QQQA vs. PTF

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Invesco DWA Technology Momentum ETF (PTF).

QQQA and PTF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQA is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross. It was launched on May 18, 2021. 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 QQQA 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.

Performance

QQQA vs. PTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and Invesco DWA Technology Momentum ETF (PTF). The values are adjusted to include any dividend payments, if applicable.

QQQA vs. PTF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	4.84%	9.87%	16.17%	24.98%	-29.08%	8.43%
PTF Invesco DWA Technology Momentum ETF	16.91%	5.68%	43.65%	33.73%	-31.75%	25.89%

Returns By Period

In the year-to-date period, QQQA achieves a 4.84% return, which is significantly lower than PTF's 16.91% return.

QQQA

• 1D: 3.37%
• 1M: -1.32%
• YTD: 4.84%
• 6M: 11.22%
• 1Y: 26.57%
• 3Y*: 17.66%
• 5Y*: —
• 10Y*: —

PTF

• 1D: 3.59%
• 1M: -5.99%
• YTD: 16.91%
• 6M: 18.08%
• 1Y: 50.40%
• 3Y*: 27.21%
• 5Y*: 12.92%
• 10Y*: 21.87%

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

QQQA vs. PTF - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is lower than PTF's 0.60% expense ratio.

PTF

Invesco DWA Technology Momentum ETF

QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

Return for Risk

QQQA vs. PTF — Risk / Return Rank

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

QQQA

QQQA Risk / Return Rank: 58
QQQA Sharpe Ratio Rank: 49
QQQA Sortino Ratio Rank: 51
QQQA Omega Ratio Rank: 52
QQQA Calmar Ratio Rank: 72
QQQA Martin Ratio Rank: 64

PTF

PTF Risk / Return Rank: 76
PTF Sharpe Ratio Rank: 71
PTF Sortino Ratio Rank: 69
PTF Omega Ratio Rank: 65
PTF Calmar Ratio Rank: 87
PTF Martin Ratio Rank: 85

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.

QQQA vs. PTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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.

	QQQA	PTF	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.30	-0.38
Sortino ratio Return per unit of downside risk	1.41	1.81	-0.39
Omega ratio Gain probability vs. loss probability	1.20	1.25	-0.04
Calmar ratio Return relative to maximum drawdown	1.94	2.87	-0.93
Martin ratio Return relative to average drawdown	6.70	10.46	-3.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQA vs. PTF - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 0.92, which is comparable to the PTF Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of QQQA and PTF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQA	PTF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.30	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.46	-0.25

Correlation

The correlation between QQQA and PTF is 0.85, 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

QQQA vs. PTF - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.10%, more than PTF's 0.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.10%	0.10%	0.09%	0.34%	0.28%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Drawdowns

QQQA vs. PTF - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, smaller than the maximum PTF drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for QQQA and PTF.

Drawdown Indicators

	QQQA	PTF	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-55.38%	+16.94%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	-17.99%	+3.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.88%	—
Current Drawdown Current decline from peak	-7.27%	-6.53%	-0.74%
Average Drawdown Average peak-to-trough decline	-16.19%	-13.38%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.22%	4.94%	-0.72%

Volatility

QQQA vs. PTF - Volatility Comparison

The current volatility for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) is 11.35%, while Invesco DWA Technology Momentum ETF (PTF) has a volatility of 16.26%. This indicates that QQQA 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.

Volatility by Period

	QQQA	PTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.35%	16.26%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	20.96%	32.61%	-11.65%
Volatility (1Y) Calculated over the trailing 1-year period	28.93%	39.01%	-10.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.40%	34.82%	-9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.40%	32.57%	-7.17%