PPI vs. IXN
PPI (Astoria Real Assets ETF) and IXN (iShares Global Tech ETF) are both exchange-traded funds - PPI is a Global Allocation fund actively managed by AXS, while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. PPI is actively managed, while IXN is passively managed. Over the past 3 years, PPI returned 21.33%/yr vs 32.94%/yr for IXN. A 0.59 correlation means they provide meaningful diversification when combined. PPI charges 0.58%/yr vs 0.46%/yr for IXN.
Performance
PPI vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, PPI achieves a 15.09% return, which is significantly lower than IXN's 32.88% return.
PPI
- 1D
- -1.62%
- 1M
- -1.89%
- YTD
- 15.09%
- 6M
- 13.39%
- 1Y
- 35.02%
- 3Y*
- 21.33%
- 5Y*
- —
- 10Y*
- —
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%
PPI vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PPI Astoria Real Assets ETF | 15.09% | 30.05% | 6.43% | 11.33% | 4.04% | 0.03% |
IXN iShares Global Tech ETF | 32.88% | 25.25% | 24.84% | 52.98% | -29.86% | -1.05% |
Correlation
The correlation between PPI and IXN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2021 | 0.59 |
The correlation between PPI and IXN has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
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Return for Risk
PPI vs. IXN — Risk / Return Rank
PPI
IXN
PPI vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astoria Real Assets ETF (PPI) and iShares Global Tech ETF (IXN). 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.
| PPI | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 4.36 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.26 | 14.06 | -0.80 |
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Drawdowns
PPI vs. IXN - Drawdown Comparison
The maximum PPI drawdown since its inception was -24.54%, smaller than the maximum IXN drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for PPI and IXN.
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Drawdown Indicators
| PPI | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.54% | -55.67% | +31.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.98% | -13.80% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | -25.55% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.30% | — |
Current DrawdownCurrent decline from peak | -4.45% | -6.82% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -11.26% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 4.27% | -1.62% |
Volatility
PPI vs. IXN - Volatility Comparison
The current volatility for Astoria Real Assets ETF (PPI) is 5.01%, while iShares Global Tech ETF (IXN) has a volatility of 14.03%. This indicates that PPI experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPI | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 14.03% | -9.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.01% | 21.54% | -8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 25.21% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.04% | 25.45% | -6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 24.67% | -5.63% |
PPI vs. IXN - Expense Ratio Comparison
PPI has a 0.58% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
PPI vs. IXN - Dividend Comparison
PPI's dividend yield for the trailing twelve months is around 1.02%, more than IXN's 0.79% 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% |
PPI Astoria Real Assets ETF | 1.02% | 1.06% | 0.60% | 2.87% | 2.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPI and IXN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IXN has higher volatility (14.03%) compared to PPI (5.01%). In terms of maximum drawdown, PPI dropped -24.54% vs IXN's -55.67%.
On 3-year performance, IXN leads with 32.94% vs 21.33% for PPI. On fees, IXN is cheaper at 0.46% per year. On volatility, PPI has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IXN has performed better with a 32.94% return vs 21.33%. 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 0.58% for PPI.
PPI has the higher dividend yield at 1.02%, compared with 0.79% for IXN.
PPI is categorized as Global Allocation, while IXN is Technology Equities. They also come from different issuers: AXS and iShares. Their fees differ too: 0.58% for PPI and 0.46% for IXN.
IXN currently has the higher Sharpe Ratio (2.39 vs 2.17), 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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