QQXT vs. QTEC
Compare and contrast key facts about First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC).
QQXT and QTEC 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. QTEC is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Technology Sector Index. It was launched on Apr 19, 2006. Both QQXT and QTEC 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 QTEC.
Correlation
The correlation between QQXT and QTEC is 0.83, 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. QTEC - Performance Comparison
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Key characteristics
QQXT:
0.69
QTEC:
0.12
QQXT:
1.13
QTEC:
0.50
QQXT:
1.16
QTEC:
1.07
QQXT:
0.79
QTEC:
0.21
QQXT:
3.26
QTEC:
0.63
QQXT:
3.63%
QTEC:
9.74%
QQXT:
16.48%
QTEC:
32.04%
QQXT:
-57.43%
QTEC:
-58.86%
QQXT:
-0.36%
QTEC:
-5.77%
Returns By Period
In the year-to-date period, QQXT achieves a 6.30% return, which is significantly higher than QTEC's 5.44% return. Over the past 10 years, QQXT has underperformed QTEC with an annualized return of 9.47%, while QTEC has yielded a comparatively higher 16.82% annualized return.
QQXT
6.30%
10.72%
4.81%
11.28%
12.70%
9.47%
QTEC
5.44%
22.78%
4.90%
3.96%
16.05%
16.82%
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QQXT vs. QTEC - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than QTEC's 0.57% expense ratio.
Risk-Adjusted Performance
QQXT vs. QTEC — Risk-Adjusted Performance Rank
QQXT
QTEC
QQXT vs. QTEC - 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 First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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.
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Dividends
QQXT vs. QTEC - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 0.83%, more than QTEC's 0.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 0.83% | 0.98% | 1.10% | 0.92% | 0.35% | 0.28% | 0.35% | 0.38% | 0.32% | 0.31% | 0.40% | 0.84% |
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 0.02% | 0.02% | 0.14% | 0.15% | 0.02% | 0.44% | 0.68% | 0.91% | 0.80% | 1.29% | 0.99% | 1.22% |
Drawdowns
QQXT vs. QTEC - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.43%, roughly equal to the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for QQXT and QTEC. For additional features, visit the drawdowns tool.
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Volatility
QQXT vs. QTEC - Volatility Comparison
The current volatility for First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) is 4.50%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 8.37%. This indicates that QQXT experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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