TRFM vs. GTEK

Last updated Jul 15, 2026

TRFM (AAM Transformers ETF) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. TRFM is passively managed, while GTEK is actively managed. Over the past 3 years, TRFM returned 26.75%/yr vs 30.01%/yr for GTEK. Their correlation of 0.94 suggests significant overlap in exposure. TRFM charges 0.49%/yr vs 0.75%/yr for GTEK.

Performance

TRFM vs. GTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Transformers ETF (TRFM) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRFM achieves a 26.90% return, which is significantly lower than GTEK's 43.93% return.

TRFM

• 1D: 1.17%
• 1M: 1.21%
• 6M: 20.00%
• YTD: 26.90%
• 1Y: 40.89%
• 3Y*: 26.75%
• 5Y*: —
• 10Y*: —

GTEK

• 1D: 1.30%
• 1M: -2.07%
• 6M: 37.67%
• YTD: 43.93%
• 1Y: 61.00%
• 3Y*: 30.01%
• 5Y*: —
• 10Y*: —

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

TRFM vs. GTEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TRFM AAM Transformers ETF	26.90%	25.76%	19.96%	44.71%	-9.92%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	43.93%	23.68%	15.94%	33.58%	-10.20%

Correlation

The correlation between TRFM and GTEK is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 12, 2022	0.94

The correlation between TRFM and GTEK has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

TRFM vs. GTEK - Sectors Allocation Comparison

Sectors	TRFM	GTEK
Technology	55.5%	74.5%
Industrials	22.3%	8.1%
Utilities	8.3%	-
Consumer Cyclical	6.8%	4.9%
Communication Services	5.9%	3.7%
Energy	3.5%	-
Basic Materials	1.2%	3.4%
Financial Services	1.0%	1.2%
Healthcare	0.2%	1.1%
Consumer Defensive	0.1%	-
Real Estate	-	2.3%

Return for Risk

TRFM vs. GTEK — Risk / Return Rank

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

TRFM

TRFM Risk / Return Rank: 64
TRFM Sharpe Ratio Rank: 63
TRFM Sortino Ratio Rank: 56
TRFM Omega Ratio Rank: 55
TRFM Calmar Ratio Rank: 77
TRFM Martin Ratio Rank: 69

GTEK

GTEK Risk / Return Rank: 82
GTEK Sharpe Ratio Rank: 82
GTEK Sortino Ratio Rank: 73
GTEK Omega Ratio Rank: 73
GTEK Calmar Ratio Rank: 94
GTEK Martin Ratio Rank: 90

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.

TRFM vs. GTEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Transformers ETF (TRFM) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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.

	TRFM	GTEK	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.06	-0.41
Sortino ratio: Return per unit of downside risk	2.17	2.61	-0.43
Omega ratio: Gain probability vs. loss probability	1.28	1.34	-0.06
Calmar ratio: Return relative to maximum drawdown	3.16	5.51	-2.34
Martin ratio: Return relative to average drawdown	10.05	16.03	-5.98

TRFM vs. GTEK - Sharpe Ratio Comparison

The current TRFM Sharpe Ratio is 1.65, which is comparable to the GTEK Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of TRFM and GTEK, 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

TRFM vs. GTEK - Drawdown Comparison

The maximum TRFM drawdown since its inception was -28.40%, smaller than the maximum GTEK drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for TRFM and GTEK.

Drawdown Indicators

	TRFM	GTEK	Difference
Max Drawdown Largest peak-to-trough decline	-28.40%	-53.77%	+25.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-11.13%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-28.40%	-27.49%	-0.91%
Current Drawdown Current decline from peak	-4.27%	-8.53%	+4.26%
Average Drawdown Average peak-to-trough decline	-6.54%	-26.98%	+20.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	3.82%	+0.26%

Volatility

TRFM vs. GTEK - Volatility Comparison

The current volatility for AAM Transformers ETF (TRFM) is 8.77%, while Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a volatility of 11.82%. This indicates that TRFM experiences smaller price fluctuations and is considered to be less risky than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRFM	GTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	11.82%	-3.05%
Volatility (6M) Calculated over the trailing 6-month period	20.26%	26.11%	-5.85%
Volatility (1Y) Calculated over the trailing 1-year period	24.90%	29.70%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.27%	28.82%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.27%	28.82%	-1.55%

TRFM vs. GTEK - Expense Ratio Comparison

TRFM has a 0.49% expense ratio, which is lower than GTEK's 0.75% expense ratio.

Dividends

TRFM vs. GTEK - Dividend Comparison

TRFM's dividend yield for the trailing twelve months is around 0.13%, while GTEK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%
TRFM AAM Transformers ETF	0.13%	0.17%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRFM and GTEK in my portfolio?

With a correlation of 0.93, TRFM and GTEK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TRFM or GTEK?

GTEK has higher volatility (11.82%) compared to TRFM (8.77%). In terms of maximum drawdown, TRFM dropped -28.40% vs GTEK's -53.77%.

Which ETF is better, TRFM or GTEK?

On 3-year performance, GTEK leads with 30.01% vs 26.75% for TRFM. On fees, TRFM is cheaper at 0.49% per year. On volatility, TRFM has been the lower-risk option at 8.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRFM or GTEK?

Over the 3-year period, GTEK has performed better with a 30.01% return vs 26.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRFM or GTEK?

TRFM is cheaper with a 0.49% expense ratio, compared with 0.75% for GTEK.

Which ETF pays a higher dividend yield, TRFM or GTEK?

TRFM has the higher dividend yield at 0.13%, compared with 0.00% for GTEK.

What is the main difference between TRFM and GTEK?

They also come from different issuers: AAM and Goldman Sachs. Their fees differ too: 0.49% for TRFM and 0.75% for GTEK.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (2.06 vs 1.65), 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.