XITK vs. SPYG
Compare and contrast key facts about SPDR FactSet Innovative Technology ETF (XITK) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
XITK and SPYG 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both XITK and SPYG 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 SPYG.
Correlation
The correlation between XITK and SPYG is 0.72, 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. SPYG - Performance Comparison
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Key characteristics
XITK:
0.76
SPYG:
0.74
XITK:
1.17
SPYG:
1.16
XITK:
1.15
SPYG:
1.16
XITK:
0.41
SPYG:
0.83
XITK:
2.25
SPYG:
2.79
XITK:
9.00%
SPYG:
6.61%
XITK:
28.55%
SPYG:
25.09%
XITK:
-65.56%
SPYG:
-67.79%
XITK:
-31.63%
SPYG:
-4.05%
Returns By Period
In the year-to-date period, XITK achieves a 2.82% return, which is significantly higher than SPYG's 0.85% return.
XITK
2.82%
18.35%
0.85%
21.61%
16.29%
6.81%
N/A
SPYG
0.85%
15.80%
2.92%
18.35%
18.68%
16.88%
14.67%
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XITK vs. SPYG - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
XITK vs. SPYG — Risk-Adjusted Performance Rank
XITK
SPYG
XITK vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
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Dividends
XITK vs. SPYG - Dividend Comparison
XITK has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.61%.
| 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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.61% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
Drawdowns
XITK vs. SPYG - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, roughly equal to the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for XITK and SPYG. For additional features, visit the drawdowns tool.
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Volatility
XITK vs. SPYG - Volatility Comparison
SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 6.06% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.57%. This indicates that XITK's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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