YNOT vs. GTEK

Last updated Aug 4, 2026

YNOT (Horizon Digital Frontier ETF) and GTEK (Goldman Sachs Future Tech Leaders Equity ETF) are both Technology Equities funds. Both are actively managed. Over the past year, YNOT returned 23.78% vs 57.30% for GTEK. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 0.75% expense ratio.

Performance

YNOT vs. GTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YNOT achieves a 12.66% return, which is significantly lower than GTEK's 37.61% return.

YNOT

• 1D: 2.33%
• 1M: -0.24%
• 6M: 8.03%
• YTD: 12.66%
• 1Y: 23.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.88%

GTEK

• 1D: 2.03%
• 1M: -7.73%
• 6M: 31.44%
• YTD: 37.61%
• 1Y: 57.30%
• 3Y*: 29.34%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTEK Goldman Sachs Future Tech Leaders Equity ETF	$1.77M	$1.60M	$1.45M
YNOT Horizon Digital Frontier ETF	$6.36M	$3.62M	$1.68M

YNOT vs. GTEK - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	12.66%	12.46%
GTEK Goldman Sachs Future Tech Leaders Equity ETF	37.61%	10.09%

Correlation

The correlation between YNOT and GTEK is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.88

The correlation between YNOT and GTEK has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

YNOT vs. GTEK - Sectors Allocation Comparison

Sectors	YNOT	GTEK
Technology	49.2%	70.8%
Industrials	17.4%	8.9%
Communication Services	14.3%	4.8%
Consumer Cyclical	7.5%	6.3%
Basic Materials	7.5%	3.5%
Financial Services	1.8%	1.2%
Utilities	1.1%	-
Healthcare	0.6%	1.1%
Energy	0.6%	-
Consumer Defensive	-	-
Real Estate	-	3.4%

Return for Risk

YNOT vs. GTEK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YNOT

YNOT Risk / Return Rank: 34
YNOT Sharpe Ratio Rank: 34
YNOT Sortino Ratio Rank: 34
YNOT Omega Ratio Rank: 32
YNOT Calmar Ratio Rank: 36
YNOT Martin Ratio Rank: 36

GTEK

GTEK Risk / Return Rank: 75
GTEK Sharpe Ratio Rank: 77
GTEK Sortino Ratio Rank: 70
GTEK Omega Ratio Rank: 69
GTEK Calmar Ratio Rank: 78
GTEK Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YNOT vs. GTEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and Goldman Sachs Future Tech Leaders Equity ETF (GTEK). 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.

	YNOT	GTEK	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.85	-0.92
Sortino ratio: Return per unit of downside risk	1.38	2.39	-1.02
Omega ratio: Gain probability vs. loss probability	1.17	1.30	-0.14
Calmar ratio: Return relative to maximum drawdown	1.39	2.93	-1.55
Martin ratio: Return relative to average drawdown	3.82	11.57	-7.75

YNOT vs. GTEK - Sharpe Ratio Comparison

The current YNOT Sharpe Ratio is 0.93, which is lower than the GTEK Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of YNOT and GTEK, 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

YNOT vs. GTEK - Drawdown Comparison

The maximum YNOT drawdown since its inception was -17.25%, smaller than the maximum GTEK drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for YNOT and GTEK.

Drawdown Indicators

	YNOT	GTEK	Difference
Max Drawdown Largest peak-to-trough decline	-17.25%	-53.77%	+36.52%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-19.64%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.49%	—
Current Drawdown Current decline from peak	-9.12%	-12.54%	+3.42%
Average Drawdown Average peak-to-trough decline	-4.53%	-26.82%	+22.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	4.97%	+1.27%

Volatility

YNOT vs. GTEK - Volatility Comparison

The current volatility for Horizon Digital Frontier ETF (YNOT) is 9.51%, while Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has a volatility of 12.02%. This indicates that YNOT experiences smaller price fluctuations and is considered to be less risky than GTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YNOT	GTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	12.02%	-2.51%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	27.27%	-5.98%
Volatility (1Y) Calculated over the trailing 1-year period	25.80%	31.19%	-5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.25%	28.99%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	28.99%	-3.74%

YNOT vs. GTEK - Expense Ratio Comparison

Both YNOT and GTEK have an expense ratio of 0.75%.

Dividends

YNOT vs. GTEK - Dividend Comparison

Neither YNOT nor GTEK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
GTEK Goldman Sachs Future Tech Leaders Equity ETF	0.00%	0.00%	0.00%	0.26%	0.03%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and GTEK in my portfolio?

YNOT and GTEK have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YNOT or GTEK?

GTEK has higher volatility (12.02%) compared to YNOT (9.51%). In terms of maximum drawdown, YNOT dropped -17.25% vs GTEK's -53.77%.

Which ETF is better, YNOT or GTEK?

On 1-year performance, GTEK leads with 57.30% vs 23.78% for YNOT. Both ETFs have the same 0.75% expense ratio. On volatility, YNOT has been the lower-risk option at 9.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YNOT or GTEK?

Over the 1-year period, GTEK has performed better with a 57.30% return vs 23.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YNOT or GTEK?

YNOT and GTEK have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, YNOT or GTEK?

YNOT and GTEK have nearly identical dividend yields, around 0.00%.

What is the main difference between YNOT and GTEK?

They also come from different issuers: Horizon and Goldman Sachs.

Which has better risk-adjusted returns?

GTEK currently has the higher Sharpe Ratio (1.85 vs 0.93), 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.