QTEC vs. USOY
QTEC (First Trust NASDAQ-100 Technology Sector Index Fund) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - QTEC is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Index, while USOY is a Derivative Income fund actively managed by Defiance. QTEC is passively managed, while USOY is actively managed. Over the past year, QTEC returned 67.84% vs 57.29% for USOY. At a correlation of -0.03, they often move in opposite directions. QTEC charges 0.57%/yr vs 1.22%/yr for USOY.
Performance
QTEC vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, QTEC achieves a 44.73% return, which is significantly lower than USOY's 62.18% return.
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%
USOY
- 1D
- 1.45%
- 1M
- -3.43%
- YTD
- 62.18%
- 6M
- 59.35%
- 1Y
- 57.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTEC vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QTEC First Trust NASDAQ-100 Technology Sector Index Fund | 44.73% | 22.28% | 1.93% |
USOY Defiance Oil Enhanced Options Income ETF | 62.18% | -7.93% | 7.27% |
Correlation
The correlation between QTEC and USOY is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.03 |
The correlation between QTEC and USOY shifts across timeframes, from -0.22 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QTEC vs. USOY — Risk / Return Rank
QTEC
USOY
QTEC vs. USOY - 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 Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 4.03 | +0.22 |
| Martin ratioReturn relative to average drawdown | 13.77 | 7.74 | +6.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTEC | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | 1.89 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.99 | -0.39 |
Drawdowns
QTEC vs. USOY - Drawdown Comparison
The maximum QTEC drawdown since its inception was -58.86%, which is greater than USOY's maximum drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for QTEC and USOY.
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Drawdown Indicators
| QTEC | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.86% | -17.46% | -41.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -14.29% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -29.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -45.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.11% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -6.47% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 7.42% | -2.48% |
Volatility
QTEC vs. USOY - Volatility Comparison
The current volatility for First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) is 7.34%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.62%. This indicates that QTEC experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTEC | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 11.62% | -4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 18.26% | 27.18% | -8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.98% | 30.44% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.19% | 26.13% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.51% | 26.13% | +1.38% |
QTEC vs. USOY - Expense Ratio Comparison
QTEC has a 0.57% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
QTEC vs. USOY - Dividend Comparison
QTEC has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 54.16%.
| 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% |
USOY Defiance Oil Enhanced Options Income ETF | 54.16% | 104.32% | 48.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTEC and USOY have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.62%) compared to QTEC (7.34%). In terms of maximum drawdown, QTEC dropped -58.86% vs USOY's -17.46%.
On 1-year performance, QTEC leads with 67.84% vs 57.29% for USOY. On fees, QTEC is cheaper at 0.57% per year. On volatility, QTEC has been the lower-risk option at 7.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTEC has performed better with a 67.84% return vs 57.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTEC is cheaper with a 0.57% expense ratio, compared with 1.22% for USOY.
USOY has the higher dividend yield at 54.16%, compared with 0.00% for QTEC.
QTEC is categorized as Nasdaq-100, while USOY is Derivative Income. They also come from different issuers: First Trust and Defiance. Their fees differ too: 0.57% for QTEC and 1.22% for USOY.
QTEC currently has the higher Sharpe Ratio (2.97 vs 1.89), 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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