QMMY vs. QQQE

Last updated Jul 17, 2026

QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both Nasdaq-100 funds. QMMY is actively managed, while QQQE is passively managed. Over the past year, QMMY returned 10.49% vs 21.29% for QQQE. Their correlation of 0.85 suggests significant overlap in exposure. QMMY charges 0.90%/yr vs 0.35%/yr for QQQE.

Performance

QMMY vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMMY achieves a 4.28% return, which is significantly lower than QQQE's 16.12% return.

QMMY

• 1D: -0.57%
• 1M: -0.93%
• 6M: 3.80%
• YTD: 4.28%
• 1Y: 10.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: -0.26%
• 1M: -1.61%
• 6M: 13.70%
• YTD: 16.12%
• 1Y: 21.29%
• 3Y*: 14.88%
• 5Y*: 9.06%
• 10Y*: 14.91%

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

QMMY vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	4.28%	15.80%	8.37%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	16.12%	14.58%	2.32%

Correlation

The correlation between QMMY and QQQE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 20, 2024	0.85

The correlation between QMMY and QQQE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

QMMY vs. QQQE — Risk / Return Rank

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

QMMY

QMMY Risk / Return Rank: 61
QMMY Sharpe Ratio Rank: 49
QMMY Sortino Ratio Rank: 49
QMMY Omega Ratio Rank: 55
QMMY Calmar Ratio Rank: 69
QMMY Martin Ratio Rank: 81

QQQE

QQQE Risk / Return Rank: 49
QQQE Sharpe Ratio Rank: 47
QQQE Sortino Ratio Rank: 45
QQQE Omega Ratio Rank: 44
QQQE Calmar Ratio Rank: 56
QQQE Martin Ratio Rank: 54

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.

QMMY vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

	QMMY	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.35	+0.03
Sortino ratio: Return per unit of downside risk	2.00	1.90	+0.11
Omega ratio: Gain probability vs. loss probability	1.28	1.24	+0.04
Calmar ratio: Return relative to maximum drawdown	2.76	2.27	+0.49
Martin ratio: Return relative to average drawdown	12.44	7.47	+4.97

QMMY vs. QQQE - Sharpe Ratio Comparison

The current QMMY Sharpe Ratio is 1.38, which is comparable to the QQQE Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of QMMY and QQQE, 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

QMMY vs. QQQE - Drawdown Comparison

The maximum QMMY drawdown since its inception was -12.82%, smaller than the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QMMY and QQQE.

Drawdown Indicators

	QMMY	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-12.82%	-32.14%	+19.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.82%	-9.41%	+5.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-1.81%	-3.35%	+1.54%
Average Drawdown Average peak-to-trough decline	-1.14%	-5.14%	+4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	2.86%	-2.01%

Volatility

QMMY vs. QQQE - Volatility Comparison

The current volatility for FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) is 3.38%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 4.96%. This indicates that QMMY experiences smaller price fluctuations and is considered to be less risky than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QMMY	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	4.96%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	12.91%	-6.30%
Volatility (1Y) Calculated over the trailing 1-year period	7.61%	15.82%	-8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	20.58%	-9.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.06%	20.74%	-9.68%

QMMY vs. QQQE - Expense Ratio Comparison

QMMY has a 0.90% expense ratio, which is higher than QQQE's 0.35% expense ratio.

Dividends

QMMY vs. QQQE - Dividend Comparison

QMMY has not paid dividends to shareholders, while QQQE's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.57%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%

Frequently Asked Questions

Can I hold both QMMY and QQQE in my portfolio?

QMMY and QQQE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QMMY or QQQE?

QQQE has higher volatility (4.96%) compared to QMMY (3.38%). In terms of maximum drawdown, QMMY dropped -12.82% vs QQQE's -32.14%.

Which ETF is better, QMMY or QQQE?

On 1-year performance, QQQE leads with 21.29% vs 10.49% for QMMY. On fees, QQQE is cheaper at 0.35% per year. On volatility, QMMY has been the lower-risk option at 3.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMMY or QQQE?

Over the 1-year period, QQQE has performed better with a 21.29% return vs 10.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMMY or QQQE?

QQQE is cheaper with a 0.35% expense ratio, compared with 0.90% for QMMY.

Which ETF pays a higher dividend yield, QMMY or QQQE?

QQQE has the higher dividend yield at 0.57%, compared with 0.00% for QMMY.

What is the main difference between QMMY and QQQE?

They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.90% for QMMY and 0.35% for QQQE.

Which has better risk-adjusted returns?

QMMY currently has the higher Sharpe Ratio (1.38 vs 1.35), 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.