QQXT
First Trust Nasdaq-100 Ex-Technology Sector Index Fund
First Trust NASDAQ-100 Ex-Technology Sector Index Fund seeks investment results that correspond to the price and yield of the NASDAQ-100 Ex-Tech Sector Index, which tracks securities that are no
US
EQUITY
Rules-Based
MANAGEMENT STYLE
60 bp
EXPENSES
$784.7 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust Advisors LP |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Feb 08, 2007 |
Assets (mns) | $785 |
Expense ratio | 60 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | NASDAQ - Listed |
Weighting | Equal |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TESLA MOTORS INC | 2.2 % |
WARNER BROS. DISCOVERY, INC. SERIES A | 2.0 % |
CHARTER COMMUNICATIONS, INC. CLASS A | 1.8 % |
AMGEN INC | 1.8 % |
BAKER HUGHES COMPANY CLASS A | 1.8 % |
CINTAS CORP | 1.8 % |
OLD DOMINION FREIGHT LINE | 1.8 % |
AMERICAN ELECTRIC POWER | 1.8 % |
DIAMONDBACK ENERGY INC | 1.8 % |
VERTEX PHARMACEUTICALS INC | 1.8 % |
Constituent Breakdown
Number of holdings | 361 |
Herfindahl-Hirschman Index | 169 |
Wgt avg mkt cap (mns) | $133,183 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 98.2% |
Emerging mkts. | 1.8% |
Country Exposure
UNITED STATES | 93.1 % | |
BRITAIN | 5.1 % | |
ARGENTINA | 1.8 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 0.2% | 5.7% | 12.9% | 1.6% | 10.8% | 9.8% | 9.7% | Volatility | 10.3% | 12.2% | 17.4% | 17.5% | 20.4% | 17.9% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.92 | 87% |
MSCI EAFE | 0.90 | 78% |
MSCI Emg Mkts | 0.64 | 41% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.09% |
ADV of underlying (mns) | $79,279 |
Technical Indicators
Recent close | $88.49 |
30d moving avg. | $89.07 |
Annualized volatility | 17.8% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 2.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. QQXT |
Expenses vs. QQXT |
ALTAR Score™ vs. QQXT |
---|---|---|---|---|
QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 60.1% | -2 bp | -0.6% |
QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 56.9% | -25 bp | -0.4% |
QQQ | Invesco QQQ Trust Series I | 32.6% | -40 bp | -0.8% |
QQQM | Invesco NASDAQ 100 ETF | 32.6% | -45 bp | -0.8% |
QQMG | Invesco ESG NASDAQ 100 ETF | 29.9% | -40 bp | -0.7% |
FTCS | First Trust Capital Strength ETF | 23.9% | -5 bp | +0.0% |
NULG | Nuveen ESG Large-Cap Growth ETF | 23.0% | -34 bp | -0.9% |
IYC | iShares U.S. Consumer Discretionary ETF | 18.9% | -20 bp | -1.7% |
ONEQ | Fidelity Nasdaq Composite Index ETF | 18.6% | -39 bp | -1.6% |
SZNE | Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF | 18.0% | 0 bp | +1.7% |
Risk and Returns: QQXT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QQXT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QQXT
5.5%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.5% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. QQXT's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places QQXT in the 47th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QQXT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
QQXT (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
QQXT | 60.0 | 8.7 | 68.7 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .