QQXT vs SCHK: Grades, Fees and Holdings Compared

First Trust NASDAQ-100 Ex-Technology Sector Index Fund

QQXTCNasdaq

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

11.2%by weight

Expense ratio

SCHK −0.54pt a year

QQXT0.57%SCHK0.03%

Avg volume · 30D

SCHK 204.0×the volume

QQXT6.59KSCHK1.34M

5Y return · a year

SCHK +6.9pt

QQXT+3.2%SCHK+10.1%

QQXT vs SCHK Performance

Nov 5, 2021 – Nov 5, 2026

+17.3%QQXT+61.9%SCHK

Expense ratio: QQXT 0.57%; SCHK 0.03%, better
Fund size: QQXT $145M; SCHK $5.76B
1Y total return: QQXT +3.7%; SCHK +9.2%, better
Yield (12M): QQXT 1.27%, better; SCHK 1.09%
Holdings: QQXT 55; SCHK 998
Avg volume (30D): QQXT 6.59K sh; SCHK 1.34M sh, better
NAV per share: QQXT $103.37; SCHK $36.82
52W range

ETF.net Grade

Pillar letters and Scores for QQXT, SCHK, with each pillar’s weight
Pillar	QQXT	SCHK
Cost30% weight	F24	A98Higher
Mission25% weight	C43	A100Higher
Risk15% weight	B58	B65Higher
Tradability15% weight	B61	A90Higher
Holdings10% weight	B63Higher	B60
Durability5% weight	B64	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. QQXT and SCHK are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SCHK ranks 2nd and QQXT 29th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 84
Rank 27CWLDRAffinity World Leaders Equity ETFScore 47
Rank 29CQQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index FundScore 45
Rank 30CEXEQWedbush ReturnOnLeadership U.S. Large-Cap ETFScore 40

Our read on each fund

ETF.net Research

QQXTCFirst Trust NASDAQ-100 Ex-Technology Sector Index Fund

SCHKASchwab 1000 Index ETF

In short

QQXT Take the Nasdaq-100, then delete the technology sector. What's left is roughly 60 Nasdaq names, tracked by an index built for exactly that job since 2007.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

QQXT The Fund seeks investment results that generally correspond to the price and yield of the Nasdaq-100 Ex-Tech SectorTM Index, before fees and expenses.

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

QQXT A genuinely rare mandate: it tracks the Nasdaq-100 Ex-Tech Sector Index, so you get the exchange's non-tech side without the megacap chip and software names crowding everything out.ftportfolios.com
Live since 2007, a long run for a slice this narrow, with a published index rulebook rather than manager discretion deciding the lineup.
About 60 holdings and a quarterly distribution schedule. It behaves like a plain equity index fund, not a thematic experiment.

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

QQXT 0.57% a year, above the median for index wrappers. The cheapest funds in its peer group, like SCHK and VOOV, charge a small fraction of that.
Thinly traded, so spreads can widen. Limit orders matter more here than with the headline index funds.
Stripping out the parent index's biggest sector means this tracks a different market from the headline Nasdaq gauge, in both directions.

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full QQXT profile⁠

Full SCHK profile⁠

QQXT vs SCHK Holdings

How QQXT and SCHK differ

Overlap by weight

11.2%

Shared holdings make up 94.5% of QQXT and 12.9% of SCHK.

Level by level

Holdings51 in both11.2%
Sector11 Sectors55.6%
Countryby domicile92.8%
Asset classStocks100%

Sector

Sector weights in QQXT and SCHK, widest gap first
Sector	Gap	QQXT	SCHK
Technology	SCHK +30.5 points	7.4%	37.9%
Industrials	QQXT +11.6 points	20.1%	8.6%
Financials	SCHK +9.9 points	2.1%	12.0%
Health Care	QQXT +9.5 points	19.9%	10.4%
Consumer Staples	QQXT +9.5 points	14.0%	4.5%
Consumer Discretionary	QQXT +7.7 points	16.7%	9.0%
Utilities	QQXT +5.9 points	7.9%	2.0%
Real Estate	SCHK +2.0 points	0.0%	2.0%
Communication	SCHK +1.6 points	6.3%	7.9%
Energy	SCHK +0.3 points	3.6%	3.9%
Materials	QQXT +0.2 points	2.0%	1.8%

