FTXN vs. QQQM

Last updated Aug 4, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - FTXN is a Energy Equities fund tracking the Nasdaq U.S. Smart Oil & Gas Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, FTXN returned 21.29%/yr vs 14.53%/yr for QQQM. Their 0.16 correlation means their historical movements had little consistent relationship. FTXN charges 0.60%/yr vs 0.15%/yr for QQQM.

Performance

FTXN vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXN achieves a 33.19% return, which is significantly higher than QQQM's 14.26% return.

FTXN

• 1D: -1.46%
• 1M: 10.17%
• 6M: 21.29%
• YTD: 33.19%
• 1Y: 37.62%
• 3Y*: 11.13%
• 5Y*: 21.29%
• 10Y*: —
• ALL TIME*: 8.78%

QQQM

• 1D: 1.76%
• 1M: -1.76%
• 6M: 12.09%
• YTD: 14.26%
• 1Y: 27.06%
• 3Y*: 24.26%
• 5Y*: 14.53%
• 10Y*: —
• ALL TIME*: 16.84%

*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)
FTXN First Trust Nasdaq Oil & Gas ETF	$2.09M	$2.65M	$47.21M
QQQM Invesco NASDAQ 100 ETF	$1.05B	$933.44M	$1.20B

FTXN vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTXN First Trust Nasdaq Oil & Gas ETF	33.19%	-0.17%	4.06%	4.91%	47.45%	69.21%	15.91%
QQQM Invesco NASDAQ 100 ETF	14.26%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between FTXN and QQQM is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (3Y) Balances recent behavior with more history.	0.06
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.16

The correlation between FTXN and QQQM shifts across timeframes, from -0.17 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

FTXN vs. QQQM - Sectors Allocation Comparison

Sectors	FTXN	QQQM
Energy	100.0%	0.5%
Industrials	2.3%	2.7%
Basic Materials	-	1.0%
Communication Services	-	13.1%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	6.3%
Financial Services	-	0.2%
Healthcare	-	3.6%
Real Estate	-	0.1%
Technology	-	60.9%
Utilities	-	1.1%

Return for Risk

FTXN vs. QQQM — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 59
FTXN Sharpe Ratio Rank: 67
FTXN Sortino Ratio Rank: 60
FTXN Omega Ratio Rank: 58
FTXN Calmar Ratio Rank: 62
FTXN Martin Ratio Rank: 48

QQQM

QQQM Risk / Return Rank: 59
QQQM Sharpe Ratio Rank: 59
QQQM Sortino Ratio Rank: 55
QQQM Omega Ratio Rank: 55
QQQM Calmar Ratio Rank: 64
QQQM Martin Ratio Rank: 59

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.

FTXN vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) and Invesco NASDAQ 100 ETF (QQQM). 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.

	FTXN	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.42	+0.20
Sortino ratio: Return per unit of downside risk	2.14	1.96	+0.18
Omega ratio: Gain probability vs. loss probability	1.27	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.30	2.27	+0.03
Martin ratio: Return relative to average drawdown	5.81	7.22	-1.40

FTXN vs. QQQM - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.62, which is comparable to the QQQM Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FTXN and QQQM, 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

FTXN vs. QQQM - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for FTXN and QQQM.

Drawdown Indicators

	FTXN	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-35.04%	-38.45%
Max Drawdown (1Y) Largest decline over 1 year	-16.42%	-11.96%	-4.46%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	-22.70%	-4.26%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-35.04%	+5.07%
Current Drawdown Current decline from peak	-7.03%	-6.06%	-0.97%
Average Drawdown Average peak-to-trough decline	-19.09%	-8.14%	-10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.49%	3.76%	+2.73%

Volatility

FTXN vs. QQQM - Volatility Comparison

First Trust Nasdaq Oil & Gas ETF (FTXN) has a higher volatility of 7.55% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.91%. This indicates that FTXN's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXN	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	6.91%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	18.74%	15.95%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	23.45%	19.23%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.45%	22.76%	+6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.70%	22.33%	+9.37%

FTXN vs. QQQM - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

FTXN vs. QQQM - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 1.76%, more than QQQM's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXN First Trust Nasdaq Oil & Gas ETF	1.76%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%
QQQM Invesco NASDAQ 100 ETF	0.45%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTXN and QQQM in my portfolio?

FTXN and QQQM have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or QQQM?

FTXN has higher volatility (7.55%) compared to QQQM (6.91%). In terms of maximum drawdown, FTXN dropped -73.49% vs QQQM's -35.04%.

Which ETF is better, FTXN or QQQM?

On 5-year performance, FTXN leads with 21.29% vs 14.53% for QQQM. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXN or QQQM?

Over the 5-year period, FTXN has performed better with a 21.29% return vs 14.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.60% for FTXN.

Which ETF pays a higher dividend yield, FTXN or QQQM?

FTXN has the higher dividend yield at 1.76%, compared with 0.45% for QQQM.

What is the main difference between FTXN and QQQM?

FTXN is categorized as Energy Equities, while QQQM is Nasdaq-100. FTXN tracks Nasdaq U.S. Smart Oil & Gas Index, while QQQM tracks NASDAQ-100 Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for FTXN and 0.15% for QQQM.

Which has better risk-adjusted returns?

FTXN currently has the higher Sharpe Ratio (1.61 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.