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PTF vs. JMOM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTF vs. JMOM

Last updated Jun 24, 2026

PTF (Invesco Dorsey Wright Technology Momentum ETF) and JMOM (JPMorgan U.S. Momentum Factor ETF) are both Momentum funds - PTF tracks the Dorsey Wright Technology Technical Leaders Index while JMOM tracks the JP Morgan US Momentum Factor Index. Both are passively managed. Over the past 5 years, PTF returned 21.25%/yr vs 15.10%/yr for JMOM. Their correlation of 0.81 suggests significant overlap in exposure. PTF charges 0.60%/yr vs 0.12%/yr for JMOM.

Performance

PTF vs. JMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Technology Momentum ETF (PTF) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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 69.43% return, which is significantly higher than JMOM's 21.70% return.

PTF

1D
-6.34%
1M
5.02%
YTD
69.43%
6M
64.22%
1Y
96.10%
3Y*
41.16%
5Y*
21.25%
10Y*
26.71%

JMOM

1D
-2.53%
1M
2.90%
YTD
21.70%
6M
19.91%
1Y
34.10%
3Y*
27.39%
5Y*
15.10%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTF vs. JMOM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PTF
Invesco Dorsey Wright Technology Momentum ETF		69.43%5.68%43.65%33.73%-31.75%18.10%82.06%46.71%0.01%-2.75%
JMOM
JPMorgan U.S. Momentum Factor ETF		21.70%18.02%28.47%22.89%-20.83%25.03%29.25%28.24%-5.25%3.36%

Correlation

The correlation between PTF and JMOM is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.85

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

0.84

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

0.87

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2017

0.81

The correlation between PTF and JMOM has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

PTF vs. JMOM - Sectors Allocation Comparison

Sectors
PTF
JMOM

Technology

93.8%
43.1%

Communication Services

4.7%
7.7%

Industrials

1.8%
12.0%

Energy

1.6%
3.3%

Financial Services

1.5%
9.0%

Basic Materials

-

1.3%

Consumer Cyclical

-

6.3%

Consumer Defensive

-

5.0%

Healthcare

-

8.1%

Real Estate

-

2.2%

Utilities

-

2.0%

Technology

PTF
93.8%
JMOM
43.1%

Communication Services

PTF
4.7%
JMOM
7.7%

Industrials

PTF
1.8%
JMOM
12.0%

Energy

PTF
1.6%
JMOM
3.3%

Financial Services

PTF
1.5%
JMOM
9.0%

Basic Materials

PTF

-

JMOM
1.3%

Consumer Cyclical

PTF

-

JMOM
6.3%

Consumer Defensive

PTF

-

JMOM
5.0%

Healthcare

PTF

-

JMOM
8.1%

Real Estate

PTF

-

JMOM
2.2%

Utilities

PTF

-

JMOM
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Dorsey Wright Technology Momentum ETF

JPMorgan U.S. Momentum Factor ETF

Often compared with PTF:
PTF vs. QQQPTF vs. SMHPTF vs. XLKPTF vs. VOOPTF vs. SPYPTF vs. SOXXPTF vs. VUG
Often compared with JMOM:
JMOM vs. SPMOJMOM vs. MTUMJMOM vs. VOOJMOM vs. QQQJMOM vs. QMOMJMOM vs. SCHGJMOM vs. BIBL

Return for Risk

PTF vs. JMOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTF
PTF Risk / Return Rank: 7676
Overall Rank
PTF Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
PTF Sortino Ratio Rank: 5959
Sortino Ratio Rank
PTF Omega Ratio Rank: 6464
Omega Ratio Rank
PTF Calmar Ratio Rank: 9090
Calmar Ratio Rank
PTF Martin Ratio Rank: 9191
Martin Ratio Rank
JMOM
JMOM Risk / Return Rank: 7676
Overall Rank
JMOM Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
JMOM Sortino Ratio Rank: 6868
Sortino Ratio Rank
JMOM Omega Ratio Rank: 6868
Omega Ratio Rank
JMOM Calmar Ratio Rank: 8484
Calmar Ratio Rank
JMOM Martin Ratio Rank: 9090
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. JMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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.

PTFJMOMDifference
Sharpe ratioReturn per unit of total volatility
2.34
2.19

+0.15

Sortino ratioReturn per unit of downside risk
2.67
2.95

-0.28

Omega ratioGain probability vs. loss probability

1.37

1.38

-0.02

Calmar ratioReturn relative to maximum drawdown

5.37

4.35

+1.02

Martin ratioReturn relative to average drawdown

20.37

19.57

+0.80

PTF vs. JMOM - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.34, which is comparable to the JMOM Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of PTF and JMOM, 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. JMOM - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, which is greater than JMOM's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for PTF and JMOM.

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Drawdown Indicators

PTFJMOMDifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-34.31%

-21.07%

Max Drawdown (1Y)

Largest decline over 1 year

-17.99%

-7.87%

-10.12%

Max Drawdown (3Y)

Largest decline over 3 years

-36.11%

-19.51%

-16.60%

Max Drawdown (5Y)

Largest decline over 5 years

-44.88%

-28.26%

-16.62%

Max Drawdown (10Y)

Largest decline over 10 years

-44.88%

—

—

Current Drawdown

Current decline from peak

-6.34%

-2.53%

-3.81%

Average Drawdown

Average peak-to-trough decline

-13.25%

-6.29%

-6.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.73%

1.75%

+2.98%

Volatility

PTF vs. JMOM - Volatility Comparison

Invesco Dorsey Wright Technology Momentum ETF (PTF) has a higher volatility of 17.66% compared to JPMorgan U.S. Momentum Factor ETF (JMOM) at 7.29%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTFJMOMDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.66%

7.29%

+10.37%

Volatility (6M)

Calculated over the trailing 6-month period

32.05%

13.12%

+18.93%

Volatility (1Y)

Calculated over the trailing 1-year period

41.37%

15.69%

+25.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.58%

18.87%

+16.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.29%

20.19%

+13.10%

PTF vs. JMOM - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than JMOM's 0.12% expense ratio.

Dividends

PTF vs. JMOM - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than JMOM's 0.72% yield.

PositionTTM2025202420232022202120202019201820172016
JMOM
JPMorgan U.S. Momentum Factor ETF		0.72%0.86%0.75%1.21%1.39%0.64%0.85%1.11%1.38%0.29%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 JMOM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PTF has higher volatility (17.66%) compared to JMOM (7.29%). In terms of maximum drawdown, PTF dropped -55.38% vs JMOM's -34.31%.

On 5-year performance, PTF leads with 21.25% vs 15.10% for JMOM. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 7.29%. 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 21.25% return vs 15.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

JMOM is cheaper with a 0.12% expense ratio, compared with 0.60% for PTF.

JMOM has the higher dividend yield at 0.72%, compared with 0.01% for PTF.

PTF tracks Dorsey Wright Technology Technical Leaders Index, while JMOM tracks JP Morgan US Momentum Factor Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.60% for PTF and 0.12% for JMOM.

PTF currently has the higher Sharpe Ratio (2.34 vs 2.19), 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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