PTF vs. NERD

Last updated Jun 13, 2026

PTF (Invesco DWA Technology Momentum ETF) and NERD (Roundhill Video Games ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while NERD is a Gaming fund actively managed by Roundhill Investments. PTF is passively managed, while NERD is actively managed. Over the past 5 years, PTF returned 21.88%/yr vs -8.51%/yr for NERD. A 0.65 correlation means they provide meaningful diversification when combined. PTF charges 0.60%/yr vs 0.50%/yr for NERD.

Performance

PTF vs. NERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and Roundhill Video Games ETF (NERD). 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 NERD's -18.01% 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%

NERD

• 1D: -0.41%
• 1M: -4.10%
• YTD: -18.01%
• 6M: -19.37%
• 1Y: -21.50%
• 3Y*: 9.13%
• 5Y*: -8.51%
• 10Y*: —

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

PTF vs. NERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PTF Invesco DWA Technology Momentum ETF	69.64%	5.68%	43.65%	33.73%	-31.75%	18.10%	82.06%	17.63%
NERD Roundhill Video Games ETF	-18.01%	23.14%	28.52%	12.94%	-43.30%	-17.57%	89.66%	8.14%

Correlation

The correlation between PTF and NERD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.65

Over the past year, the correlation between PTF and NERD has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

PTF vs. NERD - Sectors Allocation Comparison

Sectors	PTF	NERD
Technology	92.9%	3.9%
Communication Services	5.8%	91.1%
Industrials	1.8%	1.2%
Energy	1.6%	-
Financial Services	1.4%	0.0%
Basic Materials	-	-
Consumer Cyclical	-	3.9%
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTF vs. NERD — 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

NERD

NERD Risk / Return Rank: 2
NERD Sharpe Ratio Rank: 1
NERD Sortino Ratio Rank: 2
NERD Omega Ratio Rank: 2
NERD Calmar Ratio Rank: 4
NERD Martin Ratio Rank: 3

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. NERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and Roundhill Video Games ETF (NERD). 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	NERD	Difference
Sharpe ratio: Return per unit of total volatility	2.39	-1.09	+3.49
Sortino ratio: Return per unit of downside risk	2.74	-1.50	+4.24
Omega ratio: Gain probability vs. loss probability	1.38	0.83	+0.55
Calmar ratio: Return relative to maximum drawdown	5.36	-0.69	+6.06
Martin ratio: Return relative to average drawdown	20.45	-1.23	+21.68

PTF vs. NERD - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.39, which is higher than the NERD Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of PTF and NERD, 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. NERD - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum NERD drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for PTF and NERD.

Drawdown Indicators

	PTF	NERD	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-65.58%	+10.20%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-31.19%	+13.20%
Max Drawdown (3Y) Largest decline over 3 years	-36.11%	-31.19%	-4.92%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-58.92%	+14.04%
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	—	—
Current Drawdown Current decline from peak	-4.47%	-46.82%	+42.35%
Average Drawdown Average peak-to-trough decline	-13.26%	-35.92%	+22.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	17.50%	-12.79%

Volatility

PTF vs. NERD - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.30% compared to Roundhill Video Games ETF (NERD) at 4.21%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than NERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTF	NERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.30%	4.21%	+12.09%
Volatility (6M) Calculated over the trailing 6-month period	31.97%	15.00%	+16.97%
Volatility (1Y) Calculated over the trailing 1-year period	40.36%	19.77%	+20.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.34%	24.51%	+10.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	25.49%	+7.67%

PTF vs. NERD - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than NERD's 0.50% expense ratio.

Dividends

PTF vs. NERD - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than NERD's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NERD Roundhill Video Games ETF	0.77%	0.63%	1.74%	1.07%	0.69%	0.02%	1.05%	0.31%	0.00%	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

Can I hold both PTF and NERD in my portfolio?

PTF and NERD have a correlation of 0.44, 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 NERD?

PTF has higher volatility (16.30%) compared to NERD (4.21%). In terms of maximum drawdown, PTF dropped -55.38% vs NERD's -65.58%.

Which ETF is better, PTF or NERD?

On 5-year performance, PTF leads with 21.88% vs -8.51% for NERD. On fees, NERD is cheaper at 0.50% per year. On volatility, NERD has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTF or NERD?

Over the 5-year period, PTF has performed better with a 21.88% return vs -8.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTF or NERD?

NERD is cheaper with a 0.50% expense ratio, compared with 0.60% for PTF.

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

NERD has the higher dividend yield at 0.77%, compared with 0.01% for PTF.

What is the main difference between PTF and NERD?

PTF is categorized as Momentum, while NERD is Gaming. They also come from different issuers: Invesco and Roundhill Investments. Their fees differ too: 0.60% for PTF and 0.50% for NERD.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (2.39 vs -1.09), 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.