XLK vs. GXPT

Last updated Jun 5, 2026

XLK (State Street Technology Select Sector SPDR ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. XLK charges 0.08%/yr vs 0.15%/yr for GXPT.

Performance

XLK vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLK achieves a 34.34% return, which is significantly higher than GXPT's 24.23% return.

XLK

• 1D: -1.56%
• 1M: 16.63%
• YTD: 34.34%
• 6M: 33.10%
• 1Y: 64.08%
• 3Y*: 33.46%
• 5Y*: 23.44%
• 10Y*: 25.62%

GXPT

• 1D: -1.39%
• 1M: 13.76%
• YTD: 24.23%
• 6M: 22.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLK vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
XLK State Street Technology Select Sector SPDR ETF	34.34%	10.93%
GXPT Global X PureCap MSCI Information Technology ETF	24.23%	10.78%

Correlation

The correlation between XLK and GXPT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.97

Return for Risk

XLK vs. GXPT — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 82
XLK Sharpe Ratio Rank: 90
XLK Sortino Ratio Rank: 85
XLK Omega Ratio Rank: 83
XLK Calmar Ratio Rank: 79
XLK Martin Ratio Rank: 73

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.

XLK vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Global X PureCap MSCI Information Technology ETF (GXPT). 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.

	XLK	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	3.09	—	—
Sortino ratio: Return per unit of downside risk	3.77	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	4.04	—	—
Martin ratio: Return relative to average drawdown	13.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XLK	GXPT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	2.11	-1.69

Drawdowns

XLK vs. GXPT - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for XLK and GXPT.

Drawdown Indicators

	XLK	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-82.05%	-18.74%	-63.31%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.56%	—	—
Current Drawdown Current decline from peak	-2.54%	-2.96%	+0.42%
Average Drawdown Average peak-to-trough decline	-34.95%	-4.92%	-30.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.74%	—	—

Volatility

Volatility by Period

	XLK	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	21.23%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.90%	21.23%	+3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	21.23%	+3.26%

XLK vs. GXPT - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than GXPT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLK vs. GXPT - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.40%, more than GXPT's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPT Global X PureCap MSCI Information Technology ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.40%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both XLK and GXPT in my portfolio?

With a correlation of 0.97, XLK and GXPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XLK or GXPT?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLK or GXPT?

XLK is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPT.

Which ETF pays a higher dividend yield, XLK or GXPT?

XLK has the higher dividend yield at 0.40%, compared with 0.11% for GXPT.

What is the main difference between XLK and GXPT?

XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.08% for XLK and 0.15% for GXPT.