PTF vs VYM
Invesco Dorsey Wright Technology Momentum ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PTF delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PTF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.04% | |
| AUM | $601M | $79.0B | |
| Dividend Yield | 0.01% | 2.86% | |
| Holdings | 40 | 568 | |
| YTD Return | +32.12% | +16.10% | |
| 1Y Return | +55.11% | +25.99% | |
| 3Y Return (annualized) | +31.14% | +18.29% | |
| 5Y Return (annualized) | +15.45% | +12.35% | |
| Volatility (annualized) | 25.2% | 14.6% | |
| Max Drawdown | -55.4% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 12, 2006 | Nov 10, 2006 |
PTF vs VYM Performance
Invesco Dorsey Wright Technology Momentum ETF (PTF) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PTF returned +55.11% while VYM returned +25.99%. Year to date, PTF is up 32.12% versus a gain of 16.10% for VYM.
Over three years, PTF compounded at +31.14% per year against +18.29% for VYM; over five years the annualized figures are +15.45% and +12.35% respectively. Across the full 20-year window we track, PTF has the edge at +13.63% annualized vs +7.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PTF has been the more volatile fund, with annualized monthly volatility of 25.2% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PTF charges 0.60% per year while VYM charges 0.04%. On a $10,000 position that is $60 vs $4 annually, a gap of $56 per year that compounds over a long holding period. On income, PTF currently yields 0.01% against 2.86% for VYM.
Holdings Overlap
PTF and VYM share 3 holdings out of 594 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PTF or VYM?
PTF has an expense ratio of 0.60% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, PTF or VYM?
Over the past year PTF returned +55.11% vs +25.99% for VYM, so PTF leads on 1-year performance. Over the longest common window we track (20 years), PTF annualized +13.63% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, PTF or VYM?
PTF has been the more volatile fund at 25.2% annualized versus 14.6% for VYM. Worst drawdown: PTF -55.4% vs VYM -58.8%.
Should I hold both PTF and VYM?
PTF and VYM have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PTF and VYM?
PTF and VYM share 3 common holdings with a 0.4% weight overlap. Combined, they hold 594 unique securities.
Which pays a higher dividend, PTF or VYM?
PTF yields 0.01% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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