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QQQX.TO vs. QTOP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQX.TO vs. QTOP

Last updated Jun 25, 2026

QQQX.TO (Global X Nasdaq-100 Index ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both Nasdaq-100 funds - QQQX.TO tracks the Nasdaq-100 Index while QTOP tracks the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, QQQX.TO returned 36.87% vs 40.07% for QTOP. Their correlation of 0.82 suggests significant overlap in exposure. QQQX.TO charges 0.15%/yr vs 0.20%/yr for QTOP.

Performance

QQQX.TO vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Nasdaq-100 Index ETF (QQQX.TO) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQQX.TO is traded in CAD, while QTOP is traded in USD. To make them comparable, the QTOP values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with QQQX.TO having a 20.19% return and QTOP slightly higher at 20.67%.

QQQX.TO

1D
-0.59%
1M
-0.33%
YTD
20.19%
6M
18.67%
1Y
36.87%
3Y*
—
5Y*
—
10Y*
—

QTOP

1D
-0.36%
1M
0.95%
YTD
20.67%
6M
18.75%
1Y
40.07%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQX.TO vs. QTOP - Yearly Performance Comparison

2026 (YTD)20252024
QQQX.TO
Global X Nasdaq-100 Index ETF		20.19%14.55%9.34%
QTOP
iShares Nasdaq Top 30 Stocks ETF		20.67%16.61%10.19%

Correlation

The correlation between QQQX.TO and QTOP is 0.82, 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

0.82

Correlation (All Time)
Calculated using the full available price history since Oct 24, 2024

0.82

The correlation between QQQX.TO and QTOP has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Nasdaq-100 Index ETF

iShares Nasdaq Top 30 Stocks ETF

Often compared with QQQX.TO:
QQQX.TO vs. QQCC.TOQQQX.TO vs. QQC.TOQQQX.TO vs. QQC-F.TOQQQX.TO vs. ZNQ.TOQQQX.TO vs. QQCL.TOQQQX.TO vs. JEPQ.TOQQQX.TO vs. QQCE.TO
Often compared with QTOP:
QTOP vs. QQQQTOP vs. TOPTQTOP vs. QQQMQTOP vs. MAGSQTOP vs. QBIGQTOP vs. VGTQTOP vs. XLK

Return for Risk

QQQX.TO vs. QTOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQX.TO
QQQX.TO Risk / Return Rank: 7171
Overall Rank
QQQX.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QQQX.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
QQQX.TO Omega Ratio Rank: 7474
Omega Ratio Rank
QQQX.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
QQQX.TO Martin Ratio Rank: 6262
Martin Ratio Rank
QTOP
QTOP Risk / Return Rank: 5959
Overall Rank
QTOP Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
QTOP Sortino Ratio Rank: 5555
Sortino Ratio Rank
QTOP Omega Ratio Rank: 5858
Omega Ratio Rank
QTOP Calmar Ratio Rank: 6262
Calmar Ratio Rank
QTOP Martin Ratio Rank: 6060
Martin Ratio Rank
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.

QQQX.TO vs. QTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Nasdaq-100 Index ETF (QQQX.TO) 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.

QQQX.TOQTOPDifference
Sharpe ratioReturn per unit of total volatility
2.11
2.05

+0.06

Sortino ratioReturn per unit of downside risk
2.82
2.70

+0.12

Omega ratioGain probability vs. loss probability

1.38

1.36

+0.02

Calmar ratioReturn relative to maximum drawdown

3.04

3.04

+0.01

Martin ratioReturn relative to average drawdown

9.59

9.44

+0.14

QQQX.TO vs. QTOP - Sharpe Ratio Comparison

The current QQQX.TO Sharpe Ratio is 2.11, which is comparable to the QTOP Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of QQQX.TO 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.

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Drawdowns

QQQX.TO vs. QTOP - Drawdown Comparison

The maximum QQQX.TO drawdown since its inception was -22.62%, roughly equal to the maximum QTOP drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and QTOP.

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Drawdown Indicators

QQQX.TOQTOPDifference

Max Drawdown

Largest peak-to-trough decline

-22.62%

-23.39%

+0.77%

Max Drawdown (1Y)

Largest decline over 1 year

-12.18%

-13.26%

+1.08%

Current Drawdown

Current decline from peak

-4.21%

-4.14%

-0.07%

Average Drawdown

Average peak-to-trough decline

-3.91%

-4.30%

+0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.86%

4.26%

-0.40%

Volatility

QQQX.TO vs. QTOP - Volatility Comparison

The current volatility for Global X Nasdaq-100 Index ETF (QQQX.TO) is 8.23%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 10.01%. This indicates that QQQX.TO 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

QQQX.TOQTOPDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.23%

10.01%

-1.78%

Volatility (6M)

Calculated over the trailing 6-month period

13.93%

16.21%

-2.28%

Volatility (1Y)

Calculated over the trailing 1-year period

17.63%

19.66%

-2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.15%

23.92%

-2.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.15%

23.92%

-2.77%

QQQX.TO vs. QTOP - Expense Ratio Comparison

QQQX.TO has a 0.15% expense ratio, which is lower than QTOP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QQQX.TO vs. QTOP - Dividend Comparison

QQQX.TO's dividend yield for the trailing twelve months is around 0.29%, less than QTOP's 0.34% yield.

PositionTTM20252024
QQQX.TO
Global X Nasdaq-100 Index ETF		0.29%0.35%0.14%
QTOP
iShares Nasdaq Top 30 Stocks ETF		0.34%0.38%0.11%

Frequently Asked Questions

QQQX.TO and QTOP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QQQX.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QQQX.TO is cheaper with a 0.15% expense ratio, compared with 0.20% for QTOP.

QQQX.TO tracks Nasdaq-100 Index, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for QQQX.TO and 0.20% for QTOP.

Portfolio Optimizer

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