GTEK vs. XLK
Compare and contrast key facts about Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and Technology Select Sector SPDR Fund (XLK).
GTEK and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTEK or XLK.
Correlation
The correlation between GTEK and XLK is 0.86, 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. XLK - Performance Comparison
Key characteristics
GTEK:
1.16
XLK:
0.84
GTEK:
1.62
XLK:
1.23
GTEK:
1.21
XLK:
1.16
GTEK:
0.64
XLK:
1.13
GTEK:
5.31
XLK:
3.80
GTEK:
4.66%
XLK:
5.05%
GTEK:
21.21%
XLK:
22.83%
GTEK:
-53.77%
XLK:
-82.05%
GTEK:
-16.47%
XLK:
-0.77%
Returns By Period
In the year-to-date period, GTEK achieves a 9.09% return, which is significantly higher than XLK's 3.20% return.
GTEK
9.09%
6.98%
21.15%
21.29%
N/A
N/A
XLK
3.20%
3.31%
8.76%
18.18%
19.80%
20.38%
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GTEK vs. XLK - Expense Ratio Comparison
GTEK has a 0.75% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
GTEK vs. XLK — Risk-Adjusted Performance Rank
GTEK
XLK
GTEK vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
GTEK has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 0.00% | 0.00% | 0.25% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.64% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
GTEK vs. XLK - Drawdown Comparison
The maximum GTEK drawdown since its inception was -53.77%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for GTEK and XLK. For additional features, visit the drawdowns tool.
Volatility
GTEK vs. XLK - Volatility Comparison
The current volatility for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is 5.70%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 7.49%. This indicates that GTEK experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.