | 17.14% | +3.90% |
WLDR vs. PWV - Expense Ratio Comparison
WLDR has a 0.67% expense ratio, which is higher than PWV's 0.55% expense ratio.
Dividends
WLDR vs. PWV - Dividend Comparison
WLDR's dividend yield for the trailing twelve months is around 7.24%, more than PWV's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWV Invesco Large Cap Value ETF | 1.65% | 2.12% | 2.08% | 2.16% | 2.29% | 1.89% | 2.66% | 2.24% | 2.34% | 1.55% | 2.35% | 2.42% |
WLDR Affinity World Leaders Equity ETF | 7.24% | 9.01% | 13.99% | 2.28% | 2.10% | 7.55% | 1.80% | 2.48% | 2.82% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WLDR and PWV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WLDR has higher volatility (7.02%) compared to PWV (2.91%). In terms of maximum drawdown, WLDR dropped -44.69% vs PWV's -49.04%.
On 5-year performance, WLDR leads with 18.24% vs 15.05% for PWV. On fees, PWV is cheaper at 0.55% per year. On volatility, PWV has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WLDR has performed better with a 18.24% return vs 15.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PWV is cheaper with a 0.55% expense ratio, compared with 0.67% for WLDR.
WLDR has the higher dividend yield at 7.24%, compared with 1.65% for PWV.
WLDR is categorized as Global Equities, while PWV is Large Cap Value Equities. WLDR tracks Thomson Reuters StarMine Affinity World Leaders Index, while PWV tracks Dynamic Large Cap Value Intellidex Index (AMEX). They also come from different issuers: Regents Park and Invesco. Their fees differ too: 0.67% for WLDR and 0.55% for PWV.
PWV currently has the higher Sharpe Ratio (3.32 vs 2.61), 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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