XITK vs. QLD
Compare and contrast key facts about SPDR FactSet Innovative Technology ETF (XITK) and ProShares Ultra QQQ (QLD).
XITK and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XITK is a passively managed fund by State Street that tracks the performance of the FactSet Innovative Technology Index. It was launched on Jan 13, 2016. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both XITK and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XITK or QLD.
Correlation
The correlation between XITK and QLD is 0.78, 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
XITK vs. QLD - Performance Comparison
Key characteristics
XITK:
1.09
QLD:
0.91
XITK:
1.56
QLD:
1.35
XITK:
1.19
QLD:
1.18
XITK:
0.51
QLD:
1.27
XITK:
4.46
QLD:
3.98
XITK:
5.66%
QLD:
8.39%
XITK:
23.35%
QLD:
36.97%
XITK:
-65.56%
QLD:
-83.13%
XITK:
-29.82%
QLD:
-9.59%
Returns By Period
In the year-to-date period, XITK achieves a 5.54% return, which is significantly higher than QLD's 0.39% return.
XITK
5.54%
3.86%
24.46%
25.37%
8.80%
N/A
QLD
0.39%
-3.98%
17.32%
34.77%
27.26%
29.94%
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XITK vs. QLD - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is lower than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
XITK vs. QLD — Risk-Adjusted Performance Rank
XITK
QLD
XITK vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and ProShares Ultra QQQ (QLD). 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
XITK vs. QLD - Dividend Comparison
XITK has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.25%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.25% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
XITK vs. QLD - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for XITK and QLD. For additional features, visit the drawdowns tool.
Volatility
XITK vs. QLD - Volatility Comparison
The current volatility for SPDR FactSet Innovative Technology ETF (XITK) is 6.55%, while ProShares Ultra QQQ (QLD) has a volatility of 12.24%. This indicates that XITK experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.