PTH vs SPY
Comparison between INVESCO DORSEY WRIGHT HEALTHCARE MOMENTUM ETF (PTH, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed PTH, delivering a return of +13.3% compared to -1.0%
PTH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PTH
$121M
Winner
SPY
$735B
Expense Ratio
PTH
0.60%
Winner
SPY
0.09%
Max Drawdown
Winner
PTH
53.52%
SPY
56.47%
Sharpe Ratio
PTH
1.13
Winner
SPY
1.62
5Y Beta
Winner
PTH
0.95
SPY
1.00
P/E Ratio
Winner
PTH
-26.87
SPY
28.99
Forward P/E
Winner
PTH
15.77
SPY
22.37
5Y Dividends CAGR
PTH
N/A
SPY
5.43%
5Y EPS CAGR
PTH
11.19%
Winner
SPY
26.05%
Debt to Equity
Winner
PTH
-78.11%
SPY
32.40%
P/S Ratio
Winner
PTH
2.69
SPY
3.74
P/B Ratio
Winner
PTH
5.50
SPY
5.61
PTH vs SPY - Holdings Comparison
PTH and SPY have 7 common holdings. Overlap is 0.53%
PTH's top 25 holdings weight is 62.63%. SPY's top 25 holdings weight is 52.37%.
| Rank | PTH | SPY |
|---|---|---|
| #1 | PRAXIS PRECISION MEDICINES INC ORDINARY SHARES (PRAX) - 5.60% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | ROIVANT SCIENCES LTD ORDINARY SHARES (ROIV) - 4.85% | APPLE INC (AAPL) - 7.02% |
| #3 | UNITED THERAPEUTICS CORP (UTHR) - 3.49% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | TENET HEALTHCARE CORP (THC) - 3.04% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | AXSOME THERAPEUTICS INC (AXSM) - 2.99% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | CELCUITY INC (CELC) - 2.81% | BROADCOM INC (AVGO) - 3.10% |
| #7 | TANGO THERAPEUTICS INC (TNGX) - 2.65% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | HCA HEALTHCARE INC (HCA) - 2.52% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 2.49% | TESLA INC (TSLA) - 1.89% |
| #10 | SELLAS LIFE SCIENCES GROUP INC (SLS) - 2.47% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | IONIS PHARMACEUTICALS INC (IONS) - 2.42% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | JAZZ PHARMACEUTICALS PLC (JAZZ) - 2.25% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | LIQUIDIA CORP ORDINARY SHARES (LQDA) - 2.18% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | VIATRIS INC (VTRS) - 2.05% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | GILEAD SCIENCES INC (GILD) - 2.04% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | NEKTAR THERAPEUTICS (NKTR) - 1.99% | INTEL CORP (INTC) - 0.90% |
| #17 | CAPRICOR THERAPEUTICS INC (CAPR) - 1.98% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | CENCORA INC (COR) - 1.98% | VISA INC CLASS A (V) - 0.85% |
| #19 | MODERNA INC (MRNA) - 1.95% | WALMART INC (WMT) - 0.81% |
| #20 | PROTAGONIST THERAPEUTICS INC (PTGX) - 1.92% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | ALUMIS INC (ALMS) - 1.92% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | ERASCA INC (ERAS) - 1.85% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | DIANTHUS THERAPEUTICS INC (DNTH) - 1.78% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | INCYTE CORP (INCY) - 1.75% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | LIGAND PHARMACEUTICALS INC (LGND) - 1.66% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 59 | 505 |
PTH vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
PTH
-6.58%
Winner
SPY
+1.90%
3M
PTH
+0.32%
Winner
SPY
+8.55%
6M
PTH
-5.86%
Winner
SPY
+8.18%
1Y
Winner
PTH
+30.48%
SPY
+25.79%
5Y(CAGR)
PTH
-1.05%
Winner
SPY
+13.32%
10Y(CAGR)
PTH
+12.60%
Winner
SPY
+15.19%
Max(CAGR)
Winner
PTH
+9.67%
SPY
+8.47%
PTH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | PTH | SPY |
|---|---|---|
| 2026 | -1.58% | +8.26% |
| 2025 | +26.07% | +18.00% |
| 2024 | +2.49% | +25.59% |
| 2023 | -1.96% | +26.72% |
| 2022 | -18.92% | -18.64% |
| 2021 | -2.52% | +30.52% |
| 2020 | +69.82% | +17.28% |
| 2019 | +36.17% | +31.09% |
| 2018 | -2.25% | -5.24% |
| 2017 | +51.19% | +20.78% |
| 2016 | -9.54% | +13.59% |
| 2015 | +2.06% | +1.31% |
| 2014 | +15.12% | +14.56% |
| 2013 | +40.91% | +29.00% |
| 2012 | +14.75% | +14.17% |
| 2011 | +5.36% | +0.85% |
| 2010 | +11.83% | +13.14% |
| 2009 | +19.54% | +22.67% |
| 2008 | -34.42% | -36.25% |
| 2007 | +15.92% | +5.32% |
| 2006 | +4.14% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
PTH vs SPY Drawdown Comparison
The maximum drawdown for PTH was -53.52%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current PTH drawdown is -20.46%. The current SPY drawdown is -2.90%.
| Rank | PTH | SPY |
|---|---|---|
| #1 | -53.52% Feb 12, 2021 - Oct 27, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -50.37% Dec 26, 2007 - Apr 21, 2011 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.34% Jul 17, 2015 - Sep 28, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -34.22% Sep 28, 2018 - Feb 18, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -27.90% Feb 19, 2020 - Apr 20, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -24.23% Jul 7, 2011 - Jul 2, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.78% Feb 27, 2014 - Oct 31, 2014 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -18.54% Aug 5, 2020 - Oct 7, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -13.32% Mar 12, 2018 - May 11, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.90% Jan 19, 2021 - Feb 8, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.47% Apr 23, 2015 - Jun 19, 2015 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.65% May 18, 2020 - Jun 19, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.60% Jan 29, 2018 - Mar 7, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.39% Oct 3, 2012 - Jan 10, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.14% Jun 20, 2018 - Aug 27, 2018 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between PTH and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (1999 - 2026)
PTH vs SPY dividend yield comparison.
| Year | PTH | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 3.07% | 1.07% |
| 2024 | 0.06% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.32% | 1.81% |
| 2012 | 1.07% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.35% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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