ITEC.L vs. QTOP
ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - ITEC.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, ITEC.L returned 59.63% vs 43.30% for QTOP. At a 0.46 correlation, their price movements are largely independent. ITEC.L charges 0.18%/yr vs 0.20%/yr for QTOP.
Performance
ITEC.L vs. QTOP - Performance Comparison
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Different Trading Currencies
ITEC.L is traded in EUR, while QTOP is traded in USD. To make them comparable, the QTOP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITEC.L achieves a 50.84% return, which is significantly higher than QTOP's 24.18% return.
ITEC.L
- 1D
- 0.11%
- 1M
- 20.47%
- YTD
- 50.84%
- 6M
- 47.59%
- 1Y
- 59.63%
- 3Y*
- 24.64%
- 5Y*
- 15.12%
- 10Y*
- 16.38%
QTOP
- 1D
- 0.00%
- 1M
- 10.05%
- YTD
- 24.18%
- 6M
- 22.24%
- 1Y
- 43.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITEC.L vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 50.84% | 9.68% | 3.64% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 23.21% | 7.69% | 10.67% |
Correlation
The correlation between ITEC.L and QTOP is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024 | 0.46 |
The correlation between ITEC.L and QTOP has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.
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Return for Risk
ITEC.L vs. QTOP — Risk / Return Rank
ITEC.L
QTOP
ITEC.L vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Technology UCITS ETF (ITEC.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.
| ITEC.L | QTOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 3.59 | +0.95 |
| Martin ratioReturn relative to average drawdown | 12.02 | 10.86 | +1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ITEC.L | QTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.48 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.15 | -0.51 |
Drawdowns
ITEC.L vs. QTOP - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, which is greater than QTOP's maximum drawdown of -27.66%. Use the drawdown chart below to compare losses from any high point for ITEC.L and QTOP.
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Drawdown Indicators
| ITEC.L | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -27.66% | -10.83% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -12.11% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -26.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -5.64% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 4.00% | +0.95% |
Volatility
ITEC.L vs. QTOP - Volatility Comparison
SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a higher volatility of 10.27% compared to iShares Nasdaq Top 30 Stocks ETF (QTOP) at 4.43%. This indicates that ITEC.L'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
| ITEC.L | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 4.43% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 12.75% | +7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.53% | 17.58% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 24.20% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 24.20% | -0.11% |
ITEC.L vs. QTOP - Expense Ratio Comparison
ITEC.L has a 0.18% 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
ITEC.L vs. QTOP - Dividend Comparison
ITEC.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 |
|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 0.00% | 0.00% | 0.00% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.32% | 0.38% | 0.11% |
Frequently Asked Questions
ITEC.L and QTOP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITEC.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITEC.L is cheaper with a 0.18% expense ratio, compared with 0.20% for QTOP.
ITEC.L is categorized as Technology Equities, while QTOP is Nasdaq-100. ITEC.L tracks MSCI World/Information Tech NR USD, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for ITEC.L and 0.20% for QTOP.
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