PTF vs. XLK
Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and Technology Select Sector SPDR Fund (XLK).
PTF and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both PTF and XLK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTF or XLK.
Correlation
The correlation between PTF and XLK 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. XLK - Performance Comparison
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Key characteristics
PTF:
0.24
XLK:
0.23
PTF:
0.60
XLK:
0.54
PTF:
1.08
XLK:
1.07
PTF:
0.26
XLK:
0.28
PTF:
0.69
XLK:
0.89
PTF:
13.66%
XLK:
8.16%
PTF:
39.44%
XLK:
30.04%
PTF:
-55.38%
XLK:
-82.05%
PTF:
-23.22%
XLK:
-9.99%
Returns By Period
In the year-to-date period, PTF achieves a -14.85% return, which is significantly lower than XLK's -6.25% return. Over the past 10 years, PTF has underperformed XLK with an annualized return of 16.09%, while XLK has yielded a comparatively higher 18.99% annualized return.
PTF
-14.85%
11.34%
-16.94%
7.95%
16.97%
16.09%
XLK
-6.25%
9.71%
-7.94%
6.60%
19.50%
18.99%
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PTF vs. XLK - Expense Ratio Comparison
PTF has a 0.60% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
PTF vs. XLK — Risk-Adjusted Performance Rank
PTF
XLK
PTF vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and Technology Select Sector SPDR Fund (XLK). 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.
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Dividends
PTF vs. XLK - Dividend Comparison
PTF's dividend yield for the trailing twelve months is around 0.24%, less than XLK's 0.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTF Invesco DWA Technology Momentum ETF | 0.24% | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% | 0.00% | 0.68% |
XLK Technology Select Sector SPDR Fund | 0.72% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
PTF vs. XLK - Drawdown Comparison
The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for PTF and XLK. For additional features, visit the drawdowns tool.
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Volatility
PTF vs. XLK - Volatility Comparison
The current volatility for Invesco DWA Technology Momentum ETF (PTF) is 8.59%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 9.34%. This indicates that PTF experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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