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First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) Sharpe Ratio: 0.07

ETF · Currency in USD · Last updated Jun 24, 2026

QQXT is a passive ETF by First Trust tracking the investment results of the NASDAQ-100 Ex-Tech Sector Index. QQXT launched on Feb 8, 2007 and has a 0.60% expense ratio.

QQXT's Sharpe Ratio of 0.07 indicates that for each unit of volatility, it generates 0.07 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

QQXT Sharpe Ratio Rank

QQXT Sharpe Ratio Rank: 9.710
Concerning

QQXT ranks above 9.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

QQXT Sharpe Ratio Market Positioning

The chart shows QQXT's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 7.04+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares First Trust Nasdaq-100 Ex-Technology Sector Index Fund's Sharpe Ratio with other ETFs in the Nasdaq-100 category across multiple time periods, showing how QQXT's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PQAPPGIM Nasdaq-100 Buffer 12 ETF - April3.86
NAPRInnovator Nasdaq-100 Power Buffer ETF - April3.76
QMARFT Cboe Vest Nasdaq-100 Buffer ETF - March3.19
QQQAProShares Nasdaq-100 Dorsey Wright Momentum ETF2.86
PBQQPGIM Laddered Nasdaq-100 Buffer 12 ETF2.64
QCAPFT Vest NASDAQ-100 Conservative Buffer ETF - April2.60
FTQIFirst Trust Nasdaq BuyWrite Income ETF2.57
NJULInnovator Nasdaq-100 Power Buffer ETF - July2.49
QCJLFT Vest Nasdaq-100 Conservative Buffer ETF - July2.42
PQJAPGIM Nasdaq-100 Buffer 12 ETF - January2.36
QQXTFirst Trust Nasdaq-100 Ex-Technology Sector Index Fund0.07

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows QQXT's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when QQXT consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does QQXT fit in your portfolio?

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