First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) trades at $103.68. The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that aims to mirror the performance of the Nasdaq-100 Ex-Tech… Market cap: $1.15B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for QQXT: QQXT does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates QQXT against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on QQXT.
How is this calculated? →First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) Financial Services Profile
First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) offers investors targeted exposure to the Nasdaq-100 index, excluding technology stocks, providing diversification within the financial services sector. With a market cap of $1.15B, QQXT presents a focused investment vehicle for those seeking non-tech exposure within the broader Nasdaq market.
What Is the Investment Thesis for QQXT?
QQXT presents an investment opportunity for investors seeking exposure to the Nasdaq-100 index while mitigating the concentration risk associated with technology stocks. With a market capitalization of $1.15B, QQXT offers a focused approach to investing in non-tech sectors within the Nasdaq. The fund's growth is tied to the performance of the non-technology components of the Nasdaq-100, offering diversification benefits. A key value driver is the potential for sectors like consumer discretionary and healthcare to outperform technology in certain economic cycles. However, the absence of dividend yield may deter some income-focused investors. The fund's beta of 0.83 suggests lower volatility compared to the overall market, potentially making it a noteworthy option for risk-averse investors.
Based on FMP financials and quantitative analysis
QQXT Key Highlights
Market Cap of $1.15B indicates substantial size and liquidity.
- Beta of 0.83 suggests lower volatility compared to the broader market.
- The fund provides targeted exposure to the Nasdaq-100 index, excluding technology stocks.
- No dividend yield may deter income-focused investors.
- The fund's performance is directly linked to the non-technology sectors within the Nasdaq-100.
Who Are QQXT's Competitors?
QQXT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CGGE Capital Group Global Equity ETF | $35.30 | -0.42% | $3.08B | 47 |
| CGIE Capital Group International Equity ETF | $37.77 | -0.17% | $2.36B | 47 |
| FBT First Trust NYSE Arca Biotechnology Index Fund | $267.87 | -1.47% | $1.67B | 47 |
| FVAL FIDELITY VALUE FACTOR ETF | $82.26 | -0.78% | $1.28B | 46 |
| GPIX Goldman Sachs S&P 500 Premium Income ETF | $55.84 | -0.69% | $1.17B | 44 |
| ASA ASA Gold and Precious Metals Limited | $62.31 | +0.10% | $1.17B | 70 |
| AOD Abrdn Total Dynamic Dividend Fund | $10.68 | +0.56% | $1.13B | 68 |
| GSBD Goldman Sachs BDC, Inc. | $9.92 | +0.40% | $1.12B | 91 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are QQXT's Key Strengths?
Targeted exposure to non-technology sectors within the NASDAQ-100.
- Diversification benefits for investors seeking to reduce technology concentration.
- Liquidity and transparency of an exchange-traded fund.
- Established track record of tracking the underlying index.
What Are QQXT's Weaknesses?
Lack of dividend yield may deter income-focused investors.
- Performance is dependent on the non-technology sectors of the NASDAQ-100.
- May underperform during periods of strong technology sector growth.
- Management fees can impact overall returns.
What Could Drive QQXT Stock Higher?
Increased investor demand for diversification away from technology stocks.
- Growing awareness of QQXT as a targeted investment solution.
- Potential outperformance of non-technology sectors in specific economic cycles.
What Are the Key Risks for QQXT?
Underperformance during periods of strong technology sector growth.
- Economic downturns that negatively impact the NASDAQ-100.
- Competition from other ETFs and investment vehicles.
- Changes in investor sentiment towards non-technology sectors.
What Are the Growth Opportunities for QQXT?
- Increased investor demand for sector diversification: As investors seek to diversify their portfolios beyond technology stocks, QQXT offers a targeted solution. The market for sector-specific ETFs is growing, driven by investors looking to express specific views on different parts of the economy. This trend is expected to continue over the next 3-5 years, with potential for QQXT to attract more assets as investors become more aware of its unique offering. The size of the sector-specific ETF market is estimated to reach $1 trillion by 2030.
- Rising interest in non-tech Nasdaq-100 exposure: Investors who are bullish on the Nasdaq-100 but concerned about the concentration of technology stocks may find QQXT appealing. This targeted exposure allows them to participate in the growth of the Nasdaq-100 while mitigating the risks associated with the technology sector. The timeline for this growth opportunity is immediate, as investors are constantly re-evaluating their portfolio allocations. The potential market size is significant, given the large amount of capital invested in Nasdaq-100 tracking funds.
- Strategic partnerships with financial advisors: Collaborating with financial advisors to promote QQXT as a diversification tool can drive asset growth. Financial advisors play a crucial role in guiding investors' asset allocation decisions. By educating advisors about the benefits of QQXT, First Trust can increase its visibility and attract new investors. This strategy can be implemented over the next 1-2 years, with ongoing efforts to maintain relationships with advisors. The market size is substantial, as financial advisors manage trillions of dollars in assets.
- Expansion into international markets: While QQXT primarily focuses on the U.S. market, there is potential to expand its reach to international investors. As global investors seek exposure to the U.S. equity market, QQXT can be positioned as a unique investment option. This expansion can be pursued over the next 3-5 years, with careful consideration of regulatory requirements and market conditions. The potential market size is significant, given the growing interest in U.S. equities from international investors.
- Development of related investment products: First Trust can leverage the QQXT brand to develop other investment products that cater to specific investor needs. This could include ETFs that focus on specific sectors within the Nasdaq-100, excluding technology, or actively managed funds that employ a similar investment strategy. The timeline for this growth opportunity is ongoing, as First Trust continuously evaluates market demand and investor preferences. The potential market size is substantial, as investors are always seeking new and innovative investment solutions.
