XNTK vs. QQQM

Last updated Jun 14, 2026

XNTK (SPDR NYSE Technology ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - XNTK is a Technology Equities fund tracking the NYSE Technology Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, XNTK returned 19.92%/yr vs 16.94%/yr for QQQM. Their correlation of 0.94 suggests significant overlap in exposure. XNTK charges 0.35%/yr vs 0.15%/yr for QQQM.

Performance

XNTK vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR NYSE Technology ETF (XNTK) and Invesco NASDAQ 100 ETF (QQQM). 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 QQQM's 17.59% 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%

QQQM

• 1D: 0.67%
• 1M: 1.75%
• YTD: 17.59%
• 6M: 17.91%
• 1Y: 37.64%
• 3Y*: 26.52%
• 5Y*: 16.94%
• 10Y*: —

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

XNTK vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XNTK SPDR NYSE Technology ETF	32.86%	38.06%	23.49%	70.13%	-41.07%	17.63%	12.26%
QQQM Invesco NASDAQ 100 ETF	17.59%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between XNTK and QQQM 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 (All Time) Calculated using the full available price history since Oct 13, 2020	0.94

The correlation between XNTK and QQQM has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

XNTK vs. QQQM - Sectors Allocation Comparison

Sectors	XNTK	QQQM
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%

Return for Risk

XNTK vs. QQQM — 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

QQQM

QQQM Risk / Return Rank: 72
QQQM Sharpe Ratio Rank: 76
QQQM Sortino Ratio Rank: 71
QQQM Omega Ratio Rank: 73
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 70

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. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and Invesco NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.11	+0.39
Sortino ratio: Return per unit of downside risk	3.01	2.74	+0.27
Omega ratio: Gain probability vs. loss probability	1.42	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	3.73	3.02	+0.72
Martin ratio: Return relative to average drawdown	12.16	11.23	+0.93

XNTK vs. QQQM - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 2.50, which is comparable to the QQQM Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of XNTK and QQQM, 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. QQQM - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for XNTK and QQQM.

Drawdown Indicators

	XNTK	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	-35.04%	-37.34%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-11.96%	-5.04%
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	-22.70%	-5.41%
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	-35.04%	-13.24%
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	—	—
Current Drawdown Current decline from peak	-4.70%	-3.33%	-1.37%
Average Drawdown Average peak-to-trough decline	-21.28%	-8.23%	-13.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.21%	3.21%	+2.00%

Volatility

XNTK vs. QQQM - Volatility Comparison

SPDR NYSE Technology ETF (XNTK) has a higher volatility of 12.53% compared to Invesco NASDAQ 100 ETF (QQQM) at 7.45%. This indicates that XNTK's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNTK	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.53%	7.45%	+5.08%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	13.71%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	25.43%	17.11%	+8.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.25%	22.40%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	22.22%	+4.60%

XNTK vs. QQQM - Expense Ratio Comparison

XNTK has a 0.35% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

XNTK vs. QQQM - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.17%, less than QQQM's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQM Invesco NASDAQ 100 ETF	0.43%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%
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 QQQM in my portfolio?

With a correlation of 0.94, XNTK and QQQM 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.

Which is riskier, XNTK or QQQM?

XNTK has higher volatility (12.53%) compared to QQQM (7.45%). In terms of maximum drawdown, XNTK dropped -72.38% vs QQQM's -35.04%.

Which ETF is better, XNTK or QQQM?

On 5-year performance, XNTK leads with 19.92% vs 16.94% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XNTK or QQQM?

Over the 5-year period, XNTK has performed better with a 19.92% return vs 16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XNTK or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.35% for XNTK.

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

QQQM has the higher dividend yield at 0.43%, compared with 0.17% for XNTK.

What is the main difference between XNTK and QQQM?

XNTK is categorized as Technology Equities, while QQQM is Nasdaq-100. XNTK tracks NYSE Technology Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XNTK and 0.15% for QQQM.

Which has better risk-adjusted returns?

XNTK currently has the higher Sharpe Ratio (2.50 vs 2.11), 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.