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PTF vs. XSVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTF vs. XSVM

Last updated Jul 17, 2026
Documentation

PTF (Invesco Dorsey Wright Technology Momentum ETF) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both Momentum funds from Invesco - PTF tracks the Dorsey Wright Technology Technical Leaders Index while XSVM tracks the S&P SmallCap 600 High Momentum Value Index. Both are passively managed. Over the past 10 years, PTF returned 22.75%/yr vs 13.24%/yr for XSVM. A 0.61 correlation means they provide meaningful diversification when combined. PTF charges 0.60%/yr vs 0.37%/yr for XSVM.

Performance

PTF vs. XSVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Technology Momentum ETF (PTF) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PTF achieves a 32.21% return, which is significantly higher than XSVM's 27.27% return. Over the past 10 years, PTF has outperformed XSVM with an annualized return of 22.75%, while XSVM has yielded a comparatively lower 13.24% annualized return.

PTF

1D
-7.07%
1M
-22.99%
6M
20.99%
YTD
32.21%
1Y
48.40%
3Y*
25.40%
5Y*
16.41%
10Y*
22.75%

XSVM

1D
1.93%
1M
5.70%
6M
19.21%
YTD
27.27%
1Y
38.30%
3Y*
16.67%
5Y*
10.61%
10Y*
13.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTF vs. XSVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PTF
Invesco Dorsey Wright Technology Momentum ETF		32.21%5.68%43.65%33.73%-31.75%18.10%82.06%46.71%0.01%32.07%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		27.27%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%

Correlation

The correlation between PTF and XSVM is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

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

0.47

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

0.55

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

0.46

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

0.61

Over the past year, the correlation between PTF and XSVM has dropped to 0.37 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

PTF vs. XSVM - Sectors Allocation Comparison

Sectors
PTF
XSVM

Technology

93.8%
2.9%

Communication Services

4.7%
1.9%

Industrials

1.8%
4.7%

Energy

1.6%
5.7%

Financial Services

1.5%
42.7%

Basic Materials

-

4.2%

Consumer Cyclical

-

15.6%

Consumer Defensive

-

1.8%

Healthcare

-

1.7%

Real Estate

-

7.7%

Utilities

-

2.1%

Technology

PTF
93.8%
XSVM
2.9%

Communication Services

PTF
4.7%
XSVM
1.9%

Industrials

PTF
1.8%
XSVM
4.7%

Energy

PTF
1.6%
XSVM
5.7%

Financial Services

PTF
1.5%
XSVM
42.7%

Basic Materials

PTF

-

XSVM
4.2%

Consumer Cyclical

PTF

-

XSVM
15.6%

Consumer Defensive

PTF

-

XSVM
1.8%

Healthcare

PTF

-

XSVM
1.7%

Real Estate

PTF

-

XSVM
7.7%

Utilities

PTF

-

XSVM
2.1%

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

Invesco S&P SmallCap Value with Momentum ETF

Often compared with PTF:
PTF vs. QQQPTF vs. SMHPTF vs. XLKPTF vs. SPYPTF vs. VOOPTF vs. SOXXPTF vs. SPMO
Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX

Return for Risk

PTF vs. XSVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTF
PTF Risk / Return Rank: 4141
Overall Rank
PTF Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
PTF Sortino Ratio Rank: 3333
Sortino Ratio Rank
PTF Omega Ratio Rank: 3636
Omega Ratio Rank
PTF Calmar Ratio Rank: 4343
Calmar Ratio Rank
PTF Martin Ratio Rank: 5656
Martin Ratio Rank
XSVM
XSVM Risk / Return Rank: 8383
Overall Rank
XSVM Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 8585
Sortino Ratio Rank
XSVM Omega Ratio Rank: 8080
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8686
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7979
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. XSVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Technology Momentum ETF (PTF) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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.

PTFXSVMDifference
Sharpe ratioReturn per unit of total volatility
1.05
2.13

-1.07

Sortino ratioReturn per unit of downside risk
1.50
3.08

-1.58

Omega ratioGain probability vs. loss probability

1.20

1.38

-0.17

Calmar ratioReturn relative to maximum drawdown

1.81

3.82

-2.01

Martin ratioReturn relative to average drawdown

7.80

11.85

-4.04

PTF vs. XSVM - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 1.05, which is lower than the XSVM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of PTF and XSVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PTF vs. XSVM - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PTF and XSVM.

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Drawdown Indicators

PTFXSVMDifference

Max Drawdown

Largest peak-to-trough decline

-55.38%

-62.57%

+7.19%

Max Drawdown (1Y)

Largest decline over 1 year

-26.92%

-10.08%

-16.84%

Max Drawdown (3Y)

Largest decline over 3 years

-36.11%

-26.21%

-9.90%

Max Drawdown (5Y)

Largest decline over 5 years

-44.88%

-26.21%

-18.67%

Max Drawdown (10Y)

Largest decline over 10 years

-44.88%

-49.02%

+4.14%

Current Drawdown

Current decline from peak

-26.92%

0.00%

-26.92%

Average Drawdown

Average peak-to-trough decline

-13.25%

-11.51%

-1.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.22%

3.24%

+2.98%

Volatility

PTF vs. XSVM - Volatility Comparison

Invesco Dorsey Wright Technology Momentum ETF (PTF) has a higher volatility of 22.68% compared to Invesco S&P SmallCap Value with Momentum ETF (XSVM) at 4.48%. This indicates that PTF's price experiences larger fluctuations and is considered to be riskier than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTFXSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.68%

4.48%

+18.20%

Volatility (6M)

Calculated over the trailing 6-month period

38.08%

12.40%

+25.68%

Volatility (1Y)

Calculated over the trailing 1-year period

46.15%

18.09%

+28.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.76%

22.45%

+14.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.89%

25.00%

+8.89%

PTF vs. XSVM - Expense Ratio Comparison

PTF has a 0.60% expense ratio, which is higher than XSVM's 0.37% expense ratio.

Dividends

PTF vs. XSVM - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, less than XSVM's 1.73% 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%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.73%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

PTF and XSVM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PTF has higher volatility (22.68%) compared to XSVM (4.48%). In terms of maximum drawdown, PTF dropped -55.38% vs XSVM's -62.57%.

On 10-year performance, PTF leads with 22.75% vs 13.24% for XSVM. On fees, XSVM is cheaper at 0.37% per year. On volatility, XSVM has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PTF has performed better with a 22.75% return vs 13.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.60% for PTF.

XSVM has the higher dividend yield at 1.73%, compared with 0.01% for PTF.

PTF tracks Dorsey Wright Technology Technical Leaders Index, while XSVM tracks S&P SmallCap 600 High Momentum Value Index. Their fees differ too: 0.60% for PTF and 0.37% for XSVM.

XSVM currently has the higher Sharpe Ratio (2.13 vs 1.05), 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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