Skip to Content
ETFs

Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF

PTF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 12 2006
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$801,031
AUM
$302,090,910
Associated Index
DWA Technology Technical Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
6.39%
SMCI
Super Micro Computer Inc
5.40%
CDNS
Cadence Design Systems, Inc.
4.99%
APP
Applovin Corp - Ordinary Shares - Class A
4.96%
NVDA
NVIDIA Corp
4.22%
ACLS
Axcelis Technologies Inc
4.11%
SNPS
Synopsys, Inc.
3.69%
RMBS
Rambus Inc.
3.60%
AVGO
Broadcom Inc
3.43%
MSFT
Microsoft Corporation
3.27%
Invest with PTF

What is PTF?

The Invesco DWA Technology Momentum ETF (Fund) is based on the Dorsey Wright Technology Technical Leaders Index (DWA Technology Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

ETFs related toPTF

ETFs correlated to PTF include FXL, RSPT, QTUM

PTF
Invesco Capital Management LLC - Invesco Dorsey Wright Technology Momentum ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
WTAI
WisdomTree Trust - WisdomTree Artificial Intelligence and Innovation Fund
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
XSD
SPDR Series Trust - SPDR Semiconductors ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPTF

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PTF using Composer

FAQ

PTF is a US Equities ETF. The Invesco DWA Technology Momentum ETF (Fund) is based on the Dorsey Wright Technology Technical Leaders Index (DWA Technology Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from the NASDAQ US Benchmark Index. Relative strength is the measurement of a securitys performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

PTF tracks the DWA Technology Technical Leaders Index.

No, PTF is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PTF is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PTF is -0.0476%. This is the percent change in the value of PTF over the most recent 1-month period. The 3-month return on PTF is -0.0475%. This is the percent change in the value of PTF over the most recent 3-month period.

The standard deviation of PTF for the past year is 0.2813%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PTF include XLI, XLY, and XLV.

ETFs correlated to PTF include FXL, RSPT, and QTUM.

ETFs that are inversely correlated to PTF include HIBS, SOXS, and TECS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.