QTOP vs. QQQM
Compare and contrast key facts about iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco NASDAQ 100 ETF (QQQM).
QTOP and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both QTOP and QQQM 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 QQQM.
Correlation
The correlation between QTOP and QQQM is 0.93, 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. QQQM - Performance Comparison
Key characteristics
QTOP:
30.68%
QQQM:
24.84%
QTOP:
-23.28%
QQQM:
-35.05%
QTOP:
-11.42%
QQQM:
-10.61%
Returns By Period
In the year-to-date period, QTOP achieves a -7.20% return, which is significantly lower than QQQM's -5.66% return.
QTOP
-7.20%
13.47%
-1.52%
N/A
N/A
N/A
QQQM
-5.66%
13.73%
-1.86%
10.07%
N/A
N/A
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QTOP vs. QQQM - Expense Ratio Comparison
QTOP has a 0.20% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
QTOP vs. QQQM — Risk-Adjusted Performance Rank
QTOP
QQQM
QTOP vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
QTOP's dividend yield for the trailing twelve months is around 0.23%, less than QQQM's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.23% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.63% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
QTOP vs. QQQM - Drawdown Comparison
The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for QTOP and QQQM. For additional features, visit the drawdowns tool.
Volatility
QTOP vs. QQQM - Volatility Comparison
iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 14.22% and 13.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.