IBGS.L vs. QTOP

Last updated Jun 4, 2026

IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - IBGS.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, IBGS.L returned 3.54% vs 47.01% for QTOP. At a correlation of -0.07, they often move in opposite directions. IBGS.L charges 0.15%/yr vs 0.20%/yr for QTOP.

Performance

IBGS.L vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IBGS.L is traded in GBP, while QTOP is traded in USD. To make them comparable, the QTOP values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBGS.L achieves a -1.02% return, which is significantly lower than QTOP's 23.16% return.

IBGS.L

• 1D: -0.07%
• 1M: 0.24%
• YTD: -1.02%
• 6M: -0.96%
• 1Y: 3.54%
• 3Y*: 2.79%
• 5Y*: 0.92%
• 10Y*: 1.38%

QTOP

• 1D: 0.05%
• 1M: 11.64%
• YTD: 23.16%
• 6M: 21.31%
• 1Y: 47.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBGS.L vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	-1.02%	7.76%	0.03%
QTOP iShares Nasdaq Top 30 Stocks ETF	23.16%	13.49%	9.69%

Correlation

The correlation between IBGS.L and QTOP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	-0.07

Return for Risk

IBGS.L vs. QTOP — Risk / Return Rank

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

IBGS.L

IBGS.L Risk / Return Rank: 24
IBGS.L Sharpe Ratio Rank: 24
IBGS.L Sortino Ratio Rank: 24
IBGS.L Omega Ratio Rank: 22
IBGS.L Calmar Ratio Rank: 28
IBGS.L Martin Ratio Rank: 24

QTOP

QTOP Risk / Return Rank: 74
QTOP Sharpe Ratio Rank: 80
QTOP Sortino Ratio Rank: 74
QTOP Omega Ratio Rank: 74
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.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.

	IBGS.L	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	0.85	2.82	-1.97
Sortino ratio: Return per unit of downside risk	1.33	3.56	-2.23
Omega ratio: Gain probability vs. loss probability	1.15	1.49	-0.34
Calmar ratio: Return relative to maximum drawdown	1.36	3.68	-2.32
Martin ratio: Return relative to average drawdown	3.05	10.88	-7.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBGS.L vs. QTOP - Sharpe Ratio Comparison

The current IBGS.L Sharpe Ratio is 0.85, which is lower than the QTOP Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of IBGS.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

	IBGS.L	QTOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	2.82	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	1.36	-1.11

Drawdowns

IBGS.L vs. QTOP - Drawdown Comparison

The maximum IBGS.L drawdown since its inception was -16.59%, smaller than the maximum QTOP drawdown of -25.56%. Use the drawdown chart below to compare losses from any high point for IBGS.L and QTOP.

Drawdown Indicators

	IBGS.L	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-16.59%	-25.56%	+8.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-12.83%	+10.23%
Max Drawdown (3Y) Largest decline over 3 years	-3.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-13.11%	—	—
Current Drawdown Current decline from peak	-3.95%	0.00%	-3.95%
Average Drawdown Average peak-to-trough decline	-5.92%	-5.27%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	4.33%	-3.17%

Volatility

IBGS.L vs. QTOP - Volatility Comparison

The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) is 1.20%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 4.70%. This indicates that IBGS.L experiences smaller price fluctuations and is considered to be less risky than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGS.L	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	4.70%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	12.26%	-9.45%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	16.77%	-12.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.34%	22.67%	-17.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.09%	22.67%	-15.58%

IBGS.L vs. QTOP - Expense Ratio Comparison

IBGS.L has a 0.15% expense ratio, which is lower than QTOP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBGS.L vs. QTOP - Dividend Comparison

IBGS.L's dividend yield for the trailing twelve months is around 2.18%, more than QTOP's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	2.18%	2.39%	2.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.28%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.32%	0.38%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

IBGS.L and QTOP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBGS.L or QTOP?

On fees, IBGS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBGS.L or QTOP?

IBGS.L is cheaper with a 0.15% expense ratio, compared with 0.20% for QTOP.

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

IBGS.L is categorized as European Government Bonds, while QTOP is Nasdaq-100. IBGS.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while QTOP tracks Nasdaq-100 Top 30 Index. Their fees differ too: 0.15% for IBGS.L and 0.20% for QTOP.