GXPT vs. XLK

Last updated Jun 5, 2026

GXPT (Global X PureCap MSCI Information Technology ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - GXPT tracks the MSCI USA Information Technology PureCap Index while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. GXPT charges 0.15%/yr vs 0.08%/yr for XLK.

Performance

GXPT vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Information Technology ETF (GXPT) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXPT achieves a 24.23% return, which is significantly lower than XLK's 34.34% return.

GXPT

• 1D: -1.39%
• 1M: 13.76%
• YTD: 24.23%
• 6M: 22.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLK

• 1D: -1.56%
• 1M: 16.63%
• YTD: 34.34%
• 6M: 33.10%
• 1Y: 64.08%
• 3Y*: 33.46%
• 5Y*: 23.44%
• 10Y*: 25.62%

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

GXPT vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025
GXPT Global X PureCap MSCI Information Technology ETF	24.23%	10.78%
XLK State Street Technology Select Sector SPDR ETF	34.34%	10.93%

Correlation

The correlation between GXPT and XLK is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.97

Return for Risk

GXPT vs. XLK — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 82
XLK Sharpe Ratio Rank: 90
XLK Sortino Ratio Rank: 85
XLK Omega Ratio Rank: 83
XLK Calmar Ratio Rank: 79
XLK Martin Ratio Rank: 73

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.

GXPT vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Information Technology ETF (GXPT) and State Street Technology Select Sector SPDR ETF (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.

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

Sharpe Ratios by Period

	GXPT	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.41	+1.69

Drawdowns

GXPT vs. XLK - Drawdown Comparison

The maximum GXPT drawdown since its inception was -18.74%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for GXPT and XLK.

Drawdown Indicators

	GXPT	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-82.05%	+63.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-2.96%	-2.54%	-0.42%
Average Drawdown Average peak-to-trough decline	-4.92%	-34.95%	+30.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.74%	—

Volatility

Volatility by Period

	GXPT	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.23%	20.86%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.23%	24.90%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	24.49%	-3.26%

GXPT vs. XLK - Expense Ratio Comparison

GXPT has a 0.15% expense ratio, which is higher than XLK's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GXPT vs. XLK - Dividend Comparison

GXPT's dividend yield for the trailing twelve months is around 0.11%, less than XLK's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPT Global X PureCap MSCI Information Technology ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.40%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both GXPT and XLK in my portfolio?

With a correlation of 0.97, GXPT and XLK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GXPT or XLK?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPT or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPT.

Which ETF pays a higher dividend yield, GXPT or XLK?

XLK has the higher dividend yield at 0.40%, compared with 0.11% for GXPT.

What is the main difference between GXPT and XLK?

GXPT tracks MSCI USA Information Technology PureCap Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.15% for GXPT and 0.08% for XLK.