PTF vs. ASMH

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and ASML Holding NV ADR Hedged ETF (ASMH).

PTF and ASMH 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. ASMH is a passively managed fund by Precidian Funds that tracks the performance of the ASML Holding NV Sponsored ADR. It was launched on Mar 13, 2025. Both PTF and ASMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PTF vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

PTF vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
PTF Invesco DWA Technology Momentum ETF	12.86%	36.99%
ASMH ASML Holding NV ADR Hedged ETF	25.77%	58.84%

Returns By Period

In the year-to-date period, PTF achieves a 12.86% return, which is significantly lower than ASMH's 25.77% return.

PTF

• 1D: 5.98%
• 1M: -6.21%
• YTD: 12.86%
• 6M: 15.38%
• 1Y: 46.43%
• 3Y*: 25.72%
• 5Y*: 12.13%
• 10Y*: 21.44%

ASMH

• 1D: 4.15%
• 1M: -6.47%
• YTD: 25.77%
• 6M: 39.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTF vs. ASMH - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than ASMH's 0.19% expense ratio.

PTF

Invesco DWA Technology Momentum ETF

ASMH

ASML Holding NV ADR Hedged ETF

Return for Risk

PTF vs. ASMH — Risk / Return Rank

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

PTF

PTF Risk / Return Rank: 75
PTF Sharpe Ratio Rank: 70
PTF Sortino Ratio Rank: 70
PTF Omega Ratio Rank: 66
PTF Calmar Ratio Rank: 85
PTF Martin Ratio Rank: 83

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.

PTF vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	PTF	ASMH	Difference
Sharpe ratio Return per unit of total volatility	1.20	—	—
Sortino ratio Return per unit of downside risk	1.70	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	2.50	—	—
Martin ratio Return relative to average drawdown	9.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PTF	ASMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	3.00	-2.55

Correlation

The correlation between PTF and ASMH is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PTF vs. ASMH - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than ASMH's 1.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
ASMH ASML Holding NV ADR Hedged ETF	1.29%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PTF vs. ASMH - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, which is greater than ASMH's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for PTF and ASMH.

Drawdown Indicators

	PTF	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-15.89%	-39.49%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	—	—
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	-9.77%	-11.21%	+1.44%
Average Drawdown Average peak-to-trough decline	-13.38%	-4.43%	-8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	—	—

Volatility

Volatility by Period

	PTF	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.88%	36.81%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.79%	36.81%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.56%	36.81%	-4.25%