QTR vs. FVC

Last updated Jun 4, 2026

QTR (Global X NASDAQ 100 Tail Risk ETF) and FVC (First Trust Dorsey Wright Dynamic Focus 5 ETF) are both exchange-traded funds - QTR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Protective Put 90 Index, while FVC is a Hedge Fund fund tracking the Dorsey Wright Dynamic Focus Five Index. Both are passively managed. Over the past 3 years, QTR returned 22.93%/yr vs 10.91%/yr for FVC. A 0.67 correlation means they provide meaningful diversification when combined. QTR charges 0.60%/yr vs 0.71%/yr for FVC.

Performance

QTR vs. FVC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Tail Risk ETF (QTR) and First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QTR having a 17.64% return and FVC slightly lower at 17.30%.

QTR

• 1D: -0.24%
• 1M: 10.52%
• YTD: 17.64%
• 6M: 15.72%
• 1Y: 33.76%
• 3Y*: 22.93%
• 5Y*: —
• 10Y*: —

FVC

• 1D: 1.40%
• 1M: 11.30%
• YTD: 17.30%
• 6M: 17.97%
• 1Y: 23.41%
• 3Y*: 10.91%
• 5Y*: 4.98%
• 10Y*: 8.62%

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

QTR vs. FVC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTR Global X NASDAQ 100 Tail Risk ETF	17.64%	14.52%	21.46%	45.53%	-29.94%	4.16%
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF	17.30%	2.12%	12.43%	-4.59%	-6.03%	3.36%

Correlation

The correlation between QTR and FVC is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.67

The correlation between QTR and FVC shifts across timeframes, from 0.67 (all time) to 0.77 (3 years), reflecting how their relationship changes across market environments.

QTR vs. FVC - Sectors Allocation Comparison

Sectors	QTR	FVC
Technology	53.8%	29.0%
Communication Services	15.8%	6.3%
Consumer Cyclical	12.2%	6.4%
Consumer Defensive	7.7%	-
Healthcare	4.2%	19.4%
Industrials	2.8%	27.8%
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	17.5%
Financial Services	0.2%	19.8%
Real Estate	0.1%	0.7%

Return for Risk

QTR vs. FVC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTR

QTR Risk / Return Rank: 64
QTR Sharpe Ratio Rank: 72
QTR Sortino Ratio Rank: 70
QTR Omega Ratio Rank: 68
QTR Calmar Ratio Rank: 55
QTR Martin Ratio Rank: 55

FVC

FVC Risk / Return Rank: 49
FVC Sharpe Ratio Rank: 53
FVC Sortino Ratio Rank: 53
FVC Omega Ratio Rank: 61
FVC Calmar Ratio Rank: 36
FVC Martin Ratio Rank: 43

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.

QTR vs. FVC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Tail Risk ETF (QTR) and First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC). 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.

	QTR	FVC	Difference
Sharpe ratio Return per unit of total volatility	2.40	1.82	+0.58
Sortino ratio Return per unit of downside risk	3.22	2.55	+0.68
Omega ratio Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio Return relative to maximum drawdown	2.76	1.77	+0.99
Martin ratio Return relative to average drawdown	9.47	6.94	+2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTR vs. FVC - Sharpe Ratio Comparison

The current QTR Sharpe Ratio is 2.40, which is higher than the FVC Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of QTR and FVC, 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

	QTR	FVC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.82	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.50	+0.18

Drawdowns

QTR vs. FVC - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, roughly equal to the maximum FVC drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for QTR and FVC.

Drawdown Indicators

	QTR	FVC	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-30.96%	-0.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-13.32%	+1.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	-14.75%	-4.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.96%	—
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-8.84%	-7.06%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	3.38%	+0.19%

Volatility

QTR vs. FVC - Volatility Comparison

Global X NASDAQ 100 Tail Risk ETF (QTR) has a higher volatility of 4.52% compared to First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) at 4.29%. This indicates that QTR's price experiences larger fluctuations and is considered to be riskier than FVC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTR	FVC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	4.29%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	12.37%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	12.94%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	16.30%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	17.61%	+0.49%

QTR vs. FVC - Expense Ratio Comparison

QTR has a 0.60% expense ratio, which is lower than FVC's 0.71% expense ratio.

Dividends

QTR vs. FVC - Dividend Comparison

QTR's dividend yield for the trailing twelve months is around 15.96%, more than FVC's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF	1.92%	2.57%	0.78%	1.89%	1.50%	0.09%	0.21%	1.07%	0.24%	0.63%	0.67%
QTR Global X NASDAQ 100 Tail Risk ETF	15.96%	18.77%	0.50%	0.53%	0.36%	1.90%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTR and FVC in my portfolio?

QTR and FVC have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTR or FVC?

QTR has higher volatility (4.52%) compared to FVC (4.29%). In terms of maximum drawdown, QTR dropped -31.72% vs FVC's -30.96%.

Which ETF is better, QTR or FVC?

On 3-year performance, QTR leads with 22.93% vs 10.91% for FVC. On fees, QTR is cheaper at 0.60% per year. On volatility, FVC has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTR or FVC?

Over the 3-year period, QTR has performed better with a 22.93% return vs 10.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTR or FVC?

QTR is cheaper with a 0.60% expense ratio, compared with 0.71% for FVC.

Which ETF pays a higher dividend yield, QTR or FVC?

QTR has the higher dividend yield at 15.96%, compared with 1.92% for FVC.

What is the main difference between QTR and FVC?

QTR is categorized as Nasdaq-100, while FVC is Hedge Fund. QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index, while FVC tracks Dorsey Wright Dynamic Focus Five Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.60% for QTR and 0.71% for FVC.

Which has better risk-adjusted returns?

QTR currently has the higher Sharpe Ratio (2.40 vs 1.82), 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.