QTEC vs. LSPD

Last updated Jun 4, 2026

QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) is Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Index, while LSPD (Lightspeed Commerce Inc) is a stock. Over the past 5 years, QTEC returned 17.61%/yr vs -33.55%/yr for LSPD. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

QTEC vs. LSPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and Lightspeed Commerce Inc (LSPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTEC achieves a 44.73% return, which is significantly higher than LSPD's -22.93% return.

QTEC

• 1D: 0.07%
• 1M: 22.39%
• YTD: 44.73%
• 6M: 40.31%
• 1Y: 67.84%
• 3Y*: 32.86%
• 5Y*: 17.61%
• 10Y*: 23.00%

LSPD

• 1D: -3.82%
• 1M: -2.51%
• YTD: -22.93%
• 6M: -17.83%
• 1Y: -15.75%
• 3Y*: -14.72%
• 5Y*: -33.55%
• 10Y*: —

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

QTEC vs. LSPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	44.73%	22.28%	7.32%	67.02%	-39.83%	26.89%	38.76%	16.79%
LSPD Lightspeed Commerce Inc	-22.93%	-20.68%	-27.44%	46.78%	-64.63%	-42.56%	151.62%	-15.04%

Correlation

The correlation between QTEC and LSPD is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Aug 14, 2019	0.56

The correlation between QTEC and LSPD shifts across timeframes, from 0.52 (3 years) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

QTEC vs. LSPD — Risk / Return Rank

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

QTEC

QTEC Risk / Return Rank: 80
QTEC Sharpe Ratio Rank: 88
QTEC Sortino Ratio Rank: 80
QTEC Omega Ratio Rank: 78
QTEC Calmar Ratio Rank: 81
QTEC Martin Ratio Rank: 72

LSPD

LSPD Risk / Return Rank: 26
LSPD Sharpe Ratio Rank: 25
LSPD Sortino Ratio Rank: 24
LSPD Omega Ratio Rank: 25
LSPD Calmar Ratio Rank: 27
LSPD Martin Ratio Rank: 27

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.

QTEC vs. LSPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and Lightspeed Commerce Inc (LSPD). 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.

	QTEC	LSPD	Difference
Sharpe ratio: Return per unit of total volatility	2.97	-0.37	+3.34
Sortino ratio: Return per unit of downside risk	3.67	-0.27	+3.94
Omega ratio: Gain probability vs. loss probability	1.47	0.97	+0.50
Calmar ratio: Return relative to maximum drawdown	4.25	-0.40	+4.65
Martin ratio: Return relative to average drawdown	13.77	-0.71	+14.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTEC vs. LSPD - Sharpe Ratio Comparison

The current QTEC Sharpe Ratio is 2.97, which is higher than the LSPD Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of QTEC and LSPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTEC	LSPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	-0.37	+3.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	-0.55	+1.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	-0.24	+0.84

Drawdowns

QTEC vs. LSPD - Drawdown Comparison

The maximum QTEC drawdown since its inception was -58.86%, smaller than the maximum LSPD drawdown of -93.68%. Use the drawdown chart below to compare losses from any high point for QTEC and LSPD.

Drawdown Indicators

	QTEC	LSPD	Difference
Max Drawdown Largest peak-to-trough decline	-58.86%	-93.68%	+34.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	-39.48%	+23.45%
Max Drawdown (3Y) Largest decline over 3 years	-29.00%	-62.75%	+33.75%
Max Drawdown (5Y) Largest decline over 5 years	-45.54%	-93.68%	+48.14%
Max Drawdown (10Y) Largest decline over 10 years	-45.54%	—	—
Current Drawdown Current decline from peak	0.00%	-92.52%	+92.52%
Average Drawdown Average peak-to-trough decline	-9.89%	-64.31%	+54.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	22.14%	-17.20%

Volatility

QTEC vs. LSPD - Volatility Comparison

The current volatility for First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) is 7.34%, while Lightspeed Commerce Inc (LSPD) has a volatility of 14.81%. This indicates that QTEC experiences smaller price fluctuations and is considered to be less risky than LSPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTEC	LSPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	14.81%	-7.47%
Volatility (6M) Calculated over the trailing 6-month period	18.26%	28.97%	-10.71%
Volatility (1Y) Calculated over the trailing 1-year period	22.98%	42.73%	-19.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.19%	61.75%	-32.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.51%	72.42%	-44.91%

Dividends

QTEC vs. LSPD - Dividend Comparison

Neither QTEC nor LSPD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSPD Lightspeed Commerce Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	0.00%	0.00%	0.02%	0.14%	0.15%	0.02%	0.44%	0.68%	0.91%	0.80%	1.29%	0.99%

Frequently Asked Questions

Can I hold both QTEC and LSPD in my portfolio?

QTEC and LSPD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTEC or LSPD?

LSPD has higher volatility (14.81%) compared to QTEC (7.34%). In terms of maximum drawdown, QTEC dropped -58.86% vs LSPD's -93.68%.

Which has better risk-adjusted returns?

QTEC currently has the higher Sharpe Ratio (2.97 vs -0.37), 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.