IXN vs. SPTE

Last updated Jun 24, 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 59.88% vs 60.97% for SPTE. Their correlation of 0.95 suggests significant overlap in exposure. 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

The year-to-date returns for both investments are quite close, with IXN having a 32.88% return and SPTE slightly higher at 33.89%.

IXN

• 1D: -5.33%
• 1M: 3.10%
• YTD: 32.88%
• 6M: 32.08%
• 1Y: 59.88%
• 3Y*: 32.94%
• 5Y*: 20.94%
• 10Y*: 25.29%

SPTE

• 1D: -4.87%
• 1M: 2.03%
• YTD: 33.89%
• 6M: 34.44%
• 1Y: 60.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IXN vs. SPTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IXN iShares Global Tech ETF	32.88%	25.25%	24.84%	4.34%
SPTE SP Funds S&P Global Technology ETF	33.89%	26.37%	33.28%	5.52%

Correlation

The correlation between IXN and SPTE is 0.95 - 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 (1Y) Calculated over the trailing 1-year period	0.95
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 0.95 - a consistent structural relationship.

IXN vs. SPTE - Sectors Allocation Comparison

Sectors	IXN	SPTE
Technology	99.3%	98.9%
Industrials	0.1%	0.2%
Energy	0.1%	0.1%
Healthcare	0.1%	0.3%
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 risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IXN

IXN Risk / Return Rank: 75
IXN Sharpe Ratio Rank: 78
IXN Sortino Ratio Rank: 66
IXN Omega Ratio Rank: 70
IXN Calmar Ratio Rank: 84
IXN Martin Ratio Rank: 77

SPTE

SPTE Risk / Return Rank: 78
SPTE Sharpe Ratio Rank: 81
SPTE Sortino Ratio Rank: 70
SPTE Omega Ratio Rank: 73
SPTE Calmar Ratio Rank: 84
SPTE Martin Ratio Rank: 81

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.

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	2.39	2.47	-0.08
Sortino ratio: Return per unit of downside risk	2.92	3.02	-0.10
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	4.36	4.44	-0.08
Martin ratio: Return relative to average drawdown	14.06	15.34	-1.28

IXN vs. SPTE - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 2.39, which is comparable to the SPTE Sharpe Ratio of 2.47. 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	-13.80%	-13.80%	0.00%
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	-6.82%	-6.72%	-0.10%
Average Drawdown Average peak-to-trough decline	-11.26%	-4.08%	-7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	3.99%	+0.28%

Volatility

IXN vs. SPTE - Volatility Comparison

iShares Global Tech ETF (IXN) and SP Funds S&P Global Technology ETF (SPTE) have volatilities of 14.03% and 13.37%, 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	14.03%	13.37%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	21.54%	21.12%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	25.21%	24.86%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	26.64%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	26.64%	-1.97%

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 0.79%, more than SPTE's 0.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXN iShares Global Tech ETF	0.79%	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	0.71%	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 0.95, 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 (14.03%) compared to SPTE (13.37%). 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 60.97% vs 59.88% for IXN. On fees, IXN is cheaper at 0.46% per year. On volatility, SPTE has been the lower-risk option at 13.37%. 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 60.97% return vs 59.88%. 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 0.79%, compared with 0.71% 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 (2.47 vs 2.39), 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.