SPDR NYSE Technology ETF’s equal-weighted approach has delivered 23.63% returns year-to-date, surpassing QQQ’s 17.17%.
The SPDR NYSE Technology ETF (XNTK) has outperformed the Invesco QQQ Trust (QQQ) by roughly six percentage points in 2026, driven by its equal-weighted construction. While QQQ tracks the Nasdaq-100’s market-cap-weighted index, XNTK’s modified equal-dollar weighting reduces megacap dominance, favoring mid-cap tech stocks.
From December 31, 2025, to May 14, 2026, QQQ rose 17.17%, while XNTK climbed 23.63%. QQQ’s top holdings include Apple, Microsoft, and NVIDIA, with non-tech names like Costco and PepsiCo included due to its exchange-based filtering. XNTK’s focus on 35 leading U.S.-listed tech firms spreads influence more evenly across the sector.
The divergence highlights how index methodology can shape returns, with equal-weighting benefiting from broader tech participation rather than reliance on a few dominant stocks.