GXLK.L vs. EQQU.L
Compare and contrast key facts about SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L).
GXLK.L and EQQU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXLK.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jul 7, 2015. EQQU.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Dec 2, 2002. Both GXLK.L and EQQU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GXLK.L or EQQU.L.
Key characteristics
| GXLK.L | EQQU.L | |
|---|---|---|
| YTD Return | 19.94% | 24.49% |
| 1Y Return | 25.30% | 33.07% |
| Sharpe Ratio | 0.66 | 1.98 |
| Sortino Ratio | 1.19 | 2.68 |
| Omega Ratio | 1.23 | 1.36 |
| Calmar Ratio | 1.14 | 2.63 |
| Martin Ratio | 2.13 | 9.22 |
| Ulcer Index | 11.32% | 3.51% |
| Daily Std Dev | 36.56% | 16.35% |
| Max Drawdown | -21.13% | -35.54% |
| Current Drawdown | -1.24% | -0.27% |
Correlation
The correlation between GXLK.L and EQQU.L is 0.91, 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
GXLK.L vs. EQQU.L - Performance Comparison
In the year-to-date period, GXLK.L achieves a 19.94% return, which is significantly lower than EQQU.L's 24.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GXLK.L vs. EQQU.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than EQQU.L's 0.30% expense ratio.
Risk-Adjusted Performance
GXLK.L vs. EQQU.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L). 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
GXLK.L vs. EQQU.L - Dividend Comparison
Neither GXLK.L nor EQQU.L has paid dividends to shareholders.
Drawdowns
GXLK.L vs. EQQU.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -21.13%, smaller than the maximum EQQU.L drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for GXLK.L and EQQU.L. For additional features, visit the drawdowns tool.
Volatility
GXLK.L vs. EQQU.L - Volatility Comparison
SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) have volatilities of 4.88% and 4.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.