QNXT vs. GARP
QNXT (iShares Nasdaq-100 ex Top 30 ETF) and GARP (iShares MSCI USA Quality GARP ETF) are both exchange-traded funds - QNXT is a Nasdaq-100 fund tracking the Nasdaq-100 ex Top 30 UCITS Index, while GARP is a Quality Factor fund tracking the MSCI USA Quality GARP Select Index. Both are passively managed. Over the past year, QNXT returned 19.85% vs 33.89% for GARP. Their correlation of 0.85 means they have usually moved in the same direction. QNXT charges 0.20%/yr vs 0.15%/yr for GARP.
Performance
QNXT vs. GARP - Performance Comparison
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Returns By Period
In the year-to-date period, QNXT achieves a 12.29% return, which is significantly lower than GARP's 18.78% return.
QNXT
- 1D
- 0.57%
- 1M
- -1.03%
- 6M
- 10.78%
- YTD
- 12.29%
- 1Y
- 19.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.80%
GARP
- 1D
- 1.62%
- 1M
- 0.39%
- 6M
- 15.63%
- YTD
- 18.78%
- 1Y
- 33.89%
- 3Y*
- 30.65%
- 5Y*
- 17.57%
- 10Y*
- —
- ALL TIME*
- 20.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.43M | $25.59M | $23.01M | |
| $139.17K | $113.59K | $235.01K |
QNXT vs. GARP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | 12.29% | 14.97% | -2.58% |
GARP iShares MSCI USA Quality GARP ETF | 18.78% | 21.49% | 7.18% |
Correlation
The correlation between QNXT and GARP is 0.84, 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. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | 0.85 |
The correlation between QNXT and GARP has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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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.
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.
| QNXT | GARP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.49 | -0.53 |
| Martin ratioReturn relative to average drawdown | 5.94 | 9.05 | -3.11 |
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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 | -10.16% | -13.69% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.61% | — |
Current DrawdownCurrent decline from peak | -3.51% | -2.79% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -7.27% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 3.76% | -0.41% |
Volatility
QNXT vs. GARP - Volatility Comparison
The current volatility for iShares Nasdaq-100 ex Top 30 ETF (QNXT) is 3.64%, while iShares MSCI USA Quality GARP ETF (GARP) has a volatility of 5.74%. 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 | 3.64% | 5.74% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 16.02% | -4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 20.01% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 22.36% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 23.92% | -4.39% |
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%.
Dividends
QNXT vs. GARP - Dividend Comparison
QNXT's dividend yield for the trailing twelve months is around 0.67%, more than GARP's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GARP iShares MSCI USA Quality GARP ETF | 0.27% | 0.31% | 0.38% | 0.75% | 1.85% | 0.67% | 0.75% |
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.67% | 0.64% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QNXT and GARP have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GARP has higher volatility (5.74%) compared to QNXT (3.64%). In terms of maximum drawdown, QNXT dropped -22.25% vs GARP's -31.34%.
On 1-year performance, GARP leads with 33.89% vs 19.85% for QNXT. On fees, GARP is cheaper at 0.15% per year. On volatility, QNXT has been the lower-risk option at 3.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GARP has performed better with a 33.89% return vs 19.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GARP is cheaper with a 0.15% expense ratio, compared with 0.20% for QNXT.
QNXT has the higher dividend yield at 0.67%, compared with 0.27% for GARP.
QNXT is categorized as Nasdaq-100, while GARP is Quality Factor. QNXT tracks Nasdaq-100 ex Top 30 UCITS Index, while GARP tracks MSCI USA Quality GARP Select Index. Their fees differ too: 0.20% for QNXT and 0.15% for GARP.
GARP currently has the higher Sharpe Ratio (1.70 vs 1.25), 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.
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