PTF vs. GRID

Last updated Jun 14, 2026

PTF (Invesco DWA Technology Momentum ETF) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, PTF returned 26.39%/yr vs 19.76%/yr for GRID. A 0.62 correlation means they provide meaningful diversification when combined. PTF charges 0.60%/yr vs 0.70%/yr for GRID.

Performance

PTF vs. GRID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTF achieves a 69.64% return, which is significantly higher than GRID's 23.59% return. Over the past 10 years, PTF has outperformed GRID with an annualized return of 26.39%, while GRID has yielded a comparatively lower 19.76% annualized return.

PTF

• 1D: 1.49%
• 1M: 4.93%
• YTD: 69.64%
• 6M: 66.68%
• 1Y: 99.51%
• 3Y*: 39.34%
• 5Y*: 21.88%
• 10Y*: 26.39%

GRID

• 1D: -0.18%
• 1M: -4.22%
• YTD: 23.59%
• 6M: 24.02%
• 1Y: 43.17%
• 3Y*: 23.21%
• 5Y*: 16.83%
• 10Y*: 19.76%

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

PTF vs. GRID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTF Invesco DWA Technology Momentum ETF	69.64%	5.68%	43.65%	33.73%	-31.75%	18.10%	82.06%	46.71%	0.01%	32.07%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	23.59%	29.65%	15.18%	21.57%	-13.89%	27.65%	48.84%	42.80%	-22.69%	27.44%

Correlation

The correlation between PTF and GRID is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009	0.62

The correlation between PTF and GRID shifts across timeframes, from 0.62 (all time) to 0.77 (5 years), reflecting how their relationship changes across market environments.

PTF vs. GRID - Sectors Allocation Comparison

Sectors	PTF	GRID
Technology	93.8%	12.6%
Communication Services	4.7%	-
Industrials	1.8%	24.4%
Energy	1.6%	1.6%
Financial Services	1.5%	-
Basic Materials	-	0.0%
Consumer Cyclical	-	2.4%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	3.9%

Return for Risk

PTF vs. GRID — Risk / Return Rank

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

PTF

PTF Risk / Return Rank: 83
PTF Sharpe Ratio Rank: 85
PTF Sortino Ratio Rank: 70
PTF Omega Ratio Rank: 74
PTF Calmar Ratio Rank: 92
PTF Martin Ratio Rank: 92

GRID

GRID Risk / Return Rank: 73
GRID Sharpe Ratio Rank: 72
GRID Sortino Ratio Rank: 69
GRID Omega Ratio Rank: 69
GRID Calmar Ratio Rank: 79
GRID Martin Ratio Rank: 78

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. GRID - 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 Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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	GRID	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.02	+0.37
Sortino ratio: Return per unit of downside risk	2.74	2.70	+0.04
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	5.36	3.57	+1.79
Martin ratio: Return relative to average drawdown	20.45	12.89	+7.56

PTF vs. GRID - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.39, which is comparable to the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of PTF and GRID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTF vs. GRID - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, which is greater than GRID's maximum drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for PTF and GRID.

Drawdown Indicators

	PTF	GRID	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-40.56%	-14.82%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-11.73%	-6.26%
Max Drawdown (3Y) Largest decline over 3 years	-36.11%	-20.77%	-15.34%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-29.64%	-15.24%
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	-40.56%	-4.32%
Current Drawdown Current decline from peak	-4.47%	-5.40%	+0.93%
Average Drawdown Average peak-to-trough decline	-13.26%	-8.42%	-4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	3.25%	+1.46%

Volatility

PTF vs. GRID - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.30% compared to First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) at 9.56%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTF	GRID	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.30%	9.56%	+6.74%
Volatility (6M) Calculated over the trailing 6-month period	31.97%	17.70%	+14.27%
Volatility (1Y) Calculated over the trailing 1-year period	40.36%	20.73%	+19.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.34%	21.24%	+14.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	22.90%	+10.26%

PTF vs. GRID - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

PTF vs. GRID - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than GRID's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	0.80%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
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%	0.00%

Frequently Asked Questions

Can I hold both PTF and GRID in my portfolio?

PTF and GRID have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTF or GRID?

PTF has higher volatility (16.30%) compared to GRID (9.56%). In terms of maximum drawdown, PTF dropped -55.38% vs GRID's -40.56%.

Which ETF is better, PTF or GRID?

On 10-year performance, PTF leads with 26.39% vs 19.76% for GRID. On fees, PTF is cheaper at 0.60% per year. On volatility, GRID has been the lower-risk option at 9.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTF or GRID?

Over the 10-year period, PTF has performed better with a 26.39% return vs 19.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTF or GRID?

PTF is cheaper with a 0.60% expense ratio, compared with 0.70% for GRID.

Which ETF pays a higher dividend yield, PTF or GRID?

GRID has the higher dividend yield at 0.80%, compared with 0.01% for PTF.

What is the main difference between PTF and GRID?

PTF is categorized as Momentum, while GRID is Alternative Energy Equities. PTF tracks DWA Technology Technical Leaders Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.60% for PTF and 0.70% for GRID.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (2.39 vs 2.02), 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.