CTEF vs. QIDX

Last updated Aug 4, 2026

CTEF (Castellan Targeted Equity ETF) and QIDX (Indexperts Quality Earnings Focused ETF) are both exchange-traded funds - CTEF is a Mid Cap Blend Equities fund actively managed by Castellan, while QIDX is a Quality Factor fund actively managed by Indexperts. Both are actively managed. Over the past year, CTEF returned 63.83% vs 15.60% for QIDX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. CTEF charges 0.45%/yr vs 0.50%/yr for QIDX.

Performance

CTEF vs. QIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castellan Targeted Equity ETF (CTEF) and Indexperts Quality Earnings Focused ETF (QIDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTEF achieves a 35.91% return, which is significantly higher than QIDX's 11.73% return.

CTEF

• 1D: 1.43%
• 1M: -0.30%
• 6M: 25.55%
• YTD: 35.91%
• 1Y: 63.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 69.35%

QIDX

• 1D: 1.21%
• 1M: 1.50%
• 6M: 7.13%
• YTD: 11.73%
• 1Y: 15.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.68%

*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)
CTEF Castellan Targeted Equity ETF	$472.94K	$711.02K	$362.93K
QIDX Indexperts Quality Earnings Focused ETF	$57.20K	$64.59K	$41.81K

CTEF vs. QIDX - Yearly Performance Comparison

	2026 (YTD)	2025
CTEF Castellan Targeted Equity ETF	35.91%	33.10%
QIDX Indexperts Quality Earnings Focused ETF	11.73%	5.37%

Correlation

The correlation between CTEF and QIDX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.67

The correlation between CTEF and QIDX has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

CTEF vs. QIDX — Risk / Return Rank

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

CTEF

CTEF Risk / Return Rank: 92
CTEF Sharpe Ratio Rank: 94
CTEF Sortino Ratio Rank: 92
CTEF Omega Ratio Rank: 90
CTEF Calmar Ratio Rank: 92
CTEF Martin Ratio Rank: 93

QIDX

QIDX Risk / Return Rank: 54
QIDX Sharpe Ratio Rank: 52
QIDX Sortino Ratio Rank: 54
QIDX Omega Ratio Rank: 48
QIDX Calmar Ratio Rank: 57
QIDX Martin Ratio Rank: 58

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.

CTEF vs. QIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castellan Targeted Equity ETF (CTEF) and Indexperts Quality Earnings Focused ETF (QIDX). 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.

	CTEF	QIDX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.42	+1.30
Sortino ratio: Return per unit of downside risk	3.57	2.10	+1.47
Omega ratio: Gain probability vs. loss probability	1.44	1.25	+0.19
Calmar ratio: Return relative to maximum drawdown	4.28	2.26	+2.01
Martin ratio: Return relative to average drawdown	18.06	7.59	+10.47

CTEF vs. QIDX - Sharpe Ratio Comparison

The current CTEF Sharpe Ratio is 2.72, which is higher than the QIDX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of CTEF and QIDX, 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

CTEF vs. QIDX - Drawdown Comparison

The maximum CTEF drawdown since its inception was -15.00%, roughly equal to the maximum QIDX drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for CTEF and QIDX.

Drawdown Indicators

	CTEF	QIDX	Difference
Max Drawdown Largest peak-to-trough decline	-15.00%	-14.99%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.00%	-6.92%	-8.08%
Current Drawdown Current decline from peak	-3.84%	0.00%	-3.84%
Average Drawdown Average peak-to-trough decline	-1.97%	-2.13%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	2.06%	+1.48%

Volatility

CTEF vs. QIDX - Volatility Comparison

Castellan Targeted Equity ETF (CTEF) has a higher volatility of 6.81% compared to Indexperts Quality Earnings Focused ETF (QIDX) at 2.81%. This indicates that CTEF's price experiences larger fluctuations and is considered to be riskier than QIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEF	QIDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.81%	2.81%	+4.00%
Volatility (6M) Calculated over the trailing 6-month period	19.66%	8.24%	+11.42%
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	11.02%	+12.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.65%	14.21%	+8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.65%	14.21%	+8.44%

CTEF vs. QIDX - Expense Ratio Comparison

CTEF has a 0.45% expense ratio, which is lower than QIDX's 0.50% expense ratio.

Dividends

CTEF vs. QIDX - Dividend Comparison

CTEF's dividend yield for the trailing twelve months is around 0.06%, less than QIDX's 0.85% yield.

Position	TTM	2025
CTEF Castellan Targeted Equity ETF	0.06%	0.08%
QIDX Indexperts Quality Earnings Focused ETF	0.85%	0.84%

Frequently Asked Questions

Can I hold both CTEF and QIDX in my portfolio?

CTEF and QIDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTEF or QIDX?

CTEF has higher volatility (6.81%) compared to QIDX (2.81%). In terms of maximum drawdown, CTEF dropped -15.00% vs QIDX's -14.99%.

Which ETF is better, CTEF or QIDX?

On 1-year performance, CTEF leads with 63.83% vs 15.60% for QIDX. On fees, CTEF is cheaper at 0.45% per year. On volatility, QIDX has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CTEF or QIDX?

Over the 1-year period, CTEF has performed better with a 63.83% return vs 15.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CTEF or QIDX?

CTEF is cheaper with a 0.45% expense ratio, compared with 0.50% for QIDX.

Which ETF pays a higher dividend yield, CTEF or QIDX?

QIDX has the higher dividend yield at 0.85%, compared with 0.06% for CTEF.

What is the main difference between CTEF and QIDX?

CTEF is categorized as Mid Cap Blend Equities, while QIDX is Quality Factor. They also come from different issuers: Castellan and Indexperts. Their fees differ too: 0.45% for CTEF and 0.50% for QIDX.

Which has better risk-adjusted returns?

CTEF currently has the higher Sharpe Ratio (2.72 vs 1.42), 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.