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FTXN vs. QQQM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FTXN vs. QQQM

Last updated Jun 24, 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 15.78%/yr vs 16.11%/yr for QQQM. At a 0.17 correlation, their price movements are largely independent. 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.

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Returns By Period

In the year-to-date period, FTXN achieves a 23.36% return, which is significantly higher than QQQM's 16.48% return.

FTXN

1D
0.53%
1M
-8.34%
YTD
23.36%
6M
24.04%
1Y
26.63%
3Y*
13.55%
5Y*
15.78%
10Y*
—

QQQM

1D
-3.30%
1M
-0.42%
YTD
16.48%
6M
15.00%
1Y
34.99%
3Y*
26.15%
5Y*
16.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FTXN vs. QQQM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FTXN
First Trust Nasdaq Oil & Gas ETF		23.36%-0.17%4.06%4.91%47.45%69.21%15.91%
QQQM
Invesco NASDAQ 100 ETF		16.48%20.85%25.68%55.01%-32.52%27.45%6.64%

Correlation

The correlation between FTXN and QQQM is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2020

0.17

The correlation between FTXN and QQQM shifts across timeframes, from -0.14 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

FTXN vs. QQQM - Sectors Allocation Comparison

Sectors
FTXN
QQQM

Energy

100.0%
0.5%

Basic Materials

-

1.0%

Communication Services

-

14.3%

Consumer Cyclical

-

11.4%

Consumer Defensive

-

6.4%

Financial Services

-

0.2%

Healthcare

-

3.7%

Industrials

-

2.6%

Real Estate

-

0.1%

Technology

-

58.7%

Utilities

-

1.2%

Energy

FTXN
100.0%
QQQM
0.5%

Basic Materials

FTXN

-

QQQM
1.0%

Communication Services

FTXN

-

QQQM
14.3%

Consumer Cyclical

FTXN

-

QQQM
11.4%

Consumer Defensive

FTXN

-

QQQM
6.4%

Financial Services

FTXN

-

QQQM
0.2%

Healthcare

FTXN

-

QQQM
3.7%

Industrials

FTXN

-

QQQM
2.6%

Real Estate

FTXN

-

QQQM
0.1%

Technology

FTXN

-

QQQM
58.7%

Utilities

FTXN

-

QQQM
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Nasdaq Oil & Gas ETF

Invesco NASDAQ 100 ETF

Often compared with FTXN:
FTXN vs. XLEFTXN vs. VDEFTXN vs. VTIFTXN vs. PXEFTXN vs. FSPGXFTXN vs. AMLPFTXN vs. IEO
Often compared with QQQM:
QQQM vs. QQQQQQM vs. SCHGQQQM vs. VOOQQQM vs. VGTQQQM vs. SCHDQQQM vs. FTECQQQM vs. JEPQ

Return for Risk

FTXN vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FTXN
FTXN Risk / Return Rank: 3333
Overall Rank
FTXN Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
FTXN Sortino Ratio Rank: 3232
Sortino Ratio Rank
FTXN Omega Ratio Rank: 3030
Omega Ratio Rank
FTXN Calmar Ratio Rank: 3636
Calmar Ratio Rank
FTXN Martin Ratio Rank: 3434
Martin Ratio Rank
QQQM
QQQM Risk / Return Rank: 6060
Overall Rank
QQQM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QQQM Sortino Ratio Rank: 5656
Sortino Ratio Rank
QQQM Omega Ratio Rank: 5959
Omega Ratio Rank
QQQM Calmar Ratio Rank: 6161
Calmar Ratio Rank
QQQM Martin Ratio Rank: 6262
Martin Ratio Rank
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.

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.

FTXNQQQMDifference
Sharpe ratioReturn per unit of total volatility
1.15
1.97

-0.82

Sortino ratioReturn per unit of downside risk
1.62
2.58

-0.96

Omega ratioGain probability vs. loss probability

1.20

1.35

-0.15

Calmar ratioReturn relative to maximum drawdown

1.70

2.94

-1.24

Martin ratioReturn relative to average drawdown

4.89

10.88

-5.99

FTXN vs. QQQM - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.15, which is lower than the QQQM Sharpe Ratio of 1.97. 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.

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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.

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Drawdown Indicators

FTXNQQQMDifference

Max Drawdown

Largest peak-to-trough decline

-73.49%

-35.04%

-38.45%

Max Drawdown (1Y)

Largest decline over 1 year

-15.74%

-11.96%

-3.78%

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

-13.90%

-4.24%

-9.66%

Average Drawdown

Average peak-to-trough decline

-19.19%

-8.20%

-10.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.46%

3.22%

+2.24%

Volatility

FTXN vs. QQQM - Volatility Comparison

The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 7.94%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.00%. This indicates that FTXN experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FTXNQQQMDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.94%

9.00%

-1.06%

Volatility (6M)

Calculated over the trailing 6-month period

18.16%

14.43%

+3.73%

Volatility (1Y)

Calculated over the trailing 1-year period

23.41%

17.85%

+5.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.67%

22.53%

+7.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.78%

22.30%

+9.48%

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 2.20%, more than QQQM's 0.44% yield.

PositionTTM2025202420232022202120202019201820172016
FTXN
First Trust Nasdaq Oil & Gas ETF		2.20%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		0.44%0.50%0.61%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FTXN and QQQM have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQM has higher volatility (9.00%) compared to FTXN (7.94%). In terms of maximum drawdown, FTXN dropped -73.49% vs QQQM's -35.04%.

On 5-year performance, QQQM leads with 16.11% vs 15.78% for FTXN. On fees, QQQM is cheaper at 0.15% per year. On volatility, FTXN has been the lower-risk option at 7.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, QQQM has performed better with a 16.11% return vs 15.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

FTXN has the higher dividend yield at 2.20%, compared with 0.44% for 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.

QQQM currently has the higher Sharpe Ratio (1.97 vs 1.15), 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.

Portfolio Optimizer

Find the right allocation for FTXN and QQQM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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