TEC vs. XT

Last updated Jun 3, 2026

TEC (Harbor Transformative Technologies ETF) and XT (iShares Future Exponential Technologies ETF) are both Technology Equities funds. TEC is actively managed, while XT is passively managed. Over the past year, TEC returned 44.57% vs 47.67% for XT. Their correlation of 0.83 suggests significant overlap in exposure. TEC charges 0.69%/yr vs 0.46%/yr for XT.

Performance

TEC vs. XT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Transformative Technologies ETF (TEC) and iShares Future Exponential Technologies ETF (XT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEC achieves a 21.91% return, which is significantly higher than XT's 20.78% return.

TEC

• 1D: 0.32%
• 1M: 13.37%
• YTD: 21.91%
• 6M: 20.13%
• 1Y: 44.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XT

• 1D: 0.59%
• 1M: 9.89%
• YTD: 20.78%
• 6M: 22.09%
• 1Y: 47.67%
• 3Y*: 19.02%
• 5Y*: 8.75%
• 10Y*: 14.75%

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

TEC vs. XT - Yearly Performance Comparison

	2026 (YTD)	2025
TEC Harbor Transformative Technologies ETF	21.91%	44.91%
XT iShares Future Exponential Technologies ETF	20.78%	38.57%

Correlation

The correlation between TEC and XT is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025	0.83

The correlation between TEC and XT has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

TEC vs. XT - Sectors Allocation Comparison

Sectors	TEC	XT
Technology	69.5%	43.5%
Communication Services	13.5%	5.2%
Consumer Cyclical	9.3%	7.9%
Healthcare	4.2%	23.4%
Utilities	1.5%	4.6%
Financial Services	1.1%	3.3%
Industrials	1.0%	10.1%
Basic Materials	-	2.0%
Consumer Defensive	-	0.0%
Energy	-	0.3%
Real Estate	-	0.0%

Return for Risk

TEC vs. XT — Risk / Return Rank

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

TEC

TEC Risk / Return Rank: 57
TEC Sharpe Ratio Rank: 66
TEC Sortino Ratio Rank: 60
TEC Omega Ratio Rank: 60
TEC Calmar Ratio Rank: 51
TEC Martin Ratio Rank: 48

XT

XT Risk / Return Rank: 86
XT Sharpe Ratio Rank: 88
XT Sortino Ratio Rank: 86
XT Omega Ratio Rank: 82
XT Calmar Ratio Rank: 85
XT Martin Ratio Rank: 88

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.

TEC vs. XT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Transformative Technologies ETF (TEC) and iShares Future Exponential Technologies ETF (XT). 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.

	TEC	XT	Difference
Sharpe ratio Return per unit of total volatility	2.23	3.00	-0.77
Sortino ratio Return per unit of downside risk	2.88	3.95	-1.08
Omega ratio Gain probability vs. loss probability	1.38	1.50	-0.13
Calmar ratio Return relative to maximum drawdown	2.61	4.65	-2.04
Martin ratio Return relative to average drawdown	8.11	19.56	-11.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEC vs. XT - Sharpe Ratio Comparison

The current TEC Sharpe Ratio is 2.23, which is comparable to the XT Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of TEC and XT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEC	XT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	3.00	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.18	0.66	+2.53

Drawdowns

TEC vs. XT - Drawdown Comparison

The maximum TEC drawdown since its inception was -17.50%, smaller than the maximum XT drawdown of -34.41%. Use the drawdown chart below to compare losses from any high point for TEC and XT.

Drawdown Indicators

	TEC	XT	Difference
Max Drawdown Largest peak-to-trough decline	-17.50%	-34.41%	+16.91%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-10.45%	-7.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.41%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.47%	-7.41%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.62%	2.49%	+3.13%

Volatility

TEC vs. XT - Volatility Comparison

Harbor Transformative Technologies ETF (TEC) and iShares Future Exponential Technologies ETF (XT) have volatilities of 4.96% and 4.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEC	XT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.79%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	11.97%	+3.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	15.98%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.94%	20.76%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.94%	20.09%	+0.85%

TEC vs. XT - Expense Ratio Comparison

TEC has a 0.69% expense ratio, which is higher than XT's 0.46% expense ratio.

Dividends

TEC vs. XT - Dividend Comparison

TEC has not paid dividends to shareholders, while XT's dividend yield for the trailing twelve months is around 6.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEC Harbor Transformative Technologies ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XT iShares Future Exponential Technologies ETF	6.58%	7.95%	0.66%	0.41%	0.78%	0.84%	0.77%	1.55%	1.40%	0.97%	1.37%	1.34%

Frequently Asked Questions

Can I hold both TEC and XT in my portfolio?

TEC and XT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEC or XT?

TEC has higher volatility (4.96%) compared to XT (4.79%). In terms of maximum drawdown, TEC dropped -17.50% vs XT's -34.41%.

Which ETF is better, TEC or XT?

On 1-year performance, XT leads with 47.67% vs 44.57% for TEC. On fees, XT is cheaper at 0.46% per year. On volatility, XT has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEC or XT?

Over the 1-year period, XT has performed better with a 47.67% return vs 44.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEC or XT?

XT is cheaper with a 0.46% expense ratio, compared with 0.69% for TEC.

Which ETF pays a higher dividend yield, TEC or XT?

XT has the higher dividend yield at 6.58%, compared with 0.00% for TEC.

What is the main difference between TEC and XT?

They also come from different issuers: Harbor and iShares. Their fees differ too: 0.69% for TEC and 0.46% for XT.

Which has better risk-adjusted returns?

XT currently has the higher Sharpe Ratio (3.00 vs 2.23), 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.