FTEC vs. PTF

Last updated Jun 18, 2026

FTEC (Fidelity MSCI Information Technology Index ETF) and PTF (Invesco DWA Technology Momentum ETF) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index. Both are passively managed. Over the past 10 years, FTEC returned 25.11%/yr vs 26.71%/yr for PTF. Their correlation of 0.85 suggests significant overlap in exposure. FTEC charges 0.08%/yr vs 0.60%/yr for PTF.

Performance

FTEC vs. PTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity MSCI Information Technology Index ETF (FTEC) 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, FTEC achieves a 24.40% return, which is significantly lower than PTF's 72.71% return. Over the past 10 years, FTEC has underperformed PTF with an annualized return of 25.11%, while PTF has yielded a comparatively higher 26.71% annualized return.

FTEC

• 1D: -0.77%
• 1M: 4.32%
• YTD: 24.40%
• 6M: 28.38%
• 1Y: 49.83%
• 3Y*: 29.76%
• 5Y*: 20.55%
• 10Y*: 25.11%

PTF

• 1D: 0.61%
• 1M: 15.15%
• YTD: 72.71%
• 6M: 81.71%
• 1Y: 101.17%
• 3Y*: 41.02%
• 5Y*: 22.87%
• 10Y*: 26.71%

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

FTEC vs. PTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTEC Fidelity MSCI Information Technology Index ETF	24.40%	22.11%	29.40%	53.30%	-29.59%	30.49%	45.83%	48.93%	-0.39%	36.83%
PTF Invesco DWA Technology Momentum ETF	72.71%	5.68%	43.65%	33.73%	-31.75%	18.10%	82.06%	46.71%	0.01%	32.07%

Correlation

The correlation between FTEC and PTF is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 24, 2013	0.85

The correlation between FTEC and PTF has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

FTEC vs. PTF - Sectors Allocation Comparison

Sectors	FTEC	PTF
Technology	98.3%	93.8%
Industrials	0.6%	1.8%
Financial Services	0.5%	1.5%
Energy	0.4%	1.6%
Communication Services	0.0%	4.7%
Consumer Cyclical	0.0%	-
Basic Materials	0.0%	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FTEC vs. PTF — Risk / Return Rank

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

FTEC

FTEC Risk / Return Rank: 66
FTEC Sharpe Ratio Rank: 76
FTEC Sortino Ratio Rank: 65
FTEC Omega Ratio Rank: 68
FTEC Calmar Ratio Rank: 66
FTEC Martin Ratio Rank: 57

PTF

PTF Risk / Return Rank: 81
PTF Sharpe Ratio Rank: 84
PTF Sortino Ratio Rank: 66
PTF Omega Ratio Rank: 72
PTF Calmar Ratio Rank: 92
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.

FTEC vs. PTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FTEC	PTF	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.50	-0.26
Sortino ratio: Return per unit of downside risk	2.80	2.82	-0.02
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	3.08	5.65	-2.58
Martin ratio: Return relative to average drawdown	9.52	21.53	-12.00

FTEC vs. PTF - Sharpe Ratio Comparison

The current FTEC Sharpe Ratio is 2.24, which is comparable to the PTF Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FTEC 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.

Drawdowns

FTEC vs. PTF - Drawdown Comparison

The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum PTF drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for FTEC and PTF.

Drawdown Indicators

	FTEC	PTF	Difference
Max Drawdown Largest peak-to-trough decline	-34.95%	-55.38%	+20.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.26%	-17.99%	+1.73%
Max Drawdown (3Y) Largest decline over 3 years	-27.30%	-36.11%	+8.81%
Max Drawdown (5Y) Largest decline over 5 years	-34.95%	-44.88%	+9.93%
Max Drawdown (10Y) Largest decline over 10 years	-34.95%	-44.88%	+9.93%
Current Drawdown Current decline from peak	-7.09%	-2.88%	-4.21%
Average Drawdown Average peak-to-trough decline	-5.57%	-13.26%	+7.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	4.72%	+0.53%

Volatility

FTEC vs. PTF - Volatility Comparison

The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 10.59%, while Invesco DWA Technology Momentum ETF (PTF) has a volatility of 16.22%. This indicates that FTEC experiences smaller price fluctuations and is considered to be less risky than PTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEC	PTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	16.22%	-5.63%
Volatility (6M) Calculated over the trailing 6-month period	18.23%	31.49%	-13.26%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	40.70%	-18.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.52%	35.44%	-9.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.85%	33.22%	-8.37%

FTEC vs. PTF - Expense Ratio Comparison

FTEC has a 0.08% expense ratio, which is lower than PTF's 0.60% expense ratio.

Dividends

FTEC vs. PTF - Dividend Comparison

FTEC's dividend yield for the trailing twelve months is around 0.34%, more than PTF's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTEC Fidelity MSCI Information Technology Index ETF	0.34%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
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%	0.00%

Frequently Asked Questions

Can I hold both FTEC and PTF in my portfolio?

FTEC and PTF have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTEC or PTF?

PTF has higher volatility (16.22%) compared to FTEC (10.59%). In terms of maximum drawdown, FTEC dropped -34.95% vs PTF's -55.38%.

Which ETF is better, FTEC or PTF?

On 10-year performance, PTF leads with 26.71% vs 25.11% for FTEC. On fees, FTEC is cheaper at 0.08% per year. On volatility, FTEC has been the lower-risk option at 10.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTEC or PTF?

Over the 10-year period, PTF has performed better with a 26.71% return vs 25.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTEC or PTF?

FTEC is cheaper with a 0.08% expense ratio, compared with 0.60% for PTF.

Which ETF pays a higher dividend yield, FTEC or PTF?

FTEC has the higher dividend yield at 0.34%, compared with 0.01% for PTF.

What is the main difference between FTEC and PTF?

FTEC is categorized as Technology Equities, while PTF is Momentum. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while PTF tracks DWA Technology Technical Leaders Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.08% for FTEC and 0.60% for PTF.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (2.50 vs 2.24), 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.