PWV vs SPY
Comparison between INVESCO LARGE CAP VALUE ETF (PWV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PWV, delivering a return of +13.3% compared to +12.1%
PWV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PWV
$1.40B
Winner
SPY
$652B
Expense Ratio
PWV
0.55%
Winner
SPY
0.09%
Max Drawdown
Winner
PWV
50.70%
SPY
56.47%
Sharpe Ratio
Winner
PWV
2.14
SPY
2.07
5Y Beta
Winner
PWV
0.64
SPY
1.00
P/E Ratio
Winner
PWV
16.12
SPY
28.24
Forward P/E
Winner
PWV
13.72
SPY
21.85
PEG Ratio
PWV
0.28
SPY
N/A
5Y Dividends CAGR
Winner
PWV
7.51%
SPY
5.43%
5Y EPS CAGR
PWV
10.49%
Winner
SPY
25.79%
Debt to Equity
PWV
58.30%
Winner
SPY
22.35%
P/S Ratio
Winner
PWV
1.38
SPY
3.55
P/B Ratio
Winner
PWV
2.23
SPY
5.29
PWV vs SPY - Holdings Comparison
PWV and SPY have 50 common holdings. Overlap is 14.19%
PWV's top 25 holdings weight is 66.07%. SPY's top 25 holdings weight is 51.32%.
| Rank | PWV | SPY |
|---|---|---|
| #1 | UNITEDHEALTH GROUP INC (UNH) - 4.35% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | CITIGROUP INC (C) - 3.81% | APPLE INC (AAPL) - 6.48% |
| #3 | MORGAN STANLEY (MS) - 3.66% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | CISCO SYSTEMS INC (CSCO) - 3.61% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | JPMORGAN CHASE & CO (JPM) - 3.40% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BANK OF AMERICA CORP (BAC) - 3.39% | BROADCOM INC (AVGO) - 3.09% |
| #7 | THE GOLDMAN SACHS GROUP INC (GS) - 3.34% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CHEVRON CORP (CVX) - 3.30% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | EXXON MOBIL CORP (XOM) - 3.28% | TESLA INC (TSLA) - 1.73% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 3.14% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | WELLS FARGO & CO (WFC) - 3.13% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | THE WALT DISNEY CO (DIS) - 3.11% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | VERIZON COMMUNICATIONS INC (VZ) - 3.08% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | JOHNSON & JOHNSON (JNJ) - 3.01% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | PEPSICO INC (PEP) - 3.00% | WALMART INC (WMT) - 0.91% |
| #16 | VALERO ENERGY CORP (VLO) - 1.68% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | MARATHON PETROLEUM CORP (MPC) - 1.66% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | EBAY INC (EBAY) - 1.64% | VISA INC CLASS A (V) - 0.85% |
| #19 | BANK OF NEW YORK MELLON CORP (BK) - 1.60% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | TARGET CORP (TGT) - 1.53% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | CVS HEALTH CORP (CVS) - 1.52% | INTEL CORP (INTC) - 0.65% |
| #22 | PHILLIPS 66 (PSX) - 1.49% | NETFLIX INC (NFLX) - 0.64% |
| #23 | BAKER HUGHES CO CLASS A (BKR) - 1.46% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | ALLSTATE CORP (ALL) - 1.44% | CHEVRON CORP (CVX) - 0.58% |
| #25 | AFLAC INC (AFL) - 1.44% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 52 | 505 |
PWV vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PWV
+1.13%
Winner
SPY
+9.11%
3M
PWV
+3.27%
Winner
SPY
+6.59%
6M
Winner
PWV
+12.04%
SPY
+10.56%
1Y
PWV
+26.47%
Winner
SPY
+32.04%
5Y(CAGR)
PWV
+12.07%
Winner
SPY
+13.35%
10Y(CAGR)
PWV
+11.83%
Winner
SPY
+15.49%
Max(CAGR)
Winner
PWV
+10.09%
SPY
+8.50%
PWV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PWV | SPY |
|---|---|---|
| 2026 | +8.64% | +8.27% |
| 2025 | +19.47% | +18.00% |
| 2024 | +13.95% | +25.59% |
| 2023 | +10.50% | +26.72% |
| 2022 | -1.98% | -18.64% |
| 2021 | +30.66% | +30.52% |
| 2020 | -4.55% | +17.28% |
| 2019 | +29.16% | +31.09% |
| 2018 | -14.36% | -5.24% |
| 2017 | +16.04% | +20.78% |
| 2016 | +20.43% | +13.59% |
| 2015 | -4.84% | +1.31% |
| 2014 | +13.32% | +14.56% |
| 2013 | +29.72% | +29.00% |
| 2012 | +14.97% | +14.17% |
| 2011 | +5.30% | +0.85% |
| 2010 | +12.02% | +13.14% |
| 2009 | +15.26% | +22.67% |
| 2008 | -26.06% | -36.25% |
| 2007 | +5.32% | +5.32% |
| 2006 | +22.45% | +13.85% |
| 2005 | +8.65% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PWV vs SPY Drawdown Comparison
The maximum drawdown for PWV was -49.06%, occurring on Mar 9, 2009. Recovery took 648 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PWV drawdown is -1.59%.
| Rank | PWV | SPY |
|---|---|---|
| #1 | -49.06% Oct 9, 2007 - May 6, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.10% May 6, 2010 - Jul 18, 2013 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -37.64% Feb 12, 2020 - Feb 23, 2021 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.24% Jan 26, 2018 - Oct 25, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -16.38% Jan 11, 2022 - Jul 31, 2023 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.12% May 21, 2015 - Jul 8, 2016 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.32% Nov 29, 2024 - Jun 23, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.45% Jun 4, 2007 - Oct 5, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.27% Jul 31, 2023 - Dec 1, 2023 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.72% Sep 19, 2014 - Nov 18, 2014 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.53% Jan 15, 2014 - Mar 6, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.46% May 5, 2006 - Jul 28, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.25% Jun 4, 2021 - Aug 12, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.24% Feb 15, 2007 - Apr 16, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.21% Jul 17, 2024 - Aug 23, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PWV and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
PWV vs SPY dividend yield comparison.
| Year | PWV | SPY |
|---|---|---|
| 2026 | 0.47% | 0.24% |
| 2025 | 2.12% | 1.07% |
| 2024 | 2.08% | 1.21% |
| 2023 | 2.16% | 1.40% |
| 2022 | 2.29% | 1.65% |
| 2021 | 1.89% | 1.20% |
| 2020 | 2.66% | 1.52% |
| 2019 | 2.24% | 1.75% |
| 2018 | 2.34% | 2.04% |
| 2017 | 1.55% | 1.80% |
| 2016 | 2.35% | 2.03% |
| 2015 | 2.42% | 2.06% |
| 2014 | 1.93% | 1.87% |
| 2013 | 1.82% | 1.81% |
| 2012 | 2.41% | 2.18% |
| 2011 | 2.21% | 2.05% |
| 2010 | 2.24% | 1.80% |
| 2009 | 2.19% | 1.95% |
| 2008 | 2.81% | 3.02% |
| 2007 | 2.28% | 1.85% |
| 2006 | 1.35% | 1.73% |
| 2005 | 1.28% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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