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QQXT vs. QB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQXT vs. QB

Last updated Jun 4, 2026

QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QQXT is a Nasdaq-100 fund tracking the NASDAQ-100 Ex-Tech Sector Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. At a 0.46 correlation, their price movements are largely independent. QQXT charges 0.60%/yr vs 0.58%/yr for QB.

Performance

QQXT vs. QB - 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 ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QQXT achieves a -1.57% return, which is significantly lower than QB's 10.47% 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%

QB

1D
-0.19%
1M
2.95%
YTD
10.47%
6M
9.91%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQXT vs. QB - Yearly Performance Comparison

2026 (YTD)2025
QQXT
First Trust Nasdaq-100 Ex-Technology Sector Index Fund		-1.57%2.51%
QB
ProShares Nasdaq-100 Dynamic Daily Buffer ETF		10.47%5.77%

Correlation

The correlation between QQXT and QB is 0.46, 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 Jun 27, 2025

0.46

QQXT vs. QB - Sectors Allocation Comparison

Sectors
QQXT
QB

Consumer Cyclical

17.6%
12.5%

Healthcare

16.9%
5.3%

Industrials

16.1%
3.7%

Consumer Defensive

15.1%
8.6%

Communication Services

11.9%
16.4%

Utilities

7.6%
1.6%

Technology

5.7%
49.9%

Energy

3.9%
0.6%

Financial Services

2.0%
0.2%

Basic Materials

1.8%
1.3%

Real Estate

1.4%
0.1%

Consumer Cyclical

QQXT
17.6%
QB
12.5%

Healthcare

QQXT
16.9%
QB
5.3%

Industrials

QQXT
16.1%
QB
3.7%

Consumer Defensive

QQXT
15.1%
QB
8.6%

Communication Services

QQXT
11.9%
QB
16.4%

Utilities

QQXT
7.6%
QB
1.6%

Technology

QQXT
5.7%
QB
49.9%

Energy

QQXT
3.9%
QB
0.6%

Financial Services

QQXT
2.0%
QB
0.2%

Basic Materials

QQXT
1.8%
QB
1.3%

Real Estate

QQXT
1.4%
QB
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Nasdaq-100 Ex-Technology Sector Index Fund

ProShares Nasdaq-100 Dynamic Daily Buffer ETF

Often compared with QQXT:
QQXT vs. QTECQQXT vs. QQQQQXT vs. QQQMQQXT vs. SPXTQQXT vs. FNILXQQXT vs. VGTQQXT vs. SCHG
Often compared with QB:
QB vs. QDTYQB vs. QMMYQB vs. JEPQQB vs. QQQQB vs. QQQYQB vs. QCJLQB vs. QBUF

Return for Risk

QQXT vs. QB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQXT
QQXT Risk / Return Rank: 88
Overall Rank
QQXT Sharpe Ratio Rank: 99
Sharpe Ratio Rank
QQXT Sortino Ratio Rank: 88
Sortino Ratio Rank
QQXT Omega Ratio Rank: 88
Omega Ratio Rank
QQXT Calmar Ratio Rank: 99
Calmar Ratio Rank
QQXT Martin Ratio Rank: 99
Martin Ratio Rank
QB
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQXT vs. QB - 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 ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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.

QQXTQBDifference
Sharpe ratioReturn per unit of total volatility
-0.00

—

—

Sortino ratioReturn per unit of downside risk
0.07

—

—

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.

QQXT vs. QB - Sharpe Ratio Comparison

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Sharpe Ratios by Period

QQXTQBDifference

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

3.17

-2.72

Drawdowns

QQXT vs. QB - Drawdown Comparison

The maximum QQXT drawdown since its inception was -57.45%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QQXT and QB.

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Drawdown Indicators

QQXTQBDifference

Max Drawdown

Largest peak-to-trough decline

-57.45%

-1.83%

-55.62%

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 Drawdown

Current decline from peak

-5.98%

-0.30%

-5.68%

Average Drawdown

Average peak-to-trough decline

-8.11%

-0.34%

-7.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.18%

—

—

Volatility

QQXT vs. QB - Volatility Comparison

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Volatility by Period

QQXTQBDifference

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%

5.75%

+5.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.25%

5.75%

+10.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.54%

5.75%

+11.79%

QQXT vs. QB - Expense Ratio Comparison

QQXT has a 0.60% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

QQXT vs. QB - Dividend Comparison

QQXT's dividend yield for the trailing twelve months is around 1.23%, more than QB's 0.62% yield.

PositionTTM20252024202320222021202020192018201720162015
QB
ProShares Nasdaq-100 Dynamic Daily Buffer ETF		0.62%0.48%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 QB have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QB is cheaper with a 0.58% expense ratio, compared with 0.60% for QQXT.

QQXT has the higher dividend yield at 1.23%, compared with 0.62% for QB.

QQXT is categorized as Nasdaq-100, while QB is Defined Outcome. QQXT tracks NASDAQ-100 Ex-Tech Sector Index, while QB tracks Nasdaq-100. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.60% for QQXT and 0.58% for QB.

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