QSPT vs. QQMG

Last updated Jun 25, 2026

QSPT (FT Cboe Vest Nasdaq-100 Buffer ETF – September) and QQMG (Invesco ESG NASDAQ 100 ETF) are both Nasdaq-100 funds. QSPT is actively managed, while QQMG is passively managed. Over the past 3 years, QSPT returned 17.57%/yr vs 26.76%/yr for QQMG. Their correlation of 0.94 suggests significant overlap in exposure. QSPT charges 0.90%/yr vs 0.20%/yr for QQMG.

Performance

QSPT vs. QQMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and Invesco ESG NASDAQ 100 ETF (QQMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSPT achieves a 8.24% return, which is significantly lower than QQMG's 16.21% return.

QSPT

• 1D: -0.35%
• 1M: -0.35%
• YTD: 8.24%
• 6M: 7.49%
• 1Y: 17.33%
• 3Y*: 17.57%
• 5Y*: —
• 10Y*: —

QQMG

• 1D: -0.71%
• 1M: -1.06%
• YTD: 16.21%
• 6M: 14.47%
• 1Y: 33.85%
• 3Y*: 26.76%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QSPT vs. QQMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September	8.24%	14.58%	16.07%	43.15%	-20.38%	2.19%
QQMG Invesco ESG NASDAQ 100 ETF	16.21%	22.16%	25.66%	55.00%	-31.56%	5.26%

Correlation

The correlation between QSPT and QQMG is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.94

The correlation between QSPT and QQMG has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

QSPT vs. QQMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QSPT

QSPT Risk / Return Rank: 62
QSPT Sharpe Ratio Rank: 62
QSPT Sortino Ratio Rank: 61
QSPT Omega Ratio Rank: 65
QSPT Calmar Ratio Rank: 56
QSPT Martin Ratio Rank: 66

QQMG

QQMG Risk / Return Rank: 59
QQMG Sharpe Ratio Rank: 62
QQMG Sortino Ratio Rank: 57
QQMG Omega Ratio Rank: 57
QQMG Calmar Ratio Rank: 61
QQMG Martin Ratio Rank: 60

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.

QSPT vs. QQMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) and Invesco ESG NASDAQ 100 ETF (QQMG). 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.

	QSPT	QQMG	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.83	-0.03
Sortino ratio: Return per unit of downside risk	2.51	2.42	+0.10
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	2.41	2.68	-0.27
Martin ratio: Return relative to average drawdown	10.65	9.64	+1.01

QSPT vs. QQMG - Sharpe Ratio Comparison

The current QSPT Sharpe Ratio is 1.79, which is comparable to the QQMG Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of QSPT and QQMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QSPT vs. QQMG - Drawdown Comparison

The maximum QSPT drawdown since its inception was -22.64%, smaller than the maximum QQMG drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for QSPT and QQMG.

Drawdown Indicators

	QSPT	QQMG	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-35.43%	+12.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-12.67%	+5.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.38%	-22.79%	+7.41%
Current Drawdown Current decline from peak	-1.55%	-5.03%	+3.48%
Average Drawdown Average peak-to-trough decline	-4.56%	-9.53%	+4.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	3.52%	-1.89%

Volatility

QSPT vs. QQMG - Volatility Comparison

The current volatility for FT Cboe Vest Nasdaq-100 Buffer ETF – September (QSPT) is 3.01%, while Invesco ESG NASDAQ 100 ETF (QQMG) has a volatility of 9.06%. This indicates that QSPT experiences smaller price fluctuations and is considered to be less risky than QQMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSPT	QQMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	9.06%	-6.05%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	15.07%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	9.74%	18.67%	-8.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	23.78%	-8.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	23.78%	-8.67%

QSPT vs. QQMG - Expense Ratio Comparison

QSPT has a 0.90% expense ratio, which is higher than QQMG's 0.20% expense ratio.

Dividends

QSPT vs. QQMG - Dividend Comparison

QSPT has not paid dividends to shareholders, while QQMG's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021
QQMG Invesco ESG NASDAQ 100 ETF	0.37%	0.41%	0.50%	0.60%	0.82%	0.08%
QSPT FT Cboe Vest Nasdaq-100 Buffer ETF – September	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QSPT and QQMG in my portfolio?

With a correlation of 0.95, QSPT and QQMG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QSPT or QQMG?

QQMG has higher volatility (9.06%) compared to QSPT (3.01%). In terms of maximum drawdown, QSPT dropped -22.64% vs QQMG's -35.43%.

Which ETF is better, QSPT or QQMG?

On 3-year performance, QQMG leads with 26.76% vs 17.57% for QSPT. On fees, QQMG is cheaper at 0.20% per year. On volatility, QSPT has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QSPT or QQMG?

Over the 3-year period, QQMG has performed better with a 26.76% return vs 17.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QSPT or QQMG?

QQMG is cheaper with a 0.20% expense ratio, compared with 0.90% for QSPT.

Which ETF pays a higher dividend yield, QSPT or QQMG?

QQMG has the higher dividend yield at 0.37%, compared with 0.00% for QSPT.

What is the main difference between QSPT and QQMG?

They also come from different issuers: FT Vest and Invesco. Their fees differ too: 0.90% for QSPT and 0.20% for QQMG.

Which has better risk-adjusted returns?

QQMG currently has the higher Sharpe Ratio (1.83 vs 1.79), 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.