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IXN vs. GINN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXN vs. GINN

Last updated Aug 2, 2026
Documentation

IXN (iShares Global Tech ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds - IXN tracks the S&P Global Information Technology Sector Index while GINN tracks the Solactive Innovative Global Equity Index. Both are passively managed. Over the past 5 years, IXN returned 18.70%/yr vs 6.09%/yr for GINN. Their correlation of 0.84 means they have usually moved in the same direction. IXN charges 0.46%/yr vs 0.50%/yr for GINN.

Performance

IXN vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IXN achieves a 26.51% return, which is significantly higher than GINN's 7.67% return.

IXN

1D
-0.21%
1M
-2.80%
6M
24.00%
YTD
26.51%
1Y
42.54%
3Y*
28.76%
5Y*
18.70%
10Y*
23.45%
ALL TIME*
12.22%

GINN

1D
0.35%
1M
-0.47%
6M
5.92%
YTD
7.67%
1Y
19.29%
3Y*
16.60%
5Y*
6.09%
10Y*
—
ALL TIME*
8.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

GINN

Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF
$126.11K$121.47K$212.21K

IXN

iShares Global Tech ETF
$45.45M$52.86M$65.01M

IXN vs. GINN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IXN
iShares Global Tech ETF		26.51%25.25%24.84%52.98%-29.86%29.58%9.66%
GINN
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF		7.67%20.25%18.71%29.94%-32.40%10.39%8.08%

Correlation

The correlation between IXN and GINN is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.76

Correlation (3Y)
Balances recent behavior with more history.

0.79

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.84

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2020

0.84

The correlation between IXN and GINN has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

IXN vs. GINN - Sectors Allocation Comparison

Sectors
IXN
GINN

Technology

99.4%
33.0%

Industrials

0.3%
5.0%

Healthcare

0.1%
22.0%

Energy

0.1%
1.3%

Real Estate

0.0%
0.6%

Basic Materials

-

0.1%

Communication Services

-

9.6%

Consumer Cyclical

-

12.2%

Consumer Defensive

-

1.7%

Financial Services

-

12.5%

Utilities

-

1.7%

Technology

IXN
99.4%
GINN
33.0%

Industrials

IXN
0.3%
GINN
5.0%

Healthcare

IXN
0.1%
GINN
22.0%

Energy

IXN
0.1%
GINN
1.3%

Real Estate

IXN
0.0%
GINN
0.6%

Basic Materials

IXN

-

GINN
0.1%

Communication Services

IXN

-

GINN
9.6%

Consumer Cyclical

IXN

-

GINN
12.2%

Consumer Defensive

IXN

-

GINN
1.7%

Financial Services

IXN

-

GINN
12.5%

Utilities

IXN

-

GINN
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Tech ETF

Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF

Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC
Often compared with GINN:
GINN vs. KOMPGINN vs. XTGINN vs. VGTGINN vs. VOOGINN vs. ARKKGINN vs. QQQGINN vs. VUG

Return for Risk

IXN vs. GINN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IXN
IXN Risk / Return Rank: 6363
Overall Rank
IXN Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 5959
Sortino Ratio Rank
IXN Omega Ratio Rank: 5959
Omega Ratio Rank
IXN Calmar Ratio Rank: 7272
Calmar Ratio Rank
IXN Martin Ratio Rank: 6464
Martin Ratio Rank
GINN
GINN Risk / Return Rank: 4040
Overall Rank
GINN Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
GINN Sortino Ratio Rank: 4141
Sortino Ratio Rank
GINN Omega Ratio Rank: 3939
Omega Ratio Rank
GINN Calmar Ratio Rank: 3737
Calmar Ratio Rank
GINN Martin Ratio Rank: 4141
Martin Ratio Rank
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.

IXN vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.

IXNGINNDifference
Sharpe ratioReturn per unit of total volatility
1.46
1.03

+0.43

Sortino ratioReturn per unit of downside risk
1.99
1.50

+0.49

Omega ratioGain probability vs. loss probability

1.25

1.18

+0.07

Calmar ratioReturn relative to maximum drawdown

2.49

1.30

+1.18

Martin ratioReturn relative to average drawdown

7.63

4.43

+3.20

IXN vs. GINN - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 1.46, which is higher than the GINN Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of IXN and GINN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IXN vs. GINN - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than GINN's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for IXN and GINN.

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Drawdown Indicators

IXNGINNDifference

Max Drawdown

Largest peak-to-trough decline

-55.67%

-41.25%

-14.42%

Max Drawdown (1Y)

Largest decline over 1 year

-16.09%

-13.18%

-2.91%

Max Drawdown (3Y)

Largest decline over 3 years

-25.55%

-22.25%

-3.30%

Max Drawdown (5Y)

Largest decline over 5 years

-36.30%

-41.25%

+4.95%

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

—

—

Current Drawdown

Current decline from peak

-11.29%

-2.51%

-8.78%

Average Drawdown

Average peak-to-trough decline

-11.24%

-13.09%

+1.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.23%

3.87%

+1.36%

Volatility

IXN vs. GINN - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 10.37% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 3.85%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IXNGINNDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.37%

3.85%

+6.52%

Volatility (6M)

Calculated over the trailing 6-month period

23.76%

12.97%

+10.79%

Volatility (1Y)

Calculated over the trailing 1-year period

27.43%

16.66%

+10.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.89%

21.43%

+4.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.88%

20.94%

+3.94%

IXN vs. GINN - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

IXN vs. GINN - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.83%, less than GINN's 1.17% yield.

PositionTTM20252024202320222021202020192018201720162015
GINN
Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF		1.17%1.26%1.26%1.01%0.69%0.67%0.07%0.00%0.00%0.00%0.00%0.00%
IXN
iShares Global Tech ETF		0.83%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%

Frequently Asked Questions

IXN and GINN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXN has higher volatility (10.37%) compared to GINN (3.85%). In terms of maximum drawdown, IXN dropped -55.67% vs GINN's -41.25%.

On 5-year performance, IXN leads with 18.70% vs 6.09% for GINN. On fees, IXN is cheaper at 0.46% per year. On volatility, GINN has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IXN has performed better with a 18.70% return vs 6.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXN is cheaper with a 0.46% expense ratio, compared with 0.50% for GINN.

GINN has the higher dividend yield at 1.17%, compared with 0.83% for IXN.

IXN tracks S&P Global Information Technology Sector Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: iShares and Goldman Sachs. Their fees differ too: 0.46% for IXN and 0.50% for GINN.

IXN currently has the higher Sharpe Ratio (1.46 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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