HEAL.L vs. QTOP

Last updated Jun 5, 2026

HEAL.L (iShares Healthcare Innovation UCITS ETF USD (Acc)) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - HEAL.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, HEAL.L returned 20.32% vs 44.62% for QTOP. At a 0.26 correlation, their price movements are largely independent. HEAL.L charges 0.40%/yr vs 0.20%/yr for QTOP.

Performance

HEAL.L vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEAL.L achieves a 0.64% return, which is significantly lower than QTOP's 21.83% return.

HEAL.L

• 1D: 3.48%
• 1M: 4.82%
• YTD: 0.64%
• 6M: -0.41%
• 1Y: 20.32%
• 3Y*: 6.08%
• 5Y*: -1.96%
• 10Y*: —

QTOP

• 1D: -0.72%
• 1M: 8.47%
• YTD: 21.83%
• 6M: 20.96%
• 1Y: 44.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEAL.L vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HEAL.L iShares Healthcare Innovation UCITS ETF USD (Acc)	0.64%	18.42%	-2.72%
QTOP iShares Nasdaq Top 30 Stocks ETF	21.83%	22.19%	5.80%

Correlation

The correlation between HEAL.L and QTOP is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.26

HEAL.L vs. QTOP - Sectors Allocation Comparison

Sectors	HEAL.L	QTOP
Healthcare	98.0%	3.3%
Technology	1.2%	57.7%
Industrials	0.5%	0.9%
Basic Materials	0.4%	1.5%
Financial Services	0.2%	-
Consumer Defensive	0.1%	8.5%
Communication Services	-	17.7%
Consumer Cyclical	-	10.4%
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

HEAL.L vs. QTOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HEAL.L

HEAL.L Risk / Return Rank: 32
HEAL.L Sharpe Ratio Rank: 33
HEAL.L Sortino Ratio Rank: 34
HEAL.L Omega Ratio Rank: 31
HEAL.L Calmar Ratio Rank: 33
HEAL.L Martin Ratio Rank: 28

QTOP

QTOP Risk / Return Rank: 74
QTOP Sharpe Ratio Rank: 81
QTOP Sortino Ratio Rank: 76
QTOP Omega Ratio Rank: 75
QTOP Calmar Ratio Rank: 71
QTOP Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEAL.L vs. QTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) 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.

	HEAL.L	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.57	-1.42
Sortino ratio: Return per unit of downside risk	1.80	3.35	-1.55
Omega ratio: Gain probability vs. loss probability	1.20	1.44	-0.23
Calmar ratio: Return relative to maximum drawdown	1.61	3.48	-1.87
Martin ratio: Return relative to average drawdown	3.96	12.81	-8.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HEAL.L vs. QTOP - Sharpe Ratio Comparison

The current HEAL.L Sharpe Ratio is 1.16, which is lower than the QTOP Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of HEAL.L and QTOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HEAL.L	QTOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	2.57	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.45	-1.13

Drawdowns

HEAL.L vs. QTOP - Drawdown Comparison

The maximum HEAL.L drawdown since its inception was -46.43%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for HEAL.L and QTOP.

Drawdown Indicators

	HEAL.L	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-46.43%	-23.28%	-23.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-12.88%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.70%	—	—
Current Drawdown Current decline from peak	-20.00%	-0.93%	-19.07%
Average Drawdown Average peak-to-trough decline	-18.60%	-3.81%	-14.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	3.49%	+1.63%

Volatility

HEAL.L vs. QTOP - Volatility Comparison

iShares Healthcare Innovation UCITS ETF USD (Acc) (HEAL.L) and iShares Nasdaq Top 30 Stocks ETF (QTOP) have volatilities of 5.13% and 5.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEAL.L	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	5.28%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	13.28%	13.45%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.48%	17.41%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.87%	22.68%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	22.68%	-2.77%

HEAL.L vs. QTOP - Expense Ratio Comparison

HEAL.L has a 0.40% expense ratio, which is higher than QTOP's 0.20% expense ratio.

Dividends

HEAL.L vs. QTOP - Dividend Comparison

HEAL.L has not paid dividends to shareholders, while QTOP's dividend yield for the trailing twelve months is around 0.32%.

Position	TTM	2025	2024
HEAL.L iShares Healthcare Innovation UCITS ETF USD (Acc)	0.00%	0.00%	0.00%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.32%	0.38%	0.11%

Frequently Asked Questions

Can I hold both HEAL.L and QTOP in my portfolio?

HEAL.L and QTOP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEAL.L or QTOP?

On fees, QTOP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEAL.L or QTOP?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.40% for HEAL.L.

What is the main difference between HEAL.L and QTOP?

HEAL.L is categorized as Health & Biotech Equities, while QTOP is Nasdaq-100. HEAL.L tracks MSCI World/Health Care NR USD, while QTOP tracks Nasdaq-100 Top 30 Index. Their fees differ too: 0.40% for HEAL.L and 0.20% for QTOP.