PTF
Invesco Dorsey Wright Technology Momentum ETF
The Invesco DWA Technology Momentum Portfolio tracks an index of U.S. tech firms selected and weighted by price momentum.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 699.4 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Oct 12, 2006 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 5.5 % |
| ONDAS HOLDINGS, INC. | 5.2 % |
| BITMINE IMMERSION TECHNOLOGIES INC | 4.5 % |
| RIGETTI COMPUTING, INC. | 4.3 % |
| OPENDOOR TECHNOLOGIES INC | 4.1 % |
| BROADCOM INC. | 3.6 % |
| CIPHER MINING INC | 3.6 % |
| KLA CORPORATION | 3.3 % |
| ARISTA NETWORKS, INC. | 3.2 % |
| SOUNDHOUND AI, INC CLASS A | 3.0 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 316 |
| Wgt avg mkt cap (mns) | $393,251 |
| Large cap (>$10bn) | 41.2% |
| Mid cap ($2-10bn) | 29.8% |
| Small cap (<$2bn) | 13.0% |
| Developed mkts. | 84.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 81.3 % |
 |
IRELAND | 2.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 68.7% | 101.8% | 49.7% | 41.3% | 22.9% | 26.2% | -- | 14.9% |
| Dividend Yield | 0.0% | 0.0% | 0.2% | 0.2% | 0.1% | 0.1% | -- | 0.1% |
| Total Returns | 68.7% | 101.9% | 49.9% | 41.5% | 23.0% | 26.3% | -- | 15.0% | Ann. Volatility | 42.4% | 38.4% | 38.9% | 35.3% | 34.9% | 32.9% | -- | 28.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.36 | 53% |
| MSCI EAFE | 1.38 | 29% |
| MSCI Emg Mkts | 1.32 | 46% |
Liquidity Measures
| Avg. volume (000) | 103 |
| ADV traded (mns) | $14 |
| Turnover | 2.0% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $117.15 |
| Relative strength (RSI) | 65 |
| MACD/Signal | 5.60/5.25 |
| Bollinger Bands (Upper/Lower) | $131.98/$110.89 |
| Short interest (% of AUM) | 0.3% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PTF |
Expenses vs. PTF |
ALTAR Score™ vs. PTF |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 27.4% | +39 bp | +2.2% |
| AMOM | Qraft AI-Enhanced U.S. Large Cap Momentum ETF | 21.9% | +15 bp | +3.4% |
| SPRX | Spear Alpha ETF | 21.7% | +15 bp | 0.0% |
| IGM | iShares Expanded Tech Sector ETF | 21.3% | -19 bp | +3.7% |
| XPND | First Trust Expanded Technology ETF | 20.5% | +5 bp | +3.9% |
| PSI | Invesco Semiconductors ETF | 20.4% | -3 bp | +2.3% |
| SIXG | Defiance Connective Technologies ETF | 20.3% | -30 bp | +4.1% |
| BAY | Corgi Bay Area Based ETF | 19.9% | -40 bp | +3.5% |
| XLK | Technology Select Sector SPDR | 19.8% | -52 bp | +4.3% |
| IQM | Franklin Intelligent Machines ETF | 19.8% | -10 bp | +2.2% |
Risk and Returns: PTF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
-0.7%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. PTF's ALTAR Score™ is approximately -2.8 standard
deviations above the category average. This places PTF in the 1st percentile
among funds in the category.
Sell-Side Consensus
$147.45
PRICE TARGET
+8.9%
UPSIDE