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QTEC vs. QQQJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

QTEC vs. QQQJ - 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 Invesco NASDAQ Next Gen 100 ETF (QQQJ). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
1.96%
12.85%
QTEC
QQQJ

Returns By Period

In the year-to-date period, QTEC achieves a 12.26% return, which is significantly lower than QQQJ's 17.69% return.


QTEC

YTD

12.26%

1M

4.12%

6M

1.96%

1Y

24.07%

5Y (annualized)

16.35%

10Y (annualized)

17.01%

QQQJ

YTD

17.69%

1M

5.10%

6M

12.85%

1Y

27.62%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


QTECQQQJ
Sharpe Ratio1.041.77
Sortino Ratio1.482.49
Omega Ratio1.191.30
Calmar Ratio1.390.91
Martin Ratio4.099.14
Ulcer Index5.88%3.02%
Daily Std Dev23.12%15.61%
Max Drawdown-58.86%-39.58%
Current Drawdown-4.11%-10.43%

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QTEC vs. QQQJ - Expense Ratio Comparison

QTEC has a 0.57% expense ratio, which is higher than QQQJ's 0.15% expense ratio.


QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
Expense ratio chart for QTEC: current value at 0.57% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.57%
Expense ratio chart for QQQJ: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.9

The correlation between QTEC and QQQJ is 0.87, 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.

Risk-Adjusted Performance

QTEC vs. QQQJ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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.


Sharpe ratio
The chart of Sharpe ratio for QTEC, currently valued at 1.04, compared to the broader market0.002.004.001.041.77
The chart of Sortino ratio for QTEC, currently valued at 1.48, compared to the broader market-2.000.002.004.006.008.0010.0012.001.482.49
The chart of Omega ratio for QTEC, currently valued at 1.19, compared to the broader market0.501.001.502.002.503.001.191.30
The chart of Calmar ratio for QTEC, currently valued at 1.39, compared to the broader market0.005.0010.0015.001.390.91
The chart of Martin ratio for QTEC, currently valued at 4.09, compared to the broader market0.0020.0040.0060.0080.00100.004.099.14
QTEC
QQQJ

The current QTEC Sharpe Ratio is 1.04, which is lower than the QQQJ Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of QTEC and QQQJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.04
1.77
QTEC
QQQJ

Dividends

QTEC vs. QQQJ - Dividend Comparison

QTEC's dividend yield for the trailing twelve months is around 0.04%, less than QQQJ's 0.78% yield.


TTM20232022202120202019201820172016201520142013
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
0.04%0.14%0.15%0.02%0.44%0.68%0.91%0.80%1.29%0.99%1.22%0.72%
QQQJ
Invesco NASDAQ Next Gen 100 ETF
0.78%0.67%0.75%0.91%0.09%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QTEC vs. QQQJ - Drawdown Comparison

The maximum QTEC drawdown since its inception was -58.86%, which is greater than QQQJ's maximum drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for QTEC and QQQJ. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.11%
-10.43%
QTEC
QQQJ

Volatility

QTEC vs. QQQJ - Volatility Comparison

First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a higher volatility of 7.54% compared to Invesco NASDAQ Next Gen 100 ETF (QQQJ) at 5.16%. This indicates that QTEC's price experiences larger fluctuations and is considered to be riskier than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
7.54%
5.16%
QTEC
QQQJ