QNXT vs. GARP
Compare and contrast key facts about iShares Nasdaq-100 ex Top 30 ETF (QNXT) and iShares MSCI USA Quality GARP ETF (GARP).
QNXT and GARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QNXT is a passively managed fund by iShares that tracks the performance of the Nasdaq-100 ex Top 30 UCITS Index. It was launched on Oct 23, 2024. GARP is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality GARP Select Index. It was launched on Jan 14, 2020. Both QNXT and GARP 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
QNXT vs. GARP - Performance Comparison
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QNXT vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | -4.65% | 14.97% | -2.52% |
GARP iShares MSCI USA Quality GARP ETF | -6.01% | 21.49% | 5.91% |
Returns By Period
In the year-to-date period, QNXT achieves a -4.65% return, which is significantly higher than GARP's -6.01% return.
QNXT
- 1D
- 2.43%
- 1M
- -5.95%
- YTD
- -4.65%
- 6M
- -5.48%
- 1Y
- 12.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GARP
- 1D
- 3.86%
- 1M
- -5.81%
- YTD
- -6.01%
- 6M
- -2.39%
- 1Y
- 25.79%
- 3Y*
- 25.22%
- 5Y*
- 15.18%
- 10Y*
- —
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QNXT vs. GARP - Expense Ratio Comparison
QNXT has a 0.20% expense ratio, which is higher than GARP's 0.15% expense ratio. However, 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
QNXT vs. GARP — Risk / Return Rank
QNXT
GARP
QNXT vs. GARP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) and iShares MSCI USA Quality GARP ETF (GARP). 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.
| QNXT | GARP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.06 | -0.46 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.62 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.87 | -0.92 |
Martin ratioReturn relative to average drawdown | 3.57 | 6.91 | -3.34 |
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
| QNXT | GARP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.06 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.71 | -0.48 |
Correlation
The correlation between QNXT and GARP is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QNXT vs. GARP - Dividend Comparison
QNXT's dividend yield for the trailing twelve months is around 0.72%, more than GARP's 0.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.72% | 0.64% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
GARP iShares MSCI USA Quality GARP ETF | 0.32% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
Drawdowns
QNXT vs. GARP - Drawdown Comparison
The maximum QNXT drawdown since its inception was -22.25%, smaller than the maximum GARP drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for QNXT and GARP.
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Drawdown Indicators
| QNXT | GARP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -31.34% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -13.69% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.61% | — |
Current DrawdownCurrent decline from peak | -7.96% | -10.35% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -7.53% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.71% | -0.30% |
Volatility
QNXT vs. GARP - Volatility Comparison
The current volatility for iShares Nasdaq-100 ex Top 30 ETF (QNXT) is 5.71%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 7.52%. This indicates that QNXT experiences smaller price fluctuations and is considered to be less risky than GARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QNXT | GARP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 7.52% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 14.44% | -2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 24.39% | -3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 21.86% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 24.02% | -3.72% |