PTF vs QQQ
Invesco Dorsey Wright Technology Momentum ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PTF delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | PTF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $601M | $455.8B | |
| Dividend Yield | 0.01% | 0.41% | |
| Holdings | 40 | 108 | |
| YTD Return | +33.90% | +17.46% | |
| 1Y Return | +57.20% | +26.02% | |
| 3Y Return (annualized) | +31.11% | +25.51% | |
| 5Y Return (annualized) | +15.93% | +15.12% | |
| Volatility (annualized) | 25.2% | 30.6% | |
| Max Drawdown | -55.4% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Mar 10, 1999 |
PTF vs QQQ Performance
Invesco Dorsey Wright Technology Momentum ETF (PTF) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PTF returned +57.20% while QQQ returned +26.02%. Year to date, PTF is up 33.90% versus a gain of 17.46% for QQQ.
Over three years, PTF compounded at +31.11% per year against +25.51% for QQQ; over five years the annualized figures are +15.93% and +15.12% respectively. Across the full 20-year window we track, PTF has the edge at +13.70% annualized vs +13.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 25.2% for PTF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -55.4% for PTF and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PTF charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, PTF currently yields 0.01% against 0.41% for QQQ.
Holdings Overlap
PTF and QQQ share 12 holdings out of 130 unique holdings combined, representing a 22.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PTF or QQQ?
PTF has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, PTF or QQQ?
Over the past year PTF returned +57.20% vs +26.02% for QQQ, so PTF leads on 1-year performance. Over the longest common window we track (20 years), PTF annualized +13.70% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, PTF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 25.2% for PTF. Worst drawdown: PTF -55.4% vs QQQ -83.0%.
Should I hold both PTF and QQQ?
PTF and QQQ have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PTF and QQQ?
PTF and QQQ share 12 common holdings with a 22.0% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, PTF or QQQ?
PTF yields 0.01% while QQQ yields 0.41%, so QQQ currently pays the higher dividend yield.
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