QQMG vs. QTOP

Last updated Aug 5, 2026

QQMG (Invesco ESG NASDAQ 100 ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both Nasdaq-100 funds - QQMG tracks the Nasdaq-100 ESG Total Return Index while QTOP tracks the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, QQMG returned 30.76% vs 30.82% for QTOP. Their 0.98 correlation means they have historically moved very closely together. Both charge a 0.20% expense ratio.

Performance

QQMG vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG NASDAQ 100 ETF (QQMG) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with QQMG having a 19.32% return and QTOP slightly lower at 18.71%.

QQMG

• 1D: 3.57%
• 1M: 2.05%
• 6M: 19.69%
• YTD: 19.32%
• 1Y: 30.76%
• 3Y*: 26.69%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.20%

QTOP

• 1D: 3.47%
• 1M: 1.80%
• 6M: 18.12%
• YTD: 18.71%
• 1Y: 30.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.56%

*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)
QQMG Invesco ESG NASDAQ 100 ETF	$831.38K	$1.27M	$1.13M
QTOP iShares Nasdaq Top 30 Stocks ETF	$6.36M	$5.85M	$7.10M

QQMG vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQMG Invesco ESG NASDAQ 100 ETF	19.32%	22.16%	3.88%
QTOP iShares Nasdaq Top 30 Stocks ETF	18.71%	22.19%	6.25%

Correlation

The correlation between QQMG and QTOP is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.98

The correlation between QQMG and QTOP has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

QQMG vs. QTOP - Sectors Allocation Comparison

Sectors	QQMG	QTOP
Technology	66.2%	67.0%
Communication Services	11.8%	15.2%
Consumer Cyclical	10.6%	9.1%
Consumer Defensive	5.2%	7.2%
Healthcare	3.3%	2.9%
Basic Materials	1.4%	1.5%
Industrials	1.2%	0.9%
Utilities	0.2%	-
Financial Services	0.2%	-
Real Estate	0.1%	-
Energy	-	-

Return for Risk

QQMG vs. QTOP — Risk / Return Rank

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

QQMG

QQMG Risk / Return Rank: 56
QQMG Sharpe Ratio Rank: 56
QQMG Sortino Ratio Rank: 54
QQMG Omega Ratio Rank: 51
QQMG Calmar Ratio Rank: 61
QQMG Martin Ratio Rank: 58

QTOP

QTOP Risk / Return Rank: 53
QTOP Sharpe Ratio Rank: 52
QTOP Sortino Ratio Rank: 50
QTOP Omega Ratio Rank: 49
QTOP Calmar Ratio Rank: 60
QTOP Martin Ratio Rank: 56

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.

QQMG vs. QTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG NASDAQ 100 ETF (QQMG) 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.

	QQMG	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.44	+0.09
Sortino ratio: Return per unit of downside risk	2.12	2.00	+0.11
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.44	2.38	+0.06
Martin ratio: Return relative to average drawdown	7.74	7.35	+0.40

QQMG vs. QTOP - Sharpe Ratio Comparison

The current QQMG Sharpe Ratio is 1.53, which is comparable to the QTOP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of QQMG 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

QQMG vs. QTOP - Drawdown Comparison

The maximum QQMG drawdown since its inception was -35.43%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QQMG and QTOP.

Drawdown Indicators

	QQMG	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-35.43%	-23.28%	-12.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-13.02%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-22.79%	—	—
Current Drawdown Current decline from peak	-2.49%	-3.46%	+0.97%
Average Drawdown Average peak-to-trough decline	-9.43%	-3.93%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	4.20%	-0.22%

Volatility

QQMG vs. QTOP - Volatility Comparison

The current volatility for Invesco ESG NASDAQ 100 ETF (QQMG) is 7.91%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 9.01%. This indicates that QQMG 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

	QQMG	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.91%	9.01%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	16.95%	18.36%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	20.31%	21.63%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.85%	23.92%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.85%	23.92%	-0.07%

QQMG vs. QTOP - Expense Ratio Comparison

Both QQMG 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%.

Dividends

QQMG vs. QTOP - Dividend Comparison

QQMG's dividend yield for the trailing twelve months is around 0.36%, more than QTOP's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021
QQMG Invesco ESG NASDAQ 100 ETF	0.36%	0.41%	0.50%	0.60%	0.82%	0.08%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.33%	0.38%	0.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQMG and QTOP in my portfolio?

With a correlation of 0.98, QQMG 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, QQMG or QTOP?

QTOP has higher volatility (9.01%) compared to QQMG (7.91%). In terms of maximum drawdown, QQMG dropped -35.43% vs QTOP's -23.28%.

Which ETF is better, QQMG or QTOP?

On 1-year performance, QTOP leads with 30.82% vs 30.76% for QQMG. Both ETFs have the same 0.20% expense ratio. On volatility, QQMG has been the lower-risk option at 7.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQMG or QTOP?

Over the 1-year period, QTOP has performed better with a 30.82% return vs 30.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQMG or QTOP?

QQMG and QTOP have the same expense ratio: 0.20% per year.

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

QQMG has the higher dividend yield at 0.36%, compared with 0.33% for QTOP.

What is the main difference between QQMG and QTOP?

QQMG tracks Nasdaq-100 ESG Total Return Index, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: Invesco and iShares.

Which has better risk-adjusted returns?

QQMG currently has the higher Sharpe Ratio (1.53 vs 1.44), 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.