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QQXT vs. SPXT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QQXT vs. SPXT

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and ProShares S&P 500 Ex-Technology ETF (SPXT).

QQXT and SPXT 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. SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. Both QQXT and SPXT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QQXT vs. SPXT - 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 S&P 500 Ex-Technology ETF (SPXT). The values are adjusted to include any dividend payments, if applicable.

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QQXT vs. SPXT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQXT
First Trust Nasdaq-100 Ex-Technology Sector Index Fund		-1.55%8.02%6.71%16.81%-13.09%12.02%36.85%28.02%-5.74%20.69%
SPXT
ProShares S&P 500 Ex-Technology ETF		-2.11%15.10%19.93%16.23%-14.24%26.36%10.44%26.88%-7.06%16.99%

Returns By Period

In the year-to-date period, QQXT achieves a -1.55% return, which is significantly higher than SPXT's -2.11% return. Over the past 10 years, QQXT has underperformed SPXT with an annualized return of 10.10%, while SPXT has yielded a comparatively higher 11.15% annualized return.

QQXT

1D
1.28%
1M
-5.96%
YTD
-1.55%
6M
-0.43%
1Y
5.33%
3Y*
6.96%
5Y*
4.77%
10Y*
10.10%

SPXT

1D
2.14%
1M
-5.77%
YTD
-2.11%
6M
1.29%
1Y
12.86%
3Y*
15.27%
5Y*
9.42%
10Y*
11.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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First Trust Nasdaq-100 Ex-Technology Sector Index Fund

ProShares S&P 500 Ex-Technology ETF

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QQXT vs. SPXT - Expense Ratio Comparison

QQXT has a 0.60% expense ratio, which is higher than SPXT's 0.27% expense ratio.

QQXT
First Trust Nasdaq-100 Ex-Technology Sector Index Fund
SPXT
ProShares S&P 500 Ex-Technology ETF

Return for Risk

QQXT vs. SPXT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQXT
QQXT Risk / Return Rank: 2323
Overall Rank
QQXT Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
QQXT Sortino Ratio Rank: 2222
Sortino Ratio Rank
QQXT Omega Ratio Rank: 2222
Omega Ratio Rank
QQXT Calmar Ratio Rank: 2424
Calmar Ratio Rank
QQXT Martin Ratio Rank: 2626
Martin Ratio Rank
SPXT
SPXT Risk / Return Rank: 5252
Overall Rank
SPXT Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
SPXT Sortino Ratio Rank: 4949
Sortino Ratio Rank
SPXT Omega Ratio Rank: 5151
Omega Ratio Rank
SPXT Calmar Ratio Rank: 5252
Calmar Ratio Rank
SPXT Martin Ratio Rank: 6161
Martin Ratio Rank
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. SPXT - 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 S&P 500 Ex-Technology ETF (SPXT). 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.

QQXTSPXTDifference

Sharpe ratio

Return per unit of total volatility

0.33

0.82

-0.48

Sortino ratio

Return per unit of downside risk

0.61

1.25

-0.65

Omega ratio

Gain probability vs. loss probability

1.08

1.18

-0.10

Calmar ratio

Return relative to maximum drawdown

0.52

1.23

-0.71

Martin ratio

Return relative to average drawdown

2.07

5.69

-3.63

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. SPXT - Sharpe Ratio Comparison

The current QQXT Sharpe Ratio is 0.33, which is lower than the SPXT Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of QQXT and SPXT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QQXTSPXTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.33

0.82

-0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.64

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.69

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.70

-0.24

Correlation

The correlation between QQXT and SPXT is 0.70, 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.

Dividends

QQXT vs. SPXT - Dividend Comparison

QQXT's dividend yield for the trailing twelve months is around 1.23%, less than SPXT's 1.46% yield.

TTM20252024202320222021202020192018201720162015
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%
SPXT
ProShares S&P 500 Ex-Technology ETF		1.46%1.38%1.29%1.53%1.86%1.15%1.63%1.63%2.03%1.55%2.67%0.56%

Drawdowns

QQXT vs. SPXT - Drawdown Comparison

The maximum QQXT drawdown since its inception was -57.45%, which is greater than SPXT's maximum drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for QQXT and SPXT.

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Drawdown Indicators

QQXTSPXTDifference

Max Drawdown

Largest peak-to-trough decline

-57.45%

-34.38%

-23.07%

Max Drawdown (1Y)

Largest decline over 1 year

-11.09%

-11.19%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-24.74%

-21.47%

-3.27%

Max Drawdown (10Y)

Largest decline over 10 years

-30.40%

-34.38%

+3.98%

Current Drawdown

Current decline from peak

-5.96%

-5.77%

-0.19%

Average Drawdown

Average peak-to-trough decline

-8.14%

-4.19%

-3.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

2.42%

+0.39%

Volatility

QQXT vs. SPXT - Volatility Comparison

First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) and ProShares S&P 500 Ex-Technology ETF (SPXT) have volatilities of 4.31% and 4.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQXTSPXTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.31%

4.28%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

8.06%

8.02%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

16.07%

15.81%

+0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.32%

14.72%

+1.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.60%

16.22%

+1.38%