QTOP vs. MAGS

Last updated Jun 24, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while MAGS is a Technology Equities fund actively managed by Roundhill. QTOP is passively managed, while MAGS is actively managed. Over the past year, QTOP returned 38.12% vs 18.84% for MAGS. Their correlation of 0.90 suggests significant overlap in exposure. QTOP charges 0.20%/yr vs 0.29%/yr for MAGS.

Performance

QTOP vs. MAGS - Performance Comparison

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

Returns By Period

In the year-to-date period, QTOP achieves a 17.15% return, which is significantly higher than MAGS's -4.28% return.

QTOP

• 1D: -3.69%
• 1M: -1.41%
• YTD: 17.15%
• 6M: 15.48%
• 1Y: 38.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGS

• 1D: -1.37%
• 1M: -8.97%
• YTD: -4.28%
• 6M: -5.96%
• 1Y: 18.84%
• 3Y*: 29.20%
• 5Y*: —
• 10Y*: —

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

QTOP vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	17.15%	22.19%	6.25%
MAGS Roundhill Magnificent Seven ETF	-4.28%	22.99%	16.92%

Correlation

The correlation between QTOP and MAGS 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 24, 2024	0.90

The correlation between QTOP and MAGS has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

QTOP vs. MAGS - Sectors Allocation Comparison

Sectors	QTOP	MAGS
Technology	62.3%	8.1%
Communication Services	15.7%	4.0%
Consumer Cyclical	9.9%	5.3%
Consumer Defensive	6.9%	-
Healthcare	2.9%	-
Basic Materials	1.4%	-
Industrials	0.9%	-
Energy	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

QTOP vs. MAGS — Risk / Return Rank

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

QTOP

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

MAGS

MAGS Risk / Return Rank: 25
MAGS Sharpe Ratio Rank: 26
MAGS Sortino Ratio Rank: 25
MAGS Omega Ratio Rank: 24
MAGS Calmar Ratio Rank: 22
MAGS Martin Ratio Rank: 26

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. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and Roundhill Magnificent Seven ETF (MAGS). 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	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.92	+1.05
Sortino ratio: Return per unit of downside risk	2.56	1.34	+1.22
Omega ratio: Gain probability vs. loss probability	1.35	1.17	+0.18
Calmar ratio: Return relative to maximum drawdown	2.97	1.02	+1.96
Martin ratio: Return relative to average drawdown	10.59	3.34	+7.25

QTOP vs. MAGS - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 1.97, which is higher than the MAGS Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of QTOP and MAGS, 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. MAGS - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum MAGS drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for QTOP and MAGS.

Drawdown Indicators

	QTOP	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-29.91%	+6.63%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-18.62%	+5.74%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.91%	—
Current Drawdown Current decline from peak	-4.74%	-11.00%	+6.26%
Average Drawdown Average peak-to-trough decline	-3.80%	-4.75%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	5.65%	-2.04%

Volatility

QTOP vs. MAGS - Volatility Comparison

iShares Nasdaq Top 30 Stocks ETF (QTOP) has a higher volatility of 9.71% compared to Roundhill Magnificent Seven ETF (MAGS) at 7.13%. This indicates that QTOP's price experiences larger fluctuations and is considered to be riskier than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOP	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	7.13%	+2.58%
Volatility (6M) Calculated over the trailing 6-month period	16.00%	15.51%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	19.50%	20.74%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	26.02%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	26.02%	-2.58%

QTOP vs. MAGS - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is lower than MAGS's 0.29% expense ratio.

Dividends

QTOP vs. MAGS - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.33%, less than MAGS's 1.55% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.55%	1.48%	0.81%	0.44%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.33%	0.38%	0.11%	0.00%

Frequently Asked Questions

Can I hold both QTOP and MAGS in my portfolio?

QTOP and MAGS 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.

Which is riskier, QTOP or MAGS?

QTOP has higher volatility (9.71%) compared to MAGS (7.13%). In terms of maximum drawdown, QTOP dropped -23.28% vs MAGS's -29.91%.

Which ETF is better, QTOP or MAGS?

On 1-year performance, QTOP leads with 38.12% vs 18.84% for MAGS. On fees, QTOP is cheaper at 0.20% per year. On volatility, MAGS has been the lower-risk option at 7.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTOP or MAGS?

Over the 1-year period, QTOP has performed better with a 38.12% return vs 18.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTOP or MAGS?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.29% for MAGS.

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

MAGS has the higher dividend yield at 1.55%, compared with 0.33% for QTOP.

What is the main difference between QTOP and MAGS?

QTOP is categorized as Nasdaq-100, while MAGS is Technology Equities. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.20% for QTOP and 0.29% for MAGS.

Which has better risk-adjusted returns?

QTOP currently has the higher Sharpe Ratio (1.97 vs 0.92), 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.