WOMN vs. PWB
WOMN (Impact Shares YWCA Women’s Empowerment ETF) and PWB (Invesco Dynamic Large Cap Growth ETF) are both Large Cap Growth Equities funds - WOMN tracks the Morningstar Women’s Empowerment Index while PWB tracks the Dynamic Large Cap Growth Intellidex Index. Both are passively managed. Over the past 5 years, WOMN returned 7.87%/yr vs 17.22%/yr for PWB. Their correlation of 0.80 suggests significant overlap in exposure. WOMN charges 0.75%/yr vs 0.56%/yr for PWB.
Performance
WOMN vs. PWB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WOMN achieves a 2.25% return, which is significantly lower than PWB's 26.97% return.
WOMN
- 1D
- 0.03%
- 1M
- -1.31%
- YTD
- 2.25%
- 6M
- 1.27%
- 1Y
- 8.77%
- 3Y*
- 13.37%
- 5Y*
- 7.87%
- 10Y*
- —
PWB
- 1D
- 0.14%
- 1M
- 4.32%
- YTD
- 26.97%
- 6M
- 24.31%
- 1Y
- 40.71%
- 3Y*
- 32.98%
- 5Y*
- 17.22%
- 10Y*
- 18.63%
WOMN vs. PWB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WOMN Impact Shares YWCA Women’s Empowerment ETF | 2.25% | 8.62% | 16.95% | 28.19% | -20.61% | 24.89% | 34.16% | 32.50% | -12.07% |
PWB Invesco Dynamic Large Cap Growth ETF | 26.97% | 24.94% | 31.04% | 30.61% | -25.81% | 19.58% | 31.89% | 24.68% | -12.58% |
Correlation
The correlation between WOMN and PWB is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018 | 0.80 |
Over the past year, the correlation between WOMN and PWB has dropped to 0.60 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WOMN vs. PWB — Risk / Return Rank
WOMN
PWB
WOMN vs. PWB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impact Shares YWCA Women’s Empowerment ETF (WOMN) and Invesco Dynamic Large Cap Growth ETF (PWB). 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.
| WOMN | PWB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.38 | -2.25 |
| Martin ratioReturn relative to average drawdown | 4.08 | 13.98 | -9.91 |
Loading charts...
Drawdowns
WOMN vs. PWB - Drawdown Comparison
The maximum WOMN drawdown since its inception was -32.23%, smaller than the maximum PWB drawdown of -52.58%. Use the drawdown chart below to compare losses from any high point for WOMN and PWB.
Loading charts...
Drawdown Indicators
| WOMN | PWB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -52.58% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -12.11% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -22.10% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -31.41% | +5.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.36% | — |
Current DrawdownCurrent decline from peak | -2.53% | -4.23% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -8.22% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.92% | -0.77% |
Volatility
WOMN vs. PWB - Volatility Comparison
The current volatility for Impact Shares YWCA Women’s Empowerment ETF (WOMN) is 3.13%, while Invesco Dynamic Large Cap Growth ETF (PWB) has a volatility of 10.34%. This indicates that WOMN experiences smaller price fluctuations and is considered to be less risky than PWB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WOMN | PWB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 10.34% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 17.32% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 20.68% | -9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 21.41% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 20.91% | -2.26% |
WOMN vs. PWB - Expense Ratio Comparison
WOMN has a 0.75% expense ratio, which is higher than PWB's 0.56% expense ratio.
Dividends
WOMN vs. PWB - Dividend Comparison
WOMN's dividend yield for the trailing twelve months is around 0.80%, while PWB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 0.00% | 0.00% | 0.08% | 0.37% | 0.31% | 0.04% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% |
WOMN Impact Shares YWCA Women’s Empowerment ETF | 0.80% | 0.76% | 1.08% | 1.80% | 5.59% | 3.10% | 6.15% | 1.12% | 0.90% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WOMN and PWB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWB has higher volatility (10.34%) compared to WOMN (3.13%). In terms of maximum drawdown, WOMN dropped -32.23% vs PWB's -52.58%.
On 5-year performance, PWB leads with 17.22% vs 7.87% for WOMN. On fees, PWB is cheaper at 0.56% per year. On volatility, WOMN has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PWB has performed better with a 17.22% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PWB is cheaper with a 0.56% expense ratio, compared with 0.75% for WOMN.
WOMN has the higher dividend yield at 0.80%, compared with 0.00% for PWB.
WOMN tracks Morningstar Women’s Empowerment Index, while PWB tracks Dynamic Large Cap Growth Intellidex Index. They also come from different issuers: Impact Shares and Invesco. Their fees differ too: 0.75% for WOMN and 0.56% for PWB.
PWB currently has the higher Sharpe Ratio (1.98 vs 0.81), 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.
Find the right allocation for WOMN and PWB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer