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PTF vs. XLK
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PTF vs. XLK

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Technology Momentum ETF (PTF) and State Street Technology Select Sector SPDR ETF (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 S&P Technology Select Sector Daily Capped 35/20 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.

Performance

PTF vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

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PTF vs. XLK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PTF
Invesco DWA Technology Momentum ETF		12.86%5.68%43.65%33.73%-31.75%18.10%82.06%46.71%0.01%32.07%
XLK
State Street Technology Select Sector SPDR ETF		-7.57%24.61%21.63%56.02%-27.73%34.74%43.62%49.86%-1.68%34.26%

Returns By Period

In the year-to-date period, PTF achieves a 12.86% return, which is significantly higher than XLK's -7.57% return. Both investments have delivered pretty close results over the past 10 years, with PTF having a 21.44% annualized return and XLK not far behind at 20.82%.

PTF

1D
5.98%
1M
-6.21%
YTD
12.86%
6M
15.38%
1Y
46.43%
3Y*
25.72%
5Y*
12.13%
10Y*
21.44%

XLK

1D
4.24%
1M
-4.10%
YTD
-7.57%
6M
-5.44%
1Y
29.46%
3Y*
21.58%
5Y*
15.31%
10Y*
20.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco DWA Technology Momentum ETF

State Street Technology Select Sector SPDR ETF

Often compared with PTF:
PTF vs. QQQPTF vs. SPYPTF vs. SMHPTF vs. VOOPTF vs. ARKKPTF vs. VUGPTF vs. USSPX
Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. IYWXLK vs. XLE

PTF vs. XLK - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than XLK's 0.08% expense ratio.

PTF
Invesco DWA Technology Momentum ETF
XLK
State Street Technology Select Sector SPDR ETF

Return for Risk

PTF vs. XLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTF
PTF Risk / Return Rank: 7575
Overall Rank
PTF Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
PTF Sortino Ratio Rank: 7070
Sortino Ratio Rank
PTF Omega Ratio Rank: 6666
Omega Ratio Rank
PTF Calmar Ratio Rank: 8585
Calmar Ratio Rank
PTF Martin Ratio Rank: 8383
Martin Ratio Rank
XLK
XLK Risk / Return Rank: 6969
Overall Rank
XLK Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 6969
Sortino Ratio Rank
XLK Omega Ratio Rank: 6767
Omega Ratio Rank
XLK Calmar Ratio Rank: 7575
Calmar Ratio Rank
XLK Martin Ratio Rank: 6565
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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and State Street Technology Select Sector SPDR ETF (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.

PTFXLKDifference

Sharpe ratio

Return per unit of total volatility

1.20

1.10

+0.10

Sortino ratio

Return per unit of downside risk

1.70

1.66

+0.04

Omega ratio

Gain probability vs. loss probability

1.23

1.23

0.00

Calmar ratio

Return relative to maximum drawdown

2.50

1.85

+0.64

Martin ratio

Return relative to average drawdown

9.12

5.98

+3.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTF vs. XLK - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 1.20, which is comparable to the XLK Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of PTF and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PTFXLKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

1.10

+0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.62

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.86

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.36

+0.09

Correlation

The correlation between PTF and XLK is 0.80, 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.

Dividends

PTF vs. XLK - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than XLK's 0.57% yield.

TTM20252024202320222021202020192018201720162015
PTF
Invesco DWA 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%
XLK
State Street Technology Select Sector SPDR ETF		0.57%0.54%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%

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.

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Drawdown Indicators

PTFXLKDifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-82.05%

+26.67%

Max Drawdown (1Y)

Largest decline over 1 year

-17.99%

-15.92%

-2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-44.88%

-33.56%

-11.32%

Max Drawdown (10Y)

Largest decline over 10 years

-44.88%

-33.56%

-11.32%

Current Drawdown

Current decline from peak

-9.77%

-12.36%

+2.59%

Average Drawdown

Average peak-to-trough decline

-13.38%

-35.17%

+21.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

4.93%

-0.01%

Volatility

PTF vs. XLK - Volatility Comparison

Invesco DWA Technology Momentum ETF (PTF) has a higher volatility of 16.55% compared to State Street Technology Select Sector SPDR ETF (XLK) at 8.06%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTFXLKDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.55%

8.06%

+8.49%

Volatility (6M)

Calculated over the trailing 6-month period

32.43%

16.43%

+16.00%

Volatility (1Y)

Calculated over the trailing 1-year period

38.88%

27.02%

+11.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.79%

24.72%

+10.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.56%

24.33%

+8.23%