SPTE vs. GINN

Last updated Jun 24, 2026

SPTE (SP Funds S&P Global Technology ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds - SPTE tracks the S&P Global 1200 Shariah Information Technology Capped Index while GINN tracks the Solactive Innovative Global Equity Index. Both are passively managed. Over the past year, SPTE returned 60.97% vs 20.17% for GINN. Their correlation of 0.80 suggests significant overlap in exposure. SPTE charges 0.55%/yr vs 0.50%/yr for GINN.

Performance

SPTE vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPTE achieves a 33.89% return, which is significantly higher than GINN's 5.00% return.

SPTE

• 1D: -4.87%
• 1M: 2.03%
• YTD: 33.89%
• 6M: 34.44%
• 1Y: 60.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GINN

• 1D: -1.06%
• 1M: -1.95%
• YTD: 5.00%
• 6M: 3.65%
• 1Y: 20.17%
• 3Y*: 18.28%
• 5Y*: 5.45%
• 10Y*: —

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

SPTE vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	33.89%	26.37%	33.28%	5.52%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	5.00%	20.25%	18.71%	7.66%

Correlation

The correlation between SPTE and GINN is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.80

The correlation between SPTE and GINN has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

SPTE vs. GINN - Sectors Allocation Comparison

Sectors	SPTE	GINN
Technology	98.9%	32.6%
Healthcare	0.3%	20.6%
Industrials	0.2%	4.7%
Energy	0.1%	1.7%
Basic Materials	-	0.1%
Communication Services	-	10.7%
Consumer Cyclical	-	12.7%
Consumer Defensive	-	1.8%
Financial Services	-	12.4%
Real Estate	-	0.6%
Utilities	-	1.7%

Return for Risk

SPTE vs. GINN — Risk / Return Rank

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

SPTE

SPTE Risk / Return Rank: 78
SPTE Sharpe Ratio Rank: 81
SPTE Sortino Ratio Rank: 70
SPTE Omega Ratio Rank: 73
SPTE Calmar Ratio Rank: 84
SPTE Martin Ratio Rank: 81

GINN

GINN Risk / Return Rank: 35
GINN Sharpe Ratio Rank: 36
GINN Sortino Ratio Rank: 35
GINN Omega Ratio Rank: 34
GINN Calmar Ratio Rank: 33
GINN Martin Ratio Rank: 37

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.

SPTE vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.

	SPTE	GINN	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.22	+1.24
Sortino ratio: Return per unit of downside risk	3.02	1.75	+1.28
Omega ratio: Gain probability vs. loss probability	1.41	1.22	+0.19
Calmar ratio: Return relative to maximum drawdown	4.44	1.54	+2.90
Martin ratio: Return relative to average drawdown	15.34	5.39	+9.95

SPTE vs. GINN - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 2.47, which is higher than the GINN Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SPTE and GINN, 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

SPTE vs. GINN - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, smaller than the maximum GINN drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for SPTE and GINN.

Drawdown Indicators

	SPTE	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-41.25%	+15.70%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-13.18%	-0.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.25%	—
Current Drawdown Current decline from peak	-6.72%	-4.93%	-1.79%
Average Drawdown Average peak-to-trough decline	-4.08%	-13.28%	+9.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	3.75%	+0.24%

Volatility

SPTE vs. GINN - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 13.37% compared to Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) at 5.81%. This indicates that SPTE's price experiences larger fluctuations and is considered to be riskier than GINN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTE	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.37%	5.81%	+7.56%
Volatility (6M) Calculated over the trailing 6-month period	21.12%	12.92%	+8.20%
Volatility (1Y) Calculated over the trailing 1-year period	24.86%	16.57%	+8.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.64%	21.44%	+5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	21.07%	+5.57%

SPTE vs. GINN - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is higher than GINN's 0.50% expense ratio.

Dividends

SPTE vs. GINN - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.71%, less than GINN's 1.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.20%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%
SPTE SP Funds S&P Global Technology ETF	0.71%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPTE and GINN in my portfolio?

SPTE and GINN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTE or GINN?

SPTE has higher volatility (13.37%) compared to GINN (5.81%). In terms of maximum drawdown, SPTE dropped -25.55% vs GINN's -41.25%.

Which ETF is better, SPTE or GINN?

On 1-year performance, SPTE leads with 60.97% vs 20.17% for GINN. On fees, GINN is cheaper at 0.50% per year. On volatility, GINN has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTE or GINN?

Over the 1-year period, SPTE has performed better with a 60.97% return vs 20.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or GINN?

GINN is cheaper with a 0.50% expense ratio, compared with 0.55% for SPTE.

Which ETF pays a higher dividend yield, SPTE or GINN?

GINN has the higher dividend yield at 1.20%, compared with 0.71% for SPTE.

What is the main difference between SPTE and GINN?

SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: SP Funds and Goldman Sachs. Their fees differ too: 0.55% for SPTE and 0.50% for GINN.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (2.47 vs 1.22), 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.