QDTY vs. QTOP

Last updated Aug 1, 2026

QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both Nasdaq-100 funds. QDTY is actively managed, while QTOP is passively managed. Over the past year, QDTY returned 22.67% vs 26.03% for QTOP. Their correlation of 0.92 means they have usually moved in the same direction. QDTY charges 1.01%/yr vs 0.20%/yr for QTOP.

Performance

QDTY vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QDTY achieves a 9.56% return, which is significantly lower than QTOP's 12.29% return.

QDTY

• 1D: 0.19%
• 1M: -0.96%
• 6M: 7.98%
• YTD: 9.56%
• 1Y: 22.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.20%

QTOP

• 1D: 0.76%
• 1M: -3.71%
• 6M: 10.80%
• YTD: 12.29%
• 1Y: 26.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.79%

*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)
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	$575.56K	$563.37K	$755.82K
QTOP iShares Nasdaq Top 30 Stocks ETF	$6.40M	$5.80M	$7.08M

QDTY vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	9.56%	12.21%
QTOP iShares Nasdaq Top 30 Stocks ETF	12.29%	19.46%

Correlation

The correlation between QDTY and QTOP is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.92

The correlation between QDTY and QTOP has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

QDTY vs. QTOP - Sectors Allocation Comparison

Sectors	QDTY	QTOP
Technology	60.8%	67.0%
Communication Services	13.0%	15.2%
Consumer Cyclical	10.7%	9.1%
Consumer Defensive	6.2%	7.2%
Healthcare	3.6%	2.9%
Industrials	2.9%	0.9%
Utilities	1.1%	-
Basic Materials	1.0%	1.5%
Energy	0.5%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QDTY vs. QTOP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QDTY

QDTY Risk / Return Rank: 46
QDTY Sharpe Ratio Rank: 44
QDTY Sortino Ratio Rank: 43
QDTY Omega Ratio Rank: 43
QDTY Calmar Ratio Rank: 51
QDTY Martin Ratio Rank: 50

QTOP

QTOP Risk / Return Rank: 46
QTOP Sharpe Ratio Rank: 44
QTOP Sortino Ratio Rank: 43
QTOP Omega Ratio Rank: 42
QTOP Calmar Ratio Rank: 50
QTOP Martin Ratio Rank: 49

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QDTY vs. QTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) 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.

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.

	QDTY	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.09	+0.01
Sortino ratio: Return per unit of downside risk	1.57	1.58	0.00
Omega ratio: Gain probability vs. loss probability	1.20	1.20	0.00
Calmar ratio: Return relative to maximum drawdown	1.84	1.79	+0.05
Martin ratio: Return relative to average drawdown	5.79	5.58	+0.20

QDTY vs. QTOP - Sharpe Ratio Comparison

The current QDTY Sharpe Ratio is 1.11, which is comparable to the QTOP Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of QDTY 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.

Drawdowns

QDTY vs. QTOP - Drawdown Comparison

The maximum QDTY drawdown since its inception was -23.45%, roughly equal to the maximum QTOP drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QDTY and QTOP.

Drawdown Indicators

	QDTY	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-23.45%	-23.28%	-0.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-13.02%	+1.92%
Current Drawdown Current decline from peak	-5.85%	-8.69%	+2.84%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.93%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	4.18%	-0.65%

Volatility

QDTY vs. QTOP - Volatility Comparison

The current volatility for YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY) is 7.08%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 8.33%. This indicates that QDTY 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

	QDTY	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	8.33%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	18.01%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	21.39%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.06%	23.79%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.06%	23.79%	+2.27%

QDTY vs. QTOP - Expense Ratio Comparison

QDTY has a 1.01% expense ratio, which is higher than QTOP's 0.20% expense ratio.

Dividends

QDTY vs. QTOP - Dividend Comparison

QDTY's dividend yield for the trailing twelve months is around 35.74%, more than QTOP's 0.35% yield.

Position	TTM	2025	2024
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	35.74%	26.82%	0.00%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.35%	0.38%	0.11%

Frequently Asked Questions

Can I hold both QDTY and QTOP in my portfolio?

With a correlation of 0.93, QDTY and QTOP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QDTY or QTOP?

QTOP has higher volatility (8.33%) compared to QDTY (7.08%). In terms of maximum drawdown, QDTY dropped -23.45% vs QTOP's -23.28%.

Which ETF is better, QDTY or QTOP?

On 1-year performance, QTOP leads with 26.03% vs 22.67% for QDTY. On fees, QTOP is cheaper at 0.20% per year. On volatility, QDTY has been the lower-risk option at 7.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDTY or QTOP?

Over the 1-year period, QTOP has performed better with a 26.03% return vs 22.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDTY or QTOP?

QTOP is cheaper with a 0.20% expense ratio, compared with 1.01% for QDTY.

Which ETF pays a higher dividend yield, QDTY or QTOP?

QDTY has the higher dividend yield at 35.74%, compared with 0.35% for QTOP.

What is the main difference between QDTY and QTOP?

They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for QDTY and 0.20% for QTOP.

Which has better risk-adjusted returns?

QDTY currently has the higher Sharpe Ratio (1.11 vs 1.09), 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.