NAPR vs. QNXT
NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds - NAPR tracks the NASDAQ-100 Index while QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index. Both are passively managed. Over the past year, NAPR returned 15.77% vs 22.51% for QNXT. Their 0.79 correlation means they have sometimes moved together and sometimes differently. NAPR charges 0.79%/yr vs 0.20%/yr for QNXT.
Performance
NAPR vs. QNXT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NAPR achieves a 11.17% return, which is significantly lower than QNXT's 15.35% return.
NAPR
- 1D
- 0.05%
- 1M
- 0.89%
- 6M
- 10.82%
- YTD
- 11.17%
- 1Y
- 15.77%
- 3Y*
- 12.51%
- 5Y*
- 9.58%
- 10Y*
- —
- ALL TIME*
- 10.89%
QNXT
- 1D
- 0.06%
- 1M
- 1.29%
- 6M
- 15.94%
- YTD
- 15.35%
- 1Y
- 22.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $258.66K | $282.84K | $575.16K | |
| $142.45K | $108.80K | $236.25K |
NAPR vs. QNXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 11.17% | 6.56% | 3.10% |
QNXT iShares Nasdaq-100 ex Top 30 ETF | 15.35% | 14.97% | -2.58% |
Correlation
The correlation between NAPR and QNXT is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | 0.79 |
The correlation between NAPR and QNXT has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NAPR vs. QNXT — Risk / Return Rank
NAPR
QNXT
NAPR vs. QNXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) 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.
| NAPR | QNXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.24 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 7.68 | 2.23 | +5.46 |
| Martin ratioReturn relative to average drawdown | 37.23 | 6.74 | +30.49 |
Loading charts...
Drawdowns
NAPR vs. QNXT - Drawdown Comparison
The maximum NAPR drawdown since its inception was -16.53%, smaller than the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for NAPR and QNXT.
Loading charts...
Drawdown Indicators
| NAPR | QNXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.53% | -22.25% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -10.16% | +8.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.88% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -3.73% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 3.35% | -2.93% |
Volatility
NAPR vs. QNXT - Volatility Comparison
The current volatility for Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) is 2.00%, while iShares Nasdaq-100 ex Top 30 ETF (QNXT) has a volatility of 4.35%. This indicates that NAPR experiences smaller price fluctuations and is considered to be less risky than QNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NAPR | QNXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 4.35% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 12.05% | -7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 16.04% | -11.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.34% | 19.59% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 19.59% | -9.05% |
NAPR vs. QNXT - Expense Ratio Comparison
NAPR has a 0.79% expense ratio, which is higher than QNXT's 0.20% expense ratio.
Dividends
NAPR vs. QNXT - Dividend Comparison
NAPR has not paid dividends to shareholders, while QNXT's dividend yield for the trailing twelve months is around 0.66%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NAPR Innovator Nasdaq-100 Power Buffer ETF - April | 0.00% | 0.00% | 0.00% |
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.66% | 0.64% | 0.22% |
Frequently Asked Questions
NAPR and QNXT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QNXT has higher volatility (4.35%) compared to NAPR (2.00%). In terms of maximum drawdown, NAPR dropped -16.53% vs QNXT's -22.25%.
On 1-year performance, QNXT leads with 22.51% vs 15.77% for NAPR. On fees, QNXT is cheaper at 0.20% per year. On volatility, NAPR has been the lower-risk option at 2.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QNXT has performed better with a 22.51% return vs 15.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QNXT is cheaper with a 0.20% expense ratio, compared with 0.79% for NAPR.
QNXT has the higher dividend yield at 0.66%, compared with 0.00% for NAPR.
NAPR tracks NASDAQ-100 Index, while QNXT tracks Nasdaq-100 ex Top 30 UCITS Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for NAPR and 0.20% for QNXT.
NAPR currently has the higher Sharpe Ratio (3.35 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for NAPR and QNXT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer