XNTK vs. QQQ
Compare and contrast key facts about SPDR NYSE Technology ETF (XNTK) and Invesco QQQ (QQQ).
XNTK and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both XNTK and QQQ 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 QQQ.
Performance
XNTK vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, XNTK achieves a 25.56% return, which is significantly higher than QQQ's 23.84% return. Over the past 10 years, XNTK has outperformed QQQ with an annualized return of 19.13%, while QQQ has yielded a comparatively lower 18.03% annualized return.
XNTK
25.56%
2.34%
11.04%
34.90%
22.34%
19.13%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| XNTK | QQQ | |
|---|---|---|
| Sharpe Ratio | 1.61 | 1.78 |
| Sortino Ratio | 2.14 | 2.37 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 2.10 | 2.28 |
| Martin Ratio | 7.37 | 8.27 |
| Ulcer Index | 4.81% | 3.73% |
| Daily Std Dev | 22.03% | 17.37% |
| Max Drawdown | -76.26% | -82.98% |
| Current Drawdown | -1.17% | -1.78% |
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XNTK vs. QQQ - Expense Ratio Comparison
XNTK has a 0.35% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between XNTK and QQQ is 0.89, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
XNTK's dividend yield for the trailing twelve months is around 0.40%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XNTK SPDR NYSE Technology ETF | 0.40% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% | 0.87% | 1.05% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
XNTK vs. QQQ - Drawdown Comparison
The maximum XNTK drawdown since its inception was -76.26%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for XNTK and QQQ. For additional features, visit the drawdowns tool.
Volatility
XNTK vs. QQQ - Volatility Comparison
SPDR NYSE Technology ETF (XNTK) and Invesco QQQ (QQQ) have volatilities of 5.52% and 5.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.