GTOP vs. PXQ

Last updated Aug 2, 2026

GTOP (Goldman Sachs Technology Opportunities ETF) and PXQ (Invesco Next Gen Connectivity ETF) are both Technology Equities funds. GTOP is actively managed, while PXQ is passively managed. Their correlation of 0.87 means they have usually moved in the same direction. GTOP charges 0.65%/yr vs 0.40%/yr for PXQ.

Performance

GTOP vs. PXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Technology Opportunities ETF (GTOP) and Invesco Next Gen Connectivity ETF (PXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTOP achieves a 19.25% return, which is significantly lower than PXQ's 40.12% return.

GTOP

• 1D: 1.64%
• 1M: -2.18%
• 6M: 19.54%
• YTD: 19.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PXQ

• 1D: 0.08%
• 1M: -4.96%
• 6M: 31.73%
• YTD: 40.12%
• 1Y: 63.92%
• 3Y*: 33.13%
• 5Y*: 16.31%
• 10Y*: 18.83%
• ALL TIME*: 13.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTOP Goldman Sachs Technology Opportunities ETF	$535.54K	$741.71K	$641.89K
PXQ Invesco Next Gen Connectivity ETF	$741.37K	$822.66K	$837.91K

GTOP vs. PXQ - Yearly Performance Comparison

	2026 (YTD)	2025
GTOP Goldman Sachs Technology Opportunities ETF	19.25%	-1.02%
PXQ Invesco Next Gen Connectivity ETF	40.12%	-1.08%

Correlation

The correlation between GTOP and PXQ is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 8, 2025	0.87

Return for Risk

GTOP vs. PXQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTOP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PXQ

PXQ Risk / Return Rank: 87
PXQ Sharpe Ratio Rank: 90
PXQ Sortino Ratio Rank: 85
PXQ Omega Ratio Rank: 86
PXQ Calmar Ratio Rank: 85
PXQ Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTOP vs. PXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Technology Opportunities ETF (GTOP) and Invesco Next Gen Connectivity ETF (PXQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GTOP	PXQ	Difference
Sharpe ratio: Return per unit of total volatility	—	2.27	—
Sortino ratio: Return per unit of downside risk	—	2.82	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.31	—
Martin ratio: Return relative to average drawdown	—	13.33	—

Drawdowns

GTOP vs. PXQ - Drawdown Comparison

The maximum GTOP drawdown since its inception was -14.47%, smaller than the maximum PXQ drawdown of -57.18%. Use the drawdown chart below to compare losses from any high point for GTOP and PXQ.

Drawdown Indicators

	GTOP	PXQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.47%	-57.18%	+42.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.55%	—
Current Drawdown Current decline from peak	-6.76%	-14.80%	+8.04%
Average Drawdown Average peak-to-trough decline	-3.76%	-10.73%	+6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.68%	—

Volatility

Volatility by Period

	GTOP	PXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.04%	27.67%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	24.48%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.04%	23.55%	+1.49%

GTOP vs. PXQ - Expense Ratio Comparison

GTOP has a 0.65% expense ratio, which is higher than PXQ's 0.40% expense ratio.

Dividends

GTOP vs. PXQ - Dividend Comparison

GTOP has not paid dividends to shareholders, while PXQ's dividend yield for the trailing twelve months is around 0.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GTOP Goldman Sachs Technology Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXQ Invesco Next Gen Connectivity ETF	0.68%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%

Frequently Asked Questions

Can I hold both GTOP and PXQ in my portfolio?

GTOP and PXQ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GTOP or PXQ?

On fees, PXQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GTOP or PXQ?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.65% for GTOP.

Which ETF pays a higher dividend yield, GTOP or PXQ?

PXQ has the higher dividend yield at 0.68%, compared with 0.00% for GTOP.

What is the main difference between GTOP and PXQ?

They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.65% for GTOP and 0.40% for PXQ.