TEKY vs. PTF

Last updated Jun 24, 2026

TEKY (Lazard Next Gen Technologies ETF) and PTF (Invesco Dorsey Wright Technology Momentum ETF) are both exchange-traded funds - TEKY is a Technology Equities fund actively managed by Lazard, while PTF is a Momentum fund tracking the Dorsey Wright Technology Technical Leaders Index. TEKY is actively managed, while PTF is passively managed. Over the past year, TEKY returned 37.15% vs 96.10% for PTF. A 0.80 correlation means they provide meaningful diversification when combined. TEKY charges 0.50%/yr vs 0.60%/yr for PTF.

Performance

TEKY vs. PTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Next Gen Technologies ETF (TEKY) and Invesco Dorsey Wright Technology Momentum ETF (PTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEKY achieves a 20.06% return, which is significantly lower than PTF's 69.43% return.

TEKY

• 1D: -4.74%
• 1M: 1.10%
• YTD: 20.06%
• 6M: 18.90%
• 1Y: 37.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PTF

• 1D: -6.34%
• 1M: 5.02%
• YTD: 69.43%
• 6M: 64.22%
• 1Y: 96.10%
• 3Y*: 41.16%
• 5Y*: 21.25%
• 10Y*: 26.71%

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

TEKY vs. PTF - Yearly Performance Comparison

	2026 (YTD)	2025
TEKY Lazard Next Gen Technologies ETF	20.06%	50.31%
PTF Invesco Dorsey Wright Technology Momentum ETF	69.43%	45.68%

Correlation

The correlation between TEKY and PTF is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.80

The correlation between TEKY and PTF has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

TEKY vs. PTF — Risk / Return Rank

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

TEKY

TEKY Risk / Return Rank: 40
TEKY Sharpe Ratio Rank: 46
TEKY Sortino Ratio Rank: 42
TEKY Omega Ratio Rank: 43
TEKY Calmar Ratio Rank: 37
TEKY Martin Ratio Rank: 34

PTF

PTF Risk / Return Rank: 76
PTF Sharpe Ratio Rank: 77
PTF Sortino Ratio Rank: 59
PTF Omega Ratio Rank: 64
PTF Calmar Ratio Rank: 90
PTF Martin Ratio Rank: 91

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.

TEKY vs. PTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) and Invesco Dorsey Wright 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.

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.

	TEKY	PTF	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.34	-0.86
Sortino ratio: Return per unit of downside risk	1.98	2.67	-0.69
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	1.74	5.37	-3.63
Martin ratio: Return relative to average drawdown	4.76	20.37	-15.62

TEKY vs. PTF - Sharpe Ratio Comparison

The current TEKY Sharpe Ratio is 1.47, which is lower than the PTF Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of TEKY and PTF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEKY vs. PTF - Drawdown Comparison

The maximum TEKY drawdown since its inception was -21.43%, smaller than the maximum PTF drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for TEKY and PTF.

Drawdown Indicators

	TEKY	PTF	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-55.38%	+33.95%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-17.99%	-3.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.11%	—
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	-5.63%	-6.34%	+0.71%
Average Drawdown Average peak-to-trough decline	-4.81%	-13.25%	+8.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.83%	4.73%	+3.10%

Volatility

TEKY vs. PTF - Volatility Comparison

The current volatility for Lazard Next Gen Technologies ETF (TEKY) is 12.26%, while Invesco Dorsey Wright Technology Momentum ETF (PTF) has a volatility of 17.66%. This indicates that TEKY 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

	TEKY	PTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.26%	17.66%	-5.40%
Volatility (6M) Calculated over the trailing 6-month period	21.10%	32.05%	-10.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.37%	41.37%	-16.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.80%	35.58%	-8.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.80%	33.29%	-6.49%

TEKY vs. PTF - Expense Ratio Comparison

TEKY has a 0.50% expense ratio, which is lower than PTF's 0.60% expense ratio.

Dividends

TEKY vs. PTF - Dividend Comparison

TEKY's dividend yield for the trailing twelve months is around 0.17%, more than PTF's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
TEKY Lazard Next Gen Technologies ETF	0.17%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEKY and PTF in my portfolio?

TEKY and PTF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEKY or PTF?

PTF has higher volatility (17.66%) compared to TEKY (12.26%). In terms of maximum drawdown, TEKY dropped -21.43% vs PTF's -55.38%.

Which ETF is better, TEKY or PTF?

On 1-year performance, PTF leads with 96.10% vs 37.15% for TEKY. On fees, TEKY is cheaper at 0.50% per year. On volatility, TEKY has been the lower-risk option at 12.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKY or PTF?

Over the 1-year period, PTF has performed better with a 96.10% return vs 37.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKY or PTF?

TEKY is cheaper with a 0.50% expense ratio, compared with 0.60% for PTF.

Which ETF pays a higher dividend yield, TEKY or PTF?

TEKY has the higher dividend yield at 0.17%, compared with 0.01% for PTF.

What is the main difference between TEKY and PTF?

TEKY is categorized as Technology Equities, while PTF is Momentum. They also come from different issuers: Lazard and Invesco. Their fees differ too: 0.50% for TEKY and 0.60% for PTF.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (2.34 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.