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ETFs

First Trust NASDAQ-100-Technology Sector Index Fund

QTEC
$--
Today’s Change
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Snapshot
*

Inception Date
Apr 19 2006
Expense Ratio
0.56%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$13,098,956
AUM
$1,603,375,256
Associated Index
NASDAQ-100 Technology Sector Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MU
Micron Technology Inc.
2.99%
MRVL
Marvell Technology Inc
2.91%
INTC
Intel Corp.
2.89%
FTNT
Fortinet Inc
2.89%
ASML
ASML Holding NV - New York Shares
2.87%
ADBE
Adobe Inc
2.87%
NVDA
NVIDIA Corp
2.86%
INTU
Intuit Inc
2.86%
META
Meta Platforms Inc - Ordinary Shares - Class A
2.86%
ZS
Zscaler Inc
2.86%
Invest with QTEC

What is QTEC?

The First Trust NASDAQ-100-Technology Sector Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Technology Sector Index.

ETFs related toQTEC

ETFs correlated to QTEC include IGM, FXL, XNTK

QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
XNTK
SPDR Series Trust - SPDR NYSE Technology ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
RYT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
FBCG
Fidelity Covington Trust - Fidelity Blue Chip Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toQTEC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with QTEC using Composer

FAQ

QTEC is a US Equities ETF. The First Trust NASDAQ-100-Technology Sector Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Technology Sector Index.

QTEC tracks the NASDAQ-100 Technology Sector Index.

No, QTEC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QTEC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QTEC is 0.0728%. This is the percent change in the value of QTEC over the most recent 1-month period. The 3-month return on QTEC is 0.2367%. This is the percent change in the value of QTEC over the most recent 3-month period.

The standard deviation of QTEC for the past year is 0.3856%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QTEC include XLF, XLK, and XLU.

ETFs correlated to QTEC include IGM, FXL, and XNTK.

ETFs that are inversely correlated to QTEC include BERZ, QID, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.