Launched on October 12, 2006, the Invesco Dorsey Wright Technology Momentum ETF (PTF Quick QuotePTF - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Broad segment of the equity market.

An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.

Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 3, placing it in top 19%.

Index Details

The fund is sponsored by Invesco. It has amassed assets over $603.01 million, making it one of the average sized ETFs attempting to match the performance of the Technology - Broad segment of the equity market. PTF seeks to match the performance of the DWA Technology Technical Leaders Index before fees and expenses.

The Dorsey Wright??Technology Technical Leaders Index identifies companies that are showing relative strength and are composed of at least 30 common stocks from a universe of approximately 3,000 common stocks traded on US exchanges.

Costs

Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.

Annual operating expenses for this ETF are 0.6%, making it on par with most peer products in the space.

Sector Exposure and Top Holdings

While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Information Technology sector -- about 94% of the portfolio.

Looking at individual holdings, Micron Technology Inc (MU) accounts for about 4.75% of total assets, followed by Sandisk Corp (SNDK) and Advanced Micro Devices Inc (AMD).

The top 10 holdings account for about 36.84% of total assets under management.

Performance and Risk

Year-to-date, the Invesco Dorsey Wright Technology Momentum ETF has added roughly 42.38% so far, and was up about 34.21% over the last 12 months (as of 10/29/2026). PTF has traded between $67.943 and $138.36 in this past 52-week period.

The ETF has a beta of 1.67 and standard deviation of 40.84% for the trailing three-year period, making it a high risk choice in the space. With about 37 holdings, it has more concentrated exposure than peers.

Alternatives

Invesco Dorsey Wright Technology Momentum ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, PTF is an excellent option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.

State Street Technology Select Sector SPDR ETF (XLK) tracks Technology Select Sector Index and the Vanguard Information Technology Index Fund ETF Shares (VGT) tracks MSCI US Investable Market Information Technology 25/50 Index. State Street Technology Select Sector SPDR ETF has $125.51 billion in assets, Vanguard Information Technology Index Fund ETF Shares has $151.56 billion. XLK has an expense ratio of 0.08%, and VGT charges 0.09%.

Bottom Line

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