QTEC vs. RSPT

Last updated Jun 4, 2026

QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) and RSPT (Invesco S&P 500 Equal Weight Technology ETF) are both exchange-traded funds - QTEC is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Index, while RSPT is a Technology Equities fund tracking the S&P 500® Information Technology Index. Both are passively managed. Over the past 10 years, QTEC returned 23.00%/yr vs 22.48%/yr for RSPT. Their correlation of 0.92 suggests significant overlap in exposure. QTEC charges 0.57%/yr vs 0.40%/yr for RSPT.

Performance

QTEC vs. RSPT - 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 S&P 500 Equal Weight Technology ETF (RSPT). 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 lower than RSPT's 47.30% return. Both investments have delivered pretty close results over the past 10 years, with QTEC having a 23.00% annualized return and RSPT not far behind at 22.48%.

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%

RSPT

• 1D: -0.76%
• 1M: 22.88%
• YTD: 47.30%
• 6M: 46.37%
• 1Y: 75.62%
• 3Y*: 33.71%
• 5Y*: 19.46%
• 10Y*: 22.48%

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

QTEC vs. RSPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QTEC First Trust NASDAQ-100 Technology Sector Index Fund	44.73%	22.28%	7.32%	67.02%	-39.83%	26.89%	38.76%	48.22%	-4.62%	37.78%
RSPT Invesco S&P 500 Equal Weight Technology ETF	47.30%	22.15%	15.16%	35.18%	-24.50%	28.53%	30.21%	42.07%	-0.61%	32.98%

Correlation

The correlation between QTEC and RSPT is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 8, 2006	0.92

The correlation between QTEC and RSPT has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

QTEC vs. RSPT - Sectors Allocation Comparison

Sectors	QTEC	RSPT
Technology	87.9%	97.6%
Communication Services	6.2%	-
Consumer Cyclical	4.0%	-
Industrials	1.9%	1.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	1.4%
Financial Services	-	0.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QTEC vs. RSPT — 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

RSPT

RSPT Risk / Return Rank: 91
RSPT Sharpe Ratio Rank: 93
RSPT Sortino Ratio Rank: 90
RSPT Omega Ratio Rank: 86
RSPT Calmar Ratio Rank: 94
RSPT Martin Ratio Rank: 93

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. RSPT - 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 Invesco S&P 500 Equal Weight Technology ETF (RSPT). 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	RSPT	Difference
Sharpe ratio: Return per unit of total volatility	2.97	3.54	-0.57
Sortino ratio: Return per unit of downside risk	3.67	4.27	-0.60
Omega ratio: Gain probability vs. loss probability	1.47	1.55	-0.07
Calmar ratio: Return relative to maximum drawdown	4.25	7.12	-2.87
Martin ratio: Return relative to average drawdown	13.77	25.76	-11.99
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. RSPT - Sharpe Ratio Comparison

The current QTEC Sharpe Ratio is 2.97, which is comparable to the RSPT Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of QTEC and RSPT, 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	RSPT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.97	3.54	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.81	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.95	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.65	-0.05

Drawdowns

QTEC vs. RSPT - Drawdown Comparison

The maximum QTEC drawdown since its inception was -58.86%, roughly equal to the maximum RSPT drawdown of -58.91%. Use the drawdown chart below to compare losses from any high point for QTEC and RSPT.

Drawdown Indicators

	QTEC	RSPT	Difference
Max Drawdown Largest peak-to-trough decline	-58.86%	-58.91%	+0.05%
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	-10.67%	-5.36%
Max Drawdown (3Y) Largest decline over 3 years	-29.00%	-26.62%	-2.38%
Max Drawdown (5Y) Largest decline over 5 years	-45.54%	-32.49%	-13.05%
Max Drawdown (10Y) Largest decline over 10 years	-45.54%	-33.67%	-11.87%
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-9.89%	-8.90%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.94%	2.95%	+1.99%

Volatility

QTEC vs. RSPT - Volatility Comparison

First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and Invesco S&P 500 Equal Weight Technology ETF (RSPT) have volatilities of 7.34% and 7.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTEC	RSPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	7.02%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	18.26%	17.12%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	22.98%	21.55%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.19%	24.08%	+5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.51%	23.77%	+3.74%

QTEC vs. RSPT - Expense Ratio Comparison

QTEC has a 0.57% expense ratio, which is higher than RSPT's 0.40% expense ratio.

Dividends

QTEC vs. RSPT - Dividend Comparison

QTEC has not paid dividends to shareholders, while RSPT's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RSPT Invesco S&P 500 Equal Weight Technology ETF	0.25%	0.39%	0.44%	0.56%	0.71%	0.50%	1.29%	0.92%	0.98%	0.84%	1.16%	1.18%

Frequently Asked Questions

Can I hold both QTEC and RSPT in my portfolio?

With a correlation of 0.96, QTEC and RSPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QTEC or RSPT?

QTEC has higher volatility (7.34%) compared to RSPT (7.02%). In terms of maximum drawdown, QTEC dropped -58.86% vs RSPT's -58.91%.

Which ETF is better, QTEC or RSPT?

On 10-year performance, QTEC leads with 23.00% vs 22.48% for RSPT. On fees, RSPT is cheaper at 0.40% per year. On volatility, RSPT has been the lower-risk option at 7.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTEC or RSPT?

Over the 10-year period, QTEC has performed better with a 23.00% return vs 22.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTEC or RSPT?

RSPT is cheaper with a 0.40% expense ratio, compared with 0.57% for QTEC.

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

RSPT has the higher dividend yield at 0.25%, compared with 0.00% for QTEC.

What is the main difference between QTEC and RSPT?

QTEC is categorized as Nasdaq-100, while RSPT is Technology Equities. QTEC tracks NASDAQ-100 Technology Sector Index, while RSPT tracks S&P 500® Information Technology Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.57% for QTEC and 0.40% for RSPT.

Which has better risk-adjusted returns?

RSPT currently has the higher Sharpe Ratio (3.54 vs 2.97), 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.