PTF vs. QQQA

Last updated Jun 4, 2026

PTF (Invesco DWA Technology Momentum ETF) and QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the DWA Technology Technical Leaders Index, while QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. Both are passively managed. Over the past 5 years, PTF returned 23.79%/yr vs 14.74%/yr for QQQA. Their correlation of 0.85 suggests significant overlap in exposure. PTF charges 0.60%/yr vs 0.58%/yr for QQQA.

Performance

PTF vs. QQQA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTF achieves a 77.58% return, which is significantly higher than QQQA's 65.37% return.

PTF

• 1D: 0.27%
• 1M: 19.05%
• YTD: 77.58%
• 6M: 74.93%
• 1Y: 109.08%
• 3Y*: 43.28%
• 5Y*: 23.79%
• 10Y*: 26.93%

QQQA

• 1D: 2.20%
• 1M: 23.31%
• YTD: 65.37%
• 6M: 67.98%
• 1Y: 88.43%
• 3Y*: 34.58%
• 5Y*: 14.74%
• 10Y*: —

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

PTF vs. QQQA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PTF Invesco DWA Technology Momentum ETF	77.58%	5.68%	43.65%	33.73%	-31.75%	25.89%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	65.37%	9.87%	16.17%	24.98%	-29.08%	8.43%

Correlation

The correlation between PTF and QQQA is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.85

The correlation between PTF and QQQA has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

PTF vs. QQQA - Sectors Allocation Comparison

Sectors	PTF	QQQA
Technology	92.9%	65.2%
Communication Services	5.8%	13.7%
Industrials	1.8%	-
Energy	1.6%	9.1%
Financial Services	1.4%	-
Basic Materials	-	-
Consumer Cyclical	-	4.2%
Consumer Defensive	-	-
Healthcare	-	7.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

PTF vs. QQQA — Risk / Return Rank

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

PTF

PTF Risk / Return Rank: 82
PTF Sharpe Ratio Rank: 85
PTF Sortino Ratio Rank: 67
PTF Omega Ratio Rank: 71
PTF Calmar Ratio Rank: 91
PTF Martin Ratio Rank: 93

QQQA

QQQA Risk / Return Rank: 90
QQQA Sharpe Ratio Rank: 92
QQQA Sortino Ratio Rank: 87
QQQA Omega Ratio Rank: 87
QQQA Calmar Ratio Rank: 92
QQQA Martin Ratio Rank: 92

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. QQQA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA). 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.

	PTF	QQQA	Difference
Sharpe ratio: Return per unit of total volatility	2.86	3.41	-0.56
Sortino ratio: Return per unit of downside risk	3.15	4.00	-0.84
Omega ratio: Gain probability vs. loss probability	1.44	1.54	-0.11
Calmar ratio: Return relative to maximum drawdown	6.10	6.11	-0.02
Martin ratio: Return relative to average drawdown	24.27	22.85	+1.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTF vs. QQQA - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.86, which is comparable to the QQQA Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of PTF and QQQA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTF	QQQA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	3.41	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.57	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.59	-0.05

Drawdowns

PTF vs. QQQA - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, which is greater than QQQA's maximum drawdown of -38.44%. Use the drawdown chart below to compare losses from any high point for PTF and QQQA.

Drawdown Indicators

	PTF	QQQA	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-38.44%	-16.94%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-14.54%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	-36.11%	-30.84%	-5.27%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-38.44%	-6.44%
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-13.27%	-15.68%	+2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	3.88%	+0.63%

Volatility

PTF vs. QQQA - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 13.27% compared to ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) at 10.17%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than QQQA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTF	QQQA	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.27%	10.17%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	29.47%	22.18%	+7.29%
Volatility (1Y) Calculated over the trailing 1-year period	38.39%	26.05%	+12.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.95%	25.83%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.94%	25.77%	+7.17%

PTF vs. QQQA - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than QQQA's 0.58% expense ratio.

Dividends

PTF vs. QQQA - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than QQQA's 0.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.06%	0.10%	0.09%	0.34%	0.28%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTF and QQQA in my portfolio?

PTF and QQQA have a correlation of 0.82, 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 QQQA?

PTF has higher volatility (13.27%) compared to QQQA (10.17%). In terms of maximum drawdown, PTF dropped -55.38% vs QQQA's -38.44%.

Which ETF is better, PTF or QQQA?

On 5-year performance, PTF leads with 23.79% vs 14.74% for QQQA. On fees, QQQA is cheaper at 0.58% per year. On volatility, QQQA has been the lower-risk option at 10.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTF or QQQA?

Over the 5-year period, PTF has performed better with a 23.79% return vs 14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTF or QQQA?

QQQA is cheaper with a 0.58% expense ratio, compared with 0.60% for PTF.

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

QQQA has the higher dividend yield at 0.06%, compared with 0.01% for PTF.

What is the main difference between PTF and QQQA?

PTF is categorized as Momentum, while QQQA is Nasdaq-100. PTF tracks DWA Technology Technical Leaders Index, while QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.60% for PTF and 0.58% for QQQA.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (3.41 vs 2.86), 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.