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PWB vs SMH

Comparison between INVESCO LARGE CAP GROWTH ETF (PWB, ETF) and VANECK SEMICONDUCTOR ETF (SMH, ETF).

5-Year PerformanceSMH has outperformed PWB, delivering a return of +36.2% compared to +16.4%

PWB vs SMH - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
PWB
$2.40B
Winner
SMH
$77B
Expense Ratio
PWB
0.55%
Winner
SMH
0.35%
Max Drawdown
Winner
PWB
52.98%
SMH
85.92%
Sharpe Ratio
PWB
1.27
Winner
SMH
1.98
5Y Beta
Winner
PWB
1.22
SMH
1.91
P/E Ratio
Winner
PWB
41.91
SMH
48.66
Forward P/E
PWB
26.51
Winner
SMH
24.31
PEG Ratio
PWB
0.35
Winner
SMH
0.11
5Y Dividends CAGR
PWB
-25.19%
Winner
SMH
3.73%
5Y EPS CAGR
PWB
25.09%
Winner
SMH
42.08%
Debt to Equity
PWB
-0.07%
SMH
N/A
P/S Ratio
PWB
7.17
Winner
SMH
4.26
P/B Ratio
PWB
12.49
Winner
SMH
12.05

PWB vs SMH - Holdings Comparison

PWB and SMH have 12 common holdings. Overlap is 27.45%

PWB's top 25 holdings weight is 67.25%. SMH's top 25 holdings weight is 99.94%.

RankPWBSMH
#1
APPLIED MATERIALS INC (AMAT) - 4.23%
NVIDIA CORP (NVDA) - 20.70%
#2
META PLATFORMS INC CLASS A (META) - 3.69%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 9.08%
#3
VISA INC CLASS A (V) - 3.61%
BROADCOM INC (AVGO) - 6.12%
#4
MASTERCARD INC CLASS A (MA) - 3.60%
ADVANCED MICRO DEVICES INC (AMD) - 5.71%
#5
APPLE INC (AAPL) - 3.53%
APPLIED MATERIALS INC (AMAT) - 5.12%
#6
ADVANCED MICRO DEVICES INC (AMD) - 3.48%
ASML HOLDING NV ADR (ASML) - 5.11%
#7
LAM RESEARCH CORP (LRCX) - 3.45%
MICRON TECHNOLOGY INC (MU) - 4.95%
#8
MICRON TECHNOLOGY INC (MU) - 3.35%
TEXAS INSTRUMENTS INC (TXN) - 4.69%
#9
CATERPILLAR INC (CAT) - 3.34%
KLA CORP (KLAC) - 4.62%
#10
NVIDIA CORP (NVDA) - 3.28%
LAM RESEARCH CORP (LRCX) - 4.58%
#11
PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 3.25%
ANALOG DEVICES INC (ADI) - 4.37%
#12
AMAZON.COM INC (AMZN) - 3.19%
INTEL CORP (INTC) - 4.23%
#13
ALPHABET INC CLASS A (GOOGL) - 3.16%
QUALCOMM INC (QCOM) - 4.01%
#14
BROADCOM INC (AVGO) - 3.10%
MARVELL TECHNOLOGY INC (MRVL) - 3.59%
#15
COSTCO WHOLESALE CORP (COST) - 3.03%
CADENCE DESIGN SYSTEMS INC (CDNS) - 2.36%
#16
DELL TECHNOLOGIES INC ORDINARY SHARES CLASS C (DELL) - 1.92%
SYNOPSYS INC (SNPS) - 1.90%
#17
CHARLES SCHWAB CORP (SCHW) - 1.64%
MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.33%
#18
AMPHENOL CORP CLASS A (APH) - 1.60%
STMICROELECTRONICS NV ADR (STM) - 1.27%
#19
KLA CORP (KLAC) - 1.59%
NXP SEMICONDUCTORS NV (NXPI) - 1.26%
#20
MONSTER BEVERAGE CORP (MNST) - 1.59%
TERADYNE INC (TER) - 1.17%
#21
PARKER HANNIFIN CORP (PH) - 1.56%
ASTERA LABS INC (ALAB) - 1.03%
#22
ARISTA NETWORKS INC (ANET) - 1.55%
ARM HOLDINGS PLC ADR (ARM) - 1.01%
#23
HOWMET AEROSPACE INC (HWM) - 1.52%
MICROCHIP TECHNOLOGY INC (MCHP) - 0.95%
#24
CSX CORP (CSX) - 1.51%
ON SEMICONDUCTOR CORP (ON) - 0.63%
#25
OLD DOMINION FREIGHT LINE INC ORDINARY SHARES (ODFL) - 1.48%
SKYWORKS SOLUTIONS INC (SWKS) - 0.15%
Total Holdings5326

PWB vs SMH - Historical Returns

Returns include dividend reinvestment.

