The DWA Technology Momentum Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There is at least 1 fund that is incredibly highly correlated with PTF.

Within the PowerShares family of funds, the most positively correlated other funds are DWA NASDAQ Momentum Portfolio, DWA Momentum Portfolio, Dynamic Market Portfolio, Fundamental Pure Small Growth Portfolio, Dynamic Large Cap Growth Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are Vanguard Mutual Funds - FTSE Social Index, Vanguard Mutual Funds - Strategic Equity, SPDR - S&P Software & Services, Vanguard Mutual Funds - Diversified Equity, Vanguard Mutual Funds - Morgan Growth.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to PowerShares's DWA Technology Momentum Portfolio fund: PowerShares - DWA NASDAQ Momentum Portfolio. The correlation between their daily movements is 99.2%.

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
DWAQ PowerShares DWA NASDAQ Momentum Portfolio 99.2%
PDP PowerShares DWA Momentum Portfolio 98.1%
PWC PowerShares Dynamic Market Portfolio 97.8%
PXSG PowerShares Fundamental Pure Small Growth Portfolio 97.7%
PWB PowerShares Dynamic Large Cap Growth Portfolio 97.4%
Negatively Correlated PowerShares funds
PSAU PowerShares Global Gold and Precious Metals Portfolio -60.4%
UDN PowerShares DB US Dollar Index Bearish Fund -59.9%
DBO PowerShares DB Oil Fund -45.3%
DBC PowerShares DB Commodity Index Tracking Fund -41.6%
DBA PowerShares DB Agriculture Fund -39.7%

Positively Correlated Non-PowerShares funds
VFTSX Vanguard Mutual Funds FTSE Social Index 98.3%
VSEQX Vanguard Mutual Funds Strategic Equity 98.3%
XSW SPDR S&P Software & Services 98.2%
VDEQX Vanguard Mutual Funds Diversified Equity 98.2%
VMRGX Vanguard Mutual Funds Morgan Growth 98.1%
Negatively Correlated Non-PowerShares funds
RING iShares MSCI Global Gold Miners ETF -87.4%
SLVP iShares MSCI Global Silver Miners ETF -86.5%
EWZS iShares MSCI Brazil Small-Cap ETF -82.4%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -76.9%
EEML iShares MSCI Emerging Markets Latin America ETF -75.5%

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