QTOP vs. QQQ
Compare and contrast key facts about iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco QQQ (QQQ).
QTOP and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTOP is a passively managed fund by iShares that tracks the performance of the Nasdaq-100 Top 30 Index. It was launched on Oct 23, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QTOP and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTOP or QQQ.
Correlation
The correlation between QTOP and QQQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QTOP vs. QQQ - Performance Comparison
Key characteristics
QTOP:
19.67%
QQQ:
18.35%
QTOP:
-6.69%
QQQ:
-82.98%
QTOP:
-3.02%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, QTOP achieves a 1.60% return, which is significantly lower than QQQ's 2.90% return.
QTOP
1.60%
-1.37%
N/A
N/A
N/A
N/A
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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QTOP vs. QQQ - Expense Ratio Comparison
Both QTOP and QQQ 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%.
Risk-Adjusted Performance
QTOP vs. QQQ — Risk-Adjusted Performance Rank
QTOP
QQQ
QTOP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco QQQ (QQQ). 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.
Not enough dataDividends
QTOP vs. QQQ - Dividend Comparison
QTOP's dividend yield for the trailing twelve months is around 0.11%, less than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.11% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QTOP vs. QQQ - Drawdown Comparison
The maximum QTOP drawdown since its inception was -6.69%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QTOP and QQQ. For additional features, visit the drawdowns tool.
Volatility
QTOP vs. QQQ - Volatility Comparison
iShares Nasdaq Top 30 Stocks ETF (QTOP) has a higher volatility of 5.56% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that QTOP's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.