Country, concentration and asset class

Country by domicile

Country weights in QQXT and SCHK, widest gap first
Country	Gap	QQXT	SCHK
United States	SCHK +6.7 points	92.7%	99.4%
United Kingdom	QQXT +3.8 points	3.9%	0.1%
Netherlands	QQXT +1.8 points	1.8%	0.0%
Uruguay	QQXT +1.6 points	1.6%	0.0%
Other countries (7)	SCHK +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

QQXT22.4%
SCHK34.7%

Securities held

QQXT54
SCHK997

Asset class

QQXT: Stocks
SCHK: Stocks

Holdings

Only in QQXT3
In both51
Only in SCHK946

Only in QQXT

3 securities, 5.4% of QQXT by weight

Coca-Cola European Partners Plc1.95%
Ferrovial NV1.83%
MercadoLibre, Inc.1.63%

Only in SCHK

946 securities, 87.0% of SCHK by weight

Apple7.10%
NVIDIA6.74%
Microsoft5.74%
Alphabet Class A2.36%
Broadcom Inc2.16%
Meta Platforms Class A1.94%
Alphabet Class C1.90%
Eli Lilly1.58%
Berkshire Hathaway Inc Class B1.50%
JPMorgan Chase1.30%
Micron Technology1.25%
Advanced Micro Devices1.11%
Visa Class A1.04%
Exxonmobil Holdings Corp0.97%
Johnson & Johnson0.93%
Mastercard Class A0.76%
AbbVie0.73%
Chevron0.60%
Palantir Technologies Class A0.55%
Procter & Gamble0.54%
Coca-Cola0.52%
Merck & Co Inc0.52%
UnitedHealth Group0.51%
Home Depot0.49%
Ge Aerospace0.48%
Bank of America0.47%
Philip Morris International0.46%
Applied Material Inc0.41%
Intel Corporation Corp0.40%
Texas Instrument0.40%
Palo Alto Networks0.40%
Lam Research0.39%
Caterpillar Inc0.38%
Goldman Sachs Group0.38%
Rtx0.37%
Wells Fargo0.37%
Thermo Fisher Scientific0.36%
Crowdstrike Holdings Class A0.34%
International Business Machines Co0.33%
Morgan Stanley0.32%
Ge Vernova0.31%
Oracle0.30%
Citigroup0.29%
Walt Disney0.29%
Abbott Laboratories0.28%
Mcdonalds Corp0.28%
Analog Devices0.28%
Kla0.27%
Amphenol Corp Class A0.27%
Verizon Communications Inc0.27%

Weight gaps

All 51 Holdings in both funds, largest gap first.

