XNTK vs. PNQI
Compare and contrast key facts about SPDR NYSE Technology ETF (XNTK) and Invesco NASDAQ Internet ETF (PNQI).
XNTK and PNQI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XNTK is a passively managed fund by State Street that tracks the performance of the NYSE Technology Index. It was launched on Sep 25, 2000. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. Both XNTK and PNQI 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: XNTK or PNQI.
Performance
XNTK vs. PNQI - Performance Comparison
Returns By Period
In the year-to-date period, XNTK achieves a 23.96% return, which is significantly lower than PNQI's 28.50% return. Over the past 10 years, XNTK has outperformed PNQI with an annualized return of 19.03%, while PNQI has yielded a comparatively lower 13.05% annualized return.
XNTK
23.96%
0.95%
9.07%
33.77%
22.05%
19.03%
PNQI
28.50%
5.01%
15.50%
36.97%
11.50%
13.05%
Key characteristics
| XNTK | PNQI | |
|---|---|---|
| Sharpe Ratio | 1.49 | 2.07 |
| Sortino Ratio | 2.01 | 2.71 |
| Omega Ratio | 1.27 | 1.36 |
| Calmar Ratio | 1.94 | 1.01 |
| Martin Ratio | 6.80 | 13.04 |
| Ulcer Index | 4.81% | 2.76% |
| Daily Std Dev | 22.02% | 17.33% |
| Max Drawdown | -76.26% | -59.70% |
| Current Drawdown | -2.43% | -11.63% |
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XNTK vs. PNQI - Expense Ratio Comparison
XNTK has a 0.35% expense ratio, which is lower than PNQI's 0.62% expense ratio.
Correlation
The correlation between XNTK and PNQI is 0.83, 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.
Risk-Adjusted Performance
XNTK vs. PNQI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and Invesco NASDAQ Internet ETF (PNQI). 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.
Dividends
XNTK vs. PNQI - Dividend Comparison
XNTK's dividend yield for the trailing twelve months is around 0.41%, while PNQI has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XNTK SPDR NYSE Technology ETF | 0.41% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% | 0.87% | 1.05% |
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XNTK vs. PNQI - Drawdown Comparison
The maximum XNTK drawdown since its inception was -76.26%, which is greater than PNQI's maximum drawdown of -59.70%. Use the drawdown chart below to compare losses from any high point for XNTK and PNQI. For additional features, visit the drawdowns tool.
Volatility
XNTK vs. PNQI - Volatility Comparison
SPDR NYSE Technology ETF (XNTK) has a higher volatility of 5.69% compared to Invesco NASDAQ Internet ETF (PNQI) at 4.87%. This indicates that XNTK's price experiences larger fluctuations and is considered to be riskier than PNQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.