QNXT vs. QTR

Last updated Jun 25, 2026

QNXT (iShares Nasdaq-100 ex Top 30 ETF) and QTR (Global X NASDAQ 100 Tail Risk ETF) are both Nasdaq-100 funds - QNXT tracks the Nasdaq-100 ex Top 30 UCITS Index while QTR tracks the NASDAQ-100 Quarterly Protective Put 90 Index. Both are passively managed. Over the past year, QNXT returned 18.98% vs 26.33% for QTR. Their correlation of 0.83 suggests significant overlap in exposure. QNXT charges 0.20%/yr vs 0.60%/yr for QTR.

Performance

QNXT vs. QTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Global X NASDAQ 100 Tail Risk ETF (QTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QNXT achieves a 12.56% return, which is significantly lower than QTR's 13.24% return.

QNXT

• 1D: 0.11%
• 1M: 1.95%
• YTD: 12.56%
• 6M: 11.13%
• 1Y: 18.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTR

• 1D: -0.67%
• 1M: -0.22%
• YTD: 13.24%
• 6M: 11.57%
• 1Y: 26.33%
• 3Y*: 20.47%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QNXT vs. QTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QNXT iShares Nasdaq-100 ex Top 30 ETF	12.56%	14.97%	-2.58%
QTR Global X NASDAQ 100 Tail Risk ETF	13.24%	14.52%	4.11%

Correlation

The correlation between QNXT and QTR is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.83

The correlation between QNXT and QTR has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

QNXT vs. QTR - Sectors Allocation Comparison

Sectors	QNXT	QTR
Technology	45.3%	59.2%
Consumer Cyclical	15.1%	10.6%
Industrials	9.7%	3.3%
Communication Services	9.1%	13.2%
Healthcare	6.8%	3.7%
Consumer Defensive	5.5%	6.8%
Utilities	5.4%	1.1%
Energy	2.3%	0.5%
Financial Services	0.8%	0.2%
Real Estate	0.3%	0.1%
Basic Materials	-	1.1%

Return for Risk

QNXT vs. QTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QNXT

QNXT Risk / Return Rank: 38
QNXT Sharpe Ratio Rank: 38
QNXT Sortino Ratio Rank: 36
QNXT Omega Ratio Rank: 35
QNXT Calmar Ratio Rank: 42
QNXT Martin Ratio Rank: 42

QTR

QTR Risk / Return Rank: 51
QTR Sharpe Ratio Rank: 55
QTR Sortino Ratio Rank: 52
QTR Omega Ratio Rank: 53
QTR Calmar Ratio Rank: 48
QTR Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QNXT vs. QTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq-100 ex Top 30 ETF (QNXT) and Global X NASDAQ 100 Tail Risk ETF (QTR). 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	QTR	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.66	-0.45
Sortino ratio: Return per unit of downside risk	1.72	2.26	-0.53
Omega ratio: Gain probability vs. loss probability	1.21	1.30	-0.08
Calmar ratio: Return relative to maximum drawdown	1.88	2.15	-0.28
Martin ratio: Return relative to average drawdown	5.99	7.19	-1.20

QNXT vs. QTR - Sharpe Ratio Comparison

The current QNXT Sharpe Ratio is 1.21, which is comparable to the QTR Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of QNXT and QTR, 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

QNXT vs. QTR - Drawdown Comparison

The maximum QNXT drawdown since its inception was -22.25%, smaller than the maximum QTR drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for QNXT and QTR.

Drawdown Indicators

	QNXT	QTR	Difference
Max Drawdown Largest peak-to-trough decline	-22.25%	-31.72%	+9.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-12.29%	+2.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.99%	—
Current Drawdown Current decline from peak	-3.28%	-3.98%	+0.70%
Average Drawdown Average peak-to-trough decline	-3.74%	-8.77%	+5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	3.67%	-0.49%

Volatility

QNXT vs. QTR - Volatility Comparison

The current volatility for iShares Nasdaq-100 ex Top 30 ETF (QNXT) is 6.79%, while Global X NASDAQ 100 Tail Risk ETF (QTR) has a volatility of 8.37%. This indicates that QNXT experiences smaller price fluctuations and is considered to be less risky than QTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QNXT	QTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	8.37%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	12.84%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	15.97%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	18.34%	+1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	18.34%	+1.58%

QNXT vs. QTR - Expense Ratio Comparison

QNXT has a 0.20% expense ratio, which is lower than QTR's 0.60% expense ratio.

Dividends

QNXT vs. QTR - Dividend Comparison

QNXT's dividend yield for the trailing twelve months is around 0.67%, less than QTR's 16.58% yield.

Position	TTM	2025	2024	2023	2022	2021
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.67%	0.64%	0.22%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	16.58%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both QNXT and QTR in my portfolio?

QNXT and QTR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QNXT or QTR?

QTR has higher volatility (8.37%) compared to QNXT (6.79%). In terms of maximum drawdown, QNXT dropped -22.25% vs QTR's -31.72%.

Which ETF is better, QNXT or QTR?

On 1-year performance, QTR leads with 26.33% vs 18.98% for QNXT. On fees, QNXT is cheaper at 0.20% per year. On volatility, QNXT has been the lower-risk option at 6.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QNXT or QTR?

Over the 1-year period, QTR has performed better with a 26.33% return vs 18.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QNXT or QTR?

QNXT is cheaper with a 0.20% expense ratio, compared with 0.60% for QTR.

Which ETF pays a higher dividend yield, QNXT or QTR?

QTR has the higher dividend yield at 16.58%, compared with 0.67% for QNXT.

What is the main difference between QNXT and QTR?

QNXT tracks Nasdaq-100 ex Top 30 UCITS Index, while QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for QNXT and 0.60% for QTR.

Which has better risk-adjusted returns?

QTR currently has the higher Sharpe Ratio (1.66 vs 1.21), 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.