XNTK vs. XITK

Last updated Jun 5, 2026

XNTK (SPDR NYSE Technology ETF) and XITK (SPDR FactSet Innovative Technology ETF) are both Technology Equities funds from State Street - XNTK tracks the NYSE Technology Index while XITK tracks the FactSet Innovative Technology Index. Both are passively managed. Over the past 10 years, XNTK returned 25.57%/yr vs 14.36%/yr for XITK. Their correlation of 0.82 suggests significant overlap in exposure. XNTK charges 0.35%/yr vs 0.45%/yr for XITK.

Performance

XNTK vs. XITK - Performance Comparison

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

Returns By Period

In the year-to-date period, XNTK achieves a 37.92% return, which is significantly higher than XITK's 14.76% return. Over the past 10 years, XNTK has outperformed XITK with an annualized return of 25.57%, while XITK has yielded a comparatively lower 14.36% annualized return.

XNTK

• 1D: -1.00%
• 1M: 18.67%
• YTD: 37.92%
• 6M: 36.17%
• 1Y: 73.92%
• 3Y*: 42.75%
• 5Y*: 21.11%
• 10Y*: 25.57%

XITK

• 1D: 0.69%
• 1M: 10.62%
• YTD: 14.76%
• 6M: 14.21%
• 1Y: 11.50%
• 3Y*: 17.98%
• 5Y*: -0.18%
• 10Y*: 14.36%

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

XNTK vs. XITK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XNTK SPDR NYSE Technology ETF	37.92%	38.06%	23.49%	70.13%	-41.07%	17.63%	73.91%	38.08%	-7.13%	40.37%
XITK SPDR FactSet Innovative Technology ETF	14.76%	2.53%	19.12%	45.87%	-47.45%	-11.24%	90.22%	36.98%	7.60%	36.01%

Correlation

The correlation between XNTK and XITK is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 15, 2016	0.82

The correlation between XNTK and XITK shifts across timeframes, from 0.71 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

XNTK vs. XITK - Sectors Allocation Comparison

Sectors	XNTK	XITK
Technology	80.9%	83.4%
Communication Services	9.8%	8.6%
Consumer Cyclical	9.3%	2.2%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	1.7%
Healthcare	-	1.6%
Industrials	-	2.0%
Real Estate	-	0.5%
Utilities	-	-

Return for Risk

XNTK vs. XITK — Risk / Return Rank

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

XNTK

XNTK Risk / Return Rank: 84
XNTK Sharpe Ratio Rank: 91
XNTK Sortino Ratio Rank: 86
XNTK Omega Ratio Rank: 84
XNTK Calmar Ratio Rank: 83
XNTK Martin Ratio Rank: 77

XITK

XITK Risk / Return Rank: 15
XITK Sharpe Ratio Rank: 17
XITK Sortino Ratio Rank: 17
XITK Omega Ratio Rank: 16
XITK Calmar Ratio Rank: 14
XITK Martin Ratio Rank: 14

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. XITK - Risk-Adjusted Trends Comparison

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

	XNTK	XITK	Difference
Sharpe ratio: Return per unit of total volatility	3.19	0.44	+2.75
Sortino ratio: Return per unit of downside risk	3.80	0.79	+3.02
Omega ratio: Gain probability vs. loss probability	1.51	1.09	+0.42
Calmar ratio: Return relative to maximum drawdown	4.37	0.41	+3.96
Martin ratio: Return relative to average drawdown	14.56	0.96	+13.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNTK vs. XITK - Sharpe Ratio Comparison

The current XNTK Sharpe Ratio is 3.19, which is higher than the XITK Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of XNTK and XITK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XNTK	XITK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	0.44	+2.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	-0.01	+0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.96	0.49	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.52	-0.07

Drawdowns

XNTK vs. XITK - Drawdown Comparison

The maximum XNTK drawdown since its inception was -72.38%, which is greater than XITK's maximum drawdown of -65.56%. Use the drawdown chart below to compare losses from any high point for XNTK and XITK.

Drawdown Indicators

	XNTK	XITK	Difference
Max Drawdown Largest peak-to-trough decline	-72.38%	-65.56%	-6.82%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-28.03%	+11.03%
Max Drawdown (3Y) Largest decline over 3 years	-28.11%	-28.18%	+0.07%
Max Drawdown (5Y) Largest decline over 5 years	-48.28%	-61.53%	+13.25%
Max Drawdown (10Y) Largest decline over 10 years	-48.28%	-65.56%	+17.28%
Current Drawdown Current decline from peak	-1.07%	-21.75%	+20.68%
Average Drawdown Average peak-to-trough decline	-21.30%	-22.08%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	11.96%	-6.87%

Volatility

XNTK vs. XITK - Volatility Comparison

The current volatility for SPDR NYSE Technology ETF (XNTK) is 7.65%, while SPDR FactSet Innovative Technology ETF (XITK) has a volatility of 8.39%. This indicates that XNTK experiences smaller price fluctuations and is considered to be less risky than XITK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNTK	XITK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	8.39%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	21.87%	-3.81%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	26.47%	-3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.90%	32.63%	-4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.63%	29.56%	-2.93%

XNTK vs. XITK - Expense Ratio Comparison

XNTK has a 0.35% expense ratio, which is lower than XITK's 0.45% expense ratio.

Dividends

XNTK vs. XITK - Dividend Comparison

XNTK's dividend yield for the trailing twelve months is around 0.17%, while XITK has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XITK SPDR FactSet Innovative Technology ETF	0.00%	0.00%	0.00%	0.08%	0.11%	0.00%	0.06%	0.14%	1.50%	1.74%	1.88%	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 XITK in my portfolio?

XNTK and XITK have a correlation of 0.71, 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 XITK?

XITK has higher volatility (8.39%) compared to XNTK (7.65%). In terms of maximum drawdown, XNTK dropped -72.38% vs XITK's -65.56%.

Which ETF is better, XNTK or XITK?

On 10-year performance, XNTK leads with 25.57% vs 14.36% for XITK. On fees, XNTK is cheaper at 0.35% per year. On volatility, XNTK has been the lower-risk option at 7.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XNTK or XITK?

Over the 10-year period, XNTK has performed better with a 25.57% return vs 14.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XNTK or XITK?

XNTK is cheaper with a 0.35% expense ratio, compared with 0.45% for XITK.

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

XNTK has the higher dividend yield at 0.17%, compared with 0.00% for XITK.

What is the main difference between XNTK and XITK?

XNTK tracks NYSE Technology Index, while XITK tracks FactSet Innovative Technology Index. Their fees differ too: 0.35% for XNTK and 0.45% for XITK.

Which has better risk-adjusted returns?

XNTK currently has the higher Sharpe Ratio (3.19 vs 0.44), 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.