Invesco Large Cap Growth ETF (PWB) is a US large-cap growth ETF. As of October 28, 2026, ETF Copilot scores PWB 7.3 out of 10 — highest on Growth (9.4), lowest on Risk (2.7). It trades at 32.4 times earnings, against its own median of 32.5. Its ten largest holdings are 36% of the fund.
What stands out in PWB's data
U.S. large-cap growth stocks with a focus on profitability and earnings power.
Expected to grow earnings faster than most large-cap growth peers — a bet on the names with the most projected upside.
A growth estimate of 34% sits above the peer median of 33% and well above the fund's own historical median of 16%, though the portfolio trades at EBITDA multiple of 25.0x and carries a 0.55% expense ratio.
A profitability-driven tilt within a broader U.S. large-cap growth allocation, with higher valuations reflecting earnings strength over growth.
How is PWB rated? ETF Copilot scores Invesco Large Cap Growth ETF (PWB) 7.3 out of 10
As of October 28, 2026, ETF Copilot scores Invesco Large Cap Growth ETF (PWB) 7.3 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.3 / 10
- Growth: 9.4 / 10
- Value: 4.4 / 10
- Risk: 2.7 / 10
- Quality: 9.2 / 10
- Return: 9.1 / 10
PWB is ranked #6 of 10 in ETF Copilot's Growth list.
Is PWB expensive right now? It trades at 32.4 times earnings, against its own median of 32.5
As of October 28, 2026, PWB is cheaper than 52% of its own last 9 years.
Trailing 12 months, built from PWB's holdings. How we calculate this →
What's inside PWB? 51% Tech
What's inside PWB: Size (Large 100%, Mid 0%, Small 0%); Geography (International 4%, US 96%); Tech 51.4%; Magnificent 7 17.3%; AI 21.4%; Semiconductors 28.7%; Memory 19.9%.
What are PWB's top holdings? The ten largest are 36% of the fund
Advanced Micro Devices, Apple, Facebook, Intel, Visa, Eli Lilly, Costco Wholesale, Nvidia, Mastercard and Micron Technology are PWB's largest holdings, in that order.
Less concentrated than 79% of US Large Cap Growth ETFs.
Half of PWB's weight sits in its 15 largest positions, and once those weights are taken into account it behaves like 41 equally weighted holdings.
What is PWB's expense ratio? 0.55% a year
As of October 28, 2026, PWB charges 0.55% a year and holds $2.6B in assets across 50 positions.
| Measure | PWB |
|---|---|
| Expense ratio | 0.55% |
| Assets under management | $2.6B |
| Holdings | 50 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco Large Cap Growth ETF (PWB) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/pwb
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