QTOP vs. MLPX

Last updated Jun 24, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and MLPX (Global X MLP & Energy Infrastructure ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while MLPX is a MLPs fund tracking the Solactive MLP & Energy Infrastructure Index. Both are passively managed. Over the past year, QTOP returned 38.12% vs 27.11% for MLPX. At a 0.10 correlation, their price movements are largely independent. QTOP charges 0.20%/yr vs 0.45%/yr for MLPX.

Performance

QTOP vs. MLPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) and Global X MLP & Energy Infrastructure ETF (MLPX). 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 lower than MLPX's 25.35% return.

QTOP

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

MLPX

• 1D: 1.68%
• 1M: -3.98%
• YTD: 25.35%
• 6M: 25.51%
• 1Y: 27.11%
• 3Y*: 29.56%
• 5Y*: 21.27%
• 10Y*: 12.45%

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

QTOP vs. MLPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	17.15%	22.19%	6.25%
MLPX Global X MLP & Energy Infrastructure ETF	25.35%	4.96%	7.37%

Correlation

The correlation between QTOP and MLPX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	0.10

The correlation between QTOP and MLPX shifts across timeframes, from -0.13 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

QTOP vs. MLPX - Sectors Allocation Comparison

Sectors	QTOP	MLPX
Technology	62.3%	-
Communication Services	15.7%	-
Consumer Cyclical	9.9%	-
Consumer Defensive	6.9%	-
Healthcare	2.9%	-
Basic Materials	1.4%	-
Industrials	0.9%	-
Energy	-	99.5%
Financial Services	-	-
Real Estate	-	-
Utilities	-	0.3%

Return for Risk

QTOP vs. MLPX — 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

MLPX

MLPX Risk / Return Rank: 55
MLPX Sharpe Ratio Rank: 54
MLPX Sortino Ratio Rank: 53
MLPX Omega Ratio Rank: 49
MLPX Calmar Ratio Rank: 69
MLPX Martin Ratio Rank: 49

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. MLPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and Global X MLP & Energy Infrastructure ETF (MLPX). 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	MLPX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	1.77	+0.19
Sortino ratio: Return per unit of downside risk	2.56	2.46	+0.10
Omega ratio: Gain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratio: Return relative to maximum drawdown	2.97	3.33	-0.36
Martin ratio: Return relative to average drawdown	10.59	8.00	+2.59

QTOP vs. MLPX - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 1.97, which is comparable to the MLPX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of QTOP and MLPX, 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. MLPX - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum MLPX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for QTOP and MLPX.

Drawdown Indicators

	QTOP	MLPX	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-70.67%	+47.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-8.18%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.70%	—
Current Drawdown Current decline from peak	-4.74%	-4.34%	-0.40%
Average Drawdown Average peak-to-trough decline	-3.80%	-16.58%	+12.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.40%	+0.21%

Volatility

QTOP vs. MLPX - Volatility Comparison

iShares Nasdaq Top 30 Stocks ETF (QTOP) has a higher volatility of 9.71% compared to Global X MLP & Energy Infrastructure ETF (MLPX) at 5.80%. This indicates that QTOP's price experiences larger fluctuations and is considered to be riskier than MLPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOP	MLPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	5.80%	+3.91%
Volatility (6M) Calculated over the trailing 6-month period	16.00%	11.78%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	19.50%	15.43%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	19.99%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	26.47%	-3.03%

QTOP vs. MLPX - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is lower than MLPX's 0.45% expense ratio.

Dividends

QTOP vs. MLPX - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.33%, less than MLPX's 4.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MLPX Global X MLP & Energy Infrastructure ETF	4.09%	4.88%	4.30%	5.22%	5.23%	5.98%	8.32%	5.78%	5.77%	4.36%	5.50%	4.81%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.33%	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

Can I hold both QTOP and MLPX in my portfolio?

QTOP and MLPX have a correlation of -0.13, 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 MLPX?

QTOP has higher volatility (9.71%) compared to MLPX (5.80%). In terms of maximum drawdown, QTOP dropped -23.28% vs MLPX's -70.67%.

Which ETF is better, QTOP or MLPX?

On 1-year performance, QTOP leads with 38.12% vs 27.11% for MLPX. On fees, QTOP is cheaper at 0.20% per year. On volatility, MLPX has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTOP or MLPX?

Over the 1-year period, QTOP has performed better with a 38.12% return vs 27.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTOP or MLPX?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.45% for MLPX.

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

MLPX has the higher dividend yield at 4.09%, compared with 0.33% for QTOP.

What is the main difference between QTOP and MLPX?

QTOP is categorized as Nasdaq-100, while MLPX is MLPs. QTOP tracks Nasdaq-100 Top 30 Index, while MLPX tracks Solactive MLP & Energy Infrastructure Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for QTOP and 0.45% for MLPX.

Which has better risk-adjusted returns?

QTOP currently has the higher Sharpe Ratio (1.97 vs 1.77), 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.