QQXT vs. FNILX
Compare and contrast key facts about First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and Fidelity ZERO Large Cap Index Fund (FNILX).
QQXT is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Ex-Tech Sector Index. It was launched on Feb 8, 2007. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQXT or FNILX.
Correlation
The correlation between QQXT and FNILX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQXT vs. FNILX - Performance Comparison
Key characteristics
QQXT:
0.67
FNILX:
2.01
QQXT:
0.98
FNILX:
2.68
QQXT:
1.12
FNILX:
1.37
QQXT:
1.21
FNILX:
2.99
QQXT:
3.31
FNILX:
12.90
QQXT:
2.25%
FNILX:
2.00%
QQXT:
11.05%
FNILX:
12.84%
QQXT:
-57.43%
FNILX:
-33.75%
QQXT:
-4.51%
FNILX:
-3.10%
Returns By Period
In the year-to-date period, QQXT achieves a 7.94% return, which is significantly lower than FNILX's 26.05% return.
QQXT
7.94%
-4.00%
7.40%
7.58%
10.83%
9.56%
FNILX
26.05%
-1.39%
9.37%
25.68%
14.69%
N/A
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QQXT vs. FNILX - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than FNILX's 0.00% expense ratio.
Risk-Adjusted Performance
QQXT vs. FNILX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.
Dividends
QQXT vs. FNILX - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 0.97%, while FNILX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 0.97% | 1.10% | 0.92% | 0.35% | 0.28% | 0.35% | 0.38% | 0.32% | 0.31% | 0.40% | 0.84% | 0.27% |
FNILX Fidelity ZERO Large Cap Index Fund | 0.00% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QQXT vs. FNILX - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.43%, which is greater than FNILX's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for QQXT and FNILX. For additional features, visit the drawdowns tool.
Volatility
QQXT vs. FNILX - Volatility Comparison
The current volatility for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) is 3.91%, while Fidelity ZERO Large Cap Index Fund (FNILX) has a volatility of 4.33%. This indicates that QQXT experiences smaller price fluctuations and is considered to be less risky than FNILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.