PTF vs. VGUS
PTF (Invesco Dorsey Wright Technology Momentum ETF) and VGUS (Vanguard Ultra-Short Treasury ETF) are both exchange-traded funds - PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index, while VGUS is a Ultrashort Bond fund tracking the Bloomberg Short Treasury Index. Both are passively managed. Over the past year, PTF returned 53.98% vs 3.78% for VGUS. Their -0.17 correlation means they have often moved in opposite directions in the past. PTF charges 0.60%/yr vs 0.07%/yr for VGUS.
Performance
PTF vs. VGUS - Performance Comparison
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Returns By Period
In the year-to-date period, PTF achieves a 41.44% return, which is significantly higher than VGUS's 2.05% 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%
VGUS
- 1D
- 0.01%
- 1M
- 0.31%
- 6M
- 1.74%
- YTD
- 2.05%
- 1Y
- 3.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.15M | $20.80M | $16.47M | |
| $6.83M | $7.89M | $10.60M |
PTF vs. VGUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PTF Invesco Dorsey Wright Technology Momentum ETF | 41.44% | 3.68% |
VGUS Vanguard Ultra-Short Treasury ETF | 2.05% | 3.78% |
Correlation
The correlation between PTF and VGUS is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | -0.17 |
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Return for Risk
PTF vs. VGUS — Risk / Return Rank
PTF
VGUS
PTF vs. VGUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) and Vanguard Ultra-Short Treasury ETF (VGUS). 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 | VGUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.03 | ||
| Sortino ratioReturn per unit of downside risk | -35.18 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 11.37 | -10.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 52.18 | -50.77 |
| Martin ratioReturn relative to average drawdown | 6.17 | 414.28 | -408.11 |
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Drawdowns
PTF vs. VGUS - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, which is greater than VGUS's maximum drawdown of -0.07%. Use the drawdown chart below to compare losses from any high point for PTF and VGUS.
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Drawdown Indicators
| PTF | VGUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.38% | -0.07% | -55.31% |
Max Drawdown (1Y)Largest decline over 1 year | -38.59% | -0.07% | -38.52% |
Max Drawdown (3Y)Largest decline over 3 years | -38.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.88% | — | — |
Current DrawdownCurrent decline from peak | -21.81% | 0.00% | -21.81% |
Average DrawdownAverage peak-to-trough decline | -13.29% | 0.00% | -13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 0.01% | +8.80% |
Volatility
PTF vs. VGUS - Volatility Comparison
Invesco Dorsey Wright Technology Momentum ETF (PTF) has a higher volatility of 27.09% compared to Vanguard Ultra-Short Treasury ETF (VGUS) at 0.05%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than VGUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTF | VGUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.09% | 0.05% | +27.04% |
Volatility (6M)Calculated over the trailing 6-month period | 43.61% | 0.18% | +43.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.31% | 0.29% | +51.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.11% | 0.33% | +37.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.66% | 0.33% | +34.33% |
PTF vs. VGUS - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is higher than VGUS's 0.07% expense ratio.
Dividends
PTF vs. VGUS - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.01%, less than VGUS's 3.60% 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% |
VGUS Vanguard Ultra-Short Treasury ETF | 3.60% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTF and VGUS have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTF has higher volatility (27.09%) compared to VGUS (0.05%). In terms of maximum drawdown, PTF dropped -55.38% vs VGUS's -0.07%.
On 1-year performance, PTF leads with 53.98% vs 3.78% for VGUS. On fees, VGUS is cheaper at 0.07% per year. On volatility, VGUS has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PTF has performed better with a 53.98% return vs 3.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGUS is cheaper with a 0.07% expense ratio, compared with 0.60% for PTF.
VGUS has the higher dividend yield at 3.60%, compared with 0.01% for PTF.
PTF is categorized as Momentum, while VGUS is Ultrashort Bond. PTF tracks Dorsey Wright Technology Technical Leaders Index, while VGUS tracks Bloomberg Short Treasury Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.60% for PTF and 0.07% for VGUS.
VGUS currently has the higher Sharpe Ratio (13.08 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.
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