QQXT vs. BIL
QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - QQXT is a Nasdaq-100 fund tracking the NASDAQ-100 Ex-Tech Sector Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 10 years, QQXT returned 10.56%/yr vs 2.20%/yr for BIL. At a correlation of -0.04, they often move in opposite directions. QQXT charges 0.60%/yr vs 0.14%/yr for BIL.
Performance
QQXT vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, QQXT achieves a -2.69% return, which is significantly lower than BIL's 1.66% return. Over the past 10 years, QQXT has outperformed BIL with an annualized return of 10.56%, while BIL has yielded a comparatively lower 2.20% annualized return.
QQXT
- 1D
- -0.33%
- 1M
- -2.21%
- YTD
- -2.69%
- 6M
- -3.44%
- 1Y
- 1.11%
- 3Y*
- 6.53%
- 5Y*
- 3.50%
- 10Y*
- 10.56%
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 1.75%
- 1Y
- 3.85%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
QQXT vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | -2.69% | 8.02% | 6.71% | 16.81% | -13.09% | 12.02% | 36.85% | 28.02% | -5.74% | 20.69% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.66% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between QQXT and BIL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 30, 2007 | -0.04 |
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Return for Risk
QQXT vs. BIL — Risk / Return Rank
QQXT
BIL
QQXT vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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.
| QQXT | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.27 | ||
| Sortino ratioReturn per unit of downside risk | -172.94 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 87.41 | -86.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 353.28 | -353.13 |
| Martin ratioReturn relative to average drawdown | 0.33 | 2,801.35 | -2,801.02 |
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Drawdowns
QQXT vs. BIL - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.45%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for QQXT and BIL.
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Drawdown Indicators
| QQXT | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.45% | -0.78% | -56.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -0.01% | -7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | -0.01% | -14.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.74% | -0.09% | -24.65% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | -0.21% | -30.19% |
Current DrawdownCurrent decline from peak | -7.05% | 0.00% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -0.26% | -7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 0.00% | +3.41% |
Volatility
QQXT vs. BIL - Volatility Comparison
First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) has a higher volatility of 3.00% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that QQXT's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQXT | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 0.07% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 0.14% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 0.20% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 0.26% | +16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 0.26% | +17.29% |
QQXT vs. BIL - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
QQXT vs. BIL - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 1.25%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 1.25% | 1.20% | 0.98% | 1.10% | 0.92% | 0.35% | 0.28% | 0.35% | 0.38% | 0.32% | 0.31% | 0.40% |
Frequently Asked Questions
QQXT and BIL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQXT has higher volatility (3.00%) compared to BIL (0.07%). In terms of maximum drawdown, QQXT dropped -57.45% vs BIL's -0.78%.
On 10-year performance, QQXT leads with 10.56% vs 2.20% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQXT has performed better with a 10.56% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.60% for QQXT.
BIL has the higher dividend yield at 3.85%, compared with 1.25% for QQXT.
QQXT is categorized as Nasdaq-100, while BIL is Government Bonds. QQXT tracks NASDAQ-100 Ex-Tech Sector Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.60% for QQXT and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.37 vs 0.10), 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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