PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
RSPT vs. QTEC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


RSPTQTEC
YTD Return18.12%12.17%
1Y Return31.28%25.58%
3Y Return (Ann)7.05%3.29%
5Y Return (Ann)15.91%16.06%
10Y Return (Ann)16.95%17.24%
Sharpe Ratio1.831.29
Sortino Ratio2.441.78
Omega Ratio1.311.23
Calmar Ratio2.761.72
Martin Ratio8.915.13
Ulcer Index3.98%5.80%
Daily Std Dev19.37%23.09%
Max Drawdown-58.91%-58.86%
Current Drawdown-1.44%-4.19%

Correlation

-0.50.00.51.00.9

The correlation between RSPT and QTEC is 0.92, 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

RSPT vs. QTEC - Performance Comparison

In the year-to-date period, RSPT achieves a 18.12% return, which is significantly higher than QTEC's 12.17% return. Both investments have delivered pretty close results over the past 10 years, with RSPT having a 16.95% annualized return and QTEC not far ahead at 17.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
9.46%
2.83%
RSPT
QTEC

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


RSPT vs. QTEC - Expense Ratio Comparison

RSPT has a 0.40% expense ratio, which is lower than QTEC's 0.57% expense ratio.


QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
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%
Expense ratio chart for RSPT: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Risk-Adjusted Performance

RSPT vs. QTEC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Technology ETF (RSPT) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC). 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.


RSPT
Sharpe ratio
The chart of Sharpe ratio for RSPT, currently valued at 1.83, compared to the broader market-2.000.002.004.006.001.83
Sortino ratio
The chart of Sortino ratio for RSPT, currently valued at 2.44, compared to the broader market-2.000.002.004.006.008.0010.0012.002.44
Omega ratio
The chart of Omega ratio for RSPT, currently valued at 1.31, compared to the broader market1.001.502.002.503.001.31
Calmar ratio
The chart of Calmar ratio for RSPT, currently valued at 2.76, compared to the broader market0.005.0010.0015.002.76
Martin ratio
The chart of Martin ratio for RSPT, currently valued at 8.91, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.91
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

RSPT vs. QTEC - Sharpe Ratio Comparison

The current RSPT Sharpe Ratio is 1.83, which is higher than the QTEC Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of RSPT and QTEC, 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
1.83
1.29
RSPT
QTEC

Dividends

RSPT vs. QTEC - Dividend Comparison

RSPT's dividend yield for the trailing twelve months is around 0.45%, more than QTEC's 0.04% yield.


TTM20232022202120202019201820172016201520142013
RSPT
Invesco S&P 500 Equal Weight Technology ETF
0.45%0.56%0.71%0.50%1.29%0.92%0.98%0.84%1.16%1.18%1.16%0.80%
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%

Drawdowns

RSPT vs. QTEC - Drawdown Comparison

The maximum RSPT drawdown since its inception was -58.91%, roughly equal to the maximum QTEC drawdown of -58.86%. Use the drawdown chart below to compare losses from any high point for RSPT and QTEC. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.44%
-4.19%
RSPT
QTEC

Volatility

RSPT vs. QTEC - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Technology ETF (RSPT) is 5.70%, while First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) has a volatility of 6.69%. This indicates that RSPT experiences smaller price fluctuations and is considered to be less risky than QTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
5.70%
6.69%
RSPT
QTEC