QNDX vs. QCAP
QNDX (SPDR Portfolio Nasdaq 100 ETF) and QCAP (FT Vest NASDAQ-100 Conservative Buffer ETF - April) are both Nasdaq-100 funds. QNDX is passively managed, while QCAP is actively managed. Their 0.97 correlation means they have historically moved very closely together. QNDX charges 0.10%/yr vs 0.90%/yr for QCAP.
Performance
QNDX vs. QCAP - Performance Comparison
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Returns By Period
QNDX
- 1D
- -0.86%
- 1M
- -0.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QCAP
- 1D
- -0.01%
- 1M
- 0.58%
- 6M
- 5.09%
- YTD
- 5.41%
- 1Y
- 8.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $440.76K | $295.21K | $395.38K | |
| $14.09M | $14.07M | $12.53M |
QNDX vs. QCAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.41% |
QCAP FT Vest NASDAQ-100 Conservative Buffer ETF - April | 1.37% |
Correlation
The correlation between QNDX and QCAP is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026 | 0.97 |
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Return for Risk
QNDX vs. QCAP — Risk / Return Rank
QNDX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QCAP
QNDX vs. QCAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) and FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP). 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.
| QNDX | QCAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.49 | — |
| Martin ratioReturn relative to average drawdown | — | 18.85 | — |
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Drawdowns
QNDX vs. QCAP - Drawdown Comparison
The maximum QNDX drawdown since its inception was -10.10%, which is greater than QCAP's maximum drawdown of -9.17%. Use the drawdown chart below to compare losses from any high point for QNDX and QCAP.
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Drawdown Indicators
| QNDX | QCAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.10% | -9.17% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.58% | — |
Current DrawdownCurrent decline from peak | -2.57% | -0.01% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -0.55% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.48% | — |
Volatility
QNDX vs. QCAP - Volatility Comparison
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Volatility by Period
| QNDX | QCAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 4.25% | +20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 8.70% | +16.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 8.70% | +16.28% |
QNDX vs. QCAP - Expense Ratio Comparison
QNDX has a 0.10% expense ratio, which is lower than QCAP's 0.90% expense ratio.
Dividends
QNDX vs. QCAP - Dividend Comparison
Neither QNDX nor QCAP has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, QNDX and QCAP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QNDX is cheaper with a 0.10% expense ratio, compared with 0.90% for QCAP.
QNDX and QCAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: State Street and FT Vest. Their fees differ too: 0.10% for QNDX and 0.90% for QCAP.
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