TOWTX vs. FTCHX
TOWTX (Towpath Technology Fund) and FTCHX (Invesco Technology Fund) are both Technology Equities funds. Over the past 5 years, TOWTX returned 8.58%/yr vs 11.97%/yr for FTCHX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. TOWTX charges 1.10%/yr vs 0.91%/yr for FTCHX.
Performance
TOWTX vs. FTCHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TOWTX achieves a 8.11% return, which is significantly lower than FTCHX's 20.50% return.
TOWTX
- 1D
- -0.67%
- 1M
- 0.31%
- 6M
- 8.25%
- YTD
- 8.11%
- 1Y
- 19.11%
- 3Y*
- 11.65%
- 5Y*
- 8.58%
- 10Y*
- —
- ALL TIME*
- 10.20%
FTCHX
- 1D
- 7.36%
- 1M
- -9.87%
- 6M
- 13.74%
- YTD
- 20.50%
- 1Y
- 35.31%
- 3Y*
- 27.75%
- 5Y*
- 11.97%
- 10Y*
- 17.88%
- ALL TIME*
- 9.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TOWTX vs. FTCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOWTX Towpath Technology Fund | 8.11% | 9.55% | 12.82% | 29.78% | -15.96% | 17.73% |
FTCHX Invesco Technology Fund | 20.50% | 20.77% | 34.49% | 47.38% | -39.96% | 15.53% |
Correlation
The correlation between TOWTX and FTCHX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2021 | 0.78 |
Over the past year, the correlation between TOWTX and FTCHX has dropped to 0.56 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TOWTX vs. FTCHX — Risk / Return Rank
TOWTX
FTCHX
TOWTX vs. FTCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Towpath Technology Fund (TOWTX) and Invesco Technology Fund (FTCHX). 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.
| TOWTX | FTCHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.36 | +0.13 |
| Martin ratioReturn relative to average drawdown | 4.41 | 5.61 | -1.20 |
Loading charts...
Drawdowns
TOWTX vs. FTCHX - Drawdown Comparison
The maximum TOWTX drawdown since its inception was -88.96%, roughly equal to the maximum FTCHX drawdown of -87.78%. Use the drawdown chart below to compare losses from any high point for TOWTX and FTCHX.
Loading charts...
Drawdown Indicators
| TOWTX | FTCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.96% | -87.78% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -24.02% | +12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -88.96% | -30.38% | -58.58% |
Max Drawdown (5Y)Largest decline over 5 years | -88.96% | -47.89% | -41.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.89% | — |
Current DrawdownCurrent decline from peak | -84.82% | -18.43% | -66.39% |
Average DrawdownAverage peak-to-trough decline | -26.89% | -36.30% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 5.78% | -1.88% |
Volatility
TOWTX vs. FTCHX - Volatility Comparison
The current volatility for Towpath Technology Fund (TOWTX) is 4.12%, while Invesco Technology Fund (FTCHX) has a volatility of 15.25%. This indicates that TOWTX experiences smaller price fluctuations and is considered to be less risky than FTCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TOWTX | FTCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 15.25% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 29.83% | -17.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 34.86% | -19.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 146.58% | 30.32% | +116.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 139.02% | 27.20% | +111.82% |
TOWTX vs. FTCHX - Expense Ratio Comparison
TOWTX has a 1.10% expense ratio, which is higher than FTCHX's 0.91% expense ratio.
Dividends
TOWTX vs. FTCHX - Dividend Comparison
TOWTX's dividend yield for the trailing twelve months is around 1.58%, less than FTCHX's 22.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTCHX Invesco Technology Fund | 22.04% | 26.56% | 13.59% | 0.80% | 1.60% | 27.66% | 7.06% | 9.58% | 9.01% | 4.14% | 6.98% | 6.88% |
TOWTX Towpath Technology Fund | 1.58% | 1.70% | 3.55% | 0.42% | 0.57% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOWTX and FTCHX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTCHX has higher volatility (15.25%) compared to TOWTX (4.12%). In terms of maximum drawdown, TOWTX dropped -88.96% vs FTCHX's -87.78%.
TOWTX currently has the higher Sharpe Ratio (1.10 vs 0.93), 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.
Find the right allocation for TOWTX and FTCHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer