PTF vs. SOXQ

Last updated Aug 5, 2026

PTF (Invesco Dorsey Wright Technology Momentum ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. Over the past 5 years, PTF returned 16.16%/yr vs 29.96%/yr for SOXQ. Their correlation of 0.85 means they have usually moved in the same direction. PTF charges 0.60%/yr vs 0.19%/yr for SOXQ.

Performance

PTF vs. SOXQ - Performance Comparison

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

Returns By Period

In the year-to-date period, PTF achieves a 41.44% return, which is significantly lower than SOXQ's 72.20% return.

PTF

• 1D: 6.41%
• 1M: -4.61%
• 6M: 23.32%
• YTD: 41.44%
• 1Y: 53.98%
• 3Y*: 30.70%
• 5Y*: 16.16%
• 10Y*: 23.35%
• ALL TIME*: 13.87%

SOXQ

• 1D: 6.53%
• 1M: -3.45%
• 6M: 53.12%
• YTD: 72.20%
• 1Y: 117.36%
• 3Y*: 49.65%
• 5Y*: 29.96%
• 10Y*: —
• ALL TIME*: 30.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTF Invesco Dorsey Wright Technology Momentum ETF	$25.15M	$20.80M	$16.47M
SOXQ Invesco PHLX Semiconductor ETF	$214.44M	$218.73M	$282.51M

PTF vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PTF Invesco Dorsey Wright Technology Momentum ETF	41.44%	5.68%	43.65%	33.73%	-31.75%	15.37%
SOXQ Invesco PHLX Semiconductor ETF	72.20%	43.11%	20.16%	66.74%	-35.59%	25.19%

Correlation

The correlation between PTF and SOXQ is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.85

The correlation between PTF and SOXQ has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

PTF vs. SOXQ - Sectors Allocation Comparison

Sectors	PTF	SOXQ
Technology	94.7%	99.9%
Communication Services	4.5%	-
Industrials	1.8%	-
Energy	1.6%	-
Financial Services	0.8%	0.1%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PTF vs. SOXQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTF

PTF Risk / Return Rank: 40
PTF Sharpe Ratio Rank: 38
PTF Sortino Ratio Rank: 38
PTF Omega Ratio Rank: 40
PTF Calmar Ratio Rank: 37
PTF Martin Ratio Rank: 48

SOXQ

SOXQ Risk / Return Rank: 88
SOXQ Sharpe Ratio Rank: 93
SOXQ Sortino Ratio Rank: 82
SOXQ Omega Ratio Rank: 85
SOXQ Calmar Ratio Rank: 90
SOXQ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTF vs. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.70	-1.64
Sortino ratio: Return per unit of downside risk	1.58	2.96	-1.38
Omega ratio: Gain probability vs. loss probability	1.21	1.40	-0.19
Calmar ratio: Return relative to maximum drawdown	1.41	4.13	-2.73
Martin ratio: Return relative to average drawdown	6.17	16.72	-10.55

PTF vs. SOXQ - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 1.06, which is lower than the SOXQ Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of PTF and SOXQ, 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. SOXQ - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for PTF and SOXQ.

Drawdown Indicators

	PTF	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-46.01%	-9.37%
Max Drawdown (1Y) Largest decline over 1 year	-38.59%	-28.56%	-10.03%
Max Drawdown (3Y) Largest decline over 3 years	-38.59%	-39.36%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-46.01%	+1.13%
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	—	—
Current Drawdown Current decline from peak	-21.81%	-16.72%	-5.09%
Average Drawdown Average peak-to-trough decline	-13.29%	-12.93%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.81%	7.05%	+1.76%

Volatility

PTF vs. SOXQ - Volatility Comparison

Invesco Dorsey Wright Technology Momentum ETF (PTF) has a higher volatility of 27.09% compared to Invesco PHLX Semiconductor ETF (SOXQ) at 17.65%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTF	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.09%	17.65%	+9.44%
Volatility (6M) Calculated over the trailing 6-month period	43.61%	37.94%	+5.67%
Volatility (1Y) Calculated over the trailing 1-year period	51.31%	43.80%	+7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.11%	38.40%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.66%	38.01%	-3.35%

PTF vs. SOXQ - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than SOXQ's 0.19% expense ratio.

Dividends

PTF vs. SOXQ - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than SOXQ's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXQ Invesco PHLX Semiconductor ETF	0.30%	0.50%	0.68%	0.87%	1.36%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTF and SOXQ in my portfolio?

PTF and SOXQ have a correlation of 0.87, 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 SOXQ?

PTF has higher volatility (27.09%) compared to SOXQ (17.65%). In terms of maximum drawdown, PTF dropped -55.38% vs SOXQ's -46.01%.

Which ETF is better, PTF or SOXQ?

On 5-year performance, SOXQ leads with 29.96% vs 16.16% for PTF. On fees, SOXQ is cheaper at 0.19% per year. On volatility, SOXQ has been the lower-risk option at 17.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTF or SOXQ?

Over the 5-year period, SOXQ has performed better with a 29.96% return vs 16.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTF or SOXQ?

SOXQ is cheaper with a 0.19% expense ratio, compared with 0.60% for PTF.

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

SOXQ has the higher dividend yield at 0.30%, compared with 0.01% for PTF.

What is the main difference between PTF and SOXQ?

PTF is categorized as Momentum, while SOXQ is Semiconductors. PTF tracks Dorsey Wright Technology Technical Leaders Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.60% for PTF and 0.19% for SOXQ.

Which has better risk-adjusted returns?

SOXQ currently has the higher Sharpe Ratio (2.70 vs 1.06), 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.