QQXT vs. QNDX

Last updated Jul 17, 2026

QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and QNDX (SPDR Portfolio Nasdaq 100 ETF) are both Nasdaq-100 funds - QQXT tracks the NASDAQ-100 Ex-Tech Sector Index while QNDX tracks the Nasdaq-100 Index. Both are passively managed. At a correlation of -0.55, they often move in opposite directions. QQXT charges 0.60%/yr vs 0.10%/yr for QNDX.

Performance

QQXT vs. QNDX - 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 SPDR Portfolio Nasdaq 100 ETF (QNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQXT

• 1D: 1.75%
• 1M: 1.84%
• 6M: -0.00%
• YTD: 1.37%
• 1Y: 3.17%
• 3Y*: 6.07%
• 5Y*: 4.03%
• 10Y*: 10.15%

QNDX

• 1D: -1.56%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQXT vs. QNDX - Yearly Performance Comparison

	2026 (YTD)
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund	3.90%
QNDX SPDR Portfolio Nasdaq 100 ETF	-1.16%

Correlation

The correlation between QQXT and QNDX is -0.55, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	-0.55

Return for Risk

QQXT vs. QNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQXT

QQXT Risk / Return Rank: 14
QQXT Sharpe Ratio Rank: 14
QQXT Sortino Ratio Rank: 13
QQXT Omega Ratio Rank: 13
QQXT Calmar Ratio Rank: 15
QQXT Martin Ratio Rank: 15

QNDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. QNDX - 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 SPDR Portfolio Nasdaq 100 ETF (QNDX). 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	QNDX	Difference
Sharpe ratio: Return per unit of total volatility	0.29	—	—
Sortino ratio: Return per unit of downside risk	0.49	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.42	—	—
Martin ratio: Return relative to average drawdown	0.87	—	—

Drawdowns

QQXT vs. QNDX - Drawdown Comparison

The maximum QQXT drawdown since its inception was -57.45%, which is greater than QNDX's maximum drawdown of -4.09%. Use the drawdown chart below to compare losses from any high point for QQXT and QNDX.

Drawdown Indicators

	QQXT	QNDX	Difference
Max Drawdown Largest peak-to-trough decline	-57.45%	-4.09%	-53.36%
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	-3.17%	-4.09%	+0.92%
Average Drawdown Average peak-to-trough decline	-8.09%	-1.91%	-6.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	—	—

Volatility

Volatility by Period

	QQXT	QNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	22.37%	-11.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	22.37%	-6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.45%	22.37%	-4.92%

QQXT vs. QNDX - Expense Ratio Comparison

QQXT has a 0.60% expense ratio, which is higher than QNDX's 0.10% expense ratio.

Dividends

QQXT vs. QNDX - Dividend Comparison

QQXT's dividend yield for the trailing twelve months is around 1.22%, while QNDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QNDX SPDR Portfolio Nasdaq 100 ETF	0.00%	0.00%	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	1.22%	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 QNDX in my portfolio?

QQXT and QNDX have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQXT or QNDX?

On fees, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQXT or QNDX?

QNDX is cheaper with a 0.10% expense ratio, compared with 0.60% for QQXT.

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

QQXT has the higher dividend yield at 1.22%, compared with 0.00% for QNDX.

What is the main difference between QQXT and QNDX?

QQXT tracks NASDAQ-100 Ex-Tech Sector Index, while QNDX tracks Nasdaq-100 Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.60% for QQXT and 0.10% for QNDX.