IXN vs. SPTE

Last updated Aug 2, 2026

IXN (iShares Global Tech ETF) and SPTE (SP Funds S&P Global Technology ETF) are both Technology Equities funds - IXN tracks the S&P Global Information Technology Sector Index while SPTE tracks the S&P Global 1200 Shariah Information Technology Capped Index. Both are passively managed. Over the past year, IXN returned 42.54% vs 46.93% for SPTE. Their correlation of 0.95 means they have usually moved in the same direction. IXN charges 0.46%/yr vs 0.55%/yr for SPTE.

Performance

IXN vs. SPTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) and SP Funds S&P Global Technology ETF (SPTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IXN achieves a 26.51% return, which is significantly lower than SPTE's 28.13% 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%

SPTE

• 1D: 0.31%
• 1M: -2.92%
• 6M: 22.76%
• YTD: 28.13%
• 1Y: 46.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.20%

*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)
IXN iShares Global Tech ETF	$45.45M	$52.86M	$65.01M
SPTE SP Funds S&P Global Technology ETF	$1.65M	$1.79M	$2.92M

IXN vs. SPTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IXN iShares Global Tech ETF	26.51%	25.25%	24.84%	4.34%
SPTE SP Funds S&P Global Technology ETF	28.13%	26.37%	33.28%	5.52%

Correlation

The correlation between IXN and SPTE is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.95

The correlation between IXN and SPTE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

IXN vs. SPTE - Sectors Allocation Comparison

Sectors	IXN	SPTE
Technology	99.4%	98.7%
Industrials	0.3%	0.5%
Healthcare	0.1%	0.3%
Energy	0.1%	0.1%
Real Estate	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Utilities	-	-

Return for Risk

IXN vs. SPTE — Risk / Return Rank

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

IXN

IXN Risk / Return Rank: 63
IXN Sharpe Ratio Rank: 63
IXN Sortino Ratio Rank: 59
IXN Omega Ratio Rank: 59
IXN Calmar Ratio Rank: 72
IXN Martin Ratio Rank: 64

SPTE

SPTE Risk / Return Rank: 72
SPTE Sharpe Ratio Rank: 73
SPTE Sortino Ratio Rank: 68
SPTE Omega Ratio Rank: 67
SPTE Calmar Ratio Rank: 79
SPTE Martin Ratio Rank: 73

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. SPTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) and SP Funds S&P Global Technology ETF (SPTE). 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.

	IXN	SPTE	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.65	-0.19
Sortino ratio: Return per unit of downside risk	1.99	2.21	-0.22
Omega ratio: Gain probability vs. loss probability	1.25	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	2.49	2.82	-0.33
Martin ratio: Return relative to average drawdown	7.63	9.00	-1.37

IXN vs. SPTE - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 1.46, which is comparable to the SPTE Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of IXN and SPTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IXN vs. SPTE - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than SPTE's maximum drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for IXN and SPTE.

Drawdown Indicators

	IXN	SPTE	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-25.55%	-30.12%
Max Drawdown (1Y) Largest decline over 1 year	-16.09%	-15.84%	-0.25%
Max Drawdown (3Y) Largest decline over 3 years	-25.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	—	—
Current Drawdown Current decline from peak	-11.29%	-10.73%	-0.56%
Average Drawdown Average peak-to-trough decline	-11.24%	-4.27%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	4.96%	+0.27%

Volatility

IXN vs. SPTE - Volatility Comparison

iShares Global Tech ETF (IXN) and SP Funds S&P Global Technology ETF (SPTE) have volatilities of 10.37% and 10.13%, 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.

Volatility by Period

	IXN	SPTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.37%	10.13%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	23.76%	23.30%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	27.05%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.89%	27.05%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	27.05%	-2.17%

IXN vs. SPTE - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is lower than SPTE's 0.55% expense ratio.

Dividends

IXN vs. SPTE - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.83%, more than SPTE's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPTE SP Funds S&P Global Technology ETF	0.75%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IXN and SPTE in my portfolio?

With a correlation of 0.96, IXN and SPTE 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 is riskier, IXN or SPTE?

IXN has higher volatility (10.37%) compared to SPTE (10.13%). In terms of maximum drawdown, IXN dropped -55.67% vs SPTE's -25.55%.

Which ETF is better, IXN or SPTE?

On 1-year performance, SPTE leads with 46.93% vs 42.54% for IXN. On fees, IXN is cheaper at 0.46% per year. On volatility, SPTE has been the lower-risk option at 10.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IXN or SPTE?

Over the 1-year period, SPTE has performed better with a 46.93% return vs 42.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IXN or SPTE?

IXN is cheaper with a 0.46% expense ratio, compared with 0.55% for SPTE.

Which ETF pays a higher dividend yield, IXN or SPTE?

IXN has the higher dividend yield at 0.83%, compared with 0.75% for SPTE.

What is the main difference between IXN and SPTE?

IXN tracks S&P Global Information Technology Sector Index, while SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index. They also come from different issuers: iShares and SP Funds. Their fees differ too: 0.46% for IXN and 0.55% for SPTE.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (1.65 vs 1.46), 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.