PXQ vs. GGTL

Last updated Jun 21, 2026

PXQ (Invesco Next Gen Connectivity ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. PXQ is passively managed, while GGTL is actively managed. Over the past 3 years, PXQ returned 41.38%/yr vs 22.42%/yr for GGTL. A 0.77 correlation means they provide meaningful diversification when combined. PXQ charges 0.40%/yr vs 0.90%/yr for GGTL.

Performance

PXQ vs. GGTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (PXQ) and Gabelli Global Technology Leaders ETF (GGTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PXQ achieves a 61.06% return, which is significantly higher than GGTL's 28.39% return.

PXQ

• 1D: 4.27%
• 1M: 10.20%
• YTD: 61.06%
• 6M: 62.76%
• 1Y: 99.63%
• 3Y*: 41.38%
• 5Y*: 21.02%
• 10Y*: 21.23%

GGTL

• 1D: 3.11%
• 1M: 6.35%
• YTD: 28.39%
• 6M: 29.22%
• 1Y: 47.47%
• 3Y*: 22.42%
• 5Y*: —
• 10Y*: —

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

PXQ vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PXQ Invesco Next Gen Connectivity ETF	61.06%	28.65%	19.41%	27.39%	-26.57%
GGTL Gabelli Global Technology Leaders ETF	28.39%	19.78%	11.07%	18.17%	-16.10%

Correlation

The correlation between PXQ and GGTL is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 5, 2022	0.77

The correlation between PXQ and GGTL has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

PXQ vs. GGTL - Sectors Allocation Comparison

Sectors	PXQ	GGTL
Technology	84.4%	55.5%
Communication Services	11.4%	2.9%
Real Estate	3.2%	-
Industrials	0.8%	0.1%
Financial Services	0.0%	-
Basic Materials	-	-
Consumer Cyclical	-	0.9%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

PXQ vs. GGTL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PXQ

PXQ Risk / Return Rank: 95
PXQ Sharpe Ratio Rank: 96
PXQ Sortino Ratio Rank: 93
PXQ Omega Ratio Rank: 94
PXQ Calmar Ratio Rank: 96
PXQ Martin Ratio Rank: 96

GGTL

GGTL Risk / Return Rank: 82
GGTL Sharpe Ratio Rank: 81
GGTL Sortino Ratio Rank: 77
GGTL Omega Ratio Rank: 80
GGTL Calmar Ratio Rank: 89
GGTL Martin Ratio Rank: 86

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.

PXQ vs. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and Gabelli Global Technology Leaders ETF (GGTL). 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.

	PXQ	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	3.84	2.48	+1.36
Sortino ratio: Return per unit of downside risk	4.44	3.27	+1.17
Omega ratio: Gain probability vs. loss probability	1.63	1.45	+0.18
Calmar ratio: Return relative to maximum drawdown	7.71	5.08	+2.62
Martin ratio: Return relative to average drawdown	33.66	17.43	+16.23

PXQ vs. GGTL - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 3.84, which is higher than the GGTL Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of PXQ and GGTL, 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

PXQ vs. GGTL - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for PXQ and GGTL.

Drawdown Indicators

	PXQ	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-23.65%	-33.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.30%	-9.20%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-21.46%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-2.07%	-0.46%	-1.61%
Average Drawdown Average peak-to-trough decline	-10.73%	-7.41%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.68%	+0.13%

Volatility

PXQ vs. GGTL - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 14.54% compared to Gabelli Global Technology Leaders ETF (GGTL) at 9.99%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than GGTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.54%	9.99%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	21.04%	16.14%	+4.90%
Volatility (1Y) Calculated over the trailing 1-year period	24.66%	18.85%	+5.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.83%	18.06%	+5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.29%	18.06%	+5.23%

PXQ vs. GGTL - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

PXQ vs. GGTL - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.58%, less than GGTL's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GGTL Gabelli Global Technology Leaders ETF	0.81%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXQ Invesco Next Gen Connectivity ETF	0.58%	0.86%	1.38%	0.60%	2.24%	0.55%	0.18%	0.44%	1.22%	0.66%	0.44%

Frequently Asked Questions

Can I hold both PXQ and GGTL in my portfolio?

PXQ and GGTL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PXQ or GGTL?

PXQ has higher volatility (14.54%) compared to GGTL (9.99%). In terms of maximum drawdown, PXQ dropped -57.18% vs GGTL's -23.65%.

Which ETF is better, PXQ or GGTL?

On 3-year performance, PXQ leads with 41.38% vs 22.42% for GGTL. On fees, PXQ is cheaper at 0.40% per year. On volatility, GGTL has been the lower-risk option at 9.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or GGTL?

Over the 3-year period, PXQ has performed better with a 41.38% return vs 22.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or GGTL?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.90% for GGTL.

Which ETF pays a higher dividend yield, PXQ or GGTL?

GGTL has the higher dividend yield at 0.81%, compared with 0.58% for PXQ.

What is the main difference between PXQ and GGTL?

They also come from different issuers: Invesco and Gabelli. Their fees differ too: 0.40% for PXQ and 0.90% for GGTL.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (3.84 vs 2.48), 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.