QTOP vs. IBIT

Last updated Jun 25, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, QTOP returned 35.33% vs -43.61% for IBIT. At a 0.47 correlation, their price movements are largely independent. QTOP charges 0.20%/yr vs 0.25%/yr for IBIT.

Performance

QTOP vs. IBIT - Performance Comparison

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

Returns By Period

In the year-to-date period, QTOP achieves a 16.30% return, which is significantly higher than IBIT's -31.78% return.

QTOP

• 1D: -0.72%
• 1M: -2.13%
• YTD: 16.30%
• 6M: 14.37%
• 1Y: 35.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIT

• 1D: -4.08%
• 1M: -21.16%
• YTD: -31.78%
• 6M: -31.52%
• 1Y: -43.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTOP vs. IBIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	16.30%	22.19%	6.25%
IBIT iShares Bitcoin Trust ETF	-31.78%	-6.41%	40.31%

Correlation

The correlation between QTOP and IBIT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.47

Return for Risk

QTOP vs. IBIT — Risk / Return Rank

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

QTOP

QTOP Risk / Return Rank: 59
QTOP Sharpe Ratio Rank: 61
QTOP Sortino Ratio Rank: 55
QTOP Omega Ratio Rank: 58
QTOP Calmar Ratio Rank: 62
QTOP Martin Ratio Rank: 60

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 1
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 1

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.

QTOP vs. IBIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Bitcoin Trust ETF (IBIT). 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.

	QTOP	IBIT	Difference
Sharpe ratio: Return per unit of total volatility	1.82	-0.98	+2.81
Sortino ratio: Return per unit of downside risk	2.41	-1.44	+3.85
Omega ratio: Gain probability vs. loss probability	1.32	0.84	+0.48
Calmar ratio: Return relative to maximum drawdown	2.75	-0.83	+3.59
Martin ratio: Return relative to average drawdown	9.77	-1.42	+11.19

QTOP vs. IBIT - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 1.82, which is higher than the IBIT Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of QTOP and IBIT, 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

QTOP vs. IBIT - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum IBIT drawdown of -52.49%. Use the drawdown chart below to compare losses from any high point for QTOP and IBIT.

Drawdown Indicators

	QTOP	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-52.49%	+29.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-52.49%	+39.61%
Current Drawdown Current decline from peak	-5.43%	-52.49%	+47.06%
Average Drawdown Average peak-to-trough decline	-3.80%	-16.91%	+13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	30.76%	-27.13%

Volatility

QTOP vs. IBIT - Volatility Comparison

The current volatility for iShares Nasdaq Top 30 Stocks ETF (QTOP) is 9.72%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.48%. This indicates that QTOP experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOP	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	13.48%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	15.96%	34.60%	-18.64%
Volatility (1Y) Calculated over the trailing 1-year period	19.49%	44.48%	-24.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.42%	50.25%	-26.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.42%	50.25%	-26.83%

QTOP vs. IBIT - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is lower than IBIT's 0.25% 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

QTOP vs. IBIT - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.34%, while IBIT has not paid dividends to shareholders.

Position	TTM	2025	2024
IBIT iShares Bitcoin Trust ETF	0.00%	0.00%	0.00%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.34%	0.38%	0.11%

Frequently Asked Questions

Can I hold both QTOP and IBIT in my portfolio?

QTOP and IBIT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTOP or IBIT?

IBIT has higher volatility (13.48%) compared to QTOP (9.72%). In terms of maximum drawdown, QTOP dropped -23.28% vs IBIT's -52.49%.

Which ETF is better, QTOP or IBIT?

On 1-year performance, QTOP leads with 35.33% vs -43.61% for IBIT. On fees, QTOP is cheaper at 0.20% per year. On volatility, QTOP has been the lower-risk option at 9.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTOP or IBIT?

Over the 1-year period, QTOP has performed better with a 35.33% return vs -43.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTOP or IBIT?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.

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

QTOP has the higher dividend yield at 0.34%, compared with 0.00% for IBIT.

What is the main difference between QTOP and IBIT?

QTOP is categorized as Nasdaq-100, while IBIT is Cryptocurrency. QTOP tracks Nasdaq-100 Top 30 Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for QTOP and 0.25% for IBIT.

Which has better risk-adjusted returns?

QTOP currently has the higher Sharpe Ratio (1.82 vs -0.98), 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.