QTOP vs. QQQ5.L

Last updated Jun 4, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and QQQ5.L (Leverage Shares 5x Long Nasdaq 100 ETP Securities) are both Nasdaq-100 funds - QTOP tracks the Nasdaq-100 Top 30 Index while QQQ5.L tracks the Invesco QQQ Trust. Both are passively managed. Over the past year, QTOP returned 45.99% vs 229.20% for QQQ5.L. A 0.65 correlation means they provide meaningful diversification when combined. QTOP charges 0.20%/yr vs 0.75%/yr for QQQ5.L.

Performance

QTOP vs. QQQ5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTOP achieves a 22.71% return, which is significantly lower than QQQ5.L's 99.41% return.

QTOP

• 1D: -0.21%
• 1M: 10.74%
• YTD: 22.71%
• 6M: 21.95%
• 1Y: 45.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQ5.L

• 1D: -0.07%
• 1M: 57.04%
• YTD: 99.41%
• 6M: 87.03%
• 1Y: 229.20%
• 3Y*: 78.56%
• 5Y*: —
• 10Y*: —

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

QTOP vs. QQQ5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	22.71%	22.19%	5.80%
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	99.41%	2.29%	16.04%

Correlation

The correlation between QTOP and QQQ5.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.65

The correlation between QTOP and QQQ5.L has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

QTOP vs. QQQ5.L - Sectors Allocation Comparison

Sectors	QTOP	QQQ5.L
Technology	57.7%	54.2%
Communication Services	17.7%	15.5%
Consumer Cyclical	10.4%	12.2%
Consumer Defensive	8.5%	7.6%
Healthcare	3.3%	4.2%
Basic Materials	1.5%	1.2%
Industrials	0.9%	2.8%
Energy	-	0.6%
Financial Services	-	0.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

QTOP vs. QQQ5.L — Risk / Return Rank

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

QTOP

QTOP Risk / Return Rank: 74
QTOP Sharpe Ratio Rank: 80
QTOP Sortino Ratio Rank: 74
QTOP Omega Ratio Rank: 74
QTOP Calmar Ratio Rank: 71
QTOP Martin Ratio Rank: 70

QQQ5.L

QQQ5.L Risk / Return Rank: 70
QQQ5.L Sharpe Ratio Rank: 86
QQQ5.L Sortino Ratio Rank: 64
QQQ5.L Omega Ratio Rank: 59
QQQ5.L Calmar Ratio Rank: 79
QQQ5.L Martin Ratio Rank: 62

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. QQQ5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L). 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.

	QTOP	QQQ5.L	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.86	-0.20
Sortino ratio: Return per unit of downside risk	3.44	2.98	+0.46
Omega ratio: Gain probability vs. loss probability	1.45	1.36	+0.09
Calmar ratio: Return relative to maximum drawdown	3.59	4.00	-0.42
Martin ratio: Return relative to average drawdown	13.20	11.01	+2.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTOP vs. QQQ5.L - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 2.66, which is comparable to the QQQ5.L Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of QTOP and QQQ5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTOP	QQQ5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.86	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	-0.03	+1.51

Drawdowns

QTOP vs. QQQ5.L - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum QQQ5.L drawdown of -96.40%. Use the drawdown chart below to compare losses from any high point for QTOP and QQQ5.L.

Drawdown Indicators

	QTOP	QQQ5.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-96.40%	+73.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-56.84%	+43.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-80.09%	—
Current Drawdown Current decline from peak	-0.21%	-28.91%	+28.70%
Average Drawdown Average peak-to-trough decline	-3.82%	-75.57%	+71.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	20.72%	-17.23%

Volatility

QTOP vs. QQQ5.L - Volatility Comparison

The current volatility for iShares Nasdaq Top 30 Stocks ETF (QTOP) is 5.23%, while Leverage Shares 5x Long Nasdaq 100 ETP Securities (QQQ5.L) has a volatility of 24.25%. This indicates that QTOP experiences smaller price fluctuations and is considered to be less risky than QQQ5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOP	QQQ5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	24.25%	-19.02%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	58.68%	-45.25%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	79.84%	-62.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.70%	106.03%	-83.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.70%	106.03%	-83.33%

QTOP vs. QQQ5.L - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is lower than QQQ5.L's 0.75% expense ratio.

Dividends

QTOP vs. QQQ5.L - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.32%, while QQQ5.L has not paid dividends to shareholders.

Position	TTM	2025	2024
QQQ5.L Leverage Shares 5x Long Nasdaq 100 ETP Securities	0.00%	0.00%	0.00%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.32%	0.38%	0.11%

Frequently Asked Questions

Can I hold both QTOP and QQQ5.L in my portfolio?

QTOP and QQQ5.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QTOP or QQQ5.L?

On fees, QTOP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QTOP or QQQ5.L?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.75% for QQQ5.L.

What is the main difference between QTOP and QQQ5.L?

QTOP tracks Nasdaq-100 Top 30 Index, while QQQ5.L tracks Invesco QQQ Trust. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.20% for QTOP and 0.75% for QQQ5.L.