PXQ vs. XLKI

Last updated Aug 2, 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. Over the past year, PXQ returned 63.92% vs 24.59% for XLKI. Their correlation of 0.87 means they have usually moved in the same direction. 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.

Returns By Period

In the year-to-date period, PXQ achieves a 40.12% return, which is significantly higher than XLKI's 10.67% return.

PXQ

• 1D: 0.08%
• 1M: -4.96%
• 6M: 31.73%
• YTD: 40.12%
• 1Y: 63.92%
• 3Y*: 33.13%
• 5Y*: 16.31%
• 10Y*: 18.83%
• ALL TIME*: 13.22%

XLKI

• 1D: 0.01%
• 1M: -1.06%
• 6M: 9.29%
• YTD: 10.67%
• 1Y: 24.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PXQ Invesco Next Gen Connectivity ETF	$741.37K	$822.66K	$837.91K
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$514.98K	$430.22K	$356.64K

PXQ vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
PXQ Invesco Next Gen Connectivity ETF	40.12%	13.86%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	10.67%	10.02%

Correlation

The correlation between PXQ and XLKI is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.87

The correlation between PXQ and XLKI has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.

Return for Risk

PXQ vs. XLKI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PXQ

PXQ Risk / Return Rank: 87
PXQ Sharpe Ratio Rank: 90
PXQ Sortino Ratio Rank: 85
PXQ Omega Ratio Rank: 86
PXQ Calmar Ratio Rank: 85
PXQ Martin Ratio Rank: 88

XLKI

XLKI Risk / Return Rank: 51
XLKI Sharpe Ratio Rank: 46
XLKI Sortino Ratio Rank: 43
XLKI Omega Ratio Rank: 47
XLKI Calmar Ratio Rank: 57
XLKI Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

	PXQ	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.13	+1.13
Sortino ratio: Return per unit of downside risk	2.82	1.61	+1.21
Omega ratio: Gain probability vs. loss probability	1.38	1.22	+0.16
Calmar ratio: Return relative to maximum drawdown	3.31	2.02	+1.29
Martin ratio: Return relative to average drawdown	13.33	7.10	+6.23

PXQ vs. XLKI - Sharpe Ratio Comparison

The current PXQ Sharpe Ratio is 2.27, which is higher than the XLKI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of PXQ and XLKI, 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. XLKI - Drawdown Comparison

The maximum PXQ drawdown since its inception was -57.18%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for PXQ and XLKI.

Drawdown Indicators

	PXQ	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-57.18%	-11.21%	-45.97%
Max Drawdown (1Y) Largest decline over 1 year	-18.91%	-11.21%	-7.70%
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	-14.80%	-6.73%	-8.07%
Average Drawdown Average peak-to-trough decline	-10.73%	-2.16%	-8.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	3.18%	+1.50%

Volatility

PXQ vs. XLKI - Volatility Comparison

Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 11.26% compared to State Street Technology Select Sector SPDR Premium Income ETF (XLKI) at 8.68%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PXQ	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	8.68%	+2.58%
Volatility (6M) Calculated over the trailing 6-month period	24.68%	17.55%	+7.13%
Volatility (1Y) Calculated over the trailing 1-year period	27.67%	19.96%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	19.92%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.55%	19.92%	+3.63%

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 0.68%, less than XLKI's 17.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
PXQ Invesco Next Gen Connectivity ETF	0.68%	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	17.91%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PXQ and XLKI in my portfolio?

PXQ and XLKI have a correlation of 0.87, 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 XLKI?

PXQ has higher volatility (11.26%) compared to XLKI (8.68%). In terms of maximum drawdown, PXQ dropped -57.18% vs XLKI's -11.21%.

Which ETF is better, PXQ or XLKI?

On 1-year performance, PXQ leads with 63.92% vs 24.59% for XLKI. On fees, XLKI is cheaper at 0.35% per year. On volatility, XLKI has been the lower-risk option at 8.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PXQ or XLKI?

Over the 1-year period, PXQ has performed better with a 63.92% return vs 24.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PXQ or XLKI?

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

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

XLKI has the higher dividend yield at 17.91%, compared with 0.68% for PXQ.

What is the main difference between PXQ and XLKI?

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

Which has better risk-adjusted returns?

PXQ currently has the higher Sharpe Ratio (2.27 vs 1.13), 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.