PNQI vs. XNTK
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and SPDR NYSE Technology ETF (XNTK).
PNQI and XNTK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. XNTK is a passively managed fund by State Street that tracks the performance of the NYSE Technology Index. It was launched on Sep 25, 2000. Both PNQI and XNTK 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: PNQI or XNTK.
Performance
PNQI vs. XNTK - Performance Comparison
Returns By Period
In the year-to-date period, PNQI achieves a 29.30% return, which is significantly higher than XNTK's 25.56% return. Over the past 10 years, PNQI has underperformed XNTK with an annualized return of 12.99%, while XNTK has yielded a comparatively higher 19.13% annualized return.
PNQI
29.30%
7.34%
17.33%
36.18%
11.62%
12.99%
XNTK
25.56%
2.34%
11.04%
34.90%
22.34%
19.13%
Key characteristics
| PNQI | XNTK | |
|---|---|---|
| Sharpe Ratio | 2.09 | 1.61 |
| Sortino Ratio | 2.73 | 2.14 |
| Omega Ratio | 1.36 | 1.29 |
| Calmar Ratio | 1.03 | 2.10 |
| Martin Ratio | 13.12 | 7.37 |
| Ulcer Index | 2.76% | 4.81% |
| Daily Std Dev | 17.28% | 22.03% |
| Max Drawdown | -59.70% | -76.26% |
| Current Drawdown | -11.07% | -1.17% |
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PNQI vs. XNTK - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than XNTK's 0.35% expense ratio.
Correlation
The correlation between PNQI and XNTK is 0.83, 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.
Risk-Adjusted Performance
PNQI vs. XNTK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) and SPDR NYSE Technology ETF (XNTK). 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
PNQI vs. XNTK - Dividend Comparison
PNQI has not paid dividends to shareholders, while XNTK's dividend yield for the trailing twelve months is around 0.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
XNTK SPDR NYSE Technology ETF | 0.40% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% | 0.87% | 1.05% |
Drawdowns
PNQI vs. XNTK - Drawdown Comparison
The maximum PNQI drawdown since its inception was -59.70%, smaller than the maximum XNTK drawdown of -76.26%. Use the drawdown chart below to compare losses from any high point for PNQI and XNTK. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. XNTK - Volatility Comparison
The current volatility for Invesco NASDAQ Internet ETF (PNQI) is 4.49%, while SPDR NYSE Technology ETF (XNTK) has a volatility of 5.48%. This indicates that PNQI experiences smaller price fluctuations and is considered to be less risky than XNTK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.