XNTK vs. GGTL

Last updated Jun 24, 2026

XNTK (State Street SPDR NYSE Technology ETF) and GGTL (Gabelli Global Technology Leaders ETF) are both Technology Equities funds. XNTK is passively managed, while GGTL is actively managed. Over the past 3 years, XNTK returned 39.51%/yr vs 23.40%/yr for GGTL. A 0.76 correlation means they provide meaningful diversification when combined. XNTK charges 0.35%/yr vs 0.90%/yr for GGTL.

Performance

XNTK vs. GGTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR NYSE Technology ETF (XNTK) and Gabelli Global Technology Leaders ETF (GGTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XNTK achieves a 32.72% return, which is significantly higher than GGTL's 29.86% return.

XNTK

• 1D: -5.42%
• 1M: 5.72%
• YTD: 32.72%
• 6M: 30.83%
• 1Y: 62.72%
• 3Y*: 39.51%
• 5Y*: 19.21%
• 10Y*: 25.67%

GGTL

• 1D: 1.15%
• 1M: 7.57%
• YTD: 29.86%
• 6M: 30.47%
• 1Y: 49.16%
• 3Y*: 23.40%
• 5Y*: —
• 10Y*: —

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

XNTK vs. GGTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XNTK State Street SPDR NYSE Technology ETF	32.72%	38.06%	23.49%	70.13%	-40.70%
GGTL Gabelli Global Technology Leaders ETF	29.86%	19.78%	11.07%	18.17%	-16.10%

Correlation

The correlation between XNTK and GGTL is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 5, 2022	0.76

The correlation between XNTK and GGTL has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.

XNTK vs. GGTL - Sectors Allocation Comparison

Sectors	XNTK	GGTL
Technology	83.3%	55.5%
Communication Services	8.6%	2.9%
Consumer Cyclical	8.0%	0.9%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

XNTK vs. GGTL — Risk / Return Rank

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

XNTK

XNTK Risk / Return Rank: 71
XNTK Sharpe Ratio Rank: 78
XNTK Sortino Ratio Rank: 64
XNTK Omega Ratio Rank: 71
XNTK Calmar Ratio Rank: 75
XNTK Martin Ratio Rank: 68

GGTL

GGTL Risk / Return Rank: 85
GGTL Sharpe Ratio Rank: 84
GGTL Sortino Ratio Rank: 81
GGTL Omega Ratio Rank: 83
GGTL Calmar Ratio Rank: 90
GGTL Martin Ratio Rank: 88

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.

XNTK vs. GGTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR NYSE Technology ETF (XNTK) and Gabelli Global Technology Leaders ETF (GGTL). 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.

	XNTK	GGTL	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.62	-0.26
Sortino ratio: Return per unit of downside risk	2.84	3.42	-0.57
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.08
Calmar ratio: Return relative to maximum drawdown	3.71	5.37	-1.66
Martin ratio: Return relative to average drawdown	12.03	18.42	-6.39

XNTK vs. GGTL - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 2.36, which is comparable to the GGTL Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XNTK and GGTL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XNTK vs. GGTL - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, which is greater than GGTL's maximum drawdown of -23.65%. Use the drawdown chart below to compare losses from any high point for XNTK and GGTL.

Drawdown Indicators

	XNTK	GGTL	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	-23.65%	-48.73%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-9.20%	-7.80%
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	-21.46%	-6.65%
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	—	—
Current Drawdown Current decline from peak	-5.42%	0.00%	-5.42%
Average Drawdown Average peak-to-trough decline	-21.26%	-7.40%	-13.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	2.68%	+2.55%

Volatility

XNTK vs. GGTL - Volatility Comparison

State Street SPDR NYSE Technology ETF (XNTK) has a higher volatility of 14.84% compared to Gabelli Global Technology Leaders ETF (GGTL) at 9.94%. This indicates that XNTK's price experiences larger fluctuations and is considered to be riskier than GGTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNTK	GGTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	9.94%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	22.07%	16.10%	+5.97%
Volatility (1Y) Calculated over the trailing 1-year period	26.71%	18.89%	+7.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.52%	18.06%	+10.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	18.06%	+8.86%

XNTK vs. GGTL - Expense Ratio Comparison

XNTK has a 0.35% expense ratio, which is lower than GGTL's 0.90% expense ratio.

Dividends

XNTK vs. GGTL - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.15%, less than GGTL's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGTL Gabelli Global Technology Leaders ETF	0.80%	1.04%	0.75%	0.84%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XNTK State Street SPDR NYSE Technology ETF	0.15%	0.23%	0.42%	0.34%	0.85%	0.34%	0.30%	0.61%	29.64%	1.29%	0.81%	0.93%

Frequently Asked Questions

Can I hold both XNTK and GGTL in my portfolio?

XNTK and GGTL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XNTK or GGTL?

XNTK has higher volatility (14.84%) compared to GGTL (9.94%). In terms of maximum drawdown, XNTK dropped -72.38% vs GGTL's -23.65%.

Which ETF is better, XNTK or GGTL?

On 3-year performance, XNTK leads with 39.51% vs 23.40% for GGTL. On fees, XNTK is cheaper at 0.35% per year. On volatility, GGTL has been the lower-risk option at 9.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XNTK or GGTL?

Over the 3-year period, XNTK has performed better with a 39.51% return vs 23.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XNTK or GGTL?

XNTK is cheaper with a 0.35% expense ratio, compared with 0.90% for GGTL.

Which ETF pays a higher dividend yield, XNTK or GGTL?

GGTL has the higher dividend yield at 0.80%, compared with 0.15% for XNTK.

What is the main difference between XNTK and GGTL?

They also come from different issuers: State Street and Gabelli. Their fees differ too: 0.35% for XNTK and 0.90% for GGTL.

Which has better risk-adjusted returns?

GGTL currently has the higher Sharpe Ratio (2.62 vs 2.36), 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.