PTF vs. FTXL
Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and First Trust Nasdaq Semiconductor ETF (FTXL).
PTF and FTXL 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. FTXL is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Semiconductor Index. It was launched on Sep 20, 2016. Both PTF and FTXL 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. FTXL - Performance Comparison
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PTF vs. FTXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 16.91% | 5.68% | 43.65% | 33.73% | -31.75% | 18.10% | 82.06% | 46.71% | 0.01% | 32.07% |
FTXL First Trust Nasdaq Semiconductor ETF | 17.52% | 48.94% | 7.59% | 54.41% | -33.88% | 36.04% | 46.08% | 61.77% | -14.47% | 32.19% |
Returns By Period
The year-to-date returns for both investments are quite close, with PTF having a 16.91% return and FTXL slightly higher at 17.52%.
PTF
- 1D
- 3.59%
- 1M
- -5.99%
- YTD
- 16.91%
- 6M
- 18.08%
- 1Y
- 50.40%
- 3Y*
- 27.21%
- 5Y*
- 12.92%
- 10Y*
- 21.87%
FTXL
- 1D
- 3.21%
- 1M
- -2.91%
- YTD
- 17.52%
- 6M
- 32.85%
- 1Y
- 101.16%
- 3Y*
- 33.55%
- 5Y*
- 18.43%
- 10Y*
- —
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PTF vs. FTXL - Expense Ratio Comparison
Both PTF and FTXL have an expense ratio of 0.60%.
Return for Risk
PTF vs. FTXL — Risk / Return Rank
PTF
FTXL
PTF vs. FTXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and First Trust Nasdaq Semiconductor ETF (FTXL). 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 | FTXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 2.43 | -1.13 |
Sortino ratioReturn per unit of downside risk | 1.81 | 2.95 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.42 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 5.50 | -2.63 |
Martin ratioReturn relative to average drawdown | 10.46 | 21.31 | -10.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PTF | FTXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 2.43 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.52 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.72 | -0.26 |
Correlation
The correlation between PTF and FTXL is 0.77, 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.
Dividends
PTF vs. FTXL - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.01%, less than FTXL's 0.23% 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% |
FTXL First Trust Nasdaq Semiconductor ETF | 0.23% | 0.28% | 0.54% | 0.60% | 0.89% | 0.25% | 0.48% | 0.92% | 0.71% | 0.47% | 0.12% |
Drawdowns
PTF vs. FTXL - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, which is greater than FTXL's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for PTF and FTXL.
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Drawdown Indicators
| PTF | FTXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -43.87% | -11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -18.57% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -44.88% | -43.87% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.88% | — | — |
Current DrawdownCurrent decline from peak | -6.53% | -6.58% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -13.38% | -10.72% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 4.79% | +0.15% |
Volatility
PTF vs. FTXL - Volatility Comparison
Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.26% compared to First Trust Nasdaq Semiconductor ETF (FTXL) at 13.48%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTF | FTXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.26% | 13.48% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 32.61% | 28.09% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.01% | 41.94% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.82% | 35.39% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.57% | 33.99% | -1.42% |