QQXT vs. QQQ
Compare and contrast key facts about First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and Invesco QQQ (QQQ).
QQXT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQXT is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Ex-Tech Sector Index. It was launched on Feb 8, 2007. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQXT and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQXT or QQQ.
Correlation
The correlation between QQXT and QQQ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQXT vs. QQQ - Performance Comparison
Key characteristics
QQXT:
0.67
QQQ:
1.55
QQXT:
0.98
QQQ:
2.08
QQXT:
1.12
QQQ:
1.28
QQXT:
1.21
QQQ:
2.05
QQXT:
3.31
QQQ:
7.36
QQXT:
2.25%
QQQ:
3.77%
QQXT:
11.05%
QQQ:
17.93%
QQXT:
-57.43%
QQQ:
-82.98%
QQXT:
-4.51%
QQQ:
-2.74%
Returns By Period
In the year-to-date period, QQXT achieves a 7.94% return, which is significantly lower than QQQ's 28.36% return. Over the past 10 years, QQXT has underperformed QQQ with an annualized return of 9.56%, while QQQ has yielded a comparatively higher 18.45% annualized return.
QQXT
7.94%
-4.00%
7.40%
7.58%
10.83%
9.56%
QQQ
28.36%
3.58%
9.40%
27.81%
20.40%
18.45%
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QQXT vs. QQQ - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QQXT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and Invesco QQQ (QQQ). 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.
Dividends
QQXT vs. QQQ - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 0.97%, more than QQQ's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 0.97% | 1.10% | 0.92% | 0.35% | 0.28% | 0.35% | 0.38% | 0.32% | 0.31% | 0.40% | 0.84% | 0.27% |
QQQ Invesco QQQ | 0.54% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
QQXT vs. QQQ - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.43%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQXT and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQXT vs. QQQ - Volatility Comparison
The current volatility for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) is 3.91%, while Invesco QQQ (QQQ) has a volatility of 5.69%. This indicates that QQXT experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.