PXQ vs. ITEQ

Last updated Jun 23, 2026

PXQ (Invesco Next Gen Connectivity ETF) and ITEQ (BlueStar Israel Technology ETF) are both Technology Equities funds - PXQ tracks the STOXX World AC NexGen Connectivity Index while ITEQ tracks the BlueStar Israel Global Technology Index. Both are passively managed. Over the past 10 years, PXQ returned 21.78%/yr vs 10.97%/yr for ITEQ. A 0.78 correlation means they provide meaningful diversification when combined. PXQ charges 0.40%/yr vs 0.75%/yr for ITEQ.

Performance

PXQ vs. ITEQ - Performance Comparison

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

Returns By Period

In the year-to-date period, PXQ achieves a 62.92% return, which is significantly higher than ITEQ's 12.36% return. Over the past 10 years, PXQ has outperformed ITEQ with an annualized return of 21.78%, while ITEQ has yielded a comparatively lower 10.97% annualized return.

PXQ

• 1D: 1.16%
• 1M: 11.48%
• YTD: 62.92%
• 6M: 64.99%
• 1Y: 101.94%
• 3Y*: 43.56%
• 5Y*: 20.88%
• 10Y*: 21.78%

ITEQ

• 1D: -0.70%
• 1M: -0.99%
• YTD: 12.36%
• 6M: 11.04%
• 1Y: 23.69%
• 3Y*: 13.13%
• 5Y*: -1.11%
• 10Y*: 10.97%

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

PXQ vs. ITEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PXQ Invesco Next Gen Connectivity ETF	62.92%	28.65%	19.41%	27.39%	-29.54%	21.83%	39.14%	26.35%	5.78%	15.41%
ITEQ BlueStar Israel Technology ETF	12.36%	13.71%	11.70%	4.70%	-30.36%	-8.04%	58.96%	37.59%	-0.63%	26.87%

Correlation

The correlation between PXQ and ITEQ is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 3, 2015	0.78

The correlation between PXQ and ITEQ shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

PXQ vs. ITEQ - Sectors Allocation Comparison

Sectors	PXQ	ITEQ
Technology	84.4%	59.0%
Communication Services	11.4%	1.4%
Real Estate	3.2%	-
Industrials	0.8%	17.0%
Financial Services	0.0%	5.4%
Basic Materials	-	-
Consumer Cyclical	-	3.4%
Consumer Defensive	-	-
Energy	-	1.6%
Healthcare	-	2.5%
Utilities	-	9.1%

Return for Risk

PXQ vs. ITEQ — Risk / Return Rank

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

PXQ

PXQ Risk / Return Rank: 96
PXQ Sharpe Ratio Rank: 97
PXQ Sortino Ratio Rank: 95
PXQ Omega Ratio Rank: 95
PXQ Calmar Ratio Rank: 96
PXQ Martin Ratio Rank: 96

ITEQ

ITEQ Risk / Return Rank: 30
ITEQ Sharpe Ratio Rank: 29
ITEQ Sortino Ratio Rank: 28
ITEQ Omega Ratio Rank: 26
ITEQ Calmar Ratio Rank: 37
ITEQ Martin Ratio Rank: 33

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. ITEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and BlueStar Israel Technology ETF (ITEQ). 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	ITEQ	Difference
Sharpe ratio: Return per unit of total volatility	4.18	1.00	+3.19
Sortino ratio: Return per unit of downside risk	4.76	1.47	+3.28
Omega ratio: Gain probability vs. loss probability	1.68	1.17	+0.51
Calmar ratio: Return relative to maximum drawdown	8.34	1.82	+6.52
Martin ratio: Return relative to average drawdown	36.40	4.70	+31.70

PXQ vs. ITEQ - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 4.18, which is higher than the ITEQ Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of PXQ and ITEQ, 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. ITEQ - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, roughly equal to the maximum ITEQ drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for PXQ and ITEQ.

Drawdown Indicators

	PXQ	ITEQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-54.63%	-2.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.30%	-13.07%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-26.78%	+5.38%
Max Drawdown (5Y) Largest decline over 5 years	-34.55%	-50.29%	+15.74%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	-54.63%	+20.08%
Current Drawdown Current decline from peak	-0.93%	-16.75%	+15.82%
Average Drawdown Average peak-to-trough decline	-10.73%	-18.50%	+7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	5.05%	-2.24%

Volatility

PXQ vs. ITEQ - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 14.46% compared to BlueStar Israel Technology ETF (ITEQ) at 10.08%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than ITEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	ITEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	10.08%	+4.38%
Volatility (6M) Calculated over the trailing 6-month period	20.94%	18.76%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	23.86%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.84%	25.19%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	23.52%	-0.22%

PXQ vs. ITEQ - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is lower than ITEQ's 0.75% expense ratio.

Dividends

PXQ vs. ITEQ - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.75%, which matches ITEQ's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ITEQ BlueStar Israel Technology ETF	0.75%	0.85%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PXQ Invesco Next Gen Connectivity ETF	0.59%	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 ITEQ in my portfolio?

PXQ and ITEQ have a correlation of 0.66, 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 ITEQ?

PXQ has higher volatility (14.46%) compared to ITEQ (10.08%). In terms of maximum drawdown, PXQ dropped -57.18% vs ITEQ's -54.63%.

Which ETF is better, PXQ or ITEQ?

On 10-year performance, PXQ leads with 21.78% vs 10.97% for ITEQ. On fees, PXQ is cheaper at 0.40% per year. On volatility, ITEQ has been the lower-risk option at 10.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or ITEQ?

Over the 10-year period, PXQ has performed better with a 21.78% return vs 10.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or ITEQ?

PXQ is cheaper with a 0.40% expense ratio, compared with 0.75% for ITEQ.

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

PXQ and ITEQ have nearly identical dividend yields, around 0.75%.

What is the main difference between PXQ and ITEQ?

PXQ tracks STOXX World AC NexGen Connectivity Index, while ITEQ tracks BlueStar Israel Global Technology Index. They also come from different issuers: Invesco and ETFMG. Their fees differ too: 0.40% for PXQ and 0.75% for ITEQ.

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (4.18 vs 1.00), 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.