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
564.1 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 12, 2006 |
| Assets (mns) | $564 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLOVIN CORP. CLASS A | 13.2 % |
| APPLE INC | 6.0 % |
| FAIR ISAAC CORP | 4.3 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 3.9 % |
| ARISTA NETWORKS, INC. | 3.3 % |
| NUTANIX, INC. CLASS A | 2.9 % |
| KLA CORPORATION | 2.8 % |
| APPLIED OPTOELECTRONICS INC | 2.8 % |
| COHERENT CORP | 2.6 % |
| GUIDEWIRE SOFTWARE INC | 2.4 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 394 |
| Wgt avg mkt cap (mns) | $374,410 |
| Large cap (>$10bn) | 55.9% |
| Mid cap ($2-10bn) | 35.0% |
| Small cap (<$2bn) | 9.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
IRELAND | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 23.0% | 51.0% | -26.5% | -28.4% | -2.8% | 5.7% | 5.2% | Volatility | 32.7% | 31.2% | 29.1% | 33.7% | 36.0% | 30.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.29 | 21% |
| MSCI EAFE | 0.88 | 10% |
| MSCI Emg Mkts | 0.44 | 3% |
Liquidity Measures
| Avg. volume (000) | 40 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $31,751 |
Technical Indicators
| Recent close | $75.86 |
| 30d moving avg. | $64.88 |
| Annualized volatility | 48.5% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 6.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PTF |
Expenses vs. PTF |
ALTAR Score™ vs. PTF |
|---|---|---|---|---|
| COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 21.6% | -11 bp | +2.8% |
| DFNV | Donoghue Forlines Innovation ETF | 19.5% | +9 bp | +3.1% |
| SKYY | First Trust Cloud Computing ETF | 18.7% | 0 bp | +1.2% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 18.3% | -20 bp | +4.1% |
| XITK | SPDR FactSet Innovative Technology ETF | 18.2% | -15 bp | +0.7% |
| PDP | Invesco Dorsey Wright Momentum ETF | 17.1% | +2 bp | +1.7% |
| RJMG | FT Raymond James Multicap Growth Equity ETF | 17.0% | +25 bp | +0.8% |
| VGT | Vanguard Information Technology ETF | 16.9% | -50 bp | +2.9% |
| XLK | Technology Select Sector SPDR Fund | 16.4% | -51 bp | +3.6% |
| IGM | iShares Expanded Tech Sector ETF | 16.3% | -19 bp | +2.9% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PTF
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PTF
1.4%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. PTF's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places PTF in the 5th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PTFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PTF (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PTF | 60.0 | 19.7 | 79.7 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .