XNTK vs. QQQE

Last updated Jun 14, 2026

XNTK (SPDR NYSE Technology ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - XNTK is a Technology Equities fund tracking the NYSE Technology Index, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 10 years, XNTK returned 25.25%/yr vs 15.61%/yr for QQQE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

XNTK vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR NYSE Technology ETF (XNTK) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XNTK achieves a 32.86% return, which is significantly higher than QQQE's 17.14% return. Over the past 10 years, XNTK has outperformed QQQE with an annualized return of 25.25%, while QQQE has yielded a comparatively lower 15.61% annualized return.

XNTK

• 1D: 0.69%
• 1M: 9.85%
• YTD: 32.86%
• 6M: 32.78%
• 1Y: 65.70%
• 3Y*: 39.05%
• 5Y*: 19.92%
• 10Y*: 25.25%

QQQE

• 1D: 1.18%
• 1M: 5.18%
• YTD: 17.14%
• 6M: 16.29%
• 1Y: 26.96%
• 3Y*: 17.04%
• 5Y*: 9.60%
• 10Y*: 15.61%

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

XNTK vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	17.14%	14.58%	6.98%	33.76%	-24.47%	17.93%	37.85%	36.43%	-5.40%	26.53%

Correlation

The correlation between XNTK and QQQE is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012	0.89

The correlation between XNTK and QQQE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

XNTK vs. QQQE - Sectors Allocation Comparison

Sectors	XNTK	QQQE
Technology	83.3%	51.0%
Communication Services	8.6%	8.4%
Consumer Cyclical	8.0%	9.8%
Basic Materials	-	0.8%
Consumer Defensive	-	7.0%
Energy	-	1.7%
Financial Services	-	0.8%
Healthcare	-	7.8%
Industrials	-	9.3%
Real Estate	-	0.7%
Utilities	-	3.4%

Return for Risk

XNTK vs. QQQE — Risk / Return Rank

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

XNTK

XNTK Risk / Return Rank: 80
XNTK Sharpe Ratio Rank: 87
XNTK Sortino Ratio Rank: 78
XNTK Omega Ratio Rank: 81
XNTK Calmar Ratio Rank: 81
XNTK Martin Ratio Rank: 75

QQQE

QQQE Risk / Return Rank: 56
QQQE Sharpe Ratio Rank: 55
QQQE Sortino Ratio Rank: 52
QQQE Omega Ratio Rank: 52
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 58

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. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.63	+0.86
Sortino ratio: Return per unit of downside risk	3.01	2.23	+0.78
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.13
Calmar ratio: Return relative to maximum drawdown	3.73	2.65	+1.08
Martin ratio: Return relative to average drawdown	12.16	8.95	+3.21

XNTK vs. QQQE - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 2.50, which is higher than the QQQE Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of XNTK and QQQE, 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. QQQE - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for XNTK and QQQE.

Drawdown Indicators

	XNTK	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	-32.14%	-40.24%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-9.41%	-7.59%
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	-21.38%	-6.73%
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	-32.14%	-16.14%
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	-32.14%	-16.14%
Current Drawdown Current decline from peak	-4.70%	-1.76%	-2.94%
Average Drawdown Average peak-to-trough decline	-21.28%	-5.16%	-16.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	2.79%	+2.42%

Volatility

XNTK vs. QQQE - Volatility Comparison

SPDR NYSE Technology ETF (XNTK) has a higher volatility of 12.53% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 7.04%. This indicates that XNTK's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNTK	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.53%	7.04%	+5.49%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	12.12%	+8.75%
Volatility (1Y) Calculated over the trailing 1-year period	25.43%	15.28%	+10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.25%	20.45%	+7.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	20.79%	+6.03%

XNTK vs. QQQE - Expense Ratio Comparison

Both XNTK and QQQE have an expense ratio of 0.35%.

Dividends

XNTK vs. QQQE - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.17%, less than QQQE's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.53%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
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

Can I hold both XNTK and QQQE in my portfolio?

XNTK and QQQE have a correlation of 0.86, 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 QQQE?

XNTK has higher volatility (12.53%) compared to QQQE (7.04%). In terms of maximum drawdown, XNTK dropped -72.38% vs QQQE's -32.14%.

Which ETF is better, XNTK or QQQE?

On 10-year performance, XNTK leads with 25.25% vs 15.61% for QQQE. Both ETFs have the same 0.35% expense ratio. On volatility, QQQE has been the lower-risk option at 7.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XNTK or QQQE?

Over the 10-year period, XNTK has performed better with a 25.25% return vs 15.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XNTK or QQQE?

XNTK and QQQE have the same expense ratio: 0.35% per year.

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

QQQE has the higher dividend yield at 0.53%, compared with 0.17% for XNTK.

What is the main difference between XNTK and QQQE?

XNTK is categorized as Technology Equities, while QQQE is Nasdaq-100. XNTK tracks NYSE Technology Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. They also come from different issuers: State Street and Direxion.

Which has better risk-adjusted returns?

XNTK currently has the higher Sharpe Ratio (2.50 vs 1.63), 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.