QQQM vs. FTQI

Last updated Aug 6, 2026

QQQM (Invesco NASDAQ 100 ETF) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both Nasdaq-100 funds tracking the NASDAQ-100 Index, from Invesco and First Trust respectively. Both are passively managed. Over the past 5 years, QQQM returned 15.05%/yr vs 12.35%/yr for FTQI. Their 0.75 correlation means they have sometimes moved together and sometimes differently. QQQM charges 0.15%/yr vs 0.75%/yr for FTQI.

Performance

QQQM vs. FTQI - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQM achieves a 17.07% return, which is significantly higher than FTQI's 14.21% return.

QQQM

• 1D: -0.90%
• 1M: -0.73%
• 6M: 18.73%
• YTD: 17.07%
• 1Y: 28.72%
• 3Y*: 25.27%
• 5Y*: 15.05%
• 10Y*: —
• ALL TIME*: 17.31%

FTQI

• 1D: 1.69%
• 1M: 2.21%
• 6M: 12.75%
• YTD: 14.21%
• 1Y: 25.06%
• 3Y*: 17.53%
• 5Y*: 12.35%
• 10Y*: 8.40%
• ALL TIME*: 7.16%

*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)
FTQI First Trust Nasdaq BuyWrite Income ETF	$11.42M	$8.65M	$5.98M
QQQM Invesco NASDAQ 100 ETF	$1.17B	$981.56M	$1.20B

QQQM vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	17.07%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%
FTQI First Trust Nasdaq BuyWrite Income ETF	14.21%	12.68%	18.30%	23.63%	-8.77%	10.46%	3.31%

Correlation

The correlation between QQQM and FTQI is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.75

The correlation between QQQM and FTQI shifts across timeframes, from 0.75 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.

QQQM vs. FTQI - Sectors Allocation Comparison

Sectors	QQQM	FTQI
Technology	60.9%	47.4%
Communication Services	13.1%	8.5%
Consumer Cyclical	10.7%	11.6%
Consumer Defensive	6.3%	7.4%
Healthcare	3.6%	7.6%
Industrials	2.7%	6.3%
Utilities	1.1%	1.5%
Basic Materials	1.0%	1.1%
Energy	0.5%	2.2%
Financial Services	0.2%	5.2%
Real Estate	0.1%	1.1%

Return for Risk

QQQM vs. FTQI — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 54
QQQM Sharpe Ratio Rank: 53
QQQM Sortino Ratio Rank: 50
QQQM Omega Ratio Rank: 50
QQQM Calmar Ratio Rank: 61
QQQM Martin Ratio Rank: 57

FTQI

FTQI Risk / Return Rank: 88
FTQI Sharpe Ratio Rank: 87
FTQI Sortino Ratio Rank: 86
FTQI Omega Ratio Rank: 86
FTQI Calmar Ratio Rank: 89
FTQI Martin Ratio Rank: 93

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.

QQQM vs. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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.

	QQQM	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.24	-0.75
Sortino ratio: Return per unit of downside risk	2.06	3.14	-1.08
Omega ratio: Gain probability vs. loss probability	1.26	1.41	-0.15
Calmar ratio: Return relative to maximum drawdown	2.41	4.03	-1.62
Martin ratio: Return relative to average drawdown	7.64	18.19	-10.55

QQQM vs. FTQI - Sharpe Ratio Comparison

The current QQQM Sharpe Ratio is 1.49, which is lower than the FTQI Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of QQQM and FTQI, 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

QQQM vs. FTQI - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for QQQM and FTQI.

Drawdown Indicators

	QQQM	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-19.42%	-15.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-6.24%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	-19.42%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	-19.42%	-15.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.42%	—
Current Drawdown Current decline from peak	-3.76%	0.00%	-3.76%
Average Drawdown Average peak-to-trough decline	-8.14%	-3.72%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	1.38%	+2.39%

Volatility

QQQM vs. FTQI - Volatility Comparison

Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 7.41% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 3.91%. This indicates that QQQM's price experiences larger fluctuations and is considered to be riskier than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQM	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	3.91%	+3.50%
Volatility (6M) Calculated over the trailing 6-month period	16.21%	9.21%	+7.00%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	11.32%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	14.80%	+8.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	12.94%	+9.42%

QQQM vs. FTQI - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than FTQI's 0.75% expense ratio.

Dividends

QQQM vs. FTQI - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.44%, less than FTQI's 11.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	11.01%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
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%	0.00%

Frequently Asked Questions

Can I hold both QQQM and FTQI in my portfolio?

With a correlation of 0.91, QQQM and FTQI 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.

Which is riskier, QQQM or FTQI?

QQQM has higher volatility (7.41%) compared to FTQI (3.91%). In terms of maximum drawdown, QQQM dropped -35.04% vs FTQI's -19.42%.

Which ETF is better, QQQM or FTQI?

On 5-year performance, QQQM leads with 15.05% vs 12.35% for FTQI. On fees, QQQM is cheaper at 0.15% per year. On volatility, FTQI has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQM or FTQI?

Over the 5-year period, QQQM has performed better with a 15.05% return vs 12.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQM or FTQI?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.75% for FTQI.

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

FTQI has the higher dividend yield at 11.01%, compared with 0.44% for QQQM.

What is the main difference between QQQM and FTQI?

Both ETFs track NASDAQ-100 Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.15% for QQQM and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.24 vs 1.49), 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.