PTH vs. DVLU
PTH (Invesco DWA Healthcare Momentum ETF) and DVLU (First Trust Dorsey Wright Momentum & Value ETF) are both Momentum funds - PTH tracks the Dorsey Wright Healthcare Technical Leaders Index while DVLU tracks the Dorsey Wright Momentum Plus Value Index. Both are passively managed. Over the past 5 years, PTH returned 1.68%/yr vs 13.24%/yr for DVLU. Their 0.48 correlation means their historical movements had little consistent relationship. Both charge a 0.60% expense ratio.
Performance
PTH vs. DVLU - Performance Comparison
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Returns By Period
In the year-to-date period, PTH achieves a 20.92% return, which is significantly higher than DVLU's 18.19% return.
PTH
- 1D
- 0.82%
- 1M
- -1.26%
- 6M
- 24.48%
- YTD
- 20.92%
- 1Y
- 63.78%
- 3Y*
- 18.86%
- 5Y*
- 1.68%
- 10Y*
- 14.31%
- ALL TIME*
- 10.78%
DVLU
- 1D
- -0.25%
- 1M
- 5.70%
- 6M
- 15.43%
- YTD
- 18.19%
- 1Y
- 41.47%
- 3Y*
- 21.32%
- 5Y*
- 13.24%
- 10Y*
- —
- ALL TIME*
- 11.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $181.36K | $178.64K | $209.48K | |
| $2.85M | $5.26M | $2.68M |
PTH vs. DVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 20.92% | 27.91% | 2.36% | -4.54% | -20.61% | -3.20% | 67.26% | 34.45% | -25.84% |
DVLU First Trust Dorsey Wright Momentum & Value ETF | 18.19% | 23.67% | 13.36% | 18.84% | -9.73% | 41.67% | -6.68% | 33.59% | -24.03% |
Correlation
The correlation between PTH and DVLU is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.48 |
The correlation between PTH and DVLU shifts across timeframes, from 0.41 (1 year) to 0.56 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTH vs. DVLU — Risk / Return Rank
PTH
DVLU
PTH vs. DVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). 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.
| PTH | DVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 3.40 | +1.95 |
| Martin ratioReturn relative to average drawdown | 13.20 | 12.41 | +0.80 |
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Drawdowns
PTH vs. DVLU - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, roughly equal to the maximum DVLU drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for PTH and DVLU.
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Drawdown Indicators
| PTH | DVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.52% | -53.26% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -12.24% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.51% | -24.86% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -24.86% | -25.21% |
Max Drawdown (10Y)Largest decline over 10 years | -53.52% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -0.25% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -16.91% | -8.60% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 3.35% | +1.50% |
Volatility
PTH vs. DVLU - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 8.99% compared to First Trust Dorsey Wright Momentum & Value ETF (DVLU) at 4.53%. This indicates that PTH's price experiences larger fluctuations and is considered to be riskier than DVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTH | DVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 4.53% | +4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.13% | 12.05% | +8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.91% | 16.48% | +8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 21.13% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.41% | 25.59% | +1.82% |
PTH vs. DVLU - Expense Ratio Comparison
Both PTH and DVLU have an expense ratio of 0.60%.
Dividends
PTH vs. DVLU - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 2.54%, more than DVLU's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 0.64% | 0.73% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% |
PTH Invesco DWA Healthcare Momentum ETF | 2.54% | 3.07% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTH and DVLU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTH has higher volatility (8.99%) compared to DVLU (4.53%). In terms of maximum drawdown, PTH dropped -53.52% vs DVLU's -53.26%.
On 5-year performance, DVLU leads with 13.24% vs 1.68% for PTH. Both ETFs have the same 0.60% expense ratio. On volatility, DVLU has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DVLU has performed better with a 13.24% return vs 1.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PTH and DVLU have the same expense ratio: 0.60% per year.
PTH has the higher dividend yield at 2.54%, compared with 0.64% for DVLU.
PTH tracks Dorsey Wright Healthcare Technical Leaders Index, while DVLU tracks Dorsey Wright Momentum Plus Value Index. They also come from different issuers: Invesco and First Trust.
PTH currently has the higher Sharpe Ratio (2.58 vs 2.53), 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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