XLK vs. GXPT
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
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Returns By Period
In the year-to-date period, XLK achieves a 28.51% return, which is significantly higher than GXPT's 15.58% return.
XLK
- 1D
- 0.83%
- 1M
- -0.19%
- YTD
- 28.51%
- 6M
- 26.47%
- 1Y
- 48.82%
- 3Y*
- 31.01%
- 5Y*
- 21.42%
- 10Y*
- 25.76%
GXPT
- 1D
- -0.38%
- 1M
- -3.58%
- YTD
- 15.58%
- 6M
- 14.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK vs. GXPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.51% | 11.57% |
GXPT Global X PureCap MSCI Information Technology ETF | 15.58% | 11.47% |
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 23, 2025 | 0.97 |
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Return for Risk
XLK vs. GXPT — Risk / Return Rank
XLK
GXPT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| XLK | GXPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | — | — |
| Martin ratioReturn relative to average drawdown | 9.75 | — | — |
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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.
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Drawdown Indicators
| XLK | GXPT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -6.77% | -9.72% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -34.89% | -5.08% | -29.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | — | — |
Volatility
XLK vs. GXPT - Volatility Comparison
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Volatility by Period
| XLK | GXPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.42% | 22.84% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 22.84% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.71% | 22.84% | +1.87% |
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 0.43%, more than GXPT's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 0.12% | 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 | 0.43% | 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
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.
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.
XLK is cheaper with a 0.08% expense ratio, compared with 0.15% for GXPT.
XLK has the higher dividend yield at 0.43%, compared with 0.12% for 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.
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