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PTF vs. IAK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTF vs. IAK

Last updated Jun 13, 2026

PTF (Invesco DWA Technology Momentum ETF) and IAK (iShares U.S. Insurance ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while IAK is a Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Both are passively managed. Over the past 10 years, PTF returned 26.39%/yr vs 12.67%/yr for IAK. At a 0.47 correlation, their price movements are largely independent. PTF charges 0.60%/yr vs 0.43%/yr for IAK.

Performance

PTF vs. IAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and iShares U.S. Insurance ETF (IAK). 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 IAK's 1.11% return. Over the past 10 years, PTF has outperformed IAK with an annualized return of 26.39%, while IAK has yielded a comparatively lower 12.67% annualized 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%

IAK

1D
0.68%
1M
4.20%
YTD
1.11%
6M
0.88%
1Y
4.33%
3Y*
18.27%
5Y*
13.37%
10Y*
12.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTF vs. IAK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IAK
iShares U.S. Insurance ETF		1.11%9.50%28.25%11.28%11.33%26.84%-2.86%25.94%-11.48%14.18%

Correlation

The correlation between PTF and IAK is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.06

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

0.10

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

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2006

0.47

The correlation between PTF and IAK shifts across timeframes, from -0.06 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

PTF vs. IAK - Sectors Allocation Comparison

Sectors
PTF
IAK

Technology

92.9%

-

Communication Services

5.8%

-

Industrials

1.8%

-

Energy

1.6%

-

Financial Services

1.4%
99.5%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

0.5%

Real Estate

-

-

Utilities

-

-

Technology

PTF
92.9%
IAK

-

Communication Services

PTF
5.8%
IAK

-

Industrials

PTF
1.8%
IAK

-

Energy

PTF
1.6%
IAK

-

Financial Services

PTF
1.4%
IAK
99.5%

Basic Materials

PTF

-

IAK

-

Consumer Cyclical

PTF

-

IAK

-

Consumer Defensive

PTF

-

IAK

-

Healthcare

PTF

-

IAK
0.5%

Real Estate

PTF

-

IAK

-

Utilities

PTF

-

IAK

-

Compare stocks, funds, or ETFs

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Invesco DWA Technology Momentum ETF

iShares U.S. Insurance ETF

Often compared with PTF:
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Often compared with IAK:
IAK vs. KIEIAK vs. KBWPIAK vs. IHEIAK vs. DIVBIAK vs. INFLIAK vs. VYMIAK vs. VTI

Return for Risk

PTF vs. IAK — 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
IAK
IAK Risk / Return Rank: 1515
Overall Rank
IAK Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
IAK Sortino Ratio Rank: 1313
Sortino Ratio Rank
IAK Omega Ratio Rank: 1313
Omega Ratio Rank
IAK Calmar Ratio Rank: 1717
Calmar Ratio Rank
IAK Martin Ratio Rank: 1616
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. IAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and iShares U.S. Insurance ETF (IAK). 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.

PTFIAKDifference
Sharpe ratioReturn per unit of total volatility
2.39
0.29

+2.10

Sortino ratioReturn per unit of downside risk
2.74
0.50

+2.24

Omega ratioGain probability vs. loss probability

1.38

1.06

+0.32

Calmar ratioReturn relative to maximum drawdown

5.36

0.57

+4.79

Martin ratioReturn relative to average drawdown

20.45

1.27

+19.18

PTF vs. IAK - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.39, which is higher than the IAK Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of PTF and IAK, 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. IAK - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum IAK drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for PTF and IAK.

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Drawdown Indicators

PTFIAKDifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-77.38%

+22.00%

Max Drawdown (1Y)

Largest decline over 1 year

-17.99%

-7.62%

-10.37%

Max Drawdown (3Y)

Largest decline over 3 years

-36.11%

-11.58%

-24.53%

Max Drawdown (5Y)

Largest decline over 5 years

-44.88%

-14.76%

-30.12%

Max Drawdown (10Y)

Largest decline over 10 years

-44.88%

-44.95%

+0.07%

Current Drawdown

Current decline from peak

-4.47%

-0.23%

-4.24%

Average Drawdown

Average peak-to-trough decline

-13.26%

-16.11%

+2.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.71%

3.41%

+1.30%

Volatility

PTF vs. IAK - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.30% compared to iShares U.S. Insurance ETF (IAK) at 5.49%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTFIAKDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.30%

5.49%

+10.81%

Volatility (6M)

Calculated over the trailing 6-month period

31.97%

10.75%

+21.22%

Volatility (1Y)

Calculated over the trailing 1-year period

40.36%

15.10%

+25.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.34%

18.14%

+17.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.16%

20.92%

+12.24%

PTF vs. IAK - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than IAK's 0.43% expense ratio.

Dividends

PTF vs. IAK - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than IAK's 2.60% yield.

PositionTTM20252024202320222021202020192018201720162015
IAK
iShares U.S. Insurance ETF		2.60%1.69%1.49%1.44%1.69%2.26%2.07%1.84%2.33%1.62%1.68%1.62%
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

PTF and IAK have a correlation of -0.06, 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 IAK (5.49%). In terms of maximum drawdown, PTF dropped -55.38% vs IAK's -77.38%.

On 10-year performance, PTF leads with 26.39% vs 12.67% for IAK. On fees, IAK is cheaper at 0.43% per year. On volatility, IAK has been the lower-risk option at 5.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PTF has performed better with a 26.39% return vs 12.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IAK is cheaper with a 0.43% expense ratio, compared with 0.60% for PTF.

IAK has the higher dividend yield at 2.60%, compared with 0.01% for PTF.

PTF is categorized as Momentum, while IAK is Financials Equities. PTF tracks DWA Technology Technical Leaders Index, while IAK tracks Dow Jones U.S. Select Insurance Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.60% for PTF and 0.43% for IAK.

PTF currently has the higher Sharpe Ratio (2.39 vs 0.29), 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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