QTEC vs. QQH

Last updated Jun 5, 2026

QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) and QQH (HCM Defender 100 Index ETF) are both exchange-traded funds - QTEC is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Index, while QQH is a Technology Equities fund tracking the HCM Defender 100 Index. Both are passively managed. Over the past 5 years, QTEC returned 17.36%/yr vs 14.91%/yr for QQH. Their correlation of 0.86 suggests significant overlap in exposure. QTEC charges 0.57%/yr vs 1.14%/yr for QQH.

Performance

QTEC vs. QQH - 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 HCM Defender 100 Index ETF (QQH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTEC achieves a 43.17% return, which is significantly higher than QQH's 13.91% return.

QTEC

• 1D: -1.08%
• 1M: 18.57%
• YTD: 43.17%
• 6M: 39.34%
• 1Y: 64.90%
• 3Y*: 32.59%
• 5Y*: 17.36%
• 10Y*: 22.85%

QQH

• 1D: -0.75%
• 1M: 11.40%
• YTD: 13.91%
• 6M: 11.71%
• 1Y: 38.58%
• 3Y*: 25.69%
• 5Y*: 14.91%
• 10Y*: —

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

QTEC vs. QQH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	43.17%	22.28%	7.32%	67.02%	-39.83%	26.89%	38.76%	15.16%
QQH HCM Defender 100 Index ETF	13.91%	15.66%	33.64%	48.05%	-39.60%	37.52%	41.71%	15.13%

Correlation

The correlation between QTEC and QQH is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.86

The correlation between QTEC and QQH has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

QTEC vs. QQH - Sectors Allocation Comparison

Sectors	QTEC	QQH
Technology	87.9%	56.6%
Communication Services	6.2%	14.9%
Consumer Cyclical	4.0%	13.6%
Industrials	1.9%	2.2%
Basic Materials	-	1.0%
Consumer Defensive	-	6.3%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.5%
Real Estate	-	0.0%
Utilities	-	1.2%

Return for Risk

QTEC vs. QQH — Risk / Return Rank

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

QTEC

QTEC Risk / Return Rank: 79
QTEC Sharpe Ratio Rank: 87
QTEC Sortino Ratio Rank: 80
QTEC Omega Ratio Rank: 77
QTEC Calmar Ratio Rank: 80
QTEC Martin Ratio Rank: 71

QQH

QQH Risk / Return Rank: 50
QQH Sharpe Ratio Rank: 56
QQH Sortino Ratio Rank: 51
QQH Omega Ratio Rank: 51
QQH Calmar Ratio Rank: 49
QQH Martin Ratio Rank: 41

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. QQH - 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 HCM Defender 100 Index ETF (QQH). 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	QQH	Difference
Sharpe ratio: Return per unit of total volatility	2.84	1.88	+0.96
Sortino ratio: Return per unit of downside risk	3.54	2.44	+1.10
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.14
Calmar ratio: Return relative to maximum drawdown	4.07	2.40	+1.67
Martin ratio: Return relative to average drawdown	13.17	6.52	+6.65
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. QQH - Sharpe Ratio Comparison

The current QTEC Sharpe Ratio is 2.84, which is higher than the QQH Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of QTEC and QQH, 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	QQH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	1.88	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.70	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.85	-0.25

Drawdowns

QTEC vs. QQH - Drawdown Comparison

The maximum QTEC drawdown since its inception was -58.86%, which is greater than QQH's maximum drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for QTEC and QQH.

Drawdown Indicators

	QTEC	QQH	Difference
Max Drawdown Largest peak-to-trough decline	-58.86%	-41.87%	-16.99%
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	-16.18%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-29.00%	-24.84%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-45.54%	-41.87%	-3.67%
Max Drawdown (10Y) Largest decline over 10 years	-45.54%	—	—
Current Drawdown Current decline from peak	-1.08%	-1.31%	+0.23%
Average Drawdown Average peak-to-trough decline	-9.89%	-12.93%	+3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	5.93%	-0.99%

Volatility

QTEC vs. QQH - Volatility Comparison

First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a higher volatility of 7.51% compared to HCM Defender 100 Index ETF (QQH) at 6.07%. This indicates that QTEC's price experiences larger fluctuations and is considered to be riskier than QQH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTEC	QQH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.51%	6.07%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	14.46%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	22.97%	20.57%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.17%	21.49%	+7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.50%	24.72%	+2.78%

QTEC vs. QQH - Expense Ratio Comparison

QTEC has a 0.57% expense ratio, which is lower than QQH's 1.14% expense ratio.

Dividends

QTEC vs. QQH - Dividend Comparison

QTEC has not paid dividends to shareholders, while QQH's dividend yield for the trailing twelve months is around 0.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQH HCM Defender 100 Index ETF	0.19%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%	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 QQH in my portfolio?

QTEC and QQH have a correlation of 0.86, 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 QQH?

QTEC has higher volatility (7.51%) compared to QQH (6.07%). In terms of maximum drawdown, QTEC dropped -58.86% vs QQH's -41.87%.

Which ETF is better, QTEC or QQH?

On 5-year performance, QTEC leads with 17.36% vs 14.91% for QQH. On fees, QTEC is cheaper at 0.57% per year. On volatility, QQH has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTEC or QQH?

Over the 5-year period, QTEC has performed better with a 17.36% return vs 14.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTEC or QQH?

QTEC is cheaper with a 0.57% expense ratio, compared with 1.14% for QQH.

Which ETF pays a higher dividend yield, QTEC or QQH?

QQH has the higher dividend yield at 0.19%, compared with 0.00% for QTEC.

What is the main difference between QTEC and QQH?

QTEC is categorized as Nasdaq-100, while QQH is Technology Equities. QTEC tracks NASDAQ-100 Technology Sector Index, while QQH tracks HCM Defender 100 Index. They also come from different issuers: First Trust and Howard Capital Management. Their fees differ too: 0.57% for QTEC and 1.14% for QQH.

Which has better risk-adjusted returns?

QTEC currently has the higher Sharpe Ratio (2.84 vs 1.88), 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.