PTH vs. LYFIX

Last updated Jun 3, 2026

PTH (Invesco DWA Healthcare Momentum ETF) and LYFIX (AlphaCentric LifeSci Healthcare Fund) are both funds - PTH is a Momentum fund tracking the Dorsey Wright Healthcare Technical Leaders Index, while LYFIX is a Health & Biotech Equities fund managed by AlphaCentric Funds. Over the past 5 years, PTH returned -0.73%/yr vs 5.76%/yr for LYFIX. A 0.75 correlation means they provide meaningful diversification when combined. PTH charges 0.60%/yr vs 1.40%/yr for LYFIX.

Performance

PTH vs. LYFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Healthcare Momentum ETF (PTH) and AlphaCentric LifeSci Healthcare Fund (LYFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTH achieves a -2.72% return, which is significantly lower than LYFIX's 2.58% return.

PTH

• 1D: -4.92%
• 1M: -4.14%
• YTD: -2.72%
• 6M: -4.87%
• 1Y: 34.14%
• 3Y*: 7.72%
• 5Y*: -0.73%
• 10Y*: 12.60%

LYFIX

• 1D: -1.87%
• 1M: 3.29%
• YTD: 2.58%
• 6M: 4.59%
• 1Y: 37.64%
• 3Y*: 8.02%
• 5Y*: 5.76%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTH vs. LYFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PTH Invesco DWA Healthcare Momentum ETF	-2.72%	27.91%	2.36%	-4.54%	-20.61%	-3.20%	67.26%	6.22%
LYFIX AlphaCentric LifeSci Healthcare Fund	2.58%	28.22%	-0.27%	7.19%	-0.92%	-3.42%	54.83%	1.20%

Correlation

The correlation between PTH and LYFIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019	0.75

The correlation between PTH and LYFIX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

PTH vs. LYFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTH

PTH Risk / Return Rank: 46
PTH Sharpe Ratio Rank: 41
PTH Sortino Ratio Rank: 42
PTH Omega Ratio Rank: 39
PTH Calmar Ratio Rank: 59
PTH Martin Ratio Rank: 46

LYFIX

LYFIX Risk / Return Rank: 65
LYFIX Sharpe Ratio Rank: 53
LYFIX Sortino Ratio Rank: 52
LYFIX Omega Ratio Rank: 44
LYFIX Calmar Ratio Rank: 89
LYFIX Martin Ratio Rank: 86

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.

PTH vs. LYFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) and AlphaCentric LifeSci Healthcare Fund (LYFIX). 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.

	PTH	LYFIX	Difference
Sharpe ratio Return per unit of total volatility	1.47	2.15	-0.67
Sortino ratio Return per unit of downside risk	2.17	3.02	-0.85
Omega ratio Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio Return relative to maximum drawdown	3.00	4.51	-1.52
Martin ratio Return relative to average drawdown	7.75	16.66	-8.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTH vs. LYFIX - Sharpe Ratio Comparison

The current PTH Sharpe Ratio is 1.47, which is lower than the LYFIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of PTH and LYFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTH	LYFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.15	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.25	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.52	-0.13

Drawdowns

PTH vs. LYFIX - Drawdown Comparison

The maximum PTH drawdown since its inception was -53.52%, which is greater than LYFIX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for PTH and LYFIX.

Drawdown Indicators

	PTH	LYFIX	Difference
Max Drawdown Largest peak-to-trough decline	-53.52%	-35.33%	-18.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.98%	-8.49%	-3.49%
Max Drawdown (3Y) Largest decline over 3 years	-28.70%	-24.22%	-4.48%
Max Drawdown (5Y) Largest decline over 5 years	-50.07%	-32.45%	-17.62%
Max Drawdown (10Y) Largest decline over 10 years	-53.52%	—	—
Current Drawdown Current decline from peak	-20.62%	-1.92%	-18.70%
Average Drawdown Average peak-to-trough decline	-17.00%	-9.87%	-7.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.63%	2.30%	+2.33%

Volatility

PTH vs. LYFIX - Volatility Comparison

Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 8.99% compared to AlphaCentric LifeSci Healthcare Fund (LYFIX) at 5.84%. This indicates that PTH's price experiences larger fluctuations and is considered to be riskier than LYFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTH	LYFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.99%	5.84%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	17.85%	14.23%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	23.29%	17.80%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.48%	22.83%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.24%	23.38%	+3.86%

PTH vs. LYFIX - Expense Ratio Comparison

PTH has a 0.60% expense ratio, which is lower than LYFIX's 1.40% expense ratio.

Dividends

PTH vs. LYFIX - Dividend Comparison

PTH's dividend yield for the trailing twelve months is around 3.16%, more than LYFIX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
LYFIX AlphaCentric LifeSci Healthcare Fund	1.74%	1.78%	2.24%	2.63%	4.43%	12.88%	2.30%
PTH Invesco DWA Healthcare Momentum ETF	3.16%	3.07%	0.06%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTH and LYFIX in my portfolio?

PTH and LYFIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTH or LYFIX?

PTH has higher volatility (8.99%) compared to LYFIX (5.84%). In terms of maximum drawdown, PTH dropped -53.52% vs LYFIX's -35.33%.

Which has better risk-adjusted returns?

LYFIX currently has the higher Sharpe Ratio (2.15 vs 1.47), 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.