QTOP vs. QQUP
QTOP (iShares Nasdaq Top 30 Stocks ETF) and QQUP (ProShares Ultra Top QQQ) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while QQUP is a Leveraged Equities fund tracking the Nasdaq-100 Mega Index (200%). Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. QTOP charges 0.20%/yr vs 0.95%/yr for QQUP.
Performance
QTOP vs. QQUP - Performance Comparison
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Returns By Period
In the year-to-date period, QTOP achieves a 22.71% return, which is significantly higher than QQUP's 14.50% return.
QTOP
- 1D
- -0.21%
- 1M
- 10.74%
- YTD
- 22.71%
- 6M
- 21.95%
- 1Y
- 45.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQUP
- 1D
- -3.99%
- 1M
- 7.57%
- YTD
- 14.50%
- 6M
- 8.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTOP vs. QQUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 22.71% | 17.96% |
QQUP ProShares Ultra Top QQQ | 14.50% | 44.45% |
Correlation
The correlation between QTOP and QQUP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.92 |
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Return for Risk
QTOP vs. QQUP — Risk / Return Rank
QTOP
QQUP
QTOP vs. QQUP - 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 Top QQQ (QQUP). 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 | QQUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | — | — |
| Martin ratioReturn relative to average drawdown | 13.20 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTOP | QQUP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 1.77 | -0.29 |
Drawdowns
QTOP vs. QQUP - Drawdown Comparison
The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum QQUP drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for QTOP and QQUP.
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Drawdown Indicators
| QTOP | QQUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -37.67% | +14.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -6.42% | +6.21% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -9.20% | +5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | — | — |
Volatility
QTOP vs. QQUP - Volatility Comparison
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Volatility by Period
| QTOP | QQUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.40% | 38.52% | -21.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.70% | 38.52% | -15.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.70% | 38.52% | -15.82% |
QTOP vs. QQUP - Expense Ratio Comparison
QTOP has a 0.20% expense ratio, which is lower than QQUP's 0.95% expense ratio.
Dividends
QTOP vs. QQUP - Dividend Comparison
QTOP's dividend yield for the trailing twelve months is around 0.32%, less than QQUP's 0.42% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQUP ProShares Ultra Top QQQ | 0.42% | 0.29% | 0.00% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.32% | 0.38% | 0.11% |
Frequently Asked Questions
With a correlation of 0.92, QTOP and QQUP 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.
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.
QTOP is cheaper with a 0.20% expense ratio, compared with 0.95% for QQUP.
QQUP has the higher dividend yield at 0.42%, compared with 0.32% for QTOP.
QTOP is categorized as Nasdaq-100, while QQUP is Leveraged Equities. QTOP tracks Nasdaq-100 Top 30 Index, while QQUP tracks Nasdaq-100 Mega Index (200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for QTOP and 0.95% for QQUP.
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