Holding weights in QQXT and SCHK, widest gap first
Holding	Gap	QQXT	SCHK
Moderna, Inc.MRNA	QQXT +2.51 points	2.64%	0.13%
IDEXX Laboratories, Inc.IDXX	QQXT +2.20 points	2.28%	0.08%
GE HealthCare Technologies Inc.GEHC	QQXT +2.14 points	2.19%	0.05%
Marriott International, Inc.MAR	QQXT +2.13 points	2.26%	0.13%
Intuitive Surgical, Inc.ISRG	QQXT +2.09 points	2.33%	0.24%
Keurig Dr Pepper Inc.KDP	QQXT +2.03 points	2.10%	0.07%
PayPal Holdings, Inc.PYPL	QQXT +2.01 points	2.08%	0.07%
Regeneron Pharmaceuticals, Inc.REGN	QQXT +1.99 points	2.12%	0.13%
Cintas CorporationCTAS	QQXT +1.95 points	2.06%	0.11%
Fastenal CompanyFAST	QQXT +1.87 points	1.96%	0.09%
Gilead Sciences, Inc.GILD	QQXT +1.87 points	2.17%	0.30%
Xcel Energy Inc.XEL	QQXT +1.86 points	1.93%	0.07%
Exelon CorporationEXC	QQXT +1.85 points	1.92%	0.07%
Mondelez International, Inc.MDLZ	QQXT +1.85 points	1.97%	0.12%
Ross Stores, Inc.ROST	QQXT +1.84 points	1.95%	0.11%
Honeywell International Inc.HON	QQXT +1.84 points	1.94%	0.10%
Monster Beverage CorporationMNST	QQXT +1.83 points	1.93%	0.10%
American Electric Power Company, Inc.AEP	QQXT +1.82 points	1.92%	0.10%
O'Reilly Automotive, Inc.ORLY	QQXT +1.79 points	1.89%	0.10%
Amazon.com, Inc.AMZN	SCHK +1.78 points	1.86%	3.64%
Automatic Data Processing, Inc.ADP	QQXT +1.76 points	1.93%	0.17%
Copart, Inc.CPRT	QQXT +1.76 points	1.80%	0.04%
CSX CorporationCSX	QQXT +1.74 points	1.87%	0.13%
Honeywell Aerospace Inc.HONA	QQXT +1.73 points	1.80%	0.07%
DexCom, Inc.DXCM	QQXT +1.72 points	1.77%	0.05%
Starbucks CorporationSBUX	QQXT +1.71 points	1.88%	0.17%
Take-Two Interactive Software, Inc.TTWO	QQXT +1.68 points	1.73%	0.05%
Amgen Inc.AMGN	QQXT +1.66 points	2.02%	0.36%
Airbnb, Inc. (Class A)ABNB	QQXT +1.65 points	1.75%	0.10%
Paychex, Inc.PAYX	QQXT +1.64 points	1.69%	0.05%
Vertex Pharmaceuticals IncorporatedVRTX	QQXT +1.64 points	1.83%	0.19%
Linde PlcLIN	QQXT +1.61 points	1.95%	0.34%
Diamondback Energy, Inc.FANG	QQXT +1.61 points	1.66%	0.05%
Old Dominion Freight Line, Inc.ODFL	QQXT +1.58 points	1.63%	0.05%
Comcast Corporation (Class A)CMCSA	QQXT +1.58 points	1.70%	0.12%
PepsiCo, Inc.PEP	QQXT +1.57 points	1.84%	0.27%
Constellation Energy CorporationCEG	QQXT +1.52 points	1.63%	0.11%
T-Mobile US, Inc.TMUS	QQXT +1.49 points	1.60%	0.11%
PACCAR IncPCAR	QQXT +1.47 points	1.55%	0.08%
Space Exploration Technologies Corp. (Class A)SPCX	QQXT +1.46 points	1.72%	0.26%
Rocket Lab CorporationRKLB	QQXT +1.45 points	1.49%	0.04%
Walmart Inc.WMT	QQXT +1.44 points	2.24%	0.80%
Booking Holdings Inc.BKNG	QQXT +1.38 points	1.56%	0.18%
Costco Wholesale CorporationCOST	QQXT +1.36 points	2.01%	0.65%
Baker Hughes Company (Class A)BKR	QQXT +1.36 points	1.43%	0.07%
Axon Enterprise Inc.AXON	QQXT +1.31 points	1.36%	0.05%
Alnylam Pharmaceuticals, Inc.ALNY	QQXT +1.19 points	1.22%	0.03%
Lumentum Holdings Inc.LITE	QQXT +1.16 points	1.24%	0.08%
Cisco Systems, Inc.CSCO	QQXT +1.13 points	1.70%	0.57%
Netflix, Inc.NFLX	QQXT +1.10 points	1.49%	0.39%
Tesla, Inc.TSLA	QQXT +0.39 points	1.90%	1.51%

All 54 QQXT holdings⁠All 1,000 SCHK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QQXT vs SCHK Cost

Overpaying QQXT vs SCHK

$10,633

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

QQXT 0.57%
$11,271
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

QQXT 0.57%
SCHK 0.03%
Overpaying

Year by year

Year	QQXT	SCHK	Overpaying
10	$1,023	$55	$968
20	$3,921	$216	$3,705
30	$11,271	$638	$10,633

Expense ratio

0.57%QQXT
0.03%SCHK, cheaper

SCHK0.03%QQXT0.57%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

QQXT 32nd cheapest of 42 funds

QQXT vs SCHK Dividends

Last 12 months to Nov 5, 2026

Yield (12M): QQXT 1.27%, better; SCHK 1.09%
Payout (12M): QQXT $1.27; SCHK $0.38
Last payment: QQXT $0.19; SCHK $0.10
Ex-dividend: QQXT Sep 24, 2026; SCHK Sep 23, 2026
Paid on: QQXT Sep 30, 2026; SCHK Sep 28, 2026
Frequency: QQXT Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQXTQuarterly · 39 paymentsAll QQXT payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

QQXT vs SCHK Risk

Fall from peak · 5 years

QQXT
SCHK

Risk facts

VolatilityStd dev, 3 years: QQXT 11.6%, betterSCHK 12.6%
Return per unit of riskSharpe ratio, 3 years: QQXT 0.52SCHK 1.39, better
Worst fallMax drawdown, 5 years: QQXT −24.3%, betterSCHK −25.4%
Market sensitivityBeta, 5 years: QQXT 0.67SCHK 1.02; Market = 1

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