What Are QQXT's Competitive Advantages?
- Brand recognition of First Trust as an ETF provider.
- Established track record of tracking the NASDAQ-100 Ex-Tech Sector Index.
- Unique focus on non-technology sectors within the NASDAQ-100.
What Does QQXT Do?
The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund (ETF) designed to track the performance of the NASDAQ-100 Ex-Tech Sector Index. Launched with the aim of providing investors a way to participate in the growth of the NASDAQ-100 without the heavy weighting of technology stocks, QQXT offers a unique investment proposition. The fund allows investors to diversify their portfolios by focusing on sectors outside of technology within the NASDAQ-100. The fund's investment strategy involves holding stocks that constitute the NASDAQ-100 Ex-Tech Sector Index, seeking to replicate its price and yield performance before fees and expenses. By excluding technology companies, QQXT provides exposure to sectors such as consumer discretionary, healthcare, and financials, among others. This targeted approach can be attractive to investors who have specific sector preferences or want to manage their technology exposure separately. QQXT's market position is defined by its focus on providing a non-technology-centric investment option within the NASDAQ-100 universe. The fund's geographic reach is primarily focused on the U.S. equity market, reflecting the composition of the NASDAQ-100 index. As an ETF, QQXT offers liquidity and transparency, allowing investors to easily buy and sell shares on the open market. The fund competes with other ETFs that track the NASDAQ-100 or offer sector-specific exposure, but its unique ex-technology focus differentiates it from broader market ETFs.
What Products and Services Does QQXT Offer?
- Tracks the performance of the NASDAQ-100 Ex-Tech Sector Index.
- Provides investors with exposure to non-technology companies within the NASDAQ-100.
- Offers a way to diversify portfolios by excluding technology stocks.
- Replicates the price and yield performance of the underlying index.
- Allows investors to participate in the growth of the NASDAQ-100 without heavy technology weighting.
- Provides liquidity and transparency through exchange-traded shares.
How Does QQXT Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Aims to replicate the performance of the NASDAQ-100 Ex-Tech Sector Index.
- Offers a targeted investment strategy focused on non-technology sectors.
What Industry Does QQXT Operate In?
The asset management industry is characterized by a wide range of investment vehicles, including ETFs, mutual funds, and hedge funds. ETFs like QQXT have gained popularity due to their liquidity, transparency, and low cost. The competitive landscape includes both broad market ETFs and sector-specific funds. QQXT differentiates itself by offering a unique focus on the Nasdaq-100 index, excluding technology stocks. The growth of the ETF market is driven by increasing investor demand for passive investment strategies and diversification options. The industry is also influenced by regulatory changes, technological advancements, and evolving investor preferences.
Who Are QQXT's Key Customers?
- Retail investors seeking diversification.
- Institutional investors looking for targeted exposure.
- Financial advisors seeking investment solutions for clients.
QQXT Financials
Bull Case vs Bear Case
Bull Case
- Targeted exposure to non-technology sectors within the NASDAQ-100.
- Diversification benefits for investors seeking to reduce technology concentration.
- Liquidity and transparency of an exchange-traded fund.
- Established track record of tracking the underlying index.
Bear Case
- Lack of dividend yield may deter income-focused investors.
- Performance is dependent on the non-technology sectors of the NASDAQ-100.
- May underperform during periods of strong technology sector growth.
- Management fees can impact overall returns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
QQXT Latest News
No recent news available for QQXT.
QQXT Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for QQXT.
Price Targets
Wall Street price target analysis for QQXT.
QQXT MoonshotScore
What does this score mean?
The MoonshotScore rates QQXT 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
QQXT Financial Services Stock FAQ
What does First Trust NASDAQ-100 Ex-Technology Sector Index Fund do?
The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund designed to track the performance of the NASDAQ-100 Ex-Tech Sector Index. This index comprises all the companies within the NASDAQ-100, excluding those classified as technology companies.
What are the main risks for QQXT?
The main risks for QQXT include the potential for underperformance during periods of strong technology sector growth, as the fund excludes technology companies. Economic downturns that negatively impact the NASDAQ-100 can also affect the fund's performance. Competition from other ETFs and investment vehicles is an ongoing risk, as investors have a wide range of choices.
How does QQXT provide diversification benefits?
QQXT offers diversification benefits by providing exposure to a range of non-technology sectors within the NASDAQ-100, such as consumer discretionary, healthcare, and financials. By excluding technology stocks, the fund reduces concentration risk and allows investors to manage their technology exposure separately.
How is First Trust NASDAQ-100 Ex-Technology Sector Index Fund adapting to fintech disruption?
As an index fund, QQXT doesn't directly adapt to fintech disruption. However, the companies within the fund's portfolio, which operate in sectors like financials and consumer discretionary, are actively responding to fintech advancements. These companies are investing in digital transformation initiatives, partnering with fintech firms, and developing innovative solutions to remain competitive.
What are the key factors to evaluate for QQXT?
Evaluate QQXT on fundamentals, analyst consensus, and risk factors. QQXT presents an investment opportunity for investors seeking exposure to the Nasdaq-100 index while mitigating the concentration risk associated with technology stocks. Not financial advice.
How frequently does QQXT data refresh on this page?
QQXT's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven QQXT's recent stock price performance?
First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Targeted exposure to non-technology sectors within the NASDAQ-100. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider QQXT overvalued or undervalued right now?
First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for QQXT, therefore some data points may be limited.
- Financial data is based on available information and may be subject to change.