XT vs. GINN
Compare and contrast key facts about iShares Exponential Technologies ETF (XT) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN).
XT and GINN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XT is a passively managed fund by iShares that tracks the performance of the Morningstar Exponential Technologies Index. It was launched on Mar 19, 2015. GINN is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive Innovative Global Equity Index. It was launched on Nov 6, 2020. Both XT and GINN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XT or GINN.
Key characteristics
| XT | GINN | |
|---|---|---|
| YTD Return | 0.13% | 17.07% |
| 1Y Return | 22.57% | 40.61% |
| 3Y Return (Ann) | -2.19% | -0.29% |
| Sharpe Ratio | 1.34 | 2.68 |
| Sortino Ratio | 1.91 | 3.52 |
| Omega Ratio | 1.23 | 1.46 |
| Calmar Ratio | 0.92 | 1.32 |
| Martin Ratio | 5.80 | 15.65 |
| Ulcer Index | 4.13% | 2.66% |
| Daily Std Dev | 17.81% | 15.55% |
| Max Drawdown | -34.41% | -41.25% |
| Current Drawdown | -9.48% | -3.71% |
Correlation
The correlation between XT and GINN is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XT vs. GINN - Performance Comparison
In the year-to-date period, XT achieves a 0.13% return, which is significantly lower than GINN's 17.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XT vs. GINN - Expense Ratio Comparison
XT has a 0.47% expense ratio, which is lower than GINN's 0.50% expense ratio.
Risk-Adjusted Performance
XT vs. GINN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Exponential Technologies ETF (XT) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.
Dividends
XT vs. GINN - Dividend Comparison
XT's dividend yield for the trailing twelve months is around 0.44%, less than GINN's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
XT iShares Exponential Technologies ETF | 0.44% | 0.41% | 0.78% | 0.84% | 0.77% | 1.55% | 1.44% | 0.97% | 1.37% | 1.34% |
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 0.87% | 1.01% | 0.69% | 0.67% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XT vs. GINN - Drawdown Comparison
The maximum XT drawdown since its inception was -34.41%, smaller than the maximum GINN drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for XT and GINN. For additional features, visit the drawdowns tool.
Volatility
XT vs. GINN - Volatility Comparison
iShares Exponential Technologies ETF (XT) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) have volatilities of 3.53% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.