QQXT vs. FTQI

Last updated Aug 4, 2026

QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both Nasdaq-100 funds from First Trust - QQXT tracks the NASDAQ-100 Ex-Tech Sector Index while FTQI tracks the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, QQXT returned 10.10%/yr vs 8.22%/yr for FTQI. Their 0.53 correlation means they have sometimes moved together and sometimes differently. QQXT charges 0.60%/yr vs 0.75%/yr for FTQI.

Performance

QQXT vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) 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, QQXT achieves a 1.95% return, which is significantly lower than FTQI's 12.31% return. Over the past 10 years, QQXT has outperformed FTQI with an annualized return of 10.10%, while FTQI has yielded a comparatively lower 8.22% annualized return.

QQXT

• 1D: 0.81%
• 1M: 0.95%
• 6M: 0.82%
• YTD: 1.95%
• 1Y: 4.55%
• 3Y*: 6.80%
• 5Y*: 3.88%
• 10Y*: 10.10%
• ALL TIME*: 9.15%

FTQI

• 1D: 0.78%
• 1M: 0.51%
• 6M: 10.29%
• YTD: 12.31%
• 1Y: 24.78%
• 3Y*: 16.87%
• 5Y*: 12.04%
• 10Y*: 8.22%
• ALL TIME*: 7.02%

*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	$11.49M	$8.85M	$6.01M
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund	$265.60K	$403.02K	$549.03K

QQXT vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund	1.95%	8.02%	6.71%	16.81%	-13.09%	12.02%	36.85%	28.02%	-5.74%	20.69%
FTQI First Trust Nasdaq BuyWrite Income ETF	12.31%	12.68%	18.30%	23.63%	-8.77%	10.46%	-6.54%	13.98%	-9.78%	12.47%

Correlation

The correlation between QQXT and FTQI is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jan 7, 2014	0.53

The correlation between QQXT and FTQI shifts across timeframes, from 0.41 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.

QQXT vs. FTQI - Sectors Allocation Comparison

Sectors	QQXT	FTQI
Consumer Cyclical	17.1%	11.6%
Industrials	17.0%	6.3%
Healthcare	17.0%	7.6%
Consumer Defensive	15.4%	7.4%
Communication Services	11.1%	8.5%
Technology	7.6%	47.4%
Utilities	7.6%	1.5%
Energy	3.4%	2.2%
Basic Materials	2.0%	1.1%
Financial Services	1.8%	5.2%
Real Estate	1.4%	1.1%

Return for Risk

QQXT vs. FTQI — Risk / Return Rank

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

QQXT

QQXT Risk / Return Rank: 20
QQXT Sharpe Ratio Rank: 20
QQXT Sortino Ratio Rank: 19
QQXT Omega Ratio Rank: 18
QQXT Calmar Ratio Rank: 21
QQXT Martin Ratio Rank: 20

FTQI

FTQI Risk / Return Rank: 90
FTQI Sharpe Ratio Rank: 89
FTQI Sortino Ratio Rank: 89
FTQI Omega Ratio Rank: 88
FTQI Calmar Ratio Rank: 91
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.

QQXT vs. FTQI - 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 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.

	QQXT	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	0.41	2.22	-1.81
Sortino ratio: Return per unit of downside risk	0.67	3.11	-2.44
Omega ratio: Gain probability vs. loss probability	1.08	1.41	-0.33
Calmar ratio: Return relative to maximum drawdown	0.60	3.99	-3.39
Martin ratio: Return relative to average drawdown	1.30	17.99	-16.69

QQXT vs. FTQI - Sharpe Ratio Comparison

The current QQXT Sharpe Ratio is 0.41, which is lower than the FTQI Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of QQXT 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

QQXT vs. FTQI - Drawdown Comparison

The maximum QQXT drawdown since its inception was -57.45%, which is greater than FTQI's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for QQXT and FTQI.

Drawdown Indicators

	QQXT	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-57.45%	-19.42%	-38.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-6.24%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	-19.42%	+4.50%
Max Drawdown (5Y) Largest decline over 5 years	-24.74%	-19.42%	-5.32%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	-19.42%	-10.98%
Current Drawdown Current decline from peak	-2.61%	-1.24%	-1.37%
Average Drawdown Average peak-to-trough decline	-8.08%	-3.72%	-4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	1.38%	+2.14%

Volatility

QQXT vs. FTQI - Volatility Comparison

First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) has a higher volatility of 3.95% compared to First Trust Nasdaq BuyWrite Income ETF (FTQI) at 3.67%. This indicates that QQXT'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

	QQXT	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.67%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	8.68%	9.09%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.18%	11.23%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	14.79%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	12.93%	+4.55%

QQXT vs. FTQI - Expense Ratio Comparison

QQXT has a 0.60% expense ratio, which is lower than FTQI's 0.75% expense ratio.

Dividends

QQXT vs. FTQI - Dividend Comparison

QQXT's dividend yield for the trailing twelve months is around 1.22%, less than FTQI's 11.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	11.20%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund	1.22%	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

Can I hold both QQXT and FTQI in my portfolio?

QQXT and FTQI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQXT or FTQI?

QQXT has higher volatility (3.95%) compared to FTQI (3.67%). In terms of maximum drawdown, QQXT dropped -57.45% vs FTQI's -19.42%.

Which ETF is better, QQXT or FTQI?

On 10-year performance, QQXT leads with 10.10% vs 8.22% for FTQI. On fees, QQXT is cheaper at 0.60% per year. On volatility, FTQI has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQXT or FTQI?

Over the 10-year period, QQXT has performed better with a 10.10% return vs 8.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQXT or FTQI?

QQXT is cheaper with a 0.60% expense ratio, compared with 0.75% for FTQI.

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

FTQI has the higher dividend yield at 11.20%, compared with 1.22% for QQXT.

What is the main difference between QQXT and FTQI?

QQXT tracks NASDAQ-100 Ex-Tech Sector Index, while FTQI tracks NASDAQ-100 Index. Their fees differ too: 0.60% for QQXT and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.22 vs 0.41), 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.