MTRL.L vs. QTOP
Compare and contrast key facts about SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) and iShares Nasdaq Top 30 Stocks ETF (QTOP).
MTRL.L and QTOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTRL.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Materials NR USD. It was launched on Dec 5, 2014. QTOP is a passively managed fund by iShares that tracks the performance of the Nasdaq-100 Top 30 Index. It was launched on Oct 23, 2024. Both MTRL.L and QTOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MTRL.L vs. QTOP - Performance Comparison
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MTRL.L vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MTRL.L SPDR® MSCI Europe Materials UCITS ETF | 8.31% | 12.76% | -7.55% |
QTOP iShares Nasdaq Top 30 Stocks ETF | -3.45% | 7.69% | 10.67% |
Different Trading Currencies
MTRL.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, MTRL.L achieves a 8.31% return, which is significantly higher than QTOP's -3.45% return.
MTRL.L
- 1D
- 1.89%
- 1M
- -2.19%
- YTD
- 8.31%
- 6M
- 15.38%
- 1Y
- 19.02%
- 3Y*
- 10.02%
- 5Y*
- 6.32%
- 10Y*
- —
QTOP
- 1D
- 1.30%
- 1M
- -2.14%
- YTD
- -3.45%
- 6M
- -1.15%
- 1Y
- 18.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MTRL.L vs. QTOP - Expense Ratio Comparison
MTRL.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%.
Return for Risk
MTRL.L vs. QTOP — Risk / Return Rank
MTRL.L
QTOP
MTRL.L vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Materials UCITS ETF (MTRL.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.
| MTRL.L | QTOP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.74 | +0.31 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.18 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.37 | +0.18 |
Martin ratioReturn relative to average drawdown | 5.51 | 4.32 | +1.19 |
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
| MTRL.L | QTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 0.74 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.42 | +0.36 |
Correlation
The correlation between MTRL.L and QTOP is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MTRL.L vs. QTOP - Dividend Comparison
MTRL.L has not paid dividends to shareholders, while QTOP's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2025 | 2024 | |
|---|---|---|---|
MTRL.L SPDR® MSCI Europe Materials UCITS ETF | 0.00% | 0.00% | 0.00% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.41% | 0.38% | 0.11% |
Drawdowns
MTRL.L vs. QTOP - Drawdown Comparison
The maximum MTRL.L drawdown since its inception was -32.80%, which is greater than QTOP's maximum drawdown of -27.66%. Use the drawdown chart below to compare losses from any high point for MTRL.L and QTOP.
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Drawdown Indicators
| MTRL.L | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.80% | -23.28% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -12.88% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | — | — |
Current DrawdownCurrent decline from peak | -5.18% | -8.35% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -4.12% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 3.78% | -0.11% |
Volatility
MTRL.L vs. QTOP - Volatility Comparison
SPDR® MSCI Europe Materials UCITS ETF (MTRL.L) has a higher volatility of 7.57% compared to iShares Nasdaq Top 30 Stocks ETF (QTOP) at 6.33%. This indicates that MTRL.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
| MTRL.L | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 6.33% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 14.09% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.17% | 25.63% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.69% | 24.95% | -3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.56% | 24.95% | +4.61% |