GTEK vs. ITEQ

Last updated Jun 5, 2026

GTEK (Goldman Sachs Future Tech Leaders Equity ETF) and ITEQ (BlueStar Israel Technology ETF) are both Technology Equities funds. GTEK is actively managed, while ITEQ is passively managed. Over the past 3 years, GTEK returned 34.69%/yr vs 14.09%/yr for ITEQ. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

GTEK vs. ITEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and BlueStar Israel Technology ETF (ITEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTEK achieves a 53.34% return, which is significantly higher than ITEQ's 16.91% return.

GTEK

• 1D: -0.07%
• 1M: 13.61%
• YTD: 53.34%
• 6M: 54.05%
• 1Y: 79.94%
• 3Y*: 34.69%
• 5Y*: —
• 10Y*: —

ITEQ

• 1D: -0.24%
• 1M: 5.48%
• YTD: 16.91%
• 6M: 19.51%
• 1Y: 26.37%
• 3Y*: 14.09%
• 5Y*: 0.62%
• 10Y*: 10.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTEK vs. ITEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GTEK Goldman Sachs Future Tech Leaders Equity ETF	53.34%	23.68%	15.94%	33.58%	-46.73%	-3.14%
ITEQ BlueStar Israel Technology ETF	16.91%	13.71%	11.70%	4.70%	-30.36%	-7.98%

Correlation

The correlation between GTEK and ITEQ is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 17, 2021	0.86

The correlation between GTEK and ITEQ shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

GTEK vs. ITEQ - Sectors Allocation Comparison

Sectors	GTEK	ITEQ
Technology	76.3%	58.7%
Industrials	7.1%	16.6%
Communication Services	3.6%	1.4%
Basic Materials	3.2%	-
Consumer Cyclical	2.9%	3.3%
Real Estate	2.6%	-
Healthcare	1.2%	2.3%
Financial Services	0.8%	5.1%
Consumer Defensive	-	-
Energy	-	2.0%
Utilities	-	10.1%

Return for Risk

GTEK vs. ITEQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTEK

GTEK Risk / Return Rank: 89
GTEK Sharpe Ratio Rank: 91
GTEK Sortino Ratio Rank: 86
GTEK Omega Ratio Rank: 83
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 92

ITEQ

ITEQ Risk / Return Rank: 34
ITEQ Sharpe Ratio Rank: 32
ITEQ Sortino Ratio Rank: 32
ITEQ Omega Ratio Rank: 29
ITEQ Calmar Ratio Rank: 42
ITEQ Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTEK vs. ITEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and BlueStar Israel Technology ETF (ITEQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GTEK	ITEQ	Difference
Sharpe ratio: Return per unit of total volatility	3.10	1.16	+1.93
Sortino ratio: Return per unit of downside risk	3.80	1.67	+2.13
Omega ratio: Gain probability vs. loss probability	1.49	1.20	+0.29
Calmar ratio: Return relative to maximum drawdown	7.22	2.03	+5.19
Martin ratio: Return relative to average drawdown	23.44	5.44	+18.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTEK vs. ITEQ - Sharpe Ratio Comparison

The current GTEK Sharpe Ratio is 3.10, which is higher than the ITEQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of GTEK and ITEQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GTEK	ITEQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	1.16	+1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.43	-0.10

Drawdowns

GTEK vs. ITEQ - Drawdown Comparison

The maximum GTEK drawdown since its inception was -53.77%, roughly equal to the maximum ITEQ drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for GTEK and ITEQ.

Drawdown Indicators

	GTEK	ITEQ	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-54.63%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-13.07%	+1.94%
Max Drawdown (3Y) Largest decline over 3 years	-27.49%	-26.78%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.63%	—
Current Drawdown Current decline from peak	-0.49%	-13.38%	+12.89%
Average Drawdown Average peak-to-trough decline	-27.49%	-18.52%	-8.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	4.86%	-1.44%

Volatility

GTEK vs. ITEQ - Volatility Comparison

Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a higher volatility of 9.28% compared to BlueStar Israel Technology ETF (ITEQ) at 7.60%. This indicates that GTEK's price experiences larger fluctuations and is considered to be riskier than ITEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTEK	ITEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.28%	7.60%	+1.68%
Volatility (6M) Calculated over the trailing 6-month period	21.75%	17.30%	+4.45%
Volatility (1Y) Calculated over the trailing 1-year period	25.94%	22.76%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.28%	24.96%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.28%	23.40%	+4.88%

GTEK vs. ITEQ - Expense Ratio Comparison

Both GTEK and ITEQ have an expense ratio of 0.75%.

Dividends

GTEK vs. ITEQ - Dividend Comparison

GTEK has not paid dividends to shareholders, while ITEQ's dividend yield for the trailing twelve months is around 0.72%.

Position	TTM	2025	2024	2023	2022
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%
ITEQ BlueStar Israel Technology ETF	0.72%	0.85%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTEK and ITEQ in my portfolio?

GTEK and ITEQ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTEK or ITEQ?

GTEK has higher volatility (9.28%) compared to ITEQ (7.60%). In terms of maximum drawdown, GTEK dropped -53.77% vs ITEQ's -54.63%.

Which ETF is better, GTEK or ITEQ?

On 3-year performance, GTEK leads with 34.69% vs 14.09% for ITEQ. Both ETFs have the same 0.75% expense ratio. On volatility, ITEQ has been the lower-risk option at 7.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTEK or ITEQ?

Over the 3-year period, GTEK has performed better with a 34.69% return vs 14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTEK or ITEQ?

GTEK and ITEQ have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, GTEK or ITEQ?

ITEQ has the higher dividend yield at 0.72%, compared with 0.00% for GTEK.

What is the main difference between GTEK and ITEQ?

They also come from different issuers: Goldman Sachs and ETFMG.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (3.10 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.