QQXT

$93.84 -0.13% $-0.12
Dec 20, 2024 20:00 PM

QQXT is an exchange-traded fund (ETF) that seeks to track the performance of the NASDAQ-100 Ex-Tech Sector Index. This index includes the NASDAQ-100 Index's companies excluding those in the technology sector, providing investors exposure to a diversified range of sectors except for technology.

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Asset Summary

Weekly Performance Report for QQXT ETF: Week 51, 2024

Summary: The Weekly started with QQXT ETF opening at $97.24 and closing at $93.66. The ETF showed weakness throughout the Weekly, with the highest price observed at $97.64 and the lowest at $92.79. The underlying asset had a trading range of $4.85 Overall, it was a negative trading Weekly for QQXT ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-3.58 or -3.68% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for QQXT ETF was 17,556 units during Week 51, indicating active market participation and investor interest.

Opening Price: The Weekly started at $97.24.

Highest Price: The highest price observed during the Weekly was $97.64.

Lowest Price: The lowest price observed during the Weekly was $92.79.

Closing Price: The Weekly ended at $93.66.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

1 Month Trailing Return

-3.14%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

0.74%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

6.15%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

11.15%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

0.60

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

1.09

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

QQXT differs from other NASDAQ-100 ETFs like Invesco QQQ Trust (QQQ) in that it excludes technology sector companies. While QQQ includes all companies in the NASDAQ-100 Index, QQXT provides exposure to the index’s remaining sectors, excluding technology.

QQXT distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities in the ETF’s portfolio.

QQXT is managed by Invesco. The fund aims to replicate the performance of the NASDAQ-100 Ex-Tech Sector Index by holding a portfolio of the index’s constituent stocks, which excludes technology sector companies. Management involves periodic rebalancing to ensure alignment with the index.

Factors affecting QQXT’s performance include the performance of the non-technology sectors within the NASDAQ-100 Ex-Tech Sector Index, overall market conditions, and economic factors impacting the underlying stocks in the ETF.

Risks associated with QQXT include sector risk and market risk. Since QQXT excludes technology companies, it may be less responsive to technological advancements and market trends in that sector. Investors also face general market risks that can impact the performance of the fund.

As of the latest update, QQXT has an expense ratio of approximately 0.32%. This fee is deducted from the fund’s assets and covers the expenses related to managing the ETF.

The historical performance of QQXT reflects its objective to track the NASDAQ-100 Ex-Tech Sector Index. The ETF’s performance will vary based on the performance of the non-technology sectors included in the index.

QQXT rebalances its portfolio quarterly to ensure alignment with the NASDAQ-100 Ex-Tech Sector Index. This involves adjusting the weights of the underlying stocks to match the index’s composition.

QQXT is designed to track the NASDAQ-100 Ex-Tech Sector Index, which excludes technology sector companies from the NASDAQ-100 Index. Therefore, its performance will differ from the NASDAQ-100 Index, particularly because it lacks exposure to technology stocks which are a significant portion of the NASDAQ-100 Index.

Key performance metrics for QQXT include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio covers the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely QQXT follows the NASDAQ-100 Ex-Tech Sector Index.

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