XSW vs. GXPT

Last updated Jun 23, 2026

XSW (SPDR S&P Software & Services ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - XSW tracks the S&P Software & Services Select Industry Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. A 0.53 correlation means they provide meaningful diversification when combined. XSW charges 0.35%/yr vs 0.15%/yr for GXPT.

Performance

XSW vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Software & Services ETF (XSW) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSW achieves a -14.42% return, which is significantly lower than GXPT's 21.16% return.

XSW

• 1D: -1.47%
• 1M: -2.96%
• YTD: -14.42%
• 6M: -17.32%
• 1Y: -10.76%
• 3Y*: 7.75%
• 5Y*: -1.17%
• 10Y*: 12.71%

GXPT

• 1D: 2.85%
• 1M: 2.69%
• YTD: 21.16%
• 6M: 21.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSW vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
XSW SPDR S&P Software & Services ETF	-14.42%	-2.99%
GXPT Global X PureCap MSCI Information Technology ETF	21.16%	11.47%

Correlation

The correlation between XSW and GXPT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.53

Return for Risk

XSW vs. GXPT — Risk / Return Rank

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

XSW

XSW Risk / Return Rank: 6
XSW Sharpe Ratio Rank: 5
XSW Sortino Ratio Rank: 6
XSW Omega Ratio Rank: 5
XSW Calmar Ratio Rank: 6
XSW Martin Ratio Rank: 6

GXPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XSW vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Software & Services ETF (XSW) and Global X PureCap MSCI Information Technology ETF (GXPT). 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.

	XSW	GXPT	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	—	—
Sortino ratio: Return per unit of downside risk	-0.34	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.32	—	—
Martin ratio: Return relative to average drawdown	-0.66	—	—

Drawdowns

XSW vs. GXPT - Drawdown Comparison

The maximum XSW drawdown since its inception was -45.38%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for XSW and GXPT.

Drawdown Indicators

	XSW	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-45.38%	-18.74%	-26.64%
Max Drawdown (1Y) Largest decline over 1 year	-33.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.38%	—	—
Current Drawdown Current decline from peak	-21.97%	-5.36%	-16.61%
Average Drawdown Average peak-to-trough decline	-9.86%	-5.02%	-4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.25%	—	—

Volatility

Volatility by Period

	XSW	GXPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.87%	22.70%	+6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.89%	22.70%	+6.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.30%	22.70%	+3.60%

XSW vs. GXPT - Expense Ratio Comparison

XSW has a 0.35% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

XSW vs. GXPT - Dividend Comparison

XSW's dividend yield for the trailing twelve months is around 0.04%, less than GXPT's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPT Global X PureCap MSCI Information Technology ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSW SPDR S&P Software & Services ETF	0.04%	0.06%	0.07%	0.20%	0.09%	0.13%	0.26%	0.12%	0.31%	0.46%	0.87%	0.54%

Frequently Asked Questions

Can I hold both XSW and GXPT in my portfolio?

XSW and GXPT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XSW or GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSW or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.35% for XSW.

Which ETF pays a higher dividend yield, XSW or GXPT?

GXPT has the higher dividend yield at 0.11%, compared with 0.04% for XSW.

What is the main difference between XSW and GXPT?

XSW tracks S&P Software & Services Select Industry Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.35% for XSW and 0.15% for GXPT.