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

Key characteristics


QTECSKYY
YTD Return12.17%36.81%
1Y Return25.58%50.53%
3Y Return (Ann)3.29%0.49%
5Y Return (Ann)16.06%15.40%
10Y Return (Ann)17.24%15.98%
Sharpe Ratio1.292.62
Sortino Ratio1.783.26
Omega Ratio1.231.45
Calmar Ratio1.721.68
Martin Ratio5.1316.92
Ulcer Index5.80%3.32%
Daily Std Dev23.09%21.44%
Max Drawdown-58.86%-53.20%
Current Drawdown-4.19%0.00%

Correlation

-0.50.00.51.00.9

The correlation between QTEC and SKYY 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.

Performance

QTEC vs. SKYY - Performance Comparison

In the year-to-date period, QTEC achieves a 12.17% return, which is significantly lower than SKYY's 36.81% return. Over the past 10 years, QTEC has outperformed SKYY with an annualized return of 17.24%, while SKYY has yielded a comparatively lower 15.98% annualized 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%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
2.83%
24.26%
QTEC
SKYY

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. SKYY - Expense Ratio Comparison

QTEC has a 0.57% expense ratio, which is lower than SKYY's 0.60% expense ratio.


SKYY
First Trust ISE Cloud Computing Index Fund
Expense ratio chart for SKYY: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
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%

Risk-Adjusted Performance

QTEC vs. SKYY - 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 ISE Cloud Computing Index Fund (SKYY). 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
SKYY
Sharpe ratio
The chart of Sharpe ratio for SKYY, currently valued at 2.62, compared to the broader market-2.000.002.004.006.002.62
Sortino ratio
The chart of Sortino ratio for SKYY, currently valued at 3.26, compared to the broader market-2.000.002.004.006.008.0010.0012.003.26
Omega ratio
The chart of Omega ratio for SKYY, currently valued at 1.45, compared to the broader market1.001.502.002.503.001.45
Calmar ratio
The chart of Calmar ratio for SKYY, currently valued at 1.68, compared to the broader market0.005.0010.0015.001.68
Martin ratio
The chart of Martin ratio for SKYY, currently valued at 16.92, compared to the broader market0.0020.0040.0060.0080.00100.00120.0016.92

QTEC vs. SKYY - Sharpe Ratio Comparison

The current QTEC Sharpe Ratio is 1.29, which is lower than the SKYY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of QTEC and SKYY, 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
2.62
QTEC
SKYY

Dividends

QTEC vs. SKYY - Dividend Comparison

QTEC's dividend yield for the trailing twelve months is around 0.04%, while SKYY has not paid dividends to shareholders.


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%
SKYY
First Trust ISE Cloud Computing Index Fund
0.00%0.00%0.23%0.78%0.17%0.54%0.95%0.27%0.35%0.41%0.17%0.00%

Drawdowns

QTEC vs. SKYY - Drawdown Comparison

The maximum QTEC drawdown since its inception was -58.86%, which is greater than SKYY's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for QTEC and SKYY. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.19%
0
QTEC
SKYY

Volatility

QTEC vs. SKYY - Volatility Comparison

First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) and First Trust ISE Cloud Computing Index Fund (SKYY) have volatilities of 6.69% and 6.42%, 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.


4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
6.69%
6.42%
QTEC
SKYY