PTF vs. BAI
PTF (Invesco Dorsey Wright Technology Momentum ETF) and BAI (iShares A.I. Innovation and Tech Active ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index, while BAI is a Technology Equities fund actively managed by iShares. PTF is passively managed, while BAI is actively managed. Over the past year, PTF returned 53.98% vs 48.47% for BAI. Their correlation of 0.88 means they have usually moved in the same direction. PTF charges 0.60%/yr vs 0.55%/yr for BAI.
Performance
PTF vs. BAI - Performance Comparison
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Returns By Period
In the year-to-date period, PTF achieves a 41.44% return, which is significantly higher than BAI's 36.46% return.
PTF
- 1D
- 6.41%
- 1M
- -4.61%
- 6M
- 23.32%
- YTD
- 41.44%
- 1Y
- 53.98%
- 3Y*
- 30.70%
- 5Y*
- 16.16%
- 10Y*
- 23.35%
- ALL TIME*
- 13.87%
BAI
- 1D
- 6.24%
- 1M
- -3.32%
- 6M
- 32.63%
- YTD
- 36.46%
- 1Y
- 48.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $175.87M | $166.61M | $211.15M | |
| $25.15M | $20.80M | $16.47M |
PTF vs. BAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PTF Invesco Dorsey Wright Technology Momentum ETF | 41.44% | 5.68% | 9.24% |
BAI iShares A.I. Innovation and Tech Active ETF | 36.46% | 25.22% | 8.89% |
Correlation
The correlation between PTF and BAI is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.88 |
The correlation between PTF and BAI has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
PTF vs. BAI - Sectors Allocation Comparison
Sectors
PTF
BAI
Technology
Communication Services
Industrials
Energy
-
Financial Services
-
Basic Materials
-
-
Consumer Cyclical
-
Consumer Defensive
-
-
Healthcare
-
Real Estate
-
-
Utilities
-
-
Technology
PTF
BAI
Communication Services
PTF
BAI
Industrials
PTF
BAI
Energy
PTF
BAI
-
Financial Services
PTF
BAI
-
Basic Materials
PTF
-
BAI
-
Consumer Cyclical
PTF
-
BAI
Consumer Defensive
PTF
-
BAI
-
Healthcare
PTF
-
BAI
Real Estate
PTF
-
BAI
-
Utilities
PTF
-
BAI
-
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Return for Risk
PTF vs. BAI — Risk / Return Rank
PTF
BAI
PTF vs. BAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) and iShares A.I. Innovation and Tech Active ETF (BAI). 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.
| PTF | BAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.58 | -0.17 |
| Martin ratioReturn relative to average drawdown | 6.17 | 5.72 | +0.44 |
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Drawdowns
PTF vs. BAI - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, which is greater than BAI's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for PTF and BAI.
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Drawdown Indicators
| PTF | BAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -34.09% | -21.29% |
Max Drawdown (1Y)Largest decline over 1 year | -38.59% | -30.85% | -7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -38.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.88% | — | — |
Current DrawdownCurrent decline from peak | -21.81% | -16.21% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -7.47% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 8.49% | +0.32% |
Volatility
PTF vs. BAI - Volatility Comparison
Invesco Dorsey Wright Technology Momentum ETF (PTF) has a higher volatility of 27.09% compared to iShares A.I. Innovation and Tech Active ETF (BAI) at 19.93%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than BAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTF | BAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.09% | 19.93% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 43.61% | 38.07% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.31% | 43.30% | +8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.11% | 40.00% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.66% | 40.00% | -5.34% |
PTF vs. BAI - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is higher than BAI's 0.55% expense ratio.
Dividends
PTF vs. BAI - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.01%, less than BAI's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BAI iShares A.I. Innovation and Tech Active ETF | 1.31% | 1.80% | 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
PTF and BAI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTF has higher volatility (27.09%) compared to BAI (19.93%). In terms of maximum drawdown, PTF dropped -55.38% vs BAI's -34.09%.
On 1-year performance, PTF leads with 53.98% vs 48.47% for BAI. On fees, BAI is cheaper at 0.55% per year. On volatility, BAI has been the lower-risk option at 19.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PTF has performed better with a 53.98% return vs 48.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAI is cheaper with a 0.55% expense ratio, compared with 0.60% for PTF.
BAI has the higher dividend yield at 1.31%, compared with 0.01% for PTF.
PTF is categorized as Momentum, while BAI is Technology Equities. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.60% for PTF and 0.55% for BAI.
BAI currently has the higher Sharpe Ratio (1.13 vs 1.06), 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.
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