OOQB vs. QTEC
OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) and QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) are both Nasdaq-100 funds. OOQB is actively managed, while QTEC is passively managed. Over the past year, OOQB returned -27.35% vs 67.84% for QTEC. A 0.63 correlation means they provide meaningful diversification when combined. OOQB charges 0.75%/yr vs 0.57%/yr for QTEC.
Performance
OOQB vs. QTEC - Performance Comparison
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Returns By Period
In the year-to-date period, OOQB achieves a -18.43% return, which is significantly lower than QTEC's 44.73% return.
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTEC
- 1D
- 0.07%
- 1M
- 22.39%
- YTD
- 44.73%
- 6M
- 40.31%
- 1Y
- 67.84%
- 3Y*
- 32.86%
- 5Y*
- 17.61%
- 10Y*
- 23.00%
OOQB vs. QTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 44.73% | 9.42% |
Correlation
The correlation between OOQB and QTEC is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.63 |
The correlation between OOQB and QTEC has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
OOQB vs. QTEC — Risk / Return Rank
OOQB
QTEC
OOQB vs. QTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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.
| OOQB | QTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.47 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 4.25 | -4.77 |
| Martin ratioReturn relative to average drawdown | -0.91 | 13.77 | -14.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OOQB | QTEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.53 | 2.97 | -3.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.60 | -1.01 |
Drawdowns
OOQB vs. QTEC - Drawdown Comparison
The maximum OOQB drawdown since its inception was -53.44%, smaller than the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for OOQB and QTEC.
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Drawdown Indicators
| OOQB | QTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.44% | -58.86% | +5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -53.44% | -16.03% | -37.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.54% | — |
Current DrawdownCurrent decline from peak | -43.69% | 0.00% | -43.69% |
Average DrawdownAverage peak-to-trough decline | -23.26% | -9.89% | -13.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.11% | 4.94% | +25.17% |
Volatility
OOQB vs. QTEC - Volatility Comparison
The current volatility for Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) is 0.00%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 7.34%. This indicates that OOQB experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OOQB | QTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.34% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 39.39% | 18.26% | +21.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.57% | 22.98% | +28.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.12% | 29.19% | +28.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.12% | 27.51% | +30.61% |
OOQB vs. QTEC - Expense Ratio Comparison
OOQB has a 0.75% expense ratio, which is higher than QTEC's 0.57% expense ratio.
Dividends
OOQB vs. QTEC - Dividend Comparison
OOQB's dividend yield for the trailing twelve months is around 11.62%, while QTEC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 0.00% | 0.00% | 0.02% | 0.14% | 0.15% | 0.02% | 0.44% | 0.68% | 0.91% | 0.80% | 1.29% | 0.99% |
Frequently Asked Questions
OOQB and QTEC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTEC has higher volatility (7.34%) compared to OOQB (0.00%). In terms of maximum drawdown, OOQB dropped -53.44% vs QTEC's -58.86%.
On 1-year performance, QTEC leads with 67.84% vs -27.35% for OOQB. On fees, QTEC is cheaper at 0.57% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTEC has performed better with a 67.84% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTEC is cheaper with a 0.57% expense ratio, compared with 0.75% for OOQB.
OOQB has the higher dividend yield at 11.62%, compared with 0.00% for QTEC.
They also come from different issuers: Volatility Shares and First Trust. Their fees differ too: 0.75% for OOQB and 0.57% for QTEC.
QTEC currently has the higher Sharpe Ratio (2.97 vs -0.53), 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.
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