Wahed FTSE USA Shariah ETF vs First Trust NASDAQ 100 Technology Index Fund — how do they compare? Wahed FTSE USA Shariah ETF trades at $71.3, while First Trust NASDAQ 100 Technology Index Fund trades at $310.02. Which is the better fit depends on your goals.
| HLAL | QTEC | |
|---|---|---|
Sector | Sector/Thematic | Broad Market / Factor |
52-Week High | $73.60 | $335.74 |
52-Week Low | $54.05 | $207.03 |
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QTEC, the First Trust NASDAQ-100-Technology Sector ETF, trades at $301.50, up 0.53% on the day. The technical outlook is bearish, with moving averages signaling a downtrend and key support at $285. Recent news highlights its role as a smart beta ETF providing broad technology sector exposure since its 2006 launch, though some reports question if recent large sales signal caution around overheated AI and chip stocks.
The ETF's outlook is clouded by bearish technicals and sector concentration risks, but its equal-weighted access to top tech firms offers targeted exposure. Key risks include market volatility and sector-specific headwinds, while the neutral oscillator readings suggest potential for stabilization near current levels.
Trailing returns across standard periods
HLAL is an ETF that invests in Shariah-compliant US companies. It follows a rigorous screening process to exclude businesses involved in non-compliant activities like interest-based finance, alcohol, and gambling.
Read more on HLAL →QTEC is an ETF that seeks to track the performance of the NASDAQ-100 Technology Sector Index. The fund provides targeted exposure to companies within the NASDAQ-100 that are classified as technology or telecommunications companies, focusing on firms involved in software, hardware, and related services. QTEC is a tool for investors seeking focused exposure to high-growth, large-cap technology companies listed on the NASDAQ exchange.
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