ARQQ vs. PTF

Last updated Jun 4, 2026

ARQQ (Arqit Quantum Inc.) is a stock, while PTF (Invesco DWA Technology Momentum ETF) is Momentum fund tracking the DWA Technology Technical Leaders Index. Over the past 3 years, ARQQ returned -22.54%/yr vs 43.28%/yr for PTF. At a 0.35 correlation, their price movements are largely independent.

Performance

ARQQ vs. PTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arqit Quantum Inc. (ARQQ) and Invesco DWA Technology Momentum ETF (PTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARQQ achieves a -33.09% return, which is significantly lower than PTF's 77.58% return.

ARQQ

• 1D: -10.02%
• 1M: 1.53%
• YTD: -33.09%
• 6M: -50.44%
• 1Y: -37.97%
• 3Y*: -22.54%
• 5Y*: —
• 10Y*: —

PTF

• 1D: 0.27%
• 1M: 19.05%
• YTD: 77.58%
• 6M: 74.93%
• 1Y: 109.08%
• 3Y*: 43.28%
• 5Y*: 23.79%
• 10Y*: 26.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARQQ vs. PTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARQQ Arqit Quantum Inc.	-33.09%	-43.67%	227.76%	-86.87%	-84.93%	111.95%
PTF Invesco DWA Technology Momentum ETF	77.58%	5.68%	43.65%	33.73%	-31.75%	3.03%

Correlation

The correlation between ARQQ and PTF is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 8, 2021	0.35

The correlation between ARQQ and PTF shifts across timeframes, from 0.35 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ARQQ vs. PTF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARQQ

ARQQ Risk / Return Rank: 28
ARQQ Sharpe Ratio Rank: 25
ARQQ Sortino Ratio Rank: 32
ARQQ Omega Ratio Rank: 31
ARQQ Calmar Ratio Rank: 24
ARQQ Martin Ratio Rank: 27

PTF

PTF Risk / Return Rank: 82
PTF Sharpe Ratio Rank: 85
PTF Sortino Ratio Rank: 67
PTF Omega Ratio Rank: 71
PTF Calmar Ratio Rank: 91
PTF Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARQQ vs. PTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arqit Quantum Inc. (ARQQ) and Invesco DWA Technology Momentum ETF (PTF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARQQ	PTF	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	2.86	-3.22
Sortino ratio: Return per unit of downside risk	0.10	3.15	-3.05
Omega ratio: Gain probability vs. loss probability	1.01	1.44	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.48	6.10	-6.57
Martin ratio: Return relative to average drawdown	-0.73	24.27	-25.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARQQ vs. PTF - Sharpe Ratio Comparison

The current ARQQ Sharpe Ratio is -0.36, which is lower than the PTF Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of ARQQ and PTF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARQQ	PTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	2.86	-3.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.68	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.54	-0.88

Drawdowns

ARQQ vs. PTF - Drawdown Comparison

The maximum ARQQ drawdown since its inception was -99.60%, which is greater than PTF's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for ARQQ and PTF.

Drawdown Indicators

	ARQQ	PTF	Difference
Max Drawdown Largest peak-to-trough decline	-99.60%	-55.38%	-44.22%
Max Drawdown (1Y) Largest decline over 1 year	-79.78%	-17.99%	-61.79%
Max Drawdown (3Y) Largest decline over 3 years	-90.47%	-36.11%	-54.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.88%	—
Current Drawdown Current decline from peak	-98.46%	0.00%	-98.46%
Average Drawdown Average peak-to-trough decline	-88.80%	-13.27%	-75.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.22%	4.51%	+47.71%

Volatility

ARQQ vs. PTF - Volatility Comparison

Arqit Quantum Inc. (ARQQ) has a higher volatility of 31.86% compared to Invesco DWA Technology Momentum ETF (PTF) at 13.27%. This indicates that ARQQ's price experiences larger fluctuations and is considered to be riskier than PTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARQQ	PTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.86%	13.27%	+18.59%
Volatility (6M) Calculated over the trailing 6-month period	63.00%	29.47%	+33.53%
Volatility (1Y) Calculated over the trailing 1-year period	105.68%	38.39%	+67.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.95%	34.95%	+99.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.95%	32.94%	+101.01%

Dividends

ARQQ vs. PTF - Dividend Comparison

ARQQ has not paid dividends to shareholders, while PTF's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ARQQ Arqit Quantum Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PTF Invesco DWA Technology Momentum ETF	0.01%	0.21%	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.08%	0.04%	0.26%

Frequently Asked Questions

Can I hold both ARQQ and PTF in my portfolio?

ARQQ and PTF have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARQQ or PTF?

ARQQ has higher volatility (31.86%) compared to PTF (13.27%). In terms of maximum drawdown, ARQQ dropped -99.60% vs PTF's -55.38%.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (2.86 vs -0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.