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PTF vs. ESPO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTF vs. ESPO

Last updated Jun 13, 2026

PTF (Invesco DWA Technology Momentum ETF) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, PTF returned 21.88%/yr vs 5.49%/yr for ESPO. A 0.71 correlation means they provide meaningful diversification when combined. PTF charges 0.60%/yr vs 0.55%/yr for ESPO.

Performance

PTF vs. ESPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and VanEck Vectors Video Gaming and eSports ETF (ESPO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PTF achieves a 69.64% return, which is significantly higher than ESPO's -15.10% return.

PTF

1D
1.49%
1M
6.00%
YTD
69.64%
6M
66.68%
1Y
95.99%
3Y*
39.34%
5Y*
21.88%
10Y*
26.39%

ESPO

1D
-0.29%
1M
-3.31%
YTD
-15.10%
6M
-16.17%
1Y
-14.92%
3Y*
16.96%
5Y*
5.49%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTF vs. ESPO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PTF
Invesco DWA Technology Momentum ETF		69.64%5.68%43.65%33.73%-31.75%18.10%82.06%46.71%-11.58%
ESPO
VanEck Vectors Video Gaming and eSports ETF		-15.10%25.79%47.61%33.64%-34.71%-2.13%83.93%42.36%-12.49%

Correlation

The correlation between PTF and ESPO is 0.50, 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

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.71

Over the past year, the correlation between PTF and ESPO has dropped to 0.50 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

PTF vs. ESPO - Sectors Allocation Comparison

Sectors
PTF
ESPO

Technology

92.9%
8.2%

Communication Services

5.8%
78.1%

Industrials

1.8%

-

Energy

1.6%

-

Financial Services

1.4%

-

Basic Materials

-

-

Consumer Cyclical

-

13.8%

Consumer Defensive

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

PTF
92.9%
ESPO
8.2%

Communication Services

PTF
5.8%
ESPO
78.1%

Industrials

PTF
1.8%
ESPO

-

Energy

PTF
1.6%
ESPO

-

Financial Services

PTF
1.4%
ESPO

-

Basic Materials

PTF

-

ESPO

-

Consumer Cyclical

PTF

-

ESPO
13.8%

Consumer Defensive

PTF

-

ESPO

-

Healthcare

PTF

-

ESPO

-

Real Estate

PTF

-

ESPO

-

Utilities

PTF

-

ESPO

-

Compare stocks, funds, or ETFs

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Invesco DWA Technology Momentum ETF

VanEck Vectors Video Gaming and eSports ETF

Often compared with PTF:
PTF vs. QQQPTF vs. SMHPTF vs. XLKPTF vs. VOOPTF vs. SPYPTF vs. SOXXPTF vs. VUG
Often compared with ESPO:
ESPO vs. HEROESPO vs. ESGB.LESPO vs. GAMRESPO vs. NERDESPO vs. VGTESPO vs. MDLZESPO vs. SNSR

Return for Risk

PTF vs. ESPO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTF
PTF Risk / Return Rank: 8383
Overall Rank
PTF Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
PTF Sortino Ratio Rank: 7070
Sortino Ratio Rank
PTF Omega Ratio Rank: 7474
Omega Ratio Rank
PTF Calmar Ratio Rank: 9292
Calmar Ratio Rank
PTF Martin Ratio Rank: 9292
Martin Ratio Rank
ESPO
ESPO Risk / Return Rank: 44
Overall Rank
ESPO Sharpe Ratio Rank: 33
Sharpe Ratio Rank
ESPO Sortino Ratio Rank: 44
Sortino Ratio Rank
ESPO Omega Ratio Rank: 44
Omega Ratio Rank
ESPO Calmar Ratio Rank: 55
Calmar Ratio Rank
ESPO Martin Ratio Rank: 55
Martin Ratio Rank
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. ESPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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.

PTFESPODifference
Sharpe ratioReturn per unit of total volatility
2.39
-0.80

+3.19

Sortino ratioReturn per unit of downside risk
2.74
-1.02

+3.76

Omega ratioGain probability vs. loss probability

1.38

0.88

+0.50

Calmar ratioReturn relative to maximum drawdown

5.36

-0.54

+5.90

Martin ratioReturn relative to average drawdown

20.45

-0.94

+21.39

PTF vs. ESPO - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.39, which is higher than the ESPO Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of PTF and ESPO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PTF vs. ESPO - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, which is greater than ESPO's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for PTF and ESPO.

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Drawdown Indicators

PTFESPODifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-50.99%

-4.39%

Max Drawdown (1Y)

Largest decline over 1 year

-17.99%

-27.81%

+9.82%

Max Drawdown (3Y)

Largest decline over 3 years

-36.11%

-27.81%

-8.30%

Max Drawdown (5Y)

Largest decline over 5 years

-44.88%

-48.33%

+3.45%

Max Drawdown (10Y)

Largest decline over 10 years

-44.88%

—

—

Current Drawdown

Current decline from peak

-4.47%

-27.19%

+22.72%

Average Drawdown

Average peak-to-trough decline

-13.26%

-15.06%

+1.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.71%

15.95%

-11.24%

Volatility

PTF vs. ESPO - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.30% compared to VanEck Vectors Video Gaming and eSports ETF (ESPO) at 4.42%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than ESPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTFESPODifference

Volatility (1M)

Calculated over the trailing 1-month period

16.30%

4.42%

+11.88%

Volatility (6M)

Calculated over the trailing 6-month period

31.97%

14.67%

+17.30%

Volatility (1Y)

Calculated over the trailing 1-year period

40.36%

18.83%

+21.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.34%

25.10%

+10.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.16%

25.71%

+7.45%

PTF vs. ESPO - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than ESPO's 0.55% expense ratio.

Dividends

PTF vs. ESPO - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than ESPO's 1.47% yield.

PositionTTM2025202420232022202120202019201820172016
ESPO
VanEck Vectors Video Gaming and eSports ETF		1.47%1.24%0.44%0.96%0.91%3.36%0.12%0.22%0.04%0.00%0.00%
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%

Frequently Asked Questions

PTF and ESPO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PTF has higher volatility (16.30%) compared to ESPO (4.42%). In terms of maximum drawdown, PTF dropped -55.38% vs ESPO's -50.99%.

On 5-year performance, PTF leads with 21.88% vs 5.49% for ESPO. On fees, ESPO is cheaper at 0.55% per year. On volatility, ESPO has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, PTF has performed better with a 21.88% return vs 5.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ESPO is cheaper with a 0.55% expense ratio, compared with 0.60% for PTF.

ESPO has the higher dividend yield at 1.47%, compared with 0.01% for PTF.

PTF is categorized as Momentum, while ESPO is Large Cap Growth Equities. PTF tracks DWA Technology Technical Leaders Index, while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.60% for PTF and 0.55% for ESPO.

PTF currently has the higher Sharpe Ratio (2.39 vs -0.80), 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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