MTSI vs. PTF

Last updated Jul 15, 2026

MTSI (MACOM Technology Solutions Holdings, Inc.) is a stock, while PTF (Invesco Dorsey Wright Technology Momentum ETF) is Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index. Over the past 10 years, MTSI returned 23.84%/yr vs 24.23%/yr for PTF. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

MTSI vs. PTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MACOM Technology Solutions Holdings, Inc. (MTSI) and Invesco Dorsey Wright Technology Momentum ETF (PTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTSI achieves a 76.18% return, which is significantly higher than PTF's 47.90% return. Both investments have delivered pretty close results over the past 10 years, with MTSI having a 23.84% annualized return and PTF not far ahead at 24.23%.

MTSI

• 1D: 2.56%
• 1M: -20.56%
• 6M: 41.33%
• YTD: 76.18%
• 1Y: 120.86%
• 3Y*: 66.42%
• 5Y*: 38.98%
• 10Y*: 23.84%

PTF

• 1D: 3.71%
• 1M: -12.82%
• 6M: 35.25%
• YTD: 47.90%
• 1Y: 68.95%
• 3Y*: 31.08%
• 5Y*: 18.75%
• 10Y*: 24.23%

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

MTSI vs. PTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MTSI MACOM Technology Solutions Holdings, Inc.	76.18%	31.85%	39.76%	47.59%	-19.57%	42.26%	106.92%	83.32%	-55.41%	-29.69%
PTF Invesco Dorsey Wright Technology Momentum ETF	47.90%	5.68%	43.65%	33.73%	-31.75%	18.10%	82.06%	46.71%	0.01%	32.07%

Correlation

The correlation between MTSI and PTF is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 15, 2012	0.61

The correlation between MTSI and PTF shifts across timeframes, from 0.61 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MTSI vs. PTF — Risk / Return Rank

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

MTSI

MTSI Risk / Return Rank: 91
MTSI Sharpe Ratio Rank: 93
MTSI Sortino Ratio Rank: 88
MTSI Omega Ratio Rank: 88
MTSI Calmar Ratio Rank: 92
MTSI Martin Ratio Rank: 94

PTF

PTF Risk / Return Rank: 63
PTF Sharpe Ratio Rank: 57
PTF Sortino Ratio Rank: 48
PTF Omega Ratio Rank: 53
PTF Calmar Ratio Rank: 77
PTF Martin Ratio Rank: 79

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.

MTSI vs. PTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MACOM Technology Solutions Holdings, Inc. (MTSI) and Invesco Dorsey Wright 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.

	MTSI	PTF	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.53	+0.72
Sortino ratio: Return per unit of downside risk	2.61	1.93	+0.68
Omega ratio: Gain probability vs. loss probability	1.34	1.27	+0.08
Calmar ratio: Return relative to maximum drawdown	4.31	3.17	+1.14
Martin ratio: Return relative to average drawdown	13.84	11.86	+1.98

MTSI vs. PTF - Sharpe Ratio Comparison

The current MTSI Sharpe Ratio is 2.24, which is higher than the PTF Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of MTSI 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

MTSI vs. PTF - Drawdown Comparison

The maximum MTSI drawdown since its inception was -80.78%, which is greater than PTF's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for MTSI and PTF.

Drawdown Indicators

	MTSI	PTF	Difference
Max Drawdown Largest peak-to-trough decline	-80.78%	-55.38%	-25.40%
Max Drawdown (1Y) Largest decline over 1 year	-28.18%	-21.86%	-6.32%
Max Drawdown (3Y) Largest decline over 3 years	-41.09%	-36.11%	-4.98%
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	-44.88%	+0.02%
Max Drawdown (10Y) Largest decline over 10 years	-80.78%	-44.88%	-35.90%
Current Drawdown Current decline from peak	-26.34%	-18.24%	-8.10%
Average Drawdown Average peak-to-trough decline	-26.14%	-13.25%	-12.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.77%	5.83%	+2.94%

Volatility

MTSI vs. PTF - Volatility Comparison

The current volatility for MACOM Technology Solutions Holdings, Inc. (MTSI) is 20.04%, while Invesco Dorsey Wright Technology Momentum ETF (PTF) has a volatility of 22.46%. This indicates that MTSI 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

	MTSI	PTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.04%	22.46%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	44.33%	37.13%	+7.20%
Volatility (1Y) Calculated over the trailing 1-year period	54.18%	45.43%	+8.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.50%	36.59%	+7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.58%	33.81%	+18.77%

Dividends

MTSI vs. PTF - Dividend Comparison

MTSI 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
MTSI MACOM Technology Solutions Holdings, 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 Dorsey Wright 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 MTSI and PTF in my portfolio?

MTSI and PTF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTSI or PTF?

PTF has higher volatility (22.46%) compared to MTSI (20.04%). In terms of maximum drawdown, MTSI dropped -80.78% vs PTF's -55.38%.

Which has better risk-adjusted returns?

MTSI currently has the higher Sharpe Ratio (2.24 vs 1.53), 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.