PTF vs. QQQ
Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and Invesco QQQ (QQQ).
PTF and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both PTF and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTF or QQQ.
Key characteristics
| PTF | QQQ | |
|---|---|---|
| YTD Return | 21.40% | 16.41% |
| 1Y Return | 30.85% | 26.86% |
| 3Y Return (Ann) | 5.30% | 8.93% |
| 5Y Return (Ann) | 21.38% | 20.65% |
| 10Y Return (Ann) | 18.24% | 17.94% |
| Sharpe Ratio | 1.01 | 1.57 |
| Daily Std Dev | 31.63% | 17.78% |
| Max Drawdown | -55.38% | -82.98% |
| Current Drawdown | -6.62% | -5.49% |
Correlation
The correlation between PTF and QQQ is 0.82, 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.
Performance
PTF vs. QQQ - Performance Comparison
In the year-to-date period, PTF achieves a 21.40% return, which is significantly higher than QQQ's 16.41% return. Both investments have delivered pretty close results over the past 10 years, with PTF having a 18.24% annualized return and QQQ not far behind at 17.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PTF vs. QQQ - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PTF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and Invesco QQQ (QQQ). 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.
Dividends
PTF vs. QQQ - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.03%, less than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 0.03% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% | 0.00% | 0.68% | 0.17% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PTF vs. QQQ - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PTF and QQQ. For additional features, visit the drawdowns tool.
Volatility
PTF vs. QQQ - Volatility Comparison
Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 13.35% compared to Invesco QQQ (QQQ) at 6.53%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.