QQXT vs SPYV: Grades, Fees and Holdings Compared

First Trust NASDAQ-100 Ex-Technology Sector Index Fund

QQXTCNasdaq

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

15.3%by weight

Expense ratio

SPYV −0.53pt a year

QQXT0.57%SPYV0.04%

Avg volume · 30D

SPYV 338.9×the volume

QQXT6.59KSPYV2.23M

10Y return · a year

SPYV +1.7pt

QQXT+10.7%SPYV+12.4%

QQXT vs SPYV Performance

Nov 5, 2021 – Nov 5, 2026

+17.3%QQXT+69.0%SPYV

Expense ratio: QQXT 0.57%; SPYV 0.04%, better
Fund size: QQXT $145M; SPYV $39.3B
1Y total return: QQXT +3.7%; SPYV +15.5%, better
Yield (12M): QQXT 1.27%; SPYV 1.67%, better
Holdings: QQXT 55; SPYV 435
Avg volume (30D): QQXT 6.59K sh; SPYV 2.23M sh, better
NAV per share: QQXT $103.37; SPYV $65.14
52W range

ETF.net Grade

Pillar letters and Scores for QQXT, SPYV, with each pillar’s weight
Pillar	QQXT	SPYV
Cost30% weight	F24	A98Higher
Mission25% weight	C43	A86Higher
Risk15% weight	B58	A82Higher
Tradability15% weight	B61	A97Higher
Holdings10% weight	B63	A72Higher
Durability5% weight	B64	A86Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. QQXT and SPYV 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 ›

SPYV ranks 1st 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 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

SPYVAState Street SPDR Portfolio S&P 500 Value 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.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

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.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

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.

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

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.

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

Full QQXT profile⁠

Full SPYV profile⁠

QQXT vs SPYV Holdings

How QQXT and SPYV differ

Overlap by weight

15.3%

Shared holdings make up 75.1% of QQXT and 17.4% of SPYV.

Level by level

Holdings40 in both15.3%
Sector11 Sectors64.5%
Countryby domicile92.8%
Asset classStocks100%

Sector

Sector weights in QQXT and SPYV, widest gap first
Sector	Gap	QQXT	SPYV
Technology	SPYV +13.4 points	7.4%	20.8%
Financials	SPYV +13.1 points	2.1%	15.2%
Industrials	QQXT +9.4 points	20.1%	10.8%
Consumer Discretionary	QQXT +6.9 points	16.7%	9.8%
Health Care	QQXT +6.6 points	19.9%	13.3%
Consumer Staples	QQXT +5.0 points	14.0%	9.0%
Energy	SPYV +4.6 points	3.6%	8.2%
Utilities	QQXT +3.9 points	7.9%	4.0%
Communication	QQXT +3.8 points	6.3%	2.5%
Real Estate	SPYV +3.1 points	0.0%	3.1%
Materials	SPYV +1.3 points	2.0%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in QQXT and SPYV, widest gap first
Country	Gap	QQXT	SPYV
United States	SPYV +6.5 points	92.7%	99.2%
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%
Switzerland	SPYV +0.6 points	0.0%	0.6%
Other countries (2)	SPYV +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

QQXT22.4%
SPYV24.2%

Securities held

QQXT54
SPYV434

Asset class

QQXT: Stocks
SPYV: Stocks

Holdings

Only in QQXT14
In both40
Only in SPYV394

Only in QQXT

14 securities, 24.8% of QQXT by weight

Intuitive Surgical, Inc.2.33%
IDEXX Laboratories, Inc.2.28%
Marriott International, Inc.2.26%
Coca-Cola European Partners Plc1.95%
Monster Beverage Corporation1.93%
O'Reilly Automotive, Inc.1.89%
Ferrovial NV1.83%
Space Exploration Technologies Corp. (Class A)1.72%
MercadoLibre, Inc.1.63%
Booking Holdings Inc.1.56%
Rocket Lab Corporation1.49%
Netflix, Inc.1.49%
Lumentum Holdings Inc.1.24%
Alnylam Pharmaceuticals, Inc.1.22%

Only in SPYV

394 securities, 82.6% of SPYV by weight

Apple Inc8.25%
Exxonmobil Holdings Corp2.25%
Chevron Corp1.39%
Procter & Gamble Co/The1.26%
Merck & Co. Inc.1.20%
UnitedHealth Group Inc1.19%
Home Depot Inc1.15%
Bank of America Corp1.09%
Visa Inc Class A Shares1.08%
JPMorgan Chase & Co0.97%
Intel Corp0.94%
Texas Instruments Inc0.92%
AbbVie Inc0.91%
Johnson & Johnson0.88%
Wells Fargo & Co0.86%
Thermo Fisher Scientific Inc0.84%
Coca Cola Co/The0.70%
Citigroup Inc0.68%
Walt Disney Co/The0.66%
Abbott Laboratories0.65%
Analog Devices Inc0.64%
Verizon Communications Inc0.62%
Salesforce Inc0.60%
Qualcomm Inc0.60%
Nextera Energy Inc0.60%
Union Pacific Corp0.59%
Mastercard Inc A0.58%
BlackRock Inc0.57%
Pfizer Inc0.57%
Deere & Co0.55%
Conocophillips0.53%
General Electric0.53%
Accenture PLC Class A0.52%
Schwab (Charles) Corp0.49%
At+t Inc0.48%
Danaher Corp0.48%
Philip Morris International0.47%
Eaton Corp PLC0.44%
Chubb Ltd0.43%
Bristol Myers Squibb Co0.42%
Altria Group Inc0.42%
Lowe’s Cos Inc0.42%
Medtronic PLC0.42%
Capital One Financial Corp0.41%
Prologis Inc0.40%
Palo Alto Networks Inc0.40%
Mckesson Corp0.40%
Lockheed Martin Corp0.39%
Western Digital Corp0.38%
Oracle Corp0.38%

Weight gaps

All 40 Holdings in both funds, largest gap first.

