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QTOP vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QTOP vs. SPMO

Last updated Jun 4, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past year, QTOP returned 45.99% vs 46.00% for SPMO. Their correlation of 0.88 suggests significant overlap in exposure. QTOP charges 0.20%/yr vs 0.13%/yr for SPMO.

Performance

QTOP vs. SPMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QTOP achieves a 22.71% return, which is significantly lower than SPMO's 30.35% return.

QTOP

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

SPMO

1D
0.50%
1M
15.36%
YTD
30.35%
6M
30.51%
1Y
46.00%
3Y*
43.04%
5Y*
24.29%
10Y*
20.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QTOP vs. SPMO - Yearly Performance Comparison

2026 (YTD)20252024
QTOP
iShares Nasdaq Top 30 Stocks ETF		22.71%22.19%5.80%
SPMO
Invesco S&P 500 Momentum ETF		30.35%26.58%2.44%

Correlation

The correlation between QTOP and SPMO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2024

0.88

The correlation between QTOP and SPMO has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

QTOP vs. SPMO - Sectors Allocation Comparison

Sectors
QTOP
SPMO

Technology

57.7%
52.6%

Communication Services

17.7%
9.2%

Consumer Cyclical

10.4%
1.3%

Consumer Defensive

8.5%
4.3%

Healthcare

3.3%
6.7%

Basic Materials

1.5%
1.6%

Industrials

0.9%
11.3%

Energy

-

3.4%

Financial Services

-

5.9%

Real Estate

-

1.0%

Utilities

-

2.8%

Technology

QTOP
57.7%
SPMO
52.6%

Communication Services

QTOP
17.7%
SPMO
9.2%

Consumer Cyclical

QTOP
10.4%
SPMO
1.3%

Consumer Defensive

QTOP
8.5%
SPMO
4.3%

Healthcare

QTOP
3.3%
SPMO
6.7%

Basic Materials

QTOP
1.5%
SPMO
1.6%

Industrials

QTOP
0.9%
SPMO
11.3%

Energy

QTOP

-

SPMO
3.4%

Financial Services

QTOP

-

SPMO
5.9%

Real Estate

QTOP

-

SPMO
1.0%

Utilities

QTOP

-

SPMO
2.8%

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

Invesco S&P 500 Momentum ETF

Often compared with QTOP:
QTOP vs. QQQQTOP vs. TOPTQTOP vs. QQQMQTOP vs. MAGSQTOP vs. QBIGQTOP vs. VGTQTOP vs. XLK
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

QTOP vs. SPMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QTOP
QTOP Risk / Return Rank: 7474
Overall Rank
QTOP Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QTOP Sortino Ratio Rank: 7474
Sortino Ratio Rank
QTOP Omega Ratio Rank: 7474
Omega Ratio Rank
QTOP Calmar Ratio Rank: 7171
Calmar Ratio Rank
QTOP Martin Ratio Rank: 7070
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7575
Overall Rank
SPMO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7777
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7777
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7373
Martin Ratio Rank
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. SPMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and Invesco S&P 500 Momentum ETF (SPMO). 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.

QTOPSPMODifference
Sharpe ratioReturn per unit of total volatility
2.66
2.62

+0.04

Sortino ratioReturn per unit of downside risk
3.44
3.54

-0.10

Omega ratioGain probability vs. loss probability

1.45

1.47

-0.02

Calmar ratioReturn relative to maximum drawdown

3.59

3.64

-0.05

Martin ratioReturn relative to average drawdown

13.20

14.17

-0.96

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. SPMO - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 2.66, which is comparable to the SPMO Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of QTOP and SPMO, 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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Sharpe Ratios by Period

QTOPSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.66

2.62

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.27

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.03

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.48

1.01

+0.47

Drawdowns

QTOP vs. SPMO - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for QTOP and SPMO.

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Drawdown Indicators

QTOPSPMODifference

Max Drawdown

Largest peak-to-trough decline

-23.28%

-30.95%

+7.67%

Max Drawdown (1Y)

Largest decline over 1 year

-12.88%

-12.70%

-0.18%

Max Drawdown (3Y)

Largest decline over 3 years

—

-20.13%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.74%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.95%

—

Current Drawdown

Current decline from peak

-0.21%

0.00%

-0.21%

Average Drawdown

Average peak-to-trough decline

-3.82%

-4.60%

+0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

3.26%

+0.23%

Volatility

QTOP vs. SPMO - Volatility Comparison

The current volatility for iShares Nasdaq Top 30 Stocks ETF (QTOP) is 5.23%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.35%. This indicates that QTOP experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QTOPSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.23%

7.35%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

13.43%

14.39%

-0.96%

Volatility (1Y)

Calculated over the trailing 1-year period

17.40%

17.64%

-0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.70%

19.30%

+3.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.70%

20.31%

+2.39%

QTOP vs. SPMO - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is higher than SPMO's 0.13% 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%.

Dividends

QTOP vs. SPMO - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.32%, less than SPMO's 0.65% yield.

PositionTTM20252024202320222021202020192018201720162015
QTOP
iShares Nasdaq Top 30 Stocks ETF		0.32%0.38%0.11%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPMO
Invesco S&P 500 Momentum ETF		0.65%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

QTOP and SPMO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPMO has higher volatility (7.35%) compared to QTOP (5.23%). In terms of maximum drawdown, QTOP dropped -23.28% vs SPMO's -30.95%.

On 1-year performance, SPMO leads with 46.00% vs 45.99% for QTOP. On fees, SPMO is cheaper at 0.13% per year. On volatility, QTOP has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SPMO has performed better with a 46.00% return vs 45.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.20% for QTOP.

SPMO has the higher dividend yield at 0.65%, compared with 0.32% for QTOP.

QTOP is categorized as Nasdaq-100, while SPMO is Momentum. QTOP tracks Nasdaq-100 Top 30 Index, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for QTOP and 0.13% for SPMO.

QTOP currently has the higher Sharpe Ratio (2.66 vs 2.62), 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.

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