QNXT vs. QTOP
Compare and contrast key facts about iShares Nasdaq-100 ex Top 30 ETF (QNXT) and iShares Nasdaq Top 30 Stocks ETF (QTOP).
QNXT and QTOP 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. 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 QNXT 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
QNXT vs. QTOP - Performance Comparison
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QNXT vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | -4.65% | 14.97% | -2.52% |
QTOP iShares Nasdaq Top 30 Stocks ETF | -6.23% | 22.19% | 5.80% |
Returns By Period
In the year-to-date period, QNXT achieves a -4.65% return, which is significantly higher than QTOP's -6.23% return.
QNXT
- 1D
- 2.43%
- 1M
- -5.95%
- YTD
- -4.65%
- 6M
- -5.48%
- 1Y
- 12.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTOP
- 1D
- 3.75%
- 1M
- -4.25%
- YTD
- -6.23%
- 6M
- -3.51%
- 1Y
- 26.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QNXT vs. QTOP - Expense Ratio Comparison
Both QNXT and QTOP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
QNXT vs. QTOP — Risk / Return Rank
QNXT
QTOP
QNXT vs. QTOP - 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 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.
| QNXT | QTOP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.14 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.74 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.07 | -1.12 |
Martin ratioReturn relative to average drawdown | 3.57 | 7.14 | -3.57 |
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 | QTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.14 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.63 | -0.39 |
Correlation
The correlation between QNXT and QTOP is 0.77, 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. QTOP - Dividend Comparison
QNXT's dividend yield for the trailing twelve months is around 0.72%, more than QTOP's 0.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.72% | 0.64% | 0.22% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.42% | 0.38% | 0.11% |
Drawdowns
QNXT vs. QTOP - Drawdown Comparison
The maximum QNXT drawdown since its inception was -22.25%, roughly equal to the maximum QTOP drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QNXT and QTOP.
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Drawdown Indicators
| QNXT | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -23.28% | +1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -12.88% | +0.13% |
Current DrawdownCurrent decline from peak | -7.96% | -9.61% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -4.11% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.74% | -0.33% |
Volatility
QNXT vs. QTOP - Volatility Comparison
The current volatility for iShares Nasdaq-100 ex Top 30 ETF (QNXT) is 5.71%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 7.13%. This indicates that QNXT 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.
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Volatility by Period
| QNXT | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 7.13% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 13.85% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 23.49% | -2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 23.12% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 23.12% | -2.82% |