Holding weights in QQXT and SPYV, widest gap first
Holding	Gap	QQXT	SPYV
Moderna, Inc.MRNA	QQXT +2.33 points	2.64%	0.31%
Amazon.com, Inc.AMZN	SPYV +2.11 points	1.86%	3.97%
GE HealthCare Technologies Inc.GEHC	QQXT +2.06 points	2.19%	0.13%
Keurig Dr Pepper Inc.KDP	QQXT +1.94 points	2.10%	0.16%
PayPal Holdings, Inc.PYPL	QQXT +1.91 points	2.08%	0.17%
Gilead Sciences, Inc.GILD	QQXT +1.85 points	2.17%	0.32%
Ross Stores, Inc.ROST	QQXT +1.82 points	1.95%	0.13%
Regeneron Pharmaceuticals, Inc.REGN	QQXT +1.82 points	2.12%	0.30%
Cintas CorporationCTAS	QQXT +1.80 points	2.06%	0.26%
Xcel Energy Inc.XEL	QQXT +1.77 points	1.93%	0.16%
Exelon CorporationEXC	QQXT +1.77 points	1.92%	0.15%
Fastenal CompanyFAST	QQXT +1.76 points	1.96%	0.20%
Amgen Inc.AMGN	QQXT +1.75 points	2.02%	0.27%
DexCom, Inc.DXCM	QQXT +1.72 points	1.77%	0.05%
Honeywell International Inc.HON	QQXT +1.71 points	1.94%	0.23%
Copart, Inc.CPRT	QQXT +1.71 points	1.80%	0.09%
Mondelez International, Inc.MDLZ	QQXT +1.69 points	1.97%	0.28%
American Electric Power Company, Inc.AEP	QQXT +1.69 points	1.92%	0.23%
Take-Two Interactive Software, Inc.TTWO	QQXT +1.67 points	1.73%	0.06%
Honeywell Aerospace Inc.HONA	QQXT +1.64 points	1.80%	0.16%
Airbnb, Inc. (Class A)ABNB	QQXT +1.62 points	1.75%	0.13%
Paychex, Inc.PAYX	QQXT +1.57 points	1.69%	0.12%
CSX CorporationCSX	QQXT +1.56 points	1.87%	0.31%
Constellation Energy CorporationCEG	QQXT +1.54 points	1.63%	0.09%
Automatic Data Processing, Inc.ADP	QQXT +1.54 points	1.93%	0.39%
Diamondback Energy, Inc.FANG	QQXT +1.54 points	1.66%	0.12%
Old Dominion Freight Line, Inc.ODFL	QQXT +1.52 points	1.63%	0.11%
Starbucks CorporationSBUX	QQXT +1.48 points	1.88%	0.40%
Comcast Corporation (Class A)CMCSA	QQXT +1.42 points	1.70%	0.28%
Vertex Pharmaceuticals IncorporatedVRTX	QQXT +1.38 points	1.83%	0.45%
PACCAR IncPCAR	QQXT +1.37 points	1.55%	0.18%
T-Mobile US, Inc.TMUS	QQXT +1.35 points	1.60%	0.25%
Axon Enterprise Inc.AXON	QQXT +1.32 points	1.36%	0.04%
Baker Hughes Company (Class A)BKR	QQXT +1.27 points	1.43%	0.16%
PepsiCo, Inc.PEP	QQXT +1.21 points	1.84%	0.63%
Linde PlcLIN	QQXT +1.17 points	1.95%	0.78%
Cisco Systems, Inc.CSCO	QQXT +1.08 points	1.70%	0.62%
Tesla, Inc.TSLA	QQXT +0.57 points	1.90%	1.33%
Costco Wholesale CorporationCOST	QQXT +0.51 points	2.01%	1.50%
Walmart Inc.WMT	QQXT +0.38 points	2.24%	1.86%

All 54 QQXT holdings⁠All 434 SPYV 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 SPYV Cost

Overpaying QQXT vs SPYV

$10,422

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

QQXT 0.57%
$11,271
SPYV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

QQXT 0.57%
SPYV 0.04%
Overpaying

Year by year

Year	QQXT	SPYV	Overpaying
10	$1,023	$73	$950
20	$3,921	$288	$3,633
30	$11,271	$849	$10,422

Expense ratio

0.57%QQXT
0.04%SPYV, cheaper

SPYV0.04%QQXT0.57%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

QQXT 32nd cheapest of 42 funds

QQXT vs SPYV Dividends

Last 12 months to Nov 5, 2026

Yield (12M): QQXT 1.27%; SPYV 1.67%, better
Payout (12M): QQXT $1.27; SPYV $1.06
Last payment: QQXT $0.19; SPYV $0.27
Ex-dividend: QQXT Sep 24, 2026; SPYV Sep 21, 2026
Paid on: QQXT Sep 30, 2026; SPYV Sep 23, 2026
Frequency: QQXT Quarterly; SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQXTQuarterly · 39 paymentsAll QQXT payments⁠

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

QQXT vs SPYV Risk

Fall from peak · 5 years

QQXT
SPYV

Risk facts

VolatilityStd dev, 3 years: QQXT 11.6%, betterSPYV 11.7%
Return per unit of riskSharpe ratio, 3 years: QQXT 0.52SPYV 1.17, better
Worst fallMax drawdown, 5 years: QQXT −24.3%SPYV −17.9%, better
Market sensitivityBeta, 5 years: QQXT 0.67SPYV 0.83; Market = 1

QQXT and SPYV in the news

All news⁠

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Updated Nov 3, 2026SPYV
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