PTF vs. ARKK
Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and ARK Innovation ETF (ARKK).
PTF and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTF is a passively managed fund by Invesco that tracks the performance of the DWA Technology Technical Leaders Index. It was launched on Oct 12, 2006. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTF or ARKK.
Key characteristics
| PTF | ARKK | |
|---|---|---|
| YTD Return | 21.40% | -12.62% |
| 1Y Return | 30.85% | 4.93% |
| 3Y Return (Ann) | 5.30% | -26.50% |
| 5Y Return (Ann) | 21.38% | 0.95% |
| Sharpe Ratio | 1.01 | 0.15 |
| Daily Std Dev | 31.63% | 36.54% |
| Max Drawdown | -55.38% | -80.91% |
| Current Drawdown | -6.62% | -70.29% |
Correlation
The correlation between PTF and ARKK is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PTF vs. ARKK - Performance Comparison
In the year-to-date period, PTF achieves a 21.40% return, which is significantly higher than ARKK's -12.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PTF vs. ARKK - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
PTF vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and ARK Innovation ETF (ARKK). 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.
Dividends
PTF vs. ARKK - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.03%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 0.03% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% | 0.00% | 0.68% | 0.17% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
PTF vs. ARKK - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for PTF and ARKK. For additional features, visit the drawdowns tool.
Volatility
PTF vs. ARKK - Volatility Comparison
Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 13.35% compared to ARK Innovation ETF (ARKK) at 11.68%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.