PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PTF vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTF vs. SOXX

Last updated Jun 26, 2026

PTF (Invesco Dorsey Wright Technology Momentum ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, PTF returned 27.36%/yr vs 37.13%/yr for SOXX. A 0.80 correlation means they provide meaningful diversification when combined. PTF charges 0.60%/yr vs 0.34%/yr for SOXX.

Performance

PTF vs. SOXX - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, PTF achieves a 72.89% return, which is significantly lower than SOXX's 107.83% return. Over the past 10 years, PTF has underperformed SOXX with an annualized return of 27.36%, while SOXX has yielded a comparatively higher 37.13% annualized return.

PTF

1D
4.41%
1M
1.65%
YTD
72.89%
6M
67.11%
1Y
97.39%
3Y*
42.66%
5Y*
21.85%
10Y*
27.36%

SOXX

1D
3.94%
1M
9.72%
YTD
107.83%
6M
104.44%
1Y
164.79%
3Y*
57.87%
5Y*
34.72%
10Y*
37.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTF vs. SOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PTF
Invesco Dorsey Wright Technology Momentum ETF		72.89%5.68%43.65%33.73%-31.75%18.10%82.06%46.71%0.01%32.07%
SOXX
iShares Semiconductor ETF		107.83%40.74%12.92%67.12%-35.09%44.09%52.72%62.42%-6.49%39.79%

Correlation

The correlation between PTF and SOXX is 0.81, 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

0.81

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

0.81

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

0.85

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2006

0.80

The correlation between PTF and SOXX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

PTF vs. SOXX - Sectors Allocation Comparison

Sectors
PTF
SOXX

Technology

93.8%
100.0%

Communication Services

4.7%

-

Industrials

1.8%

-

Energy

1.6%

-

Financial Services

1.5%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

PTF
93.8%
SOXX
100.0%

Communication Services

PTF
4.7%
SOXX

-

Industrials

PTF
1.8%
SOXX

-

Energy

PTF
1.6%
SOXX

-

Financial Services

PTF
1.5%
SOXX

-

Basic Materials

PTF

-

SOXX

-

Consumer Cyclical

PTF

-

SOXX

-

Consumer Defensive

PTF

-

SOXX

-

Healthcare

PTF

-

SOXX

-

Real Estate

PTF

-

SOXX

-

Utilities

PTF

-

SOXX

-

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

iShares Semiconductor ETF

Often compared with PTF:
PTF vs. QQQPTF vs. SMHPTF vs. XLKPTF vs. SPYPTF vs. VOOPTF vs. VUGPTF vs. SPMO
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

PTF vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTF
PTF Risk / Return Rank: 8282
Overall Rank
PTF Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
PTF Sortino Ratio Rank: 6868
Sortino Ratio Rank
PTF Omega Ratio Rank: 7272
Omega Ratio Rank
PTF Calmar Ratio Rank: 9292
Calmar Ratio Rank
PTF Martin Ratio Rank: 9393
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9696
Overall Rank
SOXX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 9494
Sortino Ratio Rank
SOXX Omega Ratio Rank: 9494
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9898
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9797
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. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) and iShares Semiconductor ETF (SOXX). 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.

PTFSOXXDifference
Sharpe ratioReturn per unit of total volatility
2.35
4.20

-1.85

Sortino ratioReturn per unit of downside risk
2.69
4.10

-1.41

Omega ratioGain probability vs. loss probability

1.37

1.59

-0.22

Calmar ratioReturn relative to maximum drawdown

5.44

10.52

-5.07

Martin ratioReturn relative to average drawdown

20.48

37.47

-16.99

PTF vs. SOXX - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.35, which is lower than the SOXX Sharpe Ratio of 4.20. The chart below compares the historical Sharpe Ratios of PTF and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

PTF vs. SOXX - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for PTF and SOXX.

Loading charts...

Drawdown Indicators

PTFSOXXDifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-70.21%

+14.83%

Max Drawdown (1Y)

Largest decline over 1 year

-17.99%

-15.77%

-2.22%

Max Drawdown (3Y)

Largest decline over 3 years

-36.11%

-41.36%

+5.25%

Max Drawdown (5Y)

Largest decline over 5 years

-44.88%

-45.75%

+0.87%

Max Drawdown (10Y)

Largest decline over 10 years

-44.88%

-45.75%

+0.87%

Current Drawdown

Current decline from peak

-4.42%

-4.55%

+0.13%

Average Drawdown

Average peak-to-trough decline

-13.25%

-19.93%

+6.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.77%

4.42%

+0.35%

Volatility

PTF vs. SOXX - Volatility Comparison

The current volatility for Invesco Dorsey Wright Technology Momentum ETF (PTF) is 17.54%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.27%. This indicates that PTF experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PTFSOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.54%

22.27%

-4.73%

Volatility (6M)

Calculated over the trailing 6-month period

32.12%

33.54%

-1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

41.61%

39.44%

+2.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.65%

37.24%

-1.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.31%

34.00%

-0.69%

PTF vs. SOXX - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

PTF vs. SOXX - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than SOXX's 0.23% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
SOXX
iShares Semiconductor ETF		0.23%0.57%0.67%0.78%1.26%0.64%0.81%1.23%1.37%0.90%1.08%1.29%

Frequently Asked Questions

PTF and SOXX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (22.27%) compared to PTF (17.54%). In terms of maximum drawdown, PTF dropped -55.38% vs SOXX's -70.21%.

On 10-year performance, SOXX leads with 37.13% vs 27.36% for PTF. On fees, SOXX is cheaper at 0.34% per year. On volatility, PTF has been the lower-risk option at 17.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SOXX has performed better with a 37.13% return vs 27.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXX is cheaper with a 0.34% expense ratio, compared with 0.60% for PTF.

SOXX has the higher dividend yield at 0.23%, compared with 0.01% for PTF.

PTF is categorized as Momentum, while SOXX is Semiconductors. PTF tracks Dorsey Wright Technology Technical Leaders Index, while SOXX tracks NYSE Semiconductor Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.60% for PTF and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (4.20 vs 2.35), 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.

Portfolio Optimizer

Find the right allocation for PTF and SOXX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer