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QTOP vs. QLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QTOP vs. QLD

Last updated Aug 2, 2026
Documentation

QTOP (iShares Nasdaq Top 30 Stocks ETF) and QLD (ProShares Ultra QQQ) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while QLD is a Leveraged Equities fund tracking the NASDAQ-100 Index (200%). Both are passively managed. Over the past year, QTOP returned 26.03% vs 42.18% for QLD. Their 0.99 correlation means they have historically moved very closely together. QTOP charges 0.20%/yr vs 0.95%/yr for QLD.

Performance

QTOP vs. QLD - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, QTOP achieves a 12.29% return, which is significantly lower than QLD's 18.94% return.

QTOP

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

QLD

1D
1.20%
1M
-7.66%
6M
16.78%
YTD
18.94%
1Y
42.18%
3Y*
35.01%
5Y*
17.45%
10Y*
32.56%
ALL TIME*
24.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

QLD

ProShares Ultra QQQ
$408.78M$399.91M$439.78M

QTOP

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

QTOP vs. QLD - Yearly Performance Comparison

2026 (YTD)20252024
QTOP
iShares Nasdaq Top 30 Stocks ETF		12.29%22.19%6.25%
QLD
ProShares Ultra QQQ		18.94%30.36%7.95%

Correlation

The correlation between QTOP and QLD is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

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

0.99

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

0.99

The correlation between QTOP and QLD has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

QTOP vs. QLD - Sectors Allocation Comparison

Sectors
QTOP
QLD

Technology

67.0%
60.9%

Communication Services

15.2%
13.1%

Consumer Cyclical

9.1%
10.7%

Consumer Defensive

7.2%
6.3%

Healthcare

2.9%
3.6%

Basic Materials

1.5%
1.0%

Industrials

0.9%
2.7%

Energy

-

0.5%

Financial Services

-

0.2%

Real Estate

-

0.1%

Utilities

-

1.1%

Technology

QTOP
67.0%
QLD
60.9%

Communication Services

QTOP
15.2%
QLD
13.1%

Consumer Cyclical

QTOP
9.1%
QLD
10.7%

Consumer Defensive

QTOP
7.2%
QLD
6.3%

Healthcare

QTOP
2.9%
QLD
3.6%

Basic Materials

QTOP
1.5%
QLD
1.0%

Industrials

QTOP
0.9%
QLD
2.7%

Energy

QTOP

-

QLD
0.5%

Financial Services

QTOP

-

QLD
0.2%

Real Estate

QTOP

-

QLD
0.1%

Utilities

QTOP

-

QLD
1.1%

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

ProShares Ultra QQQ

Often compared with QTOP:
QTOP vs. QQQQTOP vs. TOPTQTOP vs. QQQMQTOP vs. MAGSQTOP vs. QBIGQTOP vs. VGTQTOP vs. XLK
Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY

Return for Risk

QTOP vs. QLD — 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
QLD
QLD Risk / Return Rank: 3939
Overall Rank
QLD Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 3939
Sortino Ratio Rank
QLD Omega Ratio Rank: 3838
Omega Ratio Rank
QLD Calmar Ratio Rank: 4141
Calmar Ratio Rank
QLD Martin Ratio Rank: 4141
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. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and ProShares Ultra QQQ (QLD). 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.

QTOPQLDDifference
Sharpe ratioReturn per unit of total volatility
1.09
0.95

+0.14

Sortino ratioReturn per unit of downside risk
1.58
1.44

+0.14

Omega ratioGain probability vs. loss probability

1.20

1.18

+0.02

Calmar ratioReturn relative to maximum drawdown

1.79

1.46

+0.33

Martin ratioReturn relative to average drawdown

5.58

4.32

+1.26

QTOP vs. QLD - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 1.09, which is comparable to the QLD Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of QTOP and QLD, 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. QLD - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for QTOP and QLD.

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Drawdown Indicators

QTOPQLDDifference

Max Drawdown

Largest peak-to-trough decline

-23.28%

-83.13%

+59.85%

Max Drawdown (1Y)

Largest decline over 1 year

-13.02%

-25.13%

+12.11%

Max Drawdown (3Y)

Largest decline over 3 years

—

-42.29%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-63.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.68%

—

Current Drawdown

Current decline from peak

-8.69%

-16.72%

+8.03%

Average Drawdown

Average peak-to-trough decline

-3.93%

-18.11%

+14.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.18%

8.47%

-4.29%

Volatility

QTOP vs. QLD - Volatility Comparison

The current volatility for iShares Nasdaq Top 30 Stocks ETF (QTOP) is 8.33%, while ProShares Ultra QQQ (QLD) has a volatility of 13.69%. This indicates that QTOP experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QTOPQLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.33%

13.69%

-5.36%

Volatility (6M)

Calculated over the trailing 6-month period

18.01%

31.99%

-13.98%

Volatility (1Y)

Calculated over the trailing 1-year period

21.39%

38.62%

-17.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.79%

45.76%

-21.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.79%

44.97%

-21.18%

QTOP vs. QLD - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is lower than QLD's 0.95% expense ratio.

Dividends

QTOP vs. QLD - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.35%, more than QLD's 0.14% yield.

PositionTTM20252024202320222021202020192018201720162015
QLD
ProShares Ultra QQQ		0.14%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%
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 0.99, QTOP and QLD 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.

QLD has higher volatility (13.69%) compared to QTOP (8.33%). In terms of maximum drawdown, QTOP dropped -23.28% vs QLD's -83.13%.

On 1-year performance, QLD leads with 42.18% vs 26.03% for QTOP. On fees, QTOP is cheaper at 0.20% per year. On volatility, QTOP has been the lower-risk option at 8.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, QLD has performed better with a 42.18% return vs 26.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QTOP is cheaper with a 0.20% expense ratio, compared with 0.95% for QLD.

QTOP has the higher dividend yield at 0.35%, compared with 0.14% for QLD.

QTOP is categorized as Nasdaq-100, while QLD is Leveraged Equities. QTOP tracks Nasdaq-100 Top 30 Index, while QLD tracks NASDAQ-100 Index (200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for QTOP and 0.95% for QLD.

QTOP currently has the higher Sharpe Ratio (1.09 vs 0.95), 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.

Portfolio Optimizer

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