IQQ vs. QNXT

Last updated Jul 22, 2026

IQQ (iShares Nasdaq 100 ETF) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds from iShares - IQQ tracks the NASDAQ-100 Index while QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. IQQ charges 0.10%/yr vs 0.20%/yr for QNXT.

Performance

IQQ vs. QNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq 100 ETF (IQQ) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQQ

• 1D: 1.87%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QNXT

• 1D: 1.24%
• 1M: -3.54%
• 6M: 10.93%
• YTD: 11.13%
• 1Y: 15.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$42.46M	$42.46M	$42.46M

IQQ vs. QNXT - Yearly Performance Comparison

	2026 (YTD)
IQQ iShares Nasdaq 100 ETF	-1.68%
QNXT iShares Nasdaq-100 ex Top 30 ETF	-0.90%

Correlation

The correlation between IQQ and QNXT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.48

Return for Risk

IQQ vs. QNXT — Risk / Return Rank

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

IQQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QNXT

QNXT Risk / Return Rank: 36
QNXT Sharpe Ratio Rank: 35
QNXT Sortino Ratio Rank: 34
QNXT Omega Ratio Rank: 32
QNXT Calmar Ratio Rank: 39
QNXT Martin Ratio Rank: 39

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.

IQQ vs. QNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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.

	IQQ	QNXT	Difference
Sharpe ratio: Return per unit of total volatility	—	0.96	—
Sortino ratio: Return per unit of downside risk	—	1.41	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.50	—
Martin ratio: Return relative to average drawdown	—	4.62	—

Drawdowns

IQQ vs. QNXT - Drawdown Comparison

The maximum IQQ drawdown since its inception was -4.15%, smaller than the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for IQQ and QNXT.

Drawdown Indicators

	IQQ	QNXT	Difference
Max Drawdown Largest peak-to-trough decline	-4.15%	-22.25%	+18.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.16%	—
Current Drawdown Current decline from peak	-2.28%	-4.51%	+2.23%
Average Drawdown Average peak-to-trough decline	-1.89%	-3.73%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.30%	—

Volatility

Volatility by Period

	IQQ	QNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.24%	15.99%	+4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	19.67%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	19.67%	+0.57%

IQQ vs. QNXT - Expense Ratio Comparison

IQQ has a 0.10% expense ratio, which is lower than QNXT'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

IQQ vs. QNXT - Dividend Comparison

IQQ has not paid dividends to shareholders, while QNXT's dividend yield for the trailing twelve months is around 0.68%.

Position	TTM	2025	2024
IQQ iShares Nasdaq 100 ETF	0.00%	0.00%	0.00%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.68%	0.64%	0.22%

Frequently Asked Questions

Can I hold both IQQ and QNXT in my portfolio?

IQQ and QNXT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQQ or QNXT?

On fees, IQQ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQQ or QNXT?

IQQ is cheaper with a 0.10% expense ratio, compared with 0.20% for QNXT.

Which ETF pays a higher dividend yield, IQQ or QNXT?

QNXT has the higher dividend yield at 0.68%, compared with 0.00% for IQQ.

What is the main difference between IQQ and QNXT?

IQQ tracks NASDAQ-100 Index, while QNXT tracks Nasdaq-100 ex Top 30 UCITS Index. Their fees differ too: 0.10% for IQQ and 0.20% for QNXT.