QTEC vs. RSPT
Compare and contrast key facts about First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and Invesco S&P 500 Equal Weight Technology ETF (RSPT).
QTEC and RSPT 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. RSPT is a passively managed fund by Invesco that tracks the performance of the S&P 500® Information Technology Index. It was launched on Jan 11, 2006. Both QTEC and RSPT 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 RSPT.
Correlation
The correlation between QTEC and RSPT 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.
Performance
QTEC vs. RSPT - Performance Comparison
Key characteristics
QTEC:
0.00
RSPT:
0.24
QTEC:
0.20
RSPT:
0.53
QTEC:
1.03
RSPT:
1.07
QTEC:
-0.01
RSPT:
0.25
QTEC:
-0.04
RSPT:
0.86
QTEC:
9.67%
RSPT:
7.84%
QTEC:
31.66%
RSPT:
27.30%
QTEC:
-58.86%
RSPT:
-58.91%
QTEC:
-12.52%
RSPT:
-10.71%
Returns By Period
In the year-to-date period, QTEC achieves a -2.11% return, which is significantly higher than RSPT's -3.89% return. Both investments have delivered pretty close results over the past 10 years, with QTEC having a 16.07% annualized return and RSPT not far behind at 15.49%.
QTEC
-2.11%
23.22%
-8.09%
0.11%
13.62%
16.07%
RSPT
-3.89%
21.68%
-7.64%
6.50%
14.64%
15.49%
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QTEC vs. RSPT - Expense Ratio Comparison
QTEC has a 0.57% expense ratio, which is higher than RSPT's 0.40% expense ratio.
Risk-Adjusted Performance
QTEC vs. RSPT — Risk-Adjusted Performance Rank
QTEC
RSPT
QTEC vs. RSPT - 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 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.
Dividends
QTEC vs. RSPT - Dividend Comparison
QTEC's dividend yield for the trailing twelve months is around 0.02%, less than RSPT's 0.46% 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% |
RSPT Invesco S&P 500 Equal Weight Technology ETF | 0.46% | 0.44% | 0.56% | 0.71% | 0.50% | 1.29% | 0.92% | 0.98% | 0.84% | 1.16% | 1.18% | 1.16% |
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. For additional features, visit the drawdowns tool.
Volatility
QTEC vs. RSPT - Volatility Comparison
First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a higher volatility of 16.69% compared to Invesco S&P 500 Equal Weight Technology ETF (RSPT) at 14.47%. This indicates that QTEC's price experiences larger fluctuations and is considered to be riskier than RSPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.