QQXT vs. GQGU
QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and GQGU (GQG US Equity ETF) are both exchange-traded funds - QQXT is a Nasdaq-100 fund tracking the NASDAQ-100 Ex-Tech Sector Index, while GQGU is a Large Cap Growth Equities fund actively managed by GQG Partners. QQXT is passively managed, while GQGU is actively managed. At a 0.29 correlation, their price movements are largely independent. QQXT charges 0.60%/yr vs 0.49%/yr for GQGU.
Performance
QQXT vs. GQGU - Performance Comparison
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Returns By Period
In the year-to-date period, QQXT achieves a -1.57% return, which is significantly lower than GQGU's 6.60% return.
QQXT
- 1D
- -0.25%
- 1M
- -0.88%
- YTD
- -1.57%
- 6M
- -1.64%
- 1Y
- -0.05%
- 3Y*
- 7.28%
- 5Y*
- 4.06%
- 10Y*
- 10.01%
GQGU
- 1D
- -1.06%
- 1M
- -1.65%
- YTD
- 6.60%
- 6M
- 7.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQXT vs. GQGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | -1.57% | 0.64% |
GQGU GQG US Equity ETF | 6.60% | -1.14% |
Correlation
The correlation between QQXT and GQGU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.29 |
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Return for Risk
QQXT vs. GQGU — Risk / Return Rank
QQXT
GQGU
QQXT vs. GQGU - 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 GQG US Equity ETF (GQGU). 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.
| QQXT | GQGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.01 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | — | — |
| Martin ratioReturn relative to average drawdown | -0.01 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQXT | GQGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.60 | -0.15 |
Drawdowns
QQXT vs. GQGU - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.45%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for QQXT and GQGU.
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Drawdown Indicators
| QQXT | GQGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.45% | -6.65% | -50.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | — | — |
Current DrawdownCurrent decline from peak | -5.98% | -4.66% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -2.54% | -5.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | — | — |
Volatility
QQXT vs. GQGU - Volatility Comparison
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Volatility by Period
| QQXT | GQGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 10.14% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 10.14% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 10.14% | +7.40% |
QQXT vs. GQGU - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than GQGU's 0.49% expense ratio.
Dividends
QQXT vs. GQGU - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 1.23%, more than GQGU's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GQGU GQG US Equity ETF | 0.96% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 1.23% | 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 GQGU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GQGU is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GQGU is cheaper with a 0.49% expense ratio, compared with 0.60% for QQXT.
QQXT has the higher dividend yield at 1.23%, compared with 0.96% for GQGU.
QQXT is categorized as Nasdaq-100, while GQGU is Large Cap Growth Equities. They also come from different issuers: First Trust and GQG Partners. Their fees differ too: 0.60% for QQXT and 0.49% for GQGU.
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