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PWBvsFMAGETF Comparison

ETF 1

PWB

Invesco Dynamic Large Cap Growth ETF

This fund is part of

US Large Cap Growth

+0.52%

Full PWB fund page

VS

ETF 2

FMAG

Fidelity Magellan ETF

This fund is part of

Uncategorized Equities

+0.35%

Full FMAG fund page

Invesco Dynamic Large Cap Growth ETF (PWB) belongs to the US Large Cap Growth segment. Fidelity Magellan ETF (FMAG) is part of the Uncategorized Equities segment. PWB's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, FMAG's top sector exposures are Technology, Industrials and Finance. PWB is less expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.57% for FMAG. PWB is up 23.84% year-to-date (YTD) with +$765M in YTD flows. FMAG performs worse with 4% YTD performance, and -$32M in YTD flows. Run a side-by-side ETF comparison of PWB and FMAG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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PWB vs FMAG performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PWB FMAG	-0.95%-2.73%	-5.54%-3.59%	+23.84%+4.00%	+26.40%+1.03%	+124.40%+62.06%	+109.00%+53.94%
Flows	PWB FMAG	+$109M+$838K	+$354M-$8M	+$765M-$32M	+$841M-$38M	+$991M+$136M	+$894M+$146M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PWB FMAG	+29.34%+17.59%	+24.26%+16.73%	+21.21%+18.02%	+22.21%+20.20%
Max drawdown	PWB FMAG	-13.90%-7.34%	-13.90%-13.95%	-22.20%-20.04%	-31.51%-32.85%
Max drawdown duration	PWB FMAG	80d43d	80d174d	101d131d	757d796d

Trading data

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	PWB	FMAG
Last sale 9/18/2026 at 1:30 PM	$157.29	$35.55
Previous close 09/17/2026	$155.26	$35.21
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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FMAG

is actively managed and doesn’t replicate an index

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	PWB	FMAG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	PWB	FMAG
Last price	$157.29	$35.55
1D performance	+1.31%	+0.97%
AuM	$2.56 B	$240.83 M
E/R	0.55%	0.57%

Characteristics

	PWB	FMAG
Management strategy	Passive	Active
Provider	Invesco	Fidelity
Benchmark	Dynamic Large Cap Growth Intellidex Index	-
N° of holdings	50	504
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	March 3, 2005	February 4, 2021
ESG	No	No

More PWB data on Trackinsight

More FMAG data on Trackinsight

Exposure

Countries

PWB

USA

95.48%

Other

4.52%

FMAG

USA

92.82%

Other

7.18%

Sectors

PWB

Technology

52.13%

Industrials

18.59%

Consumer Non-Cycl.

11.66%

Finance

10.1%

Other

7.53%

FMAG

Technology

55.45%

Industrials

11.52%

Finance

8.16%

Consumer Non-Cycl.

7.72%

Other

17.14%

Diversification

PWB

Total weight of top 15 holdings out of 15

50.86%

FMAG

Total weight of top 15 holdings out of 15

57.97%

Top 15 holdings

Data as of July 31, 2026

PWB

Mastercard, Inc.

4.16%

Visa, Inc.

4.12%

Apple, Inc.

4.00%

Costco Wholesale Corp.

3.54%

Applied Materials, Inc.

3.50%

Meta Platforms, Inc.

3.48%

Palantir Technologies, Inc.

3.28%

NVIDIA Corp.

3.22%

Broadcom Inc.

3.20%

Alphabet, Inc.

3.16%

Caterpillar, Inc.

3.14%

Amazon.com, Inc.

3.11%

Advanced Micro Devices, Inc.

3.11%

Micron Technology, Inc.

3.01%

Lam Research Corp.

2.85%

FMAG

NVIDIA Corp.

13.03%

Amazon.com, Inc.

6.62%

Broadcom Inc.

6.00%

Microsoft Corp.

6.00%

Meta Platforms, Inc.

3.76%

KLA Corp.

3.04%

Visa, Inc.

3.03%

Mastercard, Inc.

2.54%

Alphabet, Inc.

2.54%

Amphenol Corp.

2.01%

Motorola Solutions, Inc.

1.96%

TransDigm Group, Inc.

1.91%

Cadence Design Systems, Inc.

1.89%

Linde Plc

1.87%

Trane Technologies Plc

1.77%

Frequently asked questions about PWB and FMAG

How have the PWB and FMAG ETFs performed in 2026?

As of September 18, 2026, PWB is up 23.84% year-to-date (YTD), while FMAG has returned 4%. That puts PWB better performer ahead so far this year.

Which ETF is attracting more investor money: PWB or FMAG?

Year-to-date, the PWB ETF saw +$765M in flows, compared to -$32M for FMAG.

Which ETF is more volatile: PWB or FMAG?

Over the past year, PWB had a volatility of 24.26%, while FMAG experienced 16.73%.

Which ETF is bigger: PWB or FMAG?

As of September 18, 2026, PWB holds $2.56 B in assets under management (AUM), while FMAG manages $240.83 M.

What sectors do the PWB and FMAG ETFs invest in?

PWB leans toward sectors like Technology, Industrials and Consumer Non-Cyclicals. Meanwhile, FMAG focuses on Technology, Industrials and Finance.

What are the top holdings of the PWB ETF and FMAG ETF?

PWB top holdings include Mastercard, Inc., Visa, Inc. and Apple, Inc.. FMAG holds in its top three: NVIDIA Corp., Amazon.com, Inc. and Broadcom Inc..

Which ETF is more diversified: PWB or FMAG?

PWB holds 50 securities with 50.86% of its assets in the top 15. FMAG has 508 securities and a top 15 weight of 57.97%.

3 Famous Mutual Funds That Deserve an ETF Version

June 19, 2024

FMAG

PWBvsFMAGETF Comparison

Invesco Dynamic Large Cap Growth ETF

Fidelity Magellan ETF

PWB vs FMAG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PWB and FMAG ETFs performed in 2026?

As of September 18, 2026, PWB is up 23.84% year-to-date (YTD), while FMAG has returned 4%. That puts PWB better performer ahead so far this year.

Which ETF is attracting more investor money: PWB or FMAG?

Year-to-date, the PWB ETF saw +$765M in flows, compared to -$32M for FMAG.

Which ETF is more volatile: PWB or FMAG?

Over the past year, PWB had a volatility of 24.26%, while FMAG experienced 16.73%.

Which ETF is bigger: PWB or FMAG?

As of September 18, 2026, PWB holds $2.56 B in assets under management (AUM), while FMAG manages $240.83 M.

What sectors do the PWB and FMAG ETFs invest in?

PWB leans toward sectors like Technology, Industrials and Consumer Non-Cyclicals. Meanwhile, FMAG focuses on Technology, Industrials and Finance.

What are the top holdings of the PWB ETF and FMAG ETF?

PWB top holdings include Mastercard, Inc., Visa, Inc. and Apple, Inc.. FMAG holds in its top three: NVIDIA Corp., Amazon.com, Inc. and Broadcom Inc..

Which ETF is more diversified: PWB or FMAG?

PWB holds 50 securities with 50.86% of its assets in the top 15. FMAG has 508 securities and a top 15 weight of 57.97%.

3 Famous Mutual Funds That Deserve an ETF Version

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