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PTF — Invesco Dorsey Wright Technology Momentum ETF

PTF applies Dorsey Wright relative-strength momentum rules to U.S. technology stocks in a concentrated sector-factor sleeve.

Equity Efficiency:A+Capital Efficiency grades how well this ETF delivers equity-side returns relative to the capital and beta it uses, with SPY as the B baseline. Leveraged ETFs score higher when they free up capital for an alpha sleeve. Long/short and factor ETFs are graded on excess return versus SPY, net of costs. PTF is a technology momentum equity sleeve. The grade scores equity-side excess return versus benchmark after costs.

PTF price history

Range
+99.51%
Total return (1Y)
PTF

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

The index ranks eligible technology names by momentum and refreshes holdings on a rules-based schedule. That creates a high-conviction tech trend profile rather than broad sector beta.

As with most momentum strategies, turnover and trend persistence are the key return drivers; fast reversals can quickly erode prior leadership signals.

Manager and Issuer Pedigree

Invesco’s Dorsey Wright lineup is one of the longest-running momentum ETF families in U.S. markets, built around transparent relative-strength rankings.

Invesco’s scale supports fund operations and liquidity, while Dorsey Wright provides the factor-construction process that differentiates PTF from cap-weighted tech ETFs.

Outperformance

Outperforms when technology leadership is persistent and relative-strength trends remain intact across rebalance windows.

Underperforms during sharp factor reversals or broad, low-dispersion rebounds where previously weak tech cohorts mean-revert faster than momentum rules can adapt.

Similar ETFs

TickerNameScoreMERAUM
PTFInvesco Dorsey Wright Technology Momentum ETFA+0.68%~$300M
SPMOInvesco S&P 500 Momentum ETFA+0.13%~$13B
VAMOCambria Value and Momentum ETFB0.65%~$83M

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Invesco (PTF).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.