QTEC vs. USFR
QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - QTEC is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, QTEC returned 22.91%/yr vs 2.43%/yr for USFR. At a 0.01 correlation, their price movements are largely independent. QTEC charges 0.57%/yr vs 0.15%/yr for USFR.
Performance
QTEC vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, QTEC achieves a 38.99% return, which is significantly higher than USFR's 1.82% return. Over the past 10 years, QTEC has outperformed USFR with an annualized return of 22.91%, while USFR has yielded a comparatively lower 2.43% annualized return.
QTEC
- 1D
- -4.69%
- 1M
- 5.04%
- YTD
- 38.99%
- 6M
- 36.41%
- 1Y
- 56.32%
- 3Y*
- 31.13%
- 5Y*
- 15.56%
- 10Y*
- 22.91%
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
QTEC vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 38.99% | 22.28% | 7.32% | 67.02% | -39.83% | 26.89% | 38.76% | 48.22% | -4.62% | 37.78% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between QTEC and USFR is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | 0.01 |
The correlation between QTEC and USFR shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QTEC vs. USFR — Risk / Return Rank
QTEC
USFR
QTEC vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QTEC | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.51 | ||
| Sortino ratioReturn per unit of downside risk | -47.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 13.31 | -11.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 201.33 | -197.80 |
| Martin ratioReturn relative to average drawdown | 11.11 | 779.76 | -768.65 |
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Drawdowns
QTEC vs. USFR - Drawdown Comparison
The maximum QTEC drawdown since its inception was -58.86%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for QTEC and USFR.
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Drawdown Indicators
| QTEC | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.86% | -1.36% | -57.50% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -0.02% | -16.01% |
Max Drawdown (3Y)Largest decline over 3 years | -29.00% | -0.06% | -28.94% |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | -0.18% | -45.36% |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | -0.80% | -44.74% |
Current DrawdownCurrent decline from peak | -4.69% | 0.00% | -4.69% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -0.15% | -9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 0.01% | +5.07% |
Volatility
QTEC vs. USFR - Volatility Comparison
First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a higher volatility of 14.47% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that QTEC's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTEC | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.47% | 0.09% | +14.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.95% | 0.19% | +21.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.15% | 0.27% | +25.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.72% | 0.40% | +29.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.75% | 0.78% | +26.97% |
QTEC vs. USFR - Expense Ratio Comparison
QTEC has a 0.57% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
QTEC vs. USFR - Dividend Comparison
QTEC has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.90%.
| 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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
Frequently Asked Questions
QTEC and USFR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTEC has higher volatility (14.47%) compared to USFR (0.09%). In terms of maximum drawdown, QTEC dropped -58.86% vs USFR's -1.36%.
On 10-year performance, QTEC leads with 22.91% vs 2.43% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QTEC has performed better with a 22.91% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.57% for QTEC.
USFR has the higher dividend yield at 3.90%, compared with 0.00% for QTEC.
QTEC is categorized as Nasdaq-100, while USFR is Government Bonds. QTEC tracks NASDAQ-100 Technology Sector Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.57% for QTEC and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 2.17), 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.
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