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PWBvsFMAGETF Comparison

ETF 1

PWB

Invesco Dynamic Large Cap Growth ETF

This fund is part of

US Large Cap Growth

+1.06%

Full PWB fund page

VS

ETF 2

FMAG

Fidelity Magellan ETF

This fund is part of

Uncategorized Equities

-0.45%

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 16.11% year-to-date (YTD) with +$864M in YTD flows. FMAG performs worse with 1.15% YTD performance, and -$36M 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 11/03/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PWB FMAG	-11.32%-6.11%	-5.04%-5.21%	+16.11%+1.15%	+12.80%-1.59%	+110.50%+59.21%	+85.49%+41.16%
Flows	PWB FMAG	+$28M-$909K	+$288M-$6M	+$864M-$36M	+$870M-$44M	+$1.09B+$132M	+$998M+$139M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PWB FMAG	+24.25%+15.50%	+25.43%+17.35%	+21.62%+18.04%	+22.45%+20.24%
Max drawdown	PWB FMAG	-13.29%-8.24%	-13.90%-12.91%	-22.20%-20.04%	-31.51%-32.85%
Max drawdown duration	PWB FMAG	28d79d	126d164d	101d131d	757d796d

Trading data

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	PWB	FMAG
Last sale 11/4/2026 at 2:30 PM	$145.28	$34.81
Previous close 11/03/2026	$147.60	$34.56
Consolidated volume 11/03/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 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 11/4/2026 at 2:30 PM

Live

Closed

	PWB	FMAG
Last price	$145.28	$34.81
1D performance	-1.57%	+0.73%
AuM	$2.49 B	$230.76 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	47
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

95.57%

Other

4.43%

FMAG

USA

94.1%

Other

5.9%

Sectors

PWB

Technology

55.97%

Industrials

19.59%

Consumer Non-Cycl.

9.94%

Other

14.49%

FMAG

Technology

58.24%

Industrials

11.69%

Finance

7.71%

Consumer Non-Cycl.

7.27%

Other

15.1%

Diversification

PWB

Total weight of top 15 holdings out of 15

51.13%

FMAG

Total weight of top 15 holdings out of 15

68.63%

Top 15 holdings

Data as of September 30, 2026

PWB

Intel Corp.

4.26%

Advanced Micro Devices, Inc.

4.08%

Meta Platforms, Inc.

4.03%

Micron Technology, Inc.

3.63%

Apple, Inc.

3.51%

NVIDIA Corp.

3.45%

Applied Materials, Inc.

3.26%

Caterpillar, Inc.

3.25%

Alphabet, Inc.

3.18%

Broadcom Inc.

3.15%

Costco Wholesale Corp.

3.09%

Eli Lilly & Co.

3.09%

Visa, Inc.

3.08%

Mastercard, Inc.

3.05%

Amazon.com, Inc.

3.03%

FMAG

US4642873099

20.99%

NVIDIA Corp.

7.32%

Amazon.com, Inc.

5.58%

Advanced Micro Devices, Inc.

5.41%

Alphabet, Inc.

4.78%

Broadcom Inc.

4.34%

Microsoft Corp.

2.74%

KLA Corp.

2.72%

Mastercard, Inc.

2.56%

Arista Networks, Inc.

2.33%

GE Aerospace

2.22%

Amphenol Corp.

2.13%

Motorola Solutions, Inc.

1.91%

Hilton Worldwide Holdings, Inc.

1.81%

Eaton Corp. Plc

1.79%

Frequently asked questions about PWB and FMAG

How have the PWB and FMAG ETFs performed in 2026?

As of November 3, 2026, PWB is up 16.11% year-to-date (YTD), while FMAG has returned 1.15%. 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 +$864M in flows, compared to -$36M for FMAG.

Which ETF is more volatile: PWB or FMAG?

Over the past year, PWB had a volatility of 25.43%, while FMAG experienced 17.35%.

Which ETF is bigger: PWB or FMAG?

As of November 3, 2026, PWB holds $2.49 B in assets under management (AUM), while FMAG manages $230.76 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 Intel Corp., Advanced Micro Devices, Inc. and Meta Platforms, Inc.. FMAG holds in its top three: US4642873099, NVIDIA Corp. and Amazon.com, Inc..

Which ETF is more diversified: PWB or FMAG?

PWB holds 50 securities with 51.13% of its assets in the top 15. FMAG has 566 securities and a top 15 weight of 68.63%.

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 November 3, 2026, PWB is up 16.11% year-to-date (YTD), while FMAG has returned 1.15%. 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 +$864M in flows, compared to -$36M for FMAG.

Which ETF is more volatile: PWB or FMAG?

Over the past year, PWB had a volatility of 25.43%, while FMAG experienced 17.35%.

Which ETF is bigger: PWB or FMAG?

As of November 3, 2026, PWB holds $2.49 B in assets under management (AUM), while FMAG manages $230.76 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 Intel Corp., Advanced Micro Devices, Inc. and Meta Platforms, Inc.. FMAG holds in its top three: US4642873099, NVIDIA Corp. and Amazon.com, Inc..

Which ETF is more diversified: PWB or FMAG?

PWB holds 50 securities with 51.13% of its assets in the top 15. FMAG has 566 securities and a top 15 weight of 68.63%.

3 Famous Mutual Funds That Deserve an ETF Version

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