QOWZ vs. PTF
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Invesco DWA Technology Momentum ETF (PTF).
QOWZ and PTF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QOWZ is a passively managed fund by Invesco that tracks the performance of the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. It was launched on Dec 4, 2023. 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. Both QOWZ and PTF 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: QOWZ or PTF.
Correlation
The correlation between QOWZ and PTF is 0.82, 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
QOWZ vs. PTF - Performance Comparison
Key characteristics
QOWZ:
1.46
PTF:
0.89
QOWZ:
2.03
PTF:
1.39
QOWZ:
1.26
PTF:
1.17
QOWZ:
3.02
PTF:
1.66
QOWZ:
9.46
PTF:
4.81
QOWZ:
2.74%
PTF:
6.45%
QOWZ:
17.79%
PTF:
34.76%
QOWZ:
-8.60%
PTF:
-55.38%
QOWZ:
-1.87%
PTF:
-10.03%
Returns By Period
In the year-to-date period, QOWZ achieves a 3.37% return, which is significantly higher than PTF's -0.22% return.
QOWZ
3.37%
3.82%
13.83%
28.34%
N/A
N/A
PTF
-0.22%
10.67%
23.32%
35.53%
20.20%
18.60%
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QOWZ vs. PTF - Expense Ratio Comparison
QOWZ has a 0.39% expense ratio, which is lower than PTF's 0.60% expense ratio.
Risk-Adjusted Performance
QOWZ vs. PTF — Risk-Adjusted Performance Rank
QOWZ
PTF
QOWZ vs. PTF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Invesco DWA Technology Momentum ETF (PTF). 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.
Dividends
QOWZ vs. PTF - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.64%, while PTF has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.64% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTF Invesco DWA Technology Momentum ETF | 0.00% | 0.00% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.04% | 0.26% | 0.00% | 0.68% |
Drawdowns
QOWZ vs. PTF - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -8.60%, smaller than the maximum PTF drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for QOWZ and PTF. For additional features, visit the drawdowns tool.
Volatility
QOWZ vs. PTF - Volatility Comparison
The current volatility for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is 5.32%, while Invesco DWA Technology Momentum ETF (PTF) has a volatility of 11.73%. This indicates that QOWZ experiences smaller price fluctuations and is considered to be less risky than PTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.