QTJL vs. XLK
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - July (QTJL) and Technology Select Sector SPDR Fund (XLK).
QTJL and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTJL or XLK.
Correlation
The correlation between QTJL and XLK is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QTJL vs. XLK - Performance Comparison
Key characteristics
QTJL:
1.48
XLK:
1.13
QTJL:
1.97
XLK:
1.58
QTJL:
1.32
XLK:
1.21
QTJL:
1.64
XLK:
1.48
QTJL:
7.51
XLK:
5.07
QTJL:
2.40%
XLK:
4.94%
QTJL:
12.23%
XLK:
22.08%
QTJL:
-33.40%
XLK:
-82.05%
QTJL:
-1.90%
XLK:
-2.27%
Returns By Period
In the year-to-date period, QTJL achieves a 16.72% return, which is significantly lower than XLK's 23.23% return.
QTJL
16.72%
1.95%
8.15%
17.42%
N/A
N/A
XLK
23.23%
1.06%
3.67%
23.50%
22.06%
20.32%
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QTJL vs. XLK - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
QTJL vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Technology Select Sector SPDR Fund (XLK). 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.
Dividends
QTJL vs. XLK - Dividend Comparison
QTJL has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.48% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
QTJL vs. XLK - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for QTJL and XLK. For additional features, visit the drawdowns tool.
Volatility
QTJL vs. XLK - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 2.87%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 5.40%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.