- ISIN
- US46438G5541
- CUSIP
- 46438G554
- Issuer
- iShares
- Inception Date
- Oct 23, 2024
- Category
- Nasdaq-100
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq-100 ex Top 30 UCITS Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $18M
Share Price Chart
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Performance
QNXT Performance Chart
iShares Nasdaq-100 ex Top 30 ETF (QNXT) is up 13.3% since the beginning of the year. QNXT is currently trading at $31 per share.
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Returns By Period
iShares Nasdaq-100 ex Top 30 ETF (QNXT) has returned 13.28% so far this year and 20.73% over the past 12 months.
iShares Nasdaq-100 ex Top 30 ETF
- 1D
- 0.76%
- 1M
- 6.27%
- YTD
- 13.28%
- 6M
- 12.35%
- 1Y
- 20.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
QNXT Monthly Returns History
Based on dividend-adjusted daily data since Oct 24, 2024, QNXT's average daily return is +0.07%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +9.7%, while the worst month was Dec 2024 at -6.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, QNXT closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +10.3%, while the worst single day was Apr 4, 2025 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.03% | 0.34% | -5.95% | 9.72% | 7.98% | 0.28% | 13.28% | ||||||
| 2025 | 5.70% | -1.63% | -6.34% | 1.53% | 5.45% | 5.31% | -0.42% | -0.83% | 6.96% | 0.93% | -1.88% | 0.09% | 14.97% |
| 2024 | -1.41% | 5.80% | -6.60% | -2.58% |
Benchmark Metrics
iShares Nasdaq-100 ex Top 30 ETF has an annualized alpha of -1.28%, beta of 1.07, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since October 24, 2024.
- With beta of 1.07 and R2 of 0.84, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.28%
- Beta
- 1.07
- R²
- 0.84
- Upside Capture
- 97.08%
- Downside Capture
- 99.82%
Expense Ratio
QNXT has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
QNXT ranks 42 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QNXT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 2.53 | -0.48 |
| Martin ratioReturn relative to average drawdown | 6.57 | 11.37 | -4.80 |
Dividends
Dividend History
iShares Nasdaq-100 ex Top 30 ETF provided a 0.61% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.19 | $0.18 | $0.05 |
Dividend yield | 0.61% | 0.64% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Nasdaq-100 ex Top 30 ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.18 |
| 2024 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Nasdaq-100 ex Top 30 ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Nasdaq-100 ex Top 30 ETF was 22.25%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
The current iShares Nasdaq-100 ex Top 30 ETF drawdown is 2.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -22.25%Apr 2025 | 1mo 18d | 2mo 26d | 4mo 14dFeb 2025 - Jul 2025 |
2026 correction2026 | -10.16%Mar 2026 | 5mo | 26d | 5mo 26dOct 2025 - Apr 2026 |
2024 pullback2024 | -7.87%Dec 2024 | 26d | 1mo 14d | 2mo 10dDec 2024 - Feb 2025 |
2026 pullback2026 | -5.68%Jun 2026 | 7d | — | 10d 19hJun 2026 - now |
2025 pullback2025 | -4.17%Oct 2025 | 3d | 17d | 20dOct 2025 - Oct 2025 |
Drawdown Indicators
| QNXT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -56.78% | +34.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -9.10% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.67% | -2.34% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -10.72% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.02% | +1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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