PWV vs VOO
Invesco Large Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PWV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PWV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 0.03% | |
| AUM | $1.7B | $979.0B | |
| Dividend Yield | 1.74% | 1.09% | |
| Holdings | 52 | 509 | |
| YTD Return | +22.58% | +13.72% | |
| 1Y Return | +31.54% | +21.63% | |
| 3Y Return (annualized) | +21.11% | +21.55% | |
| 5Y Return (annualized) | +14.49% | +13.26% | |
| Volatility (annualized) | 14.5% | 14.1% | |
| Max Drawdown | -50.7% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 3, 2005 | Sep 7, 2010 |
PWV vs VOO Performance
Invesco Large Cap Value ETF (PWV) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PWV returned +31.54% while VOO returned +21.63%. Year to date, PWV is up 22.58% versus a gain of 13.72% for VOO.
Over three years, PWV compounded at +21.11% per year against +21.55% for VOO; over five years the annualized figures are +14.49% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.56% annualized vs +8.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PWV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -50.7% for PWV and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PWV charges 0.55% per year while VOO charges 0.03%. On a $10,000 position that is $55 vs $3 annually, a gap of $52 per year that compounds over a long holding period. On income, PWV currently yields 1.74% against 1.09% for VOO.
Holdings Overlap
PWV and VOO share 49 holdings out of 507 unique holdings combined, representing a 12.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PWV or VOO?
PWV has an expense ratio of 0.55% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, PWV or VOO?
Over the past year PWV returned +31.54% vs +21.63% for VOO, so PWV leads on 1-year performance. Over the longest common window we track (16 years), PWV annualized +8.77% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, PWV or VOO?
PWV has been the more volatile fund at 14.5% annualized versus 14.1% for VOO. Worst drawdown: PWV -50.7% vs VOO -34.3%.
Should I hold both PWV and VOO?
PWV and VOO have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PWV and VOO?
PWV and VOO share 49 common holdings with a 12.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, PWV or VOO?
PWV yields 1.74% while VOO yields 1.09%, so PWV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.