QQXT vs. QNXT
QQXT (First Trust Nasdaq-100 Ex-Technology Sector Index Fund) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds - QQXT tracks the NASDAQ-100 Ex-Tech Sector Index while QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index. Both are passively managed. Over the past year, QQXT returned 4.55% vs 19.85% for QNXT. Their 0.72 correlation means they have sometimes moved together and sometimes differently. QQXT charges 0.60%/yr vs 0.20%/yr for QNXT.
Performance
QQXT vs. QNXT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQXT achieves a 1.95% return, which is significantly lower than QNXT's 12.29% 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%
QNXT
- 1D
- 0.57%
- 1M
- -1.03%
- 6M
- 10.78%
- YTD
- 12.29%
- 1Y
- 19.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $139.17K | $113.59K | $235.01K | |
| $265.60K | $403.02K | $549.03K |
QQXT vs. QNXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 1.95% | 8.02% | 0.20% |
QNXT iShares Nasdaq-100 ex Top 30 ETF | 12.29% | 14.97% | -2.58% |
Correlation
The correlation between QQXT and QNXT is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | 0.72 |
The correlation between QQXT and QNXT has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQXT vs. QNXT — Risk / Return Rank
QQXT
QNXT
QQXT vs. QNXT - 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 iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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 | QNXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.96 | -1.36 |
| Martin ratioReturn relative to average drawdown | 1.30 | 5.94 | -4.64 |
Loading charts...
Drawdowns
QQXT vs. QNXT - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.45%, which is greater than QNXT's maximum drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for QQXT and QNXT.
Loading charts...
Drawdown Indicators
| QQXT | QNXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.45% | -22.25% | -35.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -10.16% | +2.57% |
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 | -2.61% | -3.51% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -3.75% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.35% | +0.17% |
Volatility
QQXT vs. QNXT - Volatility Comparison
First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) has a higher volatility of 3.95% compared to iShares Nasdaq-100 ex Top 30 ETF (QNXT) at 3.64%. This indicates that QQXT's price experiences larger fluctuations and is considered to be riskier than QNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQXT | QNXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.64% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 11.97% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 15.97% | -4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 19.53% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 19.53% | -2.05% |
QQXT vs. QNXT - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than QNXT's 0.20% expense ratio.
Dividends
QQXT vs. QNXT - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 1.22%, more than QNXT's 0.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.67% | 0.64% | 0.22% | 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
QQXT and QNXT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQXT has higher volatility (3.95%) compared to QNXT (3.64%). In terms of maximum drawdown, QQXT dropped -57.45% vs QNXT's -22.25%.
On 1-year performance, QNXT leads with 19.85% vs 4.55% for QQXT. On fees, QNXT is cheaper at 0.20% per year. On volatility, QNXT has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QNXT has performed better with a 19.85% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QNXT is cheaper with a 0.20% expense ratio, compared with 0.60% for QQXT.
QQXT has the higher dividend yield at 1.22%, compared with 0.67% for QNXT.
QQXT tracks NASDAQ-100 Ex-Tech Sector Index, while QNXT tracks Nasdaq-100 ex Top 30 UCITS Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for QQXT and 0.20% for QNXT.
QNXT currently has the higher Sharpe Ratio (1.25 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.
Find the right allocation for QQXT and QNXT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer