QQXT vs. SPXT
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQXT or SPXT.
Correlation
The correlation between QQXT and SPXT is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QQXT vs. SPXT - Performance Comparison
Key characteristics
QQXT:
0.67
SPXT:
2.05
QQXT:
0.98
SPXT:
2.76
QQXT:
1.12
SPXT:
1.37
QQXT:
1.21
SPXT:
3.83
QQXT:
3.31
SPXT:
14.13
QQXT:
2.25%
SPXT:
1.51%
QQXT:
11.05%
SPXT:
10.40%
QQXT:
-57.43%
SPXT:
-34.38%
QQXT:
-4.51%
SPXT:
-2.93%
Returns By Period
In the year-to-date period, QQXT achieves a 7.94% return, which is significantly lower than SPXT's 21.40% return.
QQXT
7.94%
-4.00%
7.40%
7.58%
10.83%
9.56%
SPXT
21.40%
-2.51%
10.50%
21.01%
11.01%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QQXT vs. SPXT - Expense Ratio Comparison
QQXT has a 0.60% expense ratio, which is higher than SPXT's 0.27% expense ratio.
Risk-Adjusted Performance
QQXT vs. SPXT - 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 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.
Dividends
QQXT vs. SPXT - Dividend Comparison
QQXT's dividend yield for the trailing twelve months is around 0.97%, less than SPXT's 1.28% 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% |
SPXT ProShares S&P 500 Ex-Technology ETF | 1.28% | 1.53% | 1.86% | 1.15% | 1.64% | 1.63% | 2.03% | 1.55% | 2.35% | 0.56% | 0.00% | 0.00% |
Drawdowns
QQXT vs. SPXT - Drawdown Comparison
The maximum QQXT drawdown since its inception was -57.43%, 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. For additional features, visit the drawdowns tool.
Volatility
QQXT vs. SPXT - Volatility Comparison
First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) has a higher volatility of 3.91% compared to ProShares S&P 500 Ex-Technology ETF (SPXT) at 3.55%. This indicates that QQXT's price experiences larger fluctuations and is considered to be riskier than SPXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.