QQXL vs. QTOP
Compare and contrast key facts about ProShares Ultra QQQ Top 30 (QQXL) and iShares Nasdaq Top 30 Stocks ETF (QTOP).
QQXL and QTOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQXL is an actively managed fund by ProShares. It was launched on Aug 13, 2025. 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.
Performance
QQXL vs. QTOP - Performance Comparison
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QQXL vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | -14.50% | 8.66% |
QTOP iShares Nasdaq Top 30 Stocks ETF | -6.23% | 6.46% |
Returns By Period
In the year-to-date period, QQXL achieves a -14.50% return, which is significantly lower than QTOP's -6.23% return.
QQXL
- 1D
- 7.43%
- 1M
- -9.20%
- YTD
- -14.50%
- 6M
- -12.20%
- 1Y
- —
- 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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QQXL vs. QTOP - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than QTOP's 0.20% expense ratio.
Return for Risk
QQXL vs. QTOP — Risk / Return Rank
QQXL
QTOP
QQXL vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQXL | QTOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.31 | 0.63 | -0.94 |
Correlation
The correlation between QQXL and QTOP is 0.99, 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
QQXL vs. QTOP - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.75%, more than QTOP's 0.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 0.75% | 0.08% | 0.00% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.42% | 0.38% | 0.11% |
Drawdowns
QQXL vs. QTOP - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, which is greater than QTOP's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QQXL and QTOP.
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Drawdown Indicators
| QQXL | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -23.28% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.88% | — |
Current DrawdownCurrent decline from peak | -21.94% | -9.61% | -12.33% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -4.11% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.74% | — |
Volatility
QQXL vs. QTOP - Volatility Comparison
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Volatility by Period
| QQXL | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.64% | 23.49% | +13.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 23.12% | +13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 23.12% | +13.52% |