TNXT vs SHRT
Comparison between T. ROWE PRICE INNOVATION LEADERS ETF (TNXT, ETF) and GOTHAM SHORT STRATEGIES ETF (SHRT, ETF).
TNXT vs SHRT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TNXT vs SHRT - Holdings Comparison
TNXT and SHRT have 13 common holdings. Overlap is 0.85%
TNXT's top 25 holdings weight is 49.90%. SHRT's top 25 holdings weight is 170.29%.
| Rank | TNXT | SHRT |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 8.16% | CASH OFFSET (n/a) - 129.75% |
| #2 | APPLE INC (AAPL) - 5.09% | US DOLLARS (n/a) - 9.76% |
| #3 | AMAZON.COM INC (AMZN) - 3.50% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 6.89% |
| #4 | BROADCOM INC (AVGO) - 3.43% | MICRON TECHNOLOGY INC (MU) - 2.10% |
| #5 | MICROSOFT CORP (MSFT) - 3.04% | TECHNIPFMC PLC (FTI) - 1.45% |
| #6 | ALPHABET INC CLASS A (GOOGL) - 2.72% | UBER TECHNOLOGIES INC (UBER) - 1.31% |
| #7 | ADVANCED MICRO DEVICES INC (AMD) - 2.62% | HEWLETT PACKARD ENTERPRISE CO (HPE) - 1.29% |
| #8 | ALPHABET INC CLASS C (GOOG) - 2.49% | AGNICO EAGLE MINES LTD (AEM) - 1.27% |
| #9 | INTEL CORP (INTC) - 2.29% | ADOBE INC (ADBE) - 1.24% |
| #10 | TESLA INC (TSLA) - 1.90% | n/a (DELL) - 1.21% |
| #11 | META PLATFORMS INC CLASS A (META) - 1.87% | ANALOG DEVICES INC (ADI) - 1.20% |
| #12 | ELI LILLY AND CO (LLY) - 1.59% | SALESFORCE INC (CRM) - 1.20% |
| #13 | MICRON TECHNOLOGY INC (MU) - 1.48% | BLOOM ENERGY CORP CLASS A (BE) - 1.18% |
| #14 | VISA INC CLASS A (V) - 1.41% | MARVELL TECHNOLOGY INC (MRVL) - 1.15% |
| #15 | n/a (TSM) - 1.39% | VALERO ENERGY CORP (VLO) - 1.13% |
| #16 | QUALCOMM INC (QCOM) - 1.21% | MASIMO CORP (MASI) - 1.08% |
| #17 | MASTERCARD INC CLASS A (MA) - 1.12% | TRACTOR SUPPLY CO (TSCO) - 1.05% |
| #18 | BLOCK INC CLASS A (XYZ) - 0.95% | SOMNIGROUP INTERNATIONAL INC (SGI) - 1.04% |
| #19 | CISCO SYSTEMS INC (CSCO) - 0.92% | VIKING HOLDINGS LTD (VIK) - 1.03% |
| #20 | ASML HOLDING NV ADR (ASML) - 0.85% | COPART INC (CPRT) - 1.02% |
| #21 | n/a (AFRM) - 0.39% | OCCIDENTAL PETROLEUM CORP (OXY) - 0.63% |
| #22 | HALMA PLC (n/a) - 0.39% | PEPSICO INC (PEP) - 0.60% |
| #23 | TOWER SEMICONDUCTOR LTD (n/a) - 0.37% | NETFLIX INC (NFLX) - 0.57% |
| #24 | SK HYNIX INC (n/a) - 0.36% | NUTRIEN LTD (NTR) - 0.57% |
| #25 | STRYKER CORP (SYK) - 0.36% | AMENTUM HOLDINGS INC (AMTM) - 0.57% |
| Total Holdings | 225 | 659 |
TNXT vs SHRT - Historical Returns
Returns include dividend reinvestment.
TNXT vs SHRT - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | TNXT | SHRT |
|---|---|---|
| 2026 | +6.10% | -15.86% |
| 2025 | N/A | -1.29% |
| 2024 | N/A | -2.64% |
| 2023 | N/A | -5.83% |
TNXT vs SHRT Drawdown Comparison
The maximum drawdown for TNXT was -12.97%, occurring on Mar 30, 2026. Recovery took 52 trading sessions.
The maximum drawdown for SHRT was -25.99%, occurring on Jun 2, 2026. This drawdown has not yet recovered.
The current TNXT drawdown is -4.98%. The current SHRT drawdown is -24.49%.
| Rank | TNXT | SHRT |
|---|---|---|
| #1 | -12.97% Jan 29, 2026 - Apr 15, 2026 | -25.99% Aug 5, 2024 - Jun 2, 2026 |
| #2 | -4.98% Jun 1, 2026 - Jun 5, 2026 | -7.34% Apr 19, 2024 - Aug 5, 2024 |
| #3 | -3.00% May 14, 2026 - May 26, 2026 | -6.52% Nov 6, 2023 - Apr 19, 2024 |
| #4 | -1.31% Apr 24, 2026 - May 1, 2026 | N/A |
| #5 | -1.19% Apr 17, 2026 - Apr 24, 2026 | N/A |
| #6 | -0.65% May 11, 2026 - May 13, 2026 | N/A |
| #7 | -0.61% May 6, 2026 - May 8, 2026 | N/A |
| #8 | -0.29% May 28, 2026 - Jun 1, 2026 | N/A |
Correlation
Correlation between TNXT and SHRT is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
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