BUFQ vs. QNXT

Last updated Jun 4, 2026

BUFQ (FT Vest Laddered Nasdaq Buffer ETF) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds - BUFQ tracks the NASDAQ 100 Index - USD while QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index. Both are passively managed. Over the past year, BUFQ returned 21.61% vs 25.34% for QNXT. A 0.79 correlation means they provide meaningful diversification when combined. BUFQ charges 1.10%/yr vs 0.20%/yr for QNXT.

Performance

BUFQ vs. QNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFQ achieves a 9.53% return, which is significantly lower than QNXT's 15.67% return.

BUFQ

• 1D: -0.04%
• 1M: 2.68%
• YTD: 9.53%
• 6M: 10.14%
• 1Y: 21.61%
• 3Y*: 16.99%
• 5Y*: —
• 10Y*: —

QNXT

• 1D: -0.61%
• 1M: 9.65%
• YTD: 15.67%
• 6M: 13.13%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BUFQ vs. QNXT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUFQ FT Vest Laddered Nasdaq Buffer ETF	9.53%	14.03%	2.71%
QNXT iShares Nasdaq-100 ex Top 30 ETF	15.67%	14.97%	-2.52%

Correlation

The correlation between BUFQ and QNXT is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.79

The correlation between BUFQ and QNXT has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

BUFQ vs. QNXT - Sectors Allocation Comparison

Sectors	BUFQ	QNXT
Technology	54.2%	40.3%
Communication Services	15.5%	8.8%
Consumer Cyclical	12.2%	17.0%
Consumer Defensive	7.6%	5.7%
Healthcare	4.2%	7.5%
Industrials	2.8%	10.6%
Utilities	1.4%	6.1%
Basic Materials	1.2%	-
Energy	0.6%	2.7%
Financial Services	0.2%	1.0%
Real Estate	0.1%	0.3%

Return for Risk

BUFQ vs. QNXT — Risk / Return Rank

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

BUFQ

BUFQ Risk / Return Rank: 84
BUFQ Sharpe Ratio Rank: 80
BUFQ Sortino Ratio Rank: 86
BUFQ Omega Ratio Rank: 85
BUFQ Calmar Ratio Rank: 78
BUFQ Martin Ratio Rank: 89

QNXT

QNXT Risk / Return Rank: 49
QNXT Sharpe Ratio Rank: 50
QNXT Sortino Ratio Rank: 49
QNXT Omega Ratio Rank: 47
QNXT Calmar Ratio Rank: 52
QNXT Martin Ratio Rank: 49

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.

BUFQ vs. QNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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.

	BUFQ	QNXT	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.70	+0.93
Sortino ratio: Return per unit of downside risk	3.88	2.37	+1.51
Omega ratio: Gain probability vs. loss probability	1.53	1.29	+0.23
Calmar ratio: Return relative to maximum drawdown	4.03	2.50	+1.52
Martin ratio: Return relative to average drawdown	20.34	8.17	+12.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUFQ vs. QNXT - Sharpe Ratio Comparison

The current BUFQ Sharpe Ratio is 2.62, which is higher than the QNXT Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of BUFQ and QNXT, 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

	BUFQ	QNXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	1.70	+0.93
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.90	+0.53

Drawdowns

BUFQ vs. QNXT - Drawdown Comparison

The maximum BUFQ drawdown since its inception was -15.74%, smaller than the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for BUFQ and QNXT.

Drawdown Indicators

	BUFQ	QNXT	Difference
Max Drawdown Largest peak-to-trough decline	-15.74%	-22.25%	+6.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.39%	-10.16%	+4.77%
Max Drawdown (3Y) Largest decline over 3 years	-15.74%	—	—
Current Drawdown Current decline from peak	-0.04%	-0.61%	+0.57%
Average Drawdown Average peak-to-trough decline	-2.31%	-3.79%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	3.11%	-2.05%

Volatility

BUFQ vs. QNXT - Volatility Comparison

The current volatility for FT Vest Laddered Nasdaq Buffer ETF (BUFQ) is 1.17%, while iShares Nasdaq-100 ex Top 30 ETF (QNXT) has a volatility of 3.52%. This indicates that BUFQ experiences smaller price fluctuations and is considered to be less risky than QNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUFQ	QNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	3.52%	-2.35%
Volatility (6M) Calculated over the trailing 6-month period	6.42%	10.92%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	8.31%	15.05%	-6.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	19.73%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.35%	19.73%	-6.38%

BUFQ vs. QNXT - Expense Ratio Comparison

BUFQ has a 1.10% expense ratio, which is higher than QNXT's 0.20% expense ratio.

Dividends

BUFQ vs. QNXT - Dividend Comparison

BUFQ has not paid dividends to shareholders, while QNXT's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024
BUFQ FT Vest Laddered Nasdaq Buffer ETF	0.00%	0.00%	0.00%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.60%	0.64%	0.22%

Frequently Asked Questions

Can I hold both BUFQ and QNXT in my portfolio?

BUFQ and QNXT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUFQ or QNXT?

QNXT has higher volatility (3.52%) compared to BUFQ (1.17%). In terms of maximum drawdown, BUFQ dropped -15.74% vs QNXT's -22.25%.

Which ETF is better, BUFQ or QNXT?

On 1-year performance, QNXT leads with 25.34% vs 21.61% for BUFQ. On fees, QNXT is cheaper at 0.20% per year. On volatility, BUFQ has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUFQ or QNXT?

Over the 1-year period, QNXT has performed better with a 25.34% return vs 21.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUFQ or QNXT?

QNXT is cheaper with a 0.20% expense ratio, compared with 1.10% for BUFQ.

Which ETF pays a higher dividend yield, BUFQ or QNXT?

QNXT has the higher dividend yield at 0.60%, compared with 0.00% for BUFQ.

What is the main difference between BUFQ and QNXT?

BUFQ tracks NASDAQ 100 Index - USD, while QNXT tracks Nasdaq-100 ex Top 30 UCITS Index. They also come from different issuers: FT Vest and iShares. Their fees differ too: 1.10% for BUFQ and 0.20% for QNXT.

Which has better risk-adjusted returns?

BUFQ currently has the higher Sharpe Ratio (2.62 vs 1.70), 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.