QQXT vs. IGLD
QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - QQXT is a Nasdaq-100 fund tracking the NASDAQ-100 Ex-Tech Sector Index, while IGLD is a Precious Metals fund actively managed by First Trust. QQXT is passively managed, while IGLD is actively managed. Over the past 5 years, QQXT returned 4.06%/yr vs 13.02%/yr for IGLD. At a 0.13 correlation, their price movements are largely independent. QQXT charges 0.60%/yr vs 0.85%/yr for IGLD.
Performance
QQXT vs. IGLD - 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 IGLD's 1.69% 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%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
QQXT vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | -1.57% | 8.02% | 6.71% | 16.81% | -13.09% | 14.57% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between QQXT and IGLD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.13 |
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Return for Risk
QQXT vs. IGLD — Risk / Return Rank
QQXT
IGLD
QQXT vs. IGLD - 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 FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.22 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.40 | -1.41 |
| Martin ratioReturn relative to average drawdown | -0.01 | 3.82 | -3.84 |
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 | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | 1.06 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.86 | -0.61 |
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 | 0.94 | -0.48 |
Drawdowns
QQXT vs. IGLD - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.45%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for QQXT and IGLD.
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Drawdown Indicators
| QQXT | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.45% | -18.59% | -38.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -17.56% | +9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | -17.56% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.74% | -18.59% | -6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -30.40% | — | — |
Current DrawdownCurrent decline from peak | -5.98% | -15.16% | +9.18% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -5.24% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 6.43% | -3.25% |
Volatility
QQXT vs. IGLD - Volatility Comparison
The current volatility for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) is 2.44%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that QQXT experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQXT | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 5.12% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 21.01% | -13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.77% | 23.24% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 15.17% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 15.00% | +2.54% |
QQXT vs. IGLD - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
QQXT vs. IGLD - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 1.23%, less than IGLD's 17.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 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 IGLD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to QQXT (2.44%). In terms of maximum drawdown, QQXT dropped -57.45% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 4.06% for QQXT. On fees, QQXT is cheaper at 0.60% per year. On volatility, QQXT has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGLD has performed better with a 13.02% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQXT is cheaper with a 0.60% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 1.23% for QQXT.
QQXT is categorized as Nasdaq-100, while IGLD is Precious Metals. Their fees differ too: 0.60% for QQXT and 0.85% for IGLD.
IGLD currently has the higher Sharpe Ratio (1.06 vs -0.00), 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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