XITK vs. KROP

Last updated Jul 17, 2026

XITK (SPDR FactSet Innovative Technology ETF) and KROP (Global X AgTech & Food Innovation ETF) are both Technology Equities funds - XITK tracks the FactSet Innovative Technology Index while KROP tracks the Solactive AgTech & Food Innovation Index. Both are passively managed. Over the past 5 years, XITK returned -3.10%/yr vs -11.96%/yr for KROP. A 0.52 correlation means they provide meaningful diversification when combined. XITK charges 0.45%/yr vs 0.50%/yr for KROP.

Performance

XITK vs. KROP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) and Global X AgTech & Food Innovation ETF (KROP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XITK achieves a 2.43% return, which is significantly lower than KROP's 15.84% return.

XITK

• 1D: -2.62%
• 1M: -5.67%
• 6M: 2.27%
• YTD: 2.43%
• 1Y: -1.66%
• 3Y*: 8.89%
• 5Y*: -3.10%
• 10Y*: 12.77%

KROP

• 1D: -0.00%
• 1M: 2.41%
• 6M: 6.22%
• YTD: 15.84%
• 1Y: 12.01%
• 3Y*: -0.99%
• 5Y*: -11.96%
• 10Y*: —

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

XITK vs. KROP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XITK SPDR FactSet Innovative Technology ETF	2.43%	2.53%	19.12%	45.87%	-47.45%	-14.28%
KROP Global X AgTech & Food Innovation ETF	15.84%	7.95%	-8.74%	-23.86%	-27.23%	-19.99%

Correlation

The correlation between XITK and KROP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.52

Over the past year, the correlation between XITK and KROP has dropped to 0.18 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

XITK vs. KROP - Sectors Allocation Comparison

Sectors	XITK	KROP
Technology	82.4%	-
Communication Services	10.4%	-
Healthcare	3.1%	0.3%
Industrials	1.6%	40.4%
Financial Services	1.3%	-
Consumer Cyclical	0.8%	0.3%
Real Estate	0.4%	-
Basic Materials	-	32.0%
Consumer Defensive	-	27.1%
Energy	-	-
Utilities	-	-

Return for Risk

XITK vs. KROP — Risk / Return Rank

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

XITK

XITK Risk / Return Rank: 9
XITK Sharpe Ratio Rank: 9
XITK Sortino Ratio Rank: 9
XITK Omega Ratio Rank: 9
XITK Calmar Ratio Rank: 9
XITK Martin Ratio Rank: 9

KROP

KROP Risk / Return Rank: 25
KROP Sharpe Ratio Rank: 25
KROP Sortino Ratio Rank: 25
KROP Omega Ratio Rank: 24
KROP Calmar Ratio Rank: 27
KROP Martin Ratio Rank: 23

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.

XITK vs. KROP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and Global X AgTech & Food Innovation ETF (KROP). 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.

	XITK	KROP	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.74	-0.80
Sortino ratio: Return per unit of downside risk	0.12	1.15	-1.03
Omega ratio: Gain probability vs. loss probability	1.01	1.14	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.06	1.07	-1.13
Martin ratio: Return relative to average drawdown	-0.13	2.25	-2.38

XITK vs. KROP - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is -0.06, which is lower than the KROP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of XITK and KROP, 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

XITK vs. KROP - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, which is greater than KROP's maximum drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for XITK and KROP.

Drawdown Indicators

	XITK	KROP	Difference
Max Drawdown Largest peak-to-trough decline	-65.56%	-62.08%	-3.48%
Max Drawdown (1Y) Largest decline over 1 year	-28.03%	-11.29%	-16.74%
Max Drawdown (3Y) Largest decline over 3 years	-28.18%	-28.70%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-61.53%	-61.96%	+0.43%
Max Drawdown (10Y) Largest decline over 10 years	-65.56%	—	—
Current Drawdown Current decline from peak	-30.16%	-49.41%	+19.25%
Average Drawdown Average peak-to-trough decline	-22.13%	-44.77%	+22.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.36%	5.35%	+7.01%

Volatility

XITK vs. KROP - Volatility Comparison

SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 9.66% compared to Global X AgTech & Food Innovation ETF (KROP) at 3.40%. This indicates that XITK's price experiences larger fluctuations and is considered to be riskier than KROP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XITK	KROP	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.66%	3.40%	+6.26%
Volatility (6M) Calculated over the trailing 6-month period	24.80%	12.38%	+12.42%
Volatility (1Y) Calculated over the trailing 1-year period	28.67%	16.27%	+12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.03%	22.14%	+10.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.66%	22.14%	+7.52%

XITK vs. KROP - Expense Ratio Comparison

XITK has a 0.45% expense ratio, which is lower than KROP's 0.50% expense ratio.

Dividends

XITK vs. KROP - Dividend Comparison

XITK has not paid dividends to shareholders, while KROP's dividend yield for the trailing twelve months is around 2.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KROP Global X AgTech & Food Innovation ETF	2.13%	2.73%	1.89%	1.36%	0.71%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%
XITK SPDR FactSet Innovative Technology ETF	0.00%	0.00%	0.00%	0.08%	0.11%	0.00%	0.06%	0.14%	1.50%	1.74%	1.88%

Frequently Asked Questions

Can I hold both XITK and KROP in my portfolio?

XITK and KROP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XITK or KROP?

XITK has higher volatility (9.66%) compared to KROP (3.40%). In terms of maximum drawdown, XITK dropped -65.56% vs KROP's -62.08%.

Which ETF is better, XITK or KROP?

On 5-year performance, XITK leads with -3.10% vs -11.96% for KROP. On fees, XITK is cheaper at 0.45% per year. On volatility, KROP has been the lower-risk option at 3.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XITK or KROP?

Over the 5-year period, XITK has performed better with a -3.10% return vs -11.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XITK or KROP?

XITK is cheaper with a 0.45% expense ratio, compared with 0.50% for KROP.

Which ETF pays a higher dividend yield, XITK or KROP?

KROP has the higher dividend yield at 2.13%, compared with 0.00% for XITK.

What is the main difference between XITK and KROP?

XITK tracks FactSet Innovative Technology Index, while KROP tracks Solactive AgTech & Food Innovation Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.45% for XITK and 0.50% for KROP.

Which has better risk-adjusted returns?

KROP currently has the higher Sharpe Ratio (0.74 vs -0.06), 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.