Invesco Dorsey Wright Technology Momentum ETF
$108.26−1.55 (−1.41%)
- Expense ratio
- 0.69%
- Fund size
- $606M
- 1Y return
- +42.9%
- Yield · Last 12 months
- 0.00%
- Holdings
- 38
- Volume · 30D
- 0.1M sh
- NAV per share
- $107.42
- 52W range
The ETF.net PTF Grade
Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 11Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
Our read on PTF
DMost tech ETFs own the sector by size. PTF ranks it by price trend instead: about 40 US tech names picked for relative strength and refreshed as leadership shifts. Dorsey Wright's chart-based playbook in ETF form, running since 2006.
The fund normally invests at least 90% of its assets in securities comprising its technology-focused momentum index.
Why people hold it
- A genuinely different tech portfolio: holdings come from a price-trend screen, not a market-cap ladder, so the biggest names appear only when their momentum earns the spot.
- Concentrated on purpose: roughly 40 stocks instead of several hundred, so each holding actually moves the needle.
- Live since 2006, so the relative-strength method has been run through several full tech cycles, not just one bull market.
- At least 90% of assets stay in index constituents, so you get the published rulebook rather than a manager's improvisation.
Worth knowing
- The screen carries a price: 0.68% a year, while the sector's largest cap-weighted funds (VGT, XLK, FTEC) charge under a tenth of a percent.
- Momentum rotates, so turnover is baked in, and a 40-stock lineup can swing harder in both directions than a broad cap-weighted tech fund.
- It trades moderately rather than heavily, so bid-ask spreads can run wider than the sector's household-name funds.
PTF Holdings
- Stocks
- 38
- 43%
- SNDK
Sectors
- Technology92.6%
- Financials5.4%
- Communication2.0%
Geography
- United States98.19%
- Cayman Islands1.81%
PTF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PTF |
|---|---|
| Year to date | +43.6% |
| 1 month | +7.3% |
| 3 months | −20.6% |
| 1 year | +42.9% |
| 3 years | +36.4% |
| 5 years | +15.8% |
| 10 years | +23.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PTF |
|---|---|---|
| 2026 YTD | +43.6% | |
| 2025 | +5.7% | |
| 2024 | +43.7% | |
| 2023 | +33.7% | |
| 2022 | −31.7% | |
| 2021 | +18.1% | |
| 2020 | +82.0% |
PTF in the news
ETF.net Research hasn’t filed on PTF yet — coverage lands here as it’s written.
PTF Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2025 | Sep 26, 2025 | $0.0083 |
| Mar 24, 2025 | Mar 28, 2025 | $0.15 |
| Sep 18, 2023 | Sep 22, 2023 | $0.02 |
| Jun 20, 2023 | Jun 23, 2023 | $0.02 |
| Mar 18, 2019 | Mar 29, 2019 | $0.0000033 |
| Sep 24, 2018 | Sep 28, 2018 | $0.00097 |
| Jun 18, 2018 | Jun 29, 2018 | $0.01 |
| Sep 18, 2017 | Sep 29, 2017 | $0.0071 |
| Dec 16, 2016 | Dec 30, 2016 | $0.03 |
| Dec 19, 2014 | Dec 31, 2014 | $0.09 |
| Dec 20, 2013 | Dec 31, 2013 | $0.02 |
| Dec 21, 2012 | Dec 31, 2012 | $0.06 |
PTF Risk
- 35.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −44.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PTF Cost
- The middle half of Technology (Broad) funds
- Median 0.45%
17 of the 23 Technology (Broad) funds charge less.