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PWVvsMGVETF Comparison

ETF 1

PWV

Invesco Dynamic Large Cap Value ETF

This fund is part of

US Large Cap Value

-0.6%

Full PWV fund page

VS

ETF 2

MGV

Vanguard Morningstar Mega Cap Value ETF

This fund is part of

US Large Cap Value

-0.6%

Full MGV fund page

Invesco Dynamic Large Cap Value ETF (PWV) and Vanguard Morningstar Mega Cap Value ETF (MGV) belong to the same industry segment: US Large Cap Value. PWV's top 3 sector exposures are Finance, Energy and Healthcare. In contrast, MGV's top sector exposures are Finance, Healthcare and Technology. PWV is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.05% for MGV. PWV is up 23.4% year-to-date (YTD) with +$319M in YTD flows. MGV performs worse with 21.42% YTD performance, and +$1.31B in YTD flows. Run a side-by-side ETF comparison of PWV and MGV 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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PWV vs MGV 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 10/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PWV MGV	+5.98%+4.93%	+1.65%+3.72%	+23.40%+21.42%	+27.28%+25.56%	+93.22%+83.78%	+90.80%+83.19%
Flows	PWV MGV	-$33M+$117M	+$151M+$500M	+$319M+$1.31B	+$356M+$1.53B	+$523M+$3.57B	+$517M+$4.84B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PWV MGV	+10.17%+7.97%	+9.99%+10.15%	+12.92%+11.86%	+14.15%+13.53%
Max drawdown	PWV MGV	-7.90%-4.21%	-7.90%-6.41%	-14.40%-13.12%	-16.49%-16.61%
Max drawdown duration	PWV MGV	57d72d	57d77d	192d131d	688d455d

Trading data

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	PWV	MGV
Last sale 10/30/2026 at 1:30 PM	$80.84	$169.00
Previous close 10/29/2026	$80.43	$169.83
Consolidated volume 10/29/2026
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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	PWV	MGV
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/30/2026 at 1:30 PM

Live

Closed

	PWV	MGV
Last price	$80.84	$169.00
1D performance	+0.51%	-0.49%
AuM	$1.89 B	$14.23 B
E/R	0.55%	0.05%

Characteristics

	PWV	MGV
Management strategy	Passive	Passive
Provider	Invesco	Vanguard
Benchmark	Dynamic Large Cap Value Intellidex Index	CRSP U.S. Mega Cap Value Index
N° of holdings	50	114
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	March 3, 2005	December 17, 2007
ESG	No	No

More PWV data on Trackinsight

More MGV data on Trackinsight

Exposure

Countries

PWV

USA

97.09%

Other

2.91%

MGV

USA

95.91%

Other

4.09%

Sectors

PWV

Finance

32.13%

Energy

23.54%

Healthcare

13.81%

Telecommunication.

9.89%

Other

20.63%

MGV

Finance

23.37%

Healthcare

17.87%

Technology

15.54%

Industrials

12.53%

Consumer Non-Cycl.

11.8%

Other

18.89%

Diversification

PWV

Total weight of top 15 holdings out of 15

49.71%

MGV

Total weight of top 15 holdings out of 15

39.03%

Top 15 holdings

Data as of September 30, 2026

PWV

Chevron Corp.

3.63%

ExxonMobil Holdings Corp.

3.56%

Citigroup, Inc.

3.47%

AT&T, Inc.

3.40%

Wells Fargo & Co.

3.35%

UnitedHealth Group, Inc.

3.35%

The Walt Disney Co.

3.34%

Amgen, Inc.

3.32%

JPMorgan Chase & Co.

3.32%

Verizon Communications, Inc.

3.27%

T-Mobile US, Inc.

3.22%

PepsiCo, Inc.

3.18%

Morgan Stanley

3.14%

Bank of America Corp.

3.12%

The Goldman Sachs Group, Inc.

3.04%

MGV

Micron Technology, Inc.

5.91%

JPMorgan Chase & Co.

4.32%

Berkshire Hathaway, Inc.

3.46%

ExxonMobil Holdings Corp.

3.31%

Johnson & Johnson

3.13%

AbbVie, Inc.

2.27%

Walmart, Inc.

2.23%

Costco Wholesale Corp.

1.98%

Chevron Corp.

1.88%

Cisco Systems, Inc.

1.87%

Caterpillar, Inc.

1.83%

Bank of America Corp.

1.78%

Merck & Co., Inc.

1.76%

Procter & Gamble Co.

1.66%

The Coca-Cola Co.

1.64%

Frequently asked questions about PWV and MGV

How have the PWV and MGV ETFs performed in 2026?

As of October 30, 2026, PWV is up 23.4% year-to-date (YTD), while MGV has returned 21.42%. That puts PWV better performer ahead so far this year.

Which ETF is attracting more investor money: PWV or MGV?

Year-to-date, the PWV ETF saw +$319M in flows, compared to +$1.31B for MGV.

Which ETF is more volatile: PWV or MGV?

Over the past year, PWV had a volatility of 9.99%, while MGV experienced 10.15%.

Which ETF is bigger: PWV or MGV?

As of October 30, 2026, PWV holds $1.89 B in assets under management (AUM), while MGV manages $14.23 B.

What sectors do the PWV and MGV ETFs invest in?

PWV leans toward sectors like Finance, Energy and Healthcare. Meanwhile, MGV focuses on Finance, Healthcare and Technology.

What are the top holdings of the PWV ETF and MGV ETF?

PWV top holdings include Chevron Corp., ExxonMobil Holdings Corp. and Citigroup, Inc.. MGV holds in its top three: Micron Technology, Inc., JPMorgan Chase & Co. and Berkshire Hathaway, Inc..

PWVvsMGVETF Comparison

Invesco Dynamic Large Cap Value ETF

Vanguard Morningstar Mega Cap Value ETF

PWV vs MGV 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 PWV and MGV ETFs performed in 2026?

As of October 30, 2026, PWV is up 23.4% year-to-date (YTD), while MGV has returned 21.42%. That puts PWV better performer ahead so far this year.

Which ETF is attracting more investor money: PWV or MGV?

Year-to-date, the PWV ETF saw +$319M in flows, compared to +$1.31B for MGV.

Which ETF is more volatile: PWV or MGV?

Over the past year, PWV had a volatility of 9.99%, while MGV experienced 10.15%.

Which ETF is bigger: PWV or MGV?

As of October 30, 2026, PWV holds $1.89 B in assets under management (AUM), while MGV manages $14.23 B.

What sectors do the PWV and MGV ETFs invest in?

PWV leans toward sectors like Finance, Energy and Healthcare. Meanwhile, MGV focuses on Finance, Healthcare and Technology.

What are the top holdings of the PWV ETF and MGV ETF?

PWV top holdings include Chevron Corp., ExxonMobil Holdings Corp. and Citigroup, Inc.. MGV holds in its top three: Micron Technology, Inc., JPMorgan Chase & Co. and Berkshire Hathaway, Inc..

Which ETF is more diversified: PWV or MGV?

PWV holds 50 securities with 49.71% of its assets in the top 15. MGV has 115 securities and a top 15 weight of 39.03%.

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