First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is a technology-hardware ETF. As of October 9, 2026, ETF Copilot scores QTEC 6.8 out of 10 — highest on Return (9.4), lowest on Risk (1.2). It trades at 33.0 times earnings, against its own median of 29.1. Its ten largest holdings are 25% of the fund.
What stands out in QTEC's data
Equal-weighted tech sector, balanced across hardware and software names.
Earns more on its capital than most tech peers — a sign of real profitability across the portfolio.
Return on invested capital of 29.5% sits ahead of most peers and above its own 27.8% historical median. A 33.0x trailing P/E multiple reflects the premium the market places on that earnings power.
A balanced tech allocation that spreads weight evenly across the sector's names.
Why did QTEC move this week? It fell 1.4% in the week to October 9, 2026 — Arm and Intel drove it
QTEC fell 1.4% in the week to October 9, 2026. The holdings that moved it most were Arm (−13.4%), Intel (−12.3%) and Teradyne (−10.3%); Palantir Technologies (+10.8%) pushed the other way.
How is QTEC rated? ETF Copilot scores First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) 6.8 out of 10
As of October 9, 2026, ETF Copilot scores First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) 6.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 6.8 / 10
- Growth: 9.3 / 10
- Value: 3.8 / 10
- Risk: 1.2 / 10
- Quality: 8.1 / 10
- Return: 9.4 / 10
Is QTEC expensive right now? It trades at 33.0 times earnings, against its own median of 29.1
As of October 9, 2026, QTEC is more expensive than 66% of its own 115 monthly readings since 2017 — 76 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside QTEC? 87% Tech
What's inside QTEC: Size (Large 100%, Mid 0%, Small 0%); Geography (International 17%, US 83%); Tech 87.4%; Magnificent 7 11.3%; AI 32.7%; Semiconductors 43.7%; Memory 30.5%.
What are QTEC's top holdings? The ten largest are 25% of the fund
Advanced Micro Devices, Marvell Technology, Facebook, Intel, Astera Labs, Datadog, Teradyne, MicroStrategy, CrowdStrike and Arm are QTEC's largest holdings, in that order.
Less concentrated than 70% of Tech Hardware ETFs.
Half of QTEC's weight sits in its 22 largest positions, and once those weights are taken into account it behaves like 46 equally weighted holdings.
What is QTEC's expense ratio? 0.55% a year
As of October 9, 2026, QTEC charges 0.55% a year and holds $4.0B in assets across 47 positions.
| Measure | QTEC |
|---|---|
| Expense ratio | 0.55% |
| Assets under management | $4.0B |
| Holdings | 47 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/qtec
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