Additionally, QQXT features a 20.7% weight to the health care sector and on the Nasdaq, that means ample exposure to the biotechnology subsector, another of the this year’s start performers.

As is the case with the traditional NASDAQ-100 Index, QQXT does not include financial services, but the First Trust offering does hold staples, materials and telecom issues in addition to health care and consumer services.

As for not holding standard tech names, QQXT does not need them. Year-to-date, the ETF has easily outpaced Apple and Intel (NasdaqGM: INTC) while nudging past Microsoft.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Tom Lydon’s clients own shares of Apple, Amazon, Intel and Microsoft.

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