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XITK vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XITK vs. QQQ

Last updated Jun 26, 2026

XITK (SPDR FactSet Innovative Technology ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - XITK is a Technology Equities fund tracking the FactSet Innovative Technology Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XITK returned 13.96%/yr vs 22.36%/yr for QQQ. A 0.78 correlation means they provide meaningful diversification when combined. XITK charges 0.45%/yr vs 0.18%/yr for QQQ.

Performance

XITK vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XITK achieves a 1.90% return, which is significantly lower than QQQ's 16.89% return. Over the past 10 years, XITK has underperformed QQQ with an annualized return of 13.96%, while QQQ has yielded a comparatively higher 22.36% annualized return.

XITK

1D
-1.25%
1M
-8.08%
YTD
1.90%
6M
0.34%
1Y
-0.80%
3Y*
13.32%
5Y*
-4.43%
10Y*
13.96%

QQQ

1D
0.81%
1M
-1.80%
YTD
16.89%
6M
15.09%
1Y
33.02%
3Y*
26.78%
5Y*
16.13%
10Y*
22.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XITK vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XITK
SPDR FactSet Innovative Technology ETF		1.90%2.53%19.12%45.87%-47.45%-11.24%90.22%36.98%7.60%36.01%
QQQ
Invesco QQQ ETF		16.89%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between XITK and QQQ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 14, 2016

0.78

The correlation between XITK and QQQ has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.

XITK vs. QQQ - Sectors Allocation Comparison

Sectors
XITK
QQQ

Technology

82.4%
58.7%

Communication Services

10.4%
14.3%

Healthcare

3.1%
3.7%

Industrials

1.6%
2.6%

Financial Services

1.3%
0.2%

Consumer Cyclical

0.8%
11.4%

Real Estate

0.4%
0.1%

Basic Materials

-

1.0%

Consumer Defensive

-

6.4%

Energy

-

0.5%

Utilities

-

1.2%

Technology

XITK
82.4%
QQQ
58.7%

Communication Services

XITK
10.4%
QQQ
14.3%

Healthcare

XITK
3.1%
QQQ
3.7%

Industrials

XITK
1.6%
QQQ
2.6%

Financial Services

XITK
1.3%
QQQ
0.2%

Consumer Cyclical

XITK
0.8%
QQQ
11.4%

Real Estate

XITK
0.4%
QQQ
0.1%

Basic Materials

XITK

-

QQQ
1.0%

Consumer Defensive

XITK

-

QQQ
6.4%

Energy

XITK

-

QQQ
0.5%

Utilities

XITK

-

QQQ
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR FactSet Innovative Technology ETF

Invesco QQQ ETF

Often compared with XITK:
XITK vs. ARKKXITK vs. VGTXITK vs. ARKWXITK vs. WAMVXXITK vs. XNTKXITK vs. SCAPXITK vs. FSCSX
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. SPMO

Return for Risk

XITK vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XITK
XITK Risk / Return Rank: 99
Overall Rank
XITK Sharpe Ratio Rank: 99
Sharpe Ratio Rank
XITK Sortino Ratio Rank: 99
Sortino Ratio Rank
XITK Omega Ratio Rank: 99
Omega Ratio Rank
XITK Calmar Ratio Rank: 99
Calmar Ratio Rank
XITK Martin Ratio Rank: 99
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 6464
Overall Rank
QQQ Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 6161
Sortino Ratio Rank
QQQ Omega Ratio Rank: 6363
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6565
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6565
Martin Ratio Rank
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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and Invesco QQQ ETF (QQQ). 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.

XITKQQQDifference
Sharpe ratioReturn per unit of total volatility
-0.03
1.85

-1.88

Sortino ratioReturn per unit of downside risk
0.15
2.45

-2.30

Omega ratioGain probability vs. loss probability

1.02

1.33

-0.31

Calmar ratioReturn relative to maximum drawdown

-0.03

2.77

-2.80

Martin ratioReturn relative to average drawdown

-0.07

10.21

-10.28

XITK vs. QQQ - Sharpe Ratio Comparison

The current XITK Sharpe Ratio is -0.03, which is lower than the QQQ Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of XITK and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XITK vs. QQQ - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for XITK and QQQ.

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Drawdown Indicators

XITKQQQDifference

Max Drawdown

Largest peak-to-trough decline

-65.56%

-82.97%

+17.41%

Max Drawdown (1Y)

Largest decline over 1 year

-28.03%

-11.96%

-16.07%

Max Drawdown (3Y)

Largest decline over 3 years

-28.18%

-22.77%

-5.41%

Max Drawdown (5Y)

Largest decline over 5 years

-61.53%

-35.12%

-26.41%

Max Drawdown (10Y)

Largest decline over 10 years

-65.56%

-35.12%

-30.44%

Current Drawdown

Current decline from peak

-30.52%

-3.89%

-26.63%

Average Drawdown

Average peak-to-trough decline

-22.10%

-32.72%

+10.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.17%

3.24%

+8.93%

Volatility

XITK vs. QQQ - Volatility Comparison

SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 12.20% compared to Invesco QQQ ETF (QQQ) at 9.02%. This indicates that XITK's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XITKQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.20%

9.02%

+3.18%

Volatility (6M)

Calculated over the trailing 6-month period

23.82%

14.55%

+9.27%

Volatility (1Y)

Calculated over the trailing 1-year period

27.92%

17.91%

+10.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.88%

22.69%

+10.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.71%

22.41%

+7.30%

XITK vs. QQQ - Expense Ratio Comparison

XITK has a 0.45% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

XITK vs. QQQ - Dividend Comparison

XITK has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.42%.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.42%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
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%

Frequently Asked Questions

XITK and QQQ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XITK has higher volatility (12.20%) compared to QQQ (9.02%). In terms of maximum drawdown, XITK dropped -65.56% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 22.36% vs 13.96% for XITK. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 9.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 22.36% return vs 13.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.45% for XITK.

QQQ has the higher dividend yield at 0.42%, compared with 0.00% for XITK.

XITK is categorized as Technology Equities, while QQQ is Nasdaq-100. XITK tracks FactSet Innovative Technology Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.45% for XITK and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (1.85 vs -0.03), 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.

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