Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Invesco Large Cap Growth ETF
$161.69−0.67 (−0.41%)
- 0.55%
- $2.8B
- +30.7%
- 0.00%
- 0.1M sh
- $164.43
- low $118.50high $169.01
The ETF.net PWB Grade
C
Score 53 out of 100
- 26 of 35
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F12 out of 100Rank 31 of 35Mission
Whether the fund did what it promised, tested against its stated mandate.A84 out of 100Rank 27 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 9 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A71 out of 100Rank 7 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 14 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 18 of 35
Our read on PWB
CSmart beta before it had a name. Since 2005, PWB has run a rules-based Intellidex screen down to about 50 large-cap growth names instead of owning the whole growth index by size.
The Fund seeks capital appreciation by tracking the Dynamic Large Cap Growth IntellidexSM Index.
Why people hold it
- Live since 2005, making it one of the longest-running rules-based growth ETFs on the market, with two decades of history through multiple full market cycles.invesco.com
- The Intellidex screen lands on roughly 50 names, so it behaves less like a cap-weighted growth index and more like a quant stock-picker in an index wrapper.
- A billion-dollar-plus fund with moderate trading activity and one clearly stated job: capital appreciation by tracking the Dynamic Large Cap Growth Intellidex Index.
Worth knowing
- At 0.55% a year, it runs roughly three times the 0.18% median for its growth cohort, and the cheapest peers (VUG, SCHG) charge 0.03% to 0.04%.
- With about 50 holdings, single names and sector tilts carry real weight, so the ride can look quite different from a broad cap-weighted growth index.
- The stated mandate is capital appreciation, not income, and the fund has not been a regular distribution payer.
PWB Holdings
- Stocks
- 52
- 35%
- AMD
Geography
- United States95.89%
- Ireland1.48%
- Netherlands1.35%
- Singapore1.28%
PWB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PWB$13,074
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PWB |
|---|---|
| Year to date | +27.7% |
| 1 month | +3.5% |
| 3 months | 0.0% |
| 1 year | +30.7% |
| 3 years | +33.4% |
| 5 years | +17.3% |
| 10 years | +18.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PWB |
|---|---|---|
| 2026 YTD | +27.7% | |
| 2025 | +24.9% | |
| 2024 | +31.0% | |
| 2023 | +30.6% | |
| 2022 | −25.8% | |
| 2021 | +19.6% | |
| 2020 | +31.9% |
PWB in the news
PWB Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
PWB Risk
- 19.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.39
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.22
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PWB Cost
0.55%
PWB0.55%
- The middle half of US Growth Index funds
- Median 0.18%
30 of the 35 US Growth Index funds charge less.
Other funds in US Growth Index
- BEGUSiShares ESG Aware MSCI USA Growth ETFExpense ratio 0.18%1 year return +18.7%
- CBKLGBNY Mellon US Large Cap Equity Growth ETFExpense ratio 0.10%1 year return —
- CGFLWVictory Portfolios II - Victoryshares Free Cash Flow Growth ETFExpense ratio 0.50%1 year return +21.7%
- CFYCFirst Trust Small Cap Growth AlphaDEX FundExpense ratio 0.70%1 year return +28.2%
- CPRXGPraxis Impact Large Cap Growth ETFExpense ratio 0.36%1 year return +18.1%