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Launched · SEC filings

Invesco Large Cap Value ETF

PWVNYSE ArcaInvescoC

$80.57−0.27 (−0.33%)

At close: Nov 2, 2026, 4:00 PM ET

C48/ 100

Rank 30 of 40 in US Value Index

C48/100Rank 30 of 40inUS Value Index
Intraday session: down, 79 prints from 80.84 to 80.57. Range 80.57 to 81.03. Use the arrow keys to read each point.80.7080.9081.0010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$1.89B
1Y total return
+27.2%
Yield · Last 12 months
1.70%
Holdings
51
Avg volume · 30D
151K sh
52W range
low $63.97high $83.41
Launched
Filings
SEC EDGAR

The ETF.net PWV Grade

C

Score 48 out of 100

Category
US Value Index⁠
Rank
30 of 40
Six-pillar profile for PWV. Scores out of 100: Cost 13, Risk 81, Mission 63, Tradability 64, Holdings 38, Durability 63. Strongest: Risk (81). Weakest: Cost (13). Leans toward Risk.

Score 48 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.
    F13 out of 100
    Rank 35 of 40

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B63 out of 100
    Rank 33 of 37

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A81 out of 100
    Rank 4 of 39

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B64 out of 100
    Rank 11 of 40

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 33 of 40

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 17 of 40

Our read on PWV

ETF.net Research

In short

CA 2005-vintage value fund that doesn't just buy the cheap half of the market. Invesco's Intellidex rules screen large caps down to roughly 50 names, and you pay 0.55% a year for that selectivity.

Stated mandate

The Fund seeks capital appreciation by investing primarily in common stocks that comprise its underlying index.

Why people hold it

  • About 50 large-cap names picked by a rules-based Intellidex screen, not a few hundred sorted by price tag. Concentration is the whole point.invesco.com
  • Running since 2005 and now a multi-billion-dollar fund, so it's a long-tenured strategy rather than a recent launch riding a value revival.
  • Pays quarterly, and its swings have been mild for a stock fund compared with others in the value group.

Worth knowing

  • At 0.55%, one of the pricier ways to own large-cap value. VTV, SCHV and IUSV run the plain-index version for 0.03% to 0.04%.
  • A 50-stock screen can wander well away from broad value benchmarks, in either direction, between rebalances.
  • Moderately traded, so spreads won't be as tight as the biggest value ETFs. That shows up most on large or hurried orders.

PWV Performance

Launched Mar 3, 2005

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PWV$12,723
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PWV $12,723. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for PWV. Periods over one year show the average yearly return.
PeriodPWV
Year to date+23.3%
1 month+6.0%
3 months+1.5%
1 year+27.2%
3 yearsper year+24.2%
5 yearsper year+13.9%
10 yearsper year+12.6%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PWV
YearReturn barPWV
2026 YTD+23.3%
2025+19.6%
2024+14.5%
2023+10.4%
2022−1.2%
2021+29.1%
2020−3.7%

PWV in the news

PWV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.70%Last 12 months
Payout per share
$1.37Last 12 months
Last payment
$0.34 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.03; Jun 16, 2017 $0.20; Sep 18, 2017 $0.18; Dec 18, 2017 $0.20; Mar 19, 2018 $0.15; Jun 18, 2018 $0.21; Sep 24, 2018 $0.23; Dec 24, 2018 $0.18; Mar 18, 2019 $0.27; Jun 24, 2019 $0.23; Sep 23, 2019 $0.19; Dec 23, 2019 $0.24; Mar 23, 2020 $0.28; Jun 22, 2020 $0.25; Sep 21, 2020 $0.25; Dec 21, 2020 $0.24; Mar 22, 2021 $0.19; Jun 21, 2021 $0.20; Sep 20, 2021 $0.24; Dec 20, 2021 $0.30; Mar 21, 2022 $0.21; Jun 21, 2022 $0.27; Sep 19, 2022 $0.27; Dec 19, 2022 $0.32; Mar 20, 2023 $0.25; Jun 20, 2023 $0.31; Sep 18, 2023 $0.26; Dec 18, 2023 $0.27; Mar 18, 2024 $0.26; Jun 24, 2024 $0.32; Sep 23, 2024 $0.30; Dec 23, 2024 $0.29; Mar 24, 2025 $0.41; Jun 23, 2025 $0.44; Sep 22, 2025 $0.29; Dec 22, 2025 $0.27; Mar 23, 2026 $0.34; Jun 22, 2026 $0.41; Sep 21, 2026 $0.34. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.34
Jun 22, 2026Jun 26, 2026$0.41
Mar 23, 2026Mar 27, 2026$0.34
Dec 22, 2025Dec 26, 2025$0.27
Sep 22, 2025Sep 26, 2025$0.29
Jun 23, 2025Jun 27, 2025$0.44
Mar 24, 2025Mar 28, 2025$0.41
Dec 23, 2024Dec 27, 2024$0.29
Sep 23, 2024Sep 27, 2024$0.30
Jun 24, 2024Jun 28, 2024$0.32
Mar 18, 2024Mar 22, 2024$0.26
Dec 18, 2023Dec 22, 2023$0.27

See all 87 payments⁠

$10,000 in PWV 10 years ago paid $3,394 in dividends.⁠

PWV Risk

Risk pillarA81 out of 100Rank 4 of 39 in US Value Index
How much the fund’s monthly returns vary, scaled to a year.
12.6%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.44
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−16.4%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PWV Cost

Compare PWV and VTV

Overpaying vs VTV, tied cheapest in US Value Index

$10,266

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PWV 0.55%

    $10,904

  • VTV 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • PWV 0.55%
  • VTV 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PWV $10,904VTV $638

Year by year

YearPWVVTVOverpaying
10$988$55$933
20$3,790$216$3,574
30$10,904$638$10,266

Other funds in US Value Index

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