1M
Winner
PWB
-5.77%
SMH
-12.68%
3M
PWB
+11.08%
Winner
SMH
+25.70%
6M
PWB
+18.87%
Winner
SMH
+45.32%
1Y
PWB
+34.47%
Winner
SMH
+101.67%
5Y(CAGR)
PWB
+16.38%
Winner
SMH
+36.19%
10Y(CAGR)
PWB
+17.80%
Winner
SMH
+35.47%
Max(CAGR)
Winner
PWB
+12.24%
SMH
+11.33%

PWB vs SMH - Annual Returns (2000 - 2026)

Returns include dividend reinvestment.

YearPWBSMH
2026+23.27%+56.46%
2025+24.92%+47.57%
2024+33.11%+43.94%
2023+32.25%+74.72%
2022-25.87%-34.96%
2021+20.63%+41.85%
2020+31.03%+52.02%
2019+24.71%+63.24%
2018+0.24%-11.36%
2017+29.93%+38.21%
2016+5.00%+36.97%
2015+7.96%-0.14%
2014+14.05%+31.56%
2013+33.83%+28.23%
2012+17.97%+7.08%
2011-0.70%-0.15%
2010+12.60%+16.23%
2009+30.14%+54.76%
2008-41.42%-43.01%
2007+12.42%+1.38%
2006+3.53%-10.68%
2005+6.67%+12.01%
2004N/A-19.40%
2003N/A+74.92%
2002N/A-49.20%
2001N/A-13.35%
2000N/A-50.35%

PWB vs SMH Drawdown Comparison

The maximum drawdown for PWB was -52.58%, occurring on Mar 9, 2009. Recovery took 1121 trading sessions.

The maximum drawdown for SMH was -84.96%, occurring on Nov 20, 2008. Recovery took 4247 trading sessions.

The current PWB drawdown is -5.77%. The current SMH drawdown is -12.68%.

RankPWBSMH
#1-52.58%
Oct 12, 2007 - Mar 26, 2012		-84.96%
Jun 21, 2000 - May 10, 2017
#2-32.36%
Feb 19, 2020 - Jul 2, 2020		-45.30%
Dec 27, 2021 - Jul 13, 2023
#3-31.41%
Dec 27, 2021 - Jan 24, 2024		-35.75%
Jul 10, 2024 - Jul 2, 2025
#4-22.10%
Feb 18, 2025 - Jun 2, 2025		-33.62%
Feb 19, 2020 - Jun 5, 2020
#5-20.50%
Oct 1, 2018 - Apr 5, 2019		-27.01%
Mar 12, 2018 - Apr 3, 2019
#6-13.94%
Jul 20, 2015 - Jul 8, 2016		-17.96%
Apr 24, 2019 - Jul 23, 2019
#7-13.46%
Feb 12, 2021 - Apr 15, 2021		-16.80%
Jun 22, 2026 - Jul 17, 2026
#8-12.18%
Apr 6, 2006 - Dec 11, 2006		-15.58%
Feb 16, 2021 - Apr 5, 2021
#9-12.11%
Jan 29, 2026 - Apr 13, 2026		-14.93%
Feb 25, 2026 - Apr 9, 2026
#10-10.04%
Jul 16, 2024 - Sep 19, 2024		-14.93%
Mar 7, 2024 - May 20, 2024
#11-9.98%
Jan 26, 2018 - May 21, 2018		-14.42%
Jul 31, 2023 - Nov 14, 2023
#12-9.63%
Sep 2, 2020 - Nov 5, 2020		-13.04%
Apr 5, 2021 - Jun 28, 2021
#13-9.53%
May 2, 2012 - Sep 6, 2012		-12.23%
Jan 23, 2018 - Mar 6, 2018
#14-9.16%
Jul 17, 2007 - Sep 21, 2007		-12.18%
Jul 24, 2019 - Oct 15, 2019
#15-8.75%
Oct 29, 2025 - Jan 6, 2026		-11.80%
Oct 29, 2025 - Dec 9, 2025

Correlation

Correlation between PWB and SMH is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95
-101

Dividend Comparison (2005 - 2025)

PWB vs SMH dividend yield comparison.

YearPWBSMH
20250.00%0.31%
20240.08%0.44%
20230.37%0.60%
20220.31%1.18%
20210.04%0.51%
20200.21%0.69%
20190.58%1.50%
20180.97%1.88%
20170.54%1.43%
20160.82%0.80%
20150.67%2.14%
20140.43%1.16%
20130.42%1.55%
20121.12%2.17%
20110.89%6.69%
20100.64%1.29%
20090.60%1.43%
20080.71%2.14%
20070.19%5.37%
20060.12%0.50%
20050.02%0.00%

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