Correlation
The correlation between QTEC and QQXT is 0.83, 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.
QTEC vs. QQXT
Compare and contrast key facts about First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT).
QTEC and QQXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTEC is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Technology Sector Index. It was launched on Apr 19, 2006. QQXT is a passively managed fund by First Trust that tracks the performance of the NASDAQ-100 Ex-Tech Sector Index. It was launched on Feb 8, 2007. Both QTEC and QQXT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTEC or QQXT.
Performance
QTEC vs. QQXT - Performance Comparison
Loading data...
Key characteristics
QTEC:
0.17
QQXT:
0.72
QTEC:
0.34
QQXT:
1.27
QTEC:
1.05
QQXT:
1.18
QTEC:
0.09
QQXT:
0.91
QTEC:
0.26
QQXT:
3.76
QTEC:
9.84%
QQXT:
3.62%
QTEC:
32.14%
QQXT:
16.57%
QTEC:
-58.86%
QQXT:
-57.43%
QTEC:
-7.23%
QQXT:
-1.32%
Returns By Period
In the year-to-date period, QTEC achieves a 3.80% return, which is significantly lower than QQXT's 5.66% return. Over the past 10 years, QTEC has outperformed QQXT with an annualized return of 16.52%, while QQXT has yielded a comparatively lower 9.42% annualized return.
QTEC
3.80%
6.63%
-2.31%
5.39%
14.79%
13.17%
16.52%
QQXT
5.66%
3.81%
-0.19%
11.84%
10.60%
10.32%
9.42%
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. QQXT - Expense Ratio Comparison
QTEC has a 0.57% expense ratio, which is lower than QQXT's 0.60% expense ratio.
Risk-Adjusted Performance
QTEC vs. QQXT — Risk-Adjusted Performance Rank
QTEC
QQXT
QTEC vs. QQXT - 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 First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT). 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.
Loading data...
Dividends
QTEC vs. QQXT - Dividend Comparison
QTEC's dividend yield for the trailing twelve months is around 0.02%, less than QQXT's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 0.02% | 0.02% | 0.14% | 0.15% | 0.02% | 0.44% | 0.68% | 0.91% | 0.80% | 1.29% | 0.99% | 1.22% |
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 0.83% | 0.98% | 1.10% | 0.92% | 0.35% | 0.28% | 0.35% | 0.38% | 0.32% | 0.31% | 0.40% | 0.84% |
Drawdowns
QTEC vs. QQXT - Drawdown Comparison
The maximum QTEC drawdown since its inception was -58.86%, roughly equal to the maximum QQXT drawdown of -57.43%. Use the drawdown chart below to compare losses from any high point for QTEC and QQXT.
Loading data...
Volatility
QTEC vs. QQXT - Volatility Comparison
First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a higher volatility of 7.19% compared to First Trust Nasdaq-100 Ex-Technology Sector Index Fund (QQXT) at 4.42%. This indicates that QTEC's price experiences larger fluctuations and is considered to be riskier than QQXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...