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QTOP vs. IWY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QTOP vs. IWY

Last updated Aug 2, 2026
Documentation

QTOP (iShares Nasdaq Top 30 Stocks ETF) and IWY (iShares Russell Top 200 Growth ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Both are passively managed. Over the past year, QTOP returned 26.03% vs 10.78% for IWY. Their correlation of 0.95 means they have usually moved in the same direction. Both charge a 0.20% expense ratio.

Performance

QTOP vs. IWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Russell Top 200 Growth ETF (IWY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QTOP achieves a 12.29% return, which is significantly higher than IWY's -0.03% return.

QTOP

1D
0.76%
1M
-3.71%
6M
10.80%
YTD
12.29%
1Y
26.03%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
23.79%

IWY

1D
0.85%
1M
-2.47%
6M
1.67%
YTD
-0.03%
1Y
10.78%
3Y*
19.65%
5Y*
12.72%
10Y*
18.31%
ALL TIME*
16.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWY

iShares Russell Top 200 Growth ETF
$127.32M$104.93M$113.90M

QTOP

iShares Nasdaq Top 30 Stocks ETF
$6.40M$5.80M$7.08M

QTOP vs. IWY - Yearly Performance Comparison

2026 (YTD)20252024
QTOP
iShares Nasdaq Top 30 Stocks ETF		12.29%22.19%6.25%
IWY
iShares Russell Top 200 Growth ETF		-0.03%18.19%6.36%

Correlation

The correlation between QTOP and IWY is 0.93, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.93

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

0.95

The correlation between QTOP and IWY has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

QTOP vs. IWY - Sectors Allocation Comparison

Sectors
QTOP
IWY

Technology

67.0%
57.1%

Communication Services

15.2%
16.4%

Consumer Cyclical

9.1%
7.3%

Consumer Defensive

7.2%
1.2%

Healthcare

2.9%
5.0%

Basic Materials

1.5%
0.1%

Industrials

0.9%
6.5%

Energy

-

0.0%

Financial Services

-

5.0%

Real Estate

-

0.2%

Utilities

-

1.0%

Technology

QTOP
67.0%
IWY
57.1%

Communication Services

QTOP
15.2%
IWY
16.4%

Consumer Cyclical

QTOP
9.1%
IWY
7.3%

Consumer Defensive

QTOP
7.2%
IWY
1.2%

Healthcare

QTOP
2.9%
IWY
5.0%

Basic Materials

QTOP
1.5%
IWY
0.1%

Industrials

QTOP
0.9%
IWY
6.5%

Energy

QTOP

-

IWY
0.0%

Financial Services

QTOP

-

IWY
5.0%

Real Estate

QTOP

-

IWY
0.2%

Utilities

QTOP

-

IWY
1.0%

Compare stocks, funds, or ETFs

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

iShares Nasdaq Top 30 Stocks ETF

iShares Russell Top 200 Growth ETF

Often compared with QTOP:
QTOP vs. QQQQTOP vs. TOPTQTOP vs. QQQMQTOP vs. MAGSQTOP vs. QBIGQTOP vs. VGTQTOP vs. XLK
Often compared with IWY:
IWY vs. QQQIWY vs. SCHGIWY vs. SPYIWY vs. IWFIWY vs. MGKIWY vs. SPMOIWY vs. VONG

Return for Risk

QTOP vs. IWY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
QTOP
QTOP Risk / Return Rank: 4646
Overall Rank
QTOP Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
QTOP Sortino Ratio Rank: 4343
Sortino Ratio Rank
QTOP Omega Ratio Rank: 4242
Omega Ratio Rank
QTOP Calmar Ratio Rank: 5050
Calmar Ratio Rank
QTOP Martin Ratio Rank: 4949
Martin Ratio Rank
IWY
IWY Risk / Return Rank: 2121
Overall Rank
IWY Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
IWY Sortino Ratio Rank: 2222
Sortino Ratio Rank
IWY Omega Ratio Rank: 2121
Omega Ratio Rank
IWY Calmar Ratio Rank: 2020
Calmar Ratio Rank
IWY Martin Ratio Rank: 2222
Martin Ratio Rank
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.

QTOP vs. IWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Russell Top 200 Growth ETF (IWY). 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.

QTOPIWYDifference
Sharpe ratioReturn per unit of total volatility
1.09
0.48

+0.61

Sortino ratioReturn per unit of downside risk
1.58
0.79

+0.79

Omega ratioGain probability vs. loss probability

1.20

1.09

+0.10

Calmar ratioReturn relative to maximum drawdown

1.79

0.52

+1.28

Martin ratioReturn relative to average drawdown

5.58

1.50

+4.08

QTOP vs. IWY - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 1.09, which is higher than the IWY Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of QTOP and IWY, 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

QTOP vs. IWY - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum IWY drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for QTOP and IWY.

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Drawdown Indicators

QTOPIWYDifference

Max Drawdown

Largest peak-to-trough decline

-23.28%

-32.68%

+9.40%

Max Drawdown (1Y)

Largest decline over 1 year

-13.02%

-16.63%

+3.61%

Max Drawdown (3Y)

Largest decline over 3 years

—

-23.22%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-32.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.68%

—

Current Drawdown

Current decline from peak

-8.69%

-8.44%

-0.25%

Average Drawdown

Average peak-to-trough decline

-3.93%

-4.76%

+0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.18%

5.70%

-1.52%

Volatility

QTOP vs. IWY - Volatility Comparison

iShares Nasdaq Top 30 Stocks ETF (QTOP) has a higher volatility of 8.33% compared to iShares Russell Top 200 Growth ETF (IWY) at 6.91%. This indicates that QTOP's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QTOPIWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.33%

6.91%

+1.42%

Volatility (6M)

Calculated over the trailing 6-month period

18.01%

14.24%

+3.77%

Volatility (1Y)

Calculated over the trailing 1-year period

21.39%

17.75%

+3.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.79%

21.81%

+1.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.79%

21.13%

+2.66%

QTOP vs. IWY - Expense Ratio Comparison

Both QTOP and IWY 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

QTOP vs. IWY - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.35%, less than IWY's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
IWY
iShares Russell Top 200 Growth ETF		0.36%0.36%0.42%0.68%0.88%0.50%0.71%1.06%1.32%1.26%1.51%1.58%
QTOP
iShares Nasdaq Top 30 Stocks ETF		0.35%0.38%0.11%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.93, QTOP and IWY 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.

QTOP has higher volatility (8.33%) compared to IWY (6.91%). In terms of maximum drawdown, QTOP dropped -23.28% vs IWY's -32.68%.

On 1-year performance, QTOP leads with 26.03% vs 10.78% for IWY. Both ETFs have the same 0.20% expense ratio. On volatility, IWY has been the lower-risk option at 6.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, QTOP has performed better with a 26.03% return vs 10.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

QTOP and IWY have nearly identical dividend yields, around 0.35%.

QTOP is categorized as Nasdaq-100, while IWY is Large Cap Growth Equities. QTOP tracks Nasdaq-100 Top 30 Index, while IWY tracks Russell Top 200 Growth Index.

QTOP currently has the higher Sharpe Ratio (1.09 vs 0.48), 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.

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