XT vs. TEC

Last updated Jun 4, 2026

XT (iShares Future Exponential Technologies ETF) and TEC (Harbor Transformative Technologies ETF) are both Technology Equities funds. XT is passively managed, while TEC is actively managed. Over the past year, XT returned 45.88% vs 41.52% for TEC. Their correlation of 0.83 suggests significant overlap in exposure. XT charges 0.46%/yr vs 0.69%/yr for TEC.

Performance

XT vs. TEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Exponential Technologies ETF (XT) and Harbor Transformative Technologies ETF (TEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XT having a 20.20% return and TEC slightly higher at 20.38%.

XT

• 1D: -0.47%
• 1M: 9.47%
• YTD: 20.20%
• 6M: 20.54%
• 1Y: 45.88%
• 3Y*: 18.83%
• 5Y*: 8.42%
• 10Y*: 14.70%

TEC

• 1D: -1.25%
• 1M: 11.87%
• YTD: 20.38%
• 6M: 18.30%
• 1Y: 41.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XT vs. TEC - Yearly Performance Comparison

	2026 (YTD)	2025
XT iShares Future Exponential Technologies ETF	20.20%	38.57%
TEC Harbor Transformative Technologies ETF	20.38%	44.91%

Correlation

The correlation between XT and TEC is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025	0.83

The correlation between XT and TEC has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

XT vs. TEC - Sectors Allocation Comparison

Sectors	XT	TEC
Technology	43.5%	69.5%
Healthcare	23.4%	4.2%
Industrials	10.1%	1.0%
Consumer Cyclical	7.9%	9.3%
Communication Services	5.2%	13.5%
Utilities	4.6%	1.5%
Financial Services	3.3%	1.1%
Basic Materials	2.0%	-
Energy	0.3%	-
Real Estate	0.0%	-
Consumer Defensive	0.0%	-

Return for Risk

XT vs. TEC — Risk / Return Rank

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

XT

XT Risk / Return Rank: 84
XT Sharpe Ratio Rank: 86
XT Sortino Ratio Rank: 84
XT Omega Ratio Rank: 79
XT Calmar Ratio Rank: 83
XT Martin Ratio Rank: 86

TEC

TEC Risk / Return Rank: 55
TEC Sharpe Ratio Rank: 63
TEC Sortino Ratio Rank: 58
TEC Omega Ratio Rank: 58
TEC Calmar Ratio Rank: 49
TEC Martin Ratio Rank: 45

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.

XT vs. TEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Exponential Technologies ETF (XT) and Harbor Transformative Technologies ETF (TEC). 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.

	XT	TEC	Difference
Sharpe ratio: Return per unit of total volatility	2.89	2.08	+0.81
Sortino ratio: Return per unit of downside risk	3.83	2.71	+1.12
Omega ratio: Gain probability vs. loss probability	1.48	1.35	+0.13
Calmar ratio: Return relative to maximum drawdown	4.41	2.38	+2.03
Martin ratio: Return relative to average drawdown	18.51	7.40	+11.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XT vs. TEC - Sharpe Ratio Comparison

The current XT Sharpe Ratio is 2.89, which is higher than the TEC Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of XT and TEC, 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

	XT	TEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	2.08	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	3.08	-2.42

Drawdowns

XT vs. TEC - Drawdown Comparison

The maximum XT drawdown since its inception was -34.41%, which is greater than TEC's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for XT and TEC.

Drawdown Indicators

	XT	TEC	Difference
Max Drawdown Largest peak-to-trough decline	-34.41%	-17.50%	-16.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-17.50%	+7.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.41%	—	—
Current Drawdown Current decline from peak	-0.47%	-1.25%	+0.78%
Average Drawdown Average peak-to-trough decline	-7.41%	-3.46%	-3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	5.62%	-3.13%

Volatility

XT vs. TEC - Volatility Comparison

The current volatility for iShares Future Exponential Technologies ETF (XT) is 4.85%, while Harbor Transformative Technologies ETF (TEC) has a volatility of 5.28%. This indicates that XT experiences smaller price fluctuations and is considered to be less risky than TEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XT	TEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	5.28%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	11.94%	15.48%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	20.11%	-4.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.76%	20.95%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	20.95%	-0.87%

XT vs. TEC - Expense Ratio Comparison

XT has a 0.46% expense ratio, which is lower than TEC's 0.69% expense ratio.

Dividends

XT vs. TEC - Dividend Comparison

XT's dividend yield for the trailing twelve months is around 6.61%, while TEC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEC Harbor Transformative Technologies ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XT iShares Future Exponential Technologies ETF	6.61%	7.95%	0.66%	0.41%	0.78%	0.84%	0.77%	1.55%	1.40%	0.97%	1.37%	1.34%

Frequently Asked Questions

Can I hold both XT and TEC in my portfolio?

XT and TEC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XT or TEC?

TEC has higher volatility (5.28%) compared to XT (4.85%). In terms of maximum drawdown, XT dropped -34.41% vs TEC's -17.50%.

Which ETF is better, XT or TEC?

On 1-year performance, XT leads with 45.88% vs 41.52% for TEC. On fees, XT is cheaper at 0.46% per year. On volatility, XT has been the lower-risk option at 4.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XT or TEC?

Over the 1-year period, XT has performed better with a 45.88% return vs 41.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XT or TEC?

XT is cheaper with a 0.46% expense ratio, compared with 0.69% for TEC.

Which ETF pays a higher dividend yield, XT or TEC?

XT has the higher dividend yield at 6.61%, compared with 0.00% for TEC.

What is the main difference between XT and TEC?

They also come from different issuers: iShares and Harbor. Their fees differ too: 0.46% for XT and 0.69% for TEC.

Which has better risk-adjusted returns?

XT currently has the higher Sharpe Ratio (2.89 vs 2.08), 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.