PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
QTEC vs. QQQM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


QTECQQQM
YTD Return12.17%25.73%
1Y Return25.58%33.97%
3Y Return (Ann)3.29%9.92%
Sharpe Ratio1.292.13
Sortino Ratio1.782.81
Omega Ratio1.231.38
Calmar Ratio1.722.72
Martin Ratio5.139.92
Ulcer Index5.80%3.71%
Daily Std Dev23.09%17.28%
Max Drawdown-58.86%-35.05%
Current Drawdown-4.19%-0.37%

Correlation

-0.50.00.51.00.9

The correlation between QTEC and QQQM is 0.93, 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.

Performance

QTEC vs. QQQM - Performance Comparison

In the year-to-date period, QTEC achieves a 12.17% return, which is significantly lower than QQQM's 25.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
2.83%
13.50%
QTEC
QQQM

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


QTEC vs. QQQM - Expense Ratio Comparison

QTEC has a 0.57% expense ratio, which is higher than QQQM'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 QQQM: 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%

Risk-Adjusted Performance

QTEC vs. QQQM - 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 100 ETF (QQQM). 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
Sharpe ratio
The chart of Sharpe ratio for QTEC, currently valued at 1.29, compared to the broader market-2.000.002.004.006.001.29
Sortino ratio
The chart of Sortino ratio for QTEC, currently valued at 1.78, compared to the broader market-2.000.002.004.006.008.0010.0012.001.78
Omega ratio
The chart of Omega ratio for QTEC, currently valued at 1.23, compared to the broader market1.001.502.002.503.001.23
Calmar ratio
The chart of Calmar ratio for QTEC, currently valued at 1.72, compared to the broader market0.005.0010.0015.001.72
Martin ratio
The chart of Martin ratio for QTEC, currently valued at 5.13, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.13
QQQM
Sharpe ratio
The chart of Sharpe ratio for QQQM, currently valued at 2.13, compared to the broader market-2.000.002.004.006.002.13
Sortino ratio
The chart of Sortino ratio for QQQM, currently valued at 2.81, compared to the broader market-2.000.002.004.006.008.0010.0012.002.81
Omega ratio
The chart of Omega ratio for QQQM, currently valued at 1.38, compared to the broader market1.001.502.002.503.001.38
Calmar ratio
The chart of Calmar ratio for QQQM, currently valued at 2.72, compared to the broader market0.005.0010.0015.002.72
Martin ratio
The chart of Martin ratio for QQQM, currently valued at 9.92, compared to the broader market0.0020.0040.0060.0080.00100.00120.009.92

QTEC vs. QQQM - Sharpe Ratio Comparison

The current QTEC Sharpe Ratio is 1.29, which is lower than the QQQM Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of QTEC and QQQM, 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 Ratio0.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.29
2.13
QTEC
QQQM

Dividends

QTEC vs. QQQM - Dividend Comparison

QTEC's dividend yield for the trailing twelve months is around 0.04%, less than QQQM's 0.64% 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%
QQQM
Invesco NASDAQ 100 ETF
0.64%0.65%0.83%0.40%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

QTEC vs. QQQM - Drawdown Comparison

The maximum QTEC drawdown since its inception was -58.86%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QTEC and QQQM. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.19%
-0.37%
QTEC
QQQM

Volatility

QTEC vs. QQQM - Volatility Comparison

First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a higher volatility of 6.69% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.90%. This indicates that QTEC's price experiences larger fluctuations and is considered to be riskier than QQQM 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
6.69%
4.90%
QTEC
QQQM