BERZ vs. QTOP
BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - BERZ is a Inverse Equities fund tracking the Solactive FANG Innovation Index, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, BERZ returned -79.59% vs 30.13% for QTOP. Their -0.94 correlation means they have often moved in opposite directions in the past. BERZ charges 0.95%/yr vs 0.20%/yr for QTOP.
Performance
BERZ vs. QTOP - Performance Comparison
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Returns By Period
In the year-to-date period, BERZ achieves a -61.34% return, which is significantly lower than QTOP's 17.52% return.
BERZ
- 1D
- 4.13%
- 1M
- -7.94%
- 6M
- -66.38%
- YTD
- -61.34%
- 1Y
- -79.59%
- 3Y*
- -74.58%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -66.47%
QTOP
- 1D
- -1.00%
- 1M
- -0.82%
- 6M
- 19.91%
- YTD
- 17.52%
- 1Y
- 30.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.42M | $1.78M | $2.10M | |
| $6.62M | $5.91M | $6.98M |
BERZ vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -61.34% | -78.81% | -24.66% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 17.52% | 22.19% | 6.25% |
Correlation
The correlation between BERZ and QTOP is -0.94, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | -0.94 |
The correlation between BERZ and QTOP has been stable across timeframes, ranging from -0.94 to -0.94 - a consistent structural relationship.
BERZ vs. QTOP - Sectors Allocation Comparison
Sectors
BERZ
QTOP
Technology
Communication Services
Consumer Cyclical
Financial Services
-
Basic Materials
-
Consumer Defensive
-
Energy
-
-
Healthcare
-
Industrials
-
Real Estate
-
-
Utilities
-
-
Technology
BERZ
QTOP
Communication Services
BERZ
QTOP
Consumer Cyclical
BERZ
QTOP
Financial Services
BERZ
QTOP
-
Basic Materials
BERZ
-
QTOP
Consumer Defensive
BERZ
-
QTOP
Energy
BERZ
-
QTOP
-
Healthcare
BERZ
-
QTOP
Industrials
BERZ
-
QTOP
Real Estate
BERZ
-
QTOP
-
Utilities
BERZ
-
QTOP
-
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Return for Risk
BERZ vs. QTOP — Risk / Return Rank
BERZ
QTOP
BERZ vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and iShares Nasdaq Top 30 Stocks ETF (QTOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BERZ | QTOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.25 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.32 | -3.30 |
| Martin ratioReturn relative to average drawdown | -1.51 | 7.17 | -8.68 |
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Drawdowns
BERZ vs. QTOP - Drawdown Comparison
The maximum BERZ drawdown since its inception was -99.80%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for BERZ and QTOP.
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Drawdown Indicators
| BERZ | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -23.28% | -76.52% |
Max Drawdown (1Y)Largest decline over 1 year | -82.07% | -13.02% | -69.05% |
Max Drawdown (3Y)Largest decline over 3 years | -98.87% | — | — |
Current DrawdownCurrent decline from peak | -99.77% | -4.43% | -95.34% |
Average DrawdownAverage peak-to-trough decline | -72.48% | -3.93% | -68.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.65% | 4.21% | +49.44% |
Volatility
BERZ vs. QTOP - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 37.85% compared to iShares Nasdaq Top 30 Stocks ETF (QTOP) at 8.83%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BERZ | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.85% | 8.83% | +29.02% |
Volatility (6M)Calculated over the trailing 6-month period | 72.82% | 18.31% | +54.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.13% | 21.59% | +66.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.29% | 23.91% | +69.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.29% | 23.91% | +69.38% |
BERZ vs. QTOP - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is higher than QTOP's 0.20% expense ratio.
Dividends
BERZ vs. QTOP - Dividend Comparison
BERZ has not paid dividends to shareholders, while QTOP's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.33% | 0.38% | 0.11% |
Frequently Asked Questions
BERZ and QTOP have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (37.85%) compared to QTOP (8.83%). In terms of maximum drawdown, BERZ dropped -99.80% vs QTOP's -23.28%.
On 1-year performance, QTOP leads with 30.13% vs -79.59% for BERZ. On fees, QTOP is cheaper at 0.20% per year. On volatility, QTOP has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTOP has performed better with a 30.13% return vs -79.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTOP is cheaper with a 0.20% expense ratio, compared with 0.95% for BERZ.
QTOP has the higher dividend yield at 0.33%, compared with 0.00% for BERZ.
BERZ is categorized as Inverse Equities, while QTOP is Nasdaq-100. BERZ tracks Solactive FANG Innovation Index, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: BMO and iShares. Their fees differ too: 0.95% for BERZ and 0.20% for QTOP.
QTOP currently has the higher Sharpe Ratio (1.40 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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