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.
Performance
XITK vs. QLD - Performance Comparison
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XITK vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | -17.84% | 2.53% | 19.12% | 45.87% | -47.45% | -11.24% | 90.22% | 36.98% | 7.60% | 36.01% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Returns By Period
In the year-to-date period, XITK achieves a -17.84% return, which is significantly lower than QLD's -13.35% return. Over the past 10 years, XITK has underperformed QLD with an annualized return of 11.36%, while QLD has yielded a comparatively higher 29.40% annualized return.
XITK
- 1D
- 3.61%
- 1M
- -3.23%
- YTD
- -17.84%
- 6M
- -23.02%
- 1Y
- -8.40%
- 3Y*
- 7.05%
- 5Y*
- -7.30%
- 10Y*
- 11.36%
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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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.
Return for Risk
XITK vs. QLD — Risk / Return Rank
XITK
QLD
XITK vs. QLD - Risk-Adjusted Trends 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.
| XITK | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.29 | 0.84 | -1.13 |
Sortino ratioReturn per unit of downside risk | -0.23 | 1.43 | -1.67 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.20 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.34 | 1.49 | -1.83 |
Martin ratioReturn relative to average drawdown | -0.88 | 4.88 | -5.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XITK | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | 0.84 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.34 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.66 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.53 | -0.13 |
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.
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 0.19%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
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.
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Drawdown Indicators
| XITK | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.56% | -83.13% | +17.57% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -25.13% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -61.53% | -63.68% | +2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -65.56% | -63.68% | -1.88% |
Current DrawdownCurrent decline from peak | -43.98% | -20.10% | -23.88% |
Average DrawdownAverage peak-to-trough decline | -21.91% | -18.30% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.80% | 7.67% | +3.13% |
Volatility
XITK vs. QLD - Volatility Comparison
The current volatility for SPDR FactSet Innovative Technology ETF (XITK) is 9.18%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. 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.
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Volatility by Period
| XITK | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 12.96% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 19.65% | 25.55% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.70% | 44.91% | -16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.43% | 44.77% | -12.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.31% | 44.47% | -15.16% |