PTF vs. USSPX
Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and USAA 500 Index Fund (USSPX).
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. USSPX is managed by Victory Capital. It was launched on May 1, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTF or USSPX.
Key characteristics
| PTF | USSPX | |
|---|---|---|
| YTD Return | 21.40% | 18.71% |
| 1Y Return | 30.85% | 26.52% |
| 3Y Return (Ann) | 5.30% | 9.22% |
| 5Y Return (Ann) | 21.38% | 15.23% |
| 10Y Return (Ann) | 18.24% | 12.80% |
| Sharpe Ratio | 1.01 | 2.14 |
| Daily Std Dev | 31.63% | 12.88% |
| Max Drawdown | -55.38% | -55.39% |
| Current Drawdown | -6.62% | -0.62% |
Correlation
The correlation between PTF and USSPX is 0.76, 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. USSPX - Performance Comparison
In the year-to-date period, PTF achieves a 21.40% return, which is significantly higher than USSPX's 18.71% return. Over the past 10 years, PTF has outperformed USSPX with an annualized return of 18.24%, while USSPX has yielded a comparatively lower 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PTF vs. USSPX - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is higher than USSPX's 0.24% expense ratio.
Risk-Adjusted Performance
PTF vs. USSPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and USAA 500 Index Fund (USSPX). 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. USSPX - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.03%, less than USSPX's 1.81% 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% |
USSPX USAA 500 Index Fund | 1.81% | 2.07% | 2.81% | 4.98% | 3.38% | 4.98% | 3.03% | 1.34% | 2.34% | 1.89% | 1.64% | 1.56% |
Drawdowns
PTF vs. USSPX - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, roughly equal to the maximum USSPX drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for PTF and USSPX. For additional features, visit the drawdowns tool.
Volatility
PTF vs. USSPX - Volatility Comparison
Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 13.35% compared to USAA 500 Index Fund (USSPX) at 4.30%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than USSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.