QQQX.TO vs. QTOP
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 43.61% vs 47.87% for QTOP. Their correlation of 0.90 suggests significant overlap in exposure. QQQX.TO charges 0.15%/yr vs 0.20%/yr for QTOP.
Performance
QQQX.TO vs. QTOP - Performance Comparison
Loading charts...
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
In the year-to-date period, QQQX.TO achieves a 22.91% return, which is significantly lower than QTOP's 24.27% return.
QQQX.TO
- 1D
- 0.24%
- 1M
- 13.05%
- YTD
- 22.91%
- 6M
- 19.10%
- 1Y
- 43.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTOP
- 1D
- 0.20%
- 1M
- 12.95%
- YTD
- 24.27%
- 6M
- 21.48%
- 1Y
- 47.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQX.TO vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQX.TO Global X Nasdaq-100 Index ETF | 22.91% | 14.55% | 8.34% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 24.27% | 16.59% | 9.83% |
Correlation
The correlation between QQQX.TO and QTOP is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024 | 0.90 |
The correlation between QQQX.TO and QTOP has been stable across timeframes, ranging from 0.87 to 0.90 - 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.
Return for Risk
QQQX.TO vs. QTOP — Risk / Return Rank
QQQX.TO
QTOP
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.
| QQQX.TO | QTOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.49 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 3.60 | 0.00 |
| Martin ratioReturn relative to average drawdown | 11.56 | 11.05 | +0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| QQQX.TO | QTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.82 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 1.53 | -0.09 |
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 -23.40%. Use the drawdown chart below to compare losses from any high point for QQQX.TO and QTOP.
Loading charts...
Drawdown Indicators
| QQQX.TO | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.62% | -23.40% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -13.37% | +1.19% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -4.55% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 4.34% | -0.56% |
Volatility
QQQX.TO vs. QTOP - Volatility Comparison
The current volatility for Global X Nasdaq-100 Index ETF (QQQX.TO) is 4.73%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 5.17%. 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.
Loading charts...
Volatility by Period
| QQQX.TO | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.73% | 5.17% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 13.12% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 17.08% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 22.23% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 22.23% | -1.49% |
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 0.32% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQX.TO Global X Nasdaq-100 Index ETF | 0.29% | 0.35% | 0.14% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.32% | 0.38% | 0.11% |
Frequently Asked Questions
QQQX.TO and QTOP have a correlation of 0.87, 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.
Find the right allocation for QQQX.TO and QTOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer