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PXQ vs. XLKI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PXQ vs. XLKI

Last updated Jun 24, 2026

PXQ (Invesco Next Gen Connectivity ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. PXQ is passively managed, while XLKI is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. PXQ charges 0.40%/yr vs 0.35%/yr for XLKI.

Performance

PXQ vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Connectivity ETF (PXQ) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PXQ achieves a 54.15% return, which is significantly higher than XLKI's 13.50% return.

PXQ

1D
-5.38%
1M
5.48%
YTD
54.15%
6M
54.94%
1Y
84.85%
3Y*
40.93%
5Y*
19.32%
10Y*
21.11%

XLKI

1D
-2.85%
1M
-1.72%
YTD
13.50%
6M
13.18%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PXQ vs. XLKI - Yearly Performance Comparison

2026 (YTD)2025
PXQ
Invesco Next Gen Connectivity ETF		54.15%13.86%
XLKI
State Street Technology Select Sector SPDR Premium Income ETF		13.50%10.02%

Correlation

The correlation between PXQ and XLKI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

0.86

PXQ vs. XLKI - Sectors Allocation Comparison

Sectors
PXQ
XLKI

Technology

84.4%
99.0%

Communication Services

11.4%
1.0%

Real Estate

3.2%

-

Industrials

0.8%

-

Financial Services

0.0%
106.8%

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Utilities

-

-

Technology

PXQ
84.4%
XLKI
99.0%

Communication Services

PXQ
11.4%
XLKI
1.0%

Real Estate

PXQ
3.2%
XLKI

-

Industrials

PXQ
0.8%
XLKI

-

Financial Services

PXQ
0.0%
XLKI
106.8%

Basic Materials

PXQ

-

XLKI

-

Consumer Cyclical

PXQ

-

XLKI

-

Consumer Defensive

PXQ

-

XLKI

-

Energy

PXQ

-

XLKI

-

Healthcare

PXQ

-

XLKI

-

Utilities

PXQ

-

XLKI

-

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Invesco Next Gen Connectivity ETF

State Street Technology Select Sector SPDR Premium Income ETF

Often compared with PXQ:
PXQ vs. SOXXPXQ vs. VGTPXQ vs. FDNPXQ vs. SOXQPXQ vs. BAIPXQ vs. TEKYPXQ vs. XLK
Often compared with XLKI:
XLKI vs. XLKXLKI vs. RSPTXLKI vs. QQQXLKI vs. KQQQXLKI vs. ASMHXLKI vs. ARMHXLKI vs. MAGS

Return for Risk

PXQ vs. XLKI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PXQ
PXQ Risk / Return Rank: 9393
Overall Rank
PXQ Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
PXQ Sortino Ratio Rank: 9090
Sortino Ratio Rank
PXQ Omega Ratio Rank: 9292
Omega Ratio Rank
PXQ Calmar Ratio Rank: 9595
Calmar Ratio Rank
PXQ Martin Ratio Rank: 9595
Martin Ratio Rank
XLKI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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.

PXQXLKIDifference
Sharpe ratioReturn per unit of total volatility
3.42

—

—

Sortino ratioReturn per unit of downside risk
3.96

—

—

Omega ratioGain probability vs. loss probability

1.57

—

—

Calmar ratioReturn relative to maximum drawdown

6.94

—

—

Martin ratioReturn relative to average drawdown

30.00

—

—

PXQ vs. XLKI - Sharpe Ratio Comparison

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Drawdowns

PXQ vs. XLKI - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, which is greater than XLKI's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for PXQ and XLKI.

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Drawdown Indicators

PXQXLKIDifference

Max Drawdown

Largest peak-to-trough decline

-57.18%

-10.24%

-46.94%

Max Drawdown (1Y)

Largest decline over 1 year

-12.30%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-21.40%

—

—

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

-6.27%

-4.34%

-1.93%

Average Drawdown

Average peak-to-trough decline

-10.73%

-1.76%

-8.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

—

—

Volatility

PXQ vs. XLKI - Volatility Comparison

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Volatility by Period

PXQXLKIDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.64%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

21.75%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

25.15%

18.48%

+6.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.96%

18.48%

+5.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.33%

18.48%

+4.85%

PXQ vs. XLKI - Expense Ratio Comparison

PXQ has a 0.40% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

PXQ vs. XLKI - Dividend Comparison

PXQ's dividend yield for the trailing twelve months is around 0.62%, less than XLKI's 14.74% yield.

PositionTTM2025202420232022202120202019201820172016
PXQ
Invesco Next Gen Connectivity ETF		0.62%0.86%1.38%0.60%2.24%0.55%0.18%0.44%1.22%0.66%0.44%
XLKI
State Street Technology Select Sector SPDR Premium Income ETF		14.74%8.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PXQ and XLKI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLKI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLKI is cheaper with a 0.35% expense ratio, compared with 0.40% for PXQ.

XLKI has the higher dividend yield at 14.74%, compared with 0.62% for PXQ.

They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for PXQ and 0.35% for XLKI.

Portfolio Optimizer

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