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XNTK vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XNTK vs. QQQ

Last updated Jun 14, 2026

XNTK (SPDR NYSE Technology ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - XNTK is a Technology Equities fund tracking the NYSE Technology Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, XNTK returned 25.25%/yr vs 21.79%/yr for QQQ. Their correlation of 0.89 suggests significant overlap in exposure. XNTK charges 0.35%/yr vs 0.18%/yr for QQQ.

Performance

XNTK vs. QQQ - Performance Comparison

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

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Returns By Period

In the year-to-date period, XNTK achieves a 32.86% return, which is significantly higher than QQQ's 17.57% return. Over the past 10 years, XNTK has outperformed QQQ with an annualized return of 25.25%, while QQQ has yielded a comparatively lower 21.79% annualized return.

XNTK

1D
0.69%
1M
7.46%
YTD
32.86%
6M
32.78%
1Y
65.70%
3Y*
39.05%
5Y*
19.92%
10Y*
25.25%

QQQ

1D
0.59%
1M
0.22%
YTD
17.57%
6M
17.85%
1Y
37.55%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XNTK vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XNTK
SPDR NYSE Technology ETF		32.86%38.06%23.49%70.13%-41.07%17.63%73.91%38.08%-7.13%40.37%
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between XNTK and QQQ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Jan 2, 2001

0.89

The correlation between XNTK and QQQ has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

XNTK vs. QQQ - Sectors Allocation Comparison

Sectors
XNTK
QQQ

Technology

83.3%
58.7%

Communication Services

8.6%
14.3%

Consumer Cyclical

8.0%
11.4%

Basic Materials

-

1.0%

Consumer Defensive

-

6.4%

Energy

-

0.5%

Financial Services

-

0.2%

Healthcare

-

3.7%

Industrials

-

2.6%

Real Estate

-

0.1%

Utilities

-

1.2%

Technology

XNTK
83.3%
QQQ
58.7%

Communication Services

XNTK
8.6%
QQQ
14.3%

Consumer Cyclical

XNTK
8.0%
QQQ
11.4%

Basic Materials

XNTK

-

QQQ
1.0%

Consumer Defensive

XNTK

-

QQQ
6.4%

Energy

XNTK

-

QQQ
0.5%

Financial Services

XNTK

-

QQQ
0.2%

Healthcare

XNTK

-

QQQ
3.7%

Industrials

XNTK

-

QQQ
2.6%

Real Estate

XNTK

-

QQQ
0.1%

Utilities

XNTK

-

QQQ
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR NYSE Technology ETF

Invesco QQQ ETF

Often compared with XNTK:
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Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

XNTK vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XNTK
XNTK Risk / Return Rank: 8080
Overall Rank
XNTK Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XNTK Sortino Ratio Rank: 7878
Sortino Ratio Rank
XNTK Omega Ratio Rank: 8181
Omega Ratio Rank
XNTK Calmar Ratio Rank: 8181
Calmar Ratio Rank
XNTK Martin Ratio Rank: 7575
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
Martin Ratio Rank
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. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and Invesco QQQ ETF (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.

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.

XNTKQQQDifference
Sharpe ratioReturn per unit of total volatility
2.50
2.09

+0.40

Sortino ratioReturn per unit of downside risk
3.01
2.73

+0.28

Omega ratioGain probability vs. loss probability

1.42

1.37

+0.05

Calmar ratioReturn relative to maximum drawdown

3.73

3.01

+0.73

Martin ratioReturn relative to average drawdown

12.16

11.22

+0.94

XNTK vs. QQQ - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 2.50, which is comparable to the QQQ Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of XNTK and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XNTK vs. QQQ - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for XNTK and QQQ.

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Drawdown Indicators

XNTKQQQDifference

Max Drawdown

Largest peak-to-trough decline

-72.38%

-82.97%

+10.59%

Max Drawdown (1Y)

Largest decline over 1 year

-17.00%

-11.96%

-5.04%

Max Drawdown (3Y)

Largest decline over 3 years

-28.11%

-22.77%

-5.34%

Max Drawdown (5Y)

Largest decline over 5 years

-48.28%

-35.12%

-13.16%

Max Drawdown (10Y)

Largest decline over 10 years

-48.28%

-35.12%

-13.16%

Current Drawdown

Current decline from peak

-4.70%

-3.33%

-1.37%

Average Drawdown

Average peak-to-trough decline

-21.28%

-32.75%

+11.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.21%

3.20%

+2.01%

Volatility

XNTK vs. QQQ - Volatility Comparison

SPDR NYSE Technology ETF (XNTK) has a higher volatility of 12.53% compared to Invesco QQQ ETF (QQQ) at 7.56%. This indicates that XNTK's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XNTKQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.53%

7.56%

+4.97%

Volatility (6M)

Calculated over the trailing 6-month period

20.87%

13.81%

+7.06%

Volatility (1Y)

Calculated over the trailing 1-year period

25.43%

17.19%

+8.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.25%

22.55%

+5.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.82%

22.38%

+4.44%

XNTK vs. QQQ - Expense Ratio Comparison

XNTK has a 0.35% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

XNTK vs. QQQ - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.17%, less than QQQ's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
XNTK
SPDR NYSE Technology ETF		0.17%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

With a correlation of 0.94, XNTK and QQQ 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.

XNTK has higher volatility (12.53%) compared to QQQ (7.56%). In terms of maximum drawdown, XNTK dropped -72.38% vs QQQ's -82.97%.

On 10-year performance, XNTK leads with 25.25% vs 21.79% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XNTK has performed better with a 25.25% return vs 21.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.35% for XNTK.

QQQ has the higher dividend yield at 0.39%, compared with 0.17% for XNTK.

XNTK is categorized as Technology Equities, while QQQ is Nasdaq-100. XNTK tracks NYSE Technology Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XNTK and 0.18% for QQQ.

XNTK currently has the higher Sharpe Ratio (2.50 vs 2.09), 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.

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