GTEK vs. JTEK
Compare and contrast key facts about Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and JPMorgan U.S. Tech Leaders ETF (JTEK).
GTEK and JTEK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTEK is an actively managed fund by Goldman Sachs. It was launched on Sep 14, 2021. JTEK is an actively managed fund by JPMorgan. It was launched on Oct 4, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTEK or JTEK.
Correlation
The correlation between GTEK and JTEK is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GTEK vs. JTEK - Performance Comparison
Key characteristics
GTEK:
0.99
JTEK:
1.14
GTEK:
1.41
JTEK:
1.58
GTEK:
1.18
JTEK:
1.21
GTEK:
0.55
JTEK:
1.60
GTEK:
4.54
JTEK:
5.37
GTEK:
4.66%
JTEK:
5.44%
GTEK:
21.31%
JTEK:
25.70%
GTEK:
-53.77%
JTEK:
-18.26%
GTEK:
-16.59%
JTEK:
0.00%
Returns By Period
In the year-to-date period, GTEK achieves a 8.94% return, which is significantly lower than JTEK's 11.89% return.
GTEK
8.94%
9.05%
21.50%
21.99%
N/A
N/A
JTEK
11.89%
11.79%
27.96%
28.23%
N/A
N/A
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GTEK vs. JTEK - Expense Ratio Comparison
GTEK has a 0.75% expense ratio, which is higher than JTEK's 0.65% expense ratio.
Risk-Adjusted Performance
GTEK vs. JTEK — Risk-Adjusted Performance Rank
GTEK
JTEK
GTEK vs. JTEK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and JPMorgan U.S. Tech Leaders ETF (JTEK). 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.
Dividends
GTEK vs. JTEK - Dividend Comparison
Neither GTEK nor JTEK has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 0.00% | 0.00% | 0.25% | 0.03% |
JTEK JPMorgan U.S. Tech Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GTEK vs. JTEK - Drawdown Comparison
The maximum GTEK drawdown since its inception was -53.77%, which is greater than JTEK's maximum drawdown of -18.26%. Use the drawdown chart below to compare losses from any high point for GTEK and JTEK. For additional features, visit the drawdowns tool.
Volatility
GTEK vs. JTEK - Volatility Comparison
The current volatility for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is 5.95%, while JPMorgan U.S. Tech Leaders ETF (JTEK) has a volatility of 8.17%. This indicates that GTEK experiences smaller price fluctuations and is considered to be less risky than JTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.