QTOP vs. TOPT

Last updated Jun 3, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and TOPT (iShares Top 20 U.S. Stocks ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while TOPT is a Large Cap Growth Equities fund tracking the S&P 500 Top 20 Select Index. Both are passively managed. Over the past year, QTOP returned 47.45% vs 32.13% for TOPT. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

QTOP vs. TOPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Top 20 U.S. Stocks ETF (TOPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTOP achieves a 22.97% return, which is significantly higher than TOPT's 9.90% return.

QTOP

• 1D: 0.46%
• 1M: 10.58%
• YTD: 22.97%
• 6M: 22.14%
• 1Y: 47.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TOPT

• 1D: -0.23%
• 1M: 6.16%
• YTD: 9.90%
• 6M: 9.21%
• 1Y: 32.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTOP vs. TOPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	22.97%	22.19%	5.80%
TOPT iShares Top 20 U.S. Stocks ETF	9.90%	20.35%	5.03%

Correlation

The correlation between QTOP and TOPT is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.95

The correlation between QTOP and TOPT has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

QTOP vs. TOPT - Sectors Allocation Comparison

Sectors	QTOP	TOPT
Technology	57.7%	43.6%
Communication Services	17.7%	19.4%
Consumer Cyclical	10.4%	9.2%
Consumer Defensive	8.5%	4.8%
Healthcare	3.3%	7.7%
Basic Materials	1.5%	-
Industrials	0.9%	-
Energy	-	3.0%
Financial Services	-	12.4%
Real Estate	-	-
Utilities	-	-

Return for Risk

QTOP vs. TOPT — Risk / Return Rank

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

QTOP

QTOP Risk / Return Rank: 77
QTOP Sharpe Ratio Rank: 83
QTOP Sortino Ratio Rank: 78
QTOP Omega Ratio Rank: 77
QTOP Calmar Ratio Rank: 74
QTOP Martin Ratio Rank: 73

TOPT

TOPT Risk / Return Rank: 63
TOPT Sharpe Ratio Rank: 71
TOPT Sortino Ratio Rank: 70
TOPT Omega Ratio Rank: 68
TOPT Calmar Ratio Rank: 50
TOPT Martin Ratio Rank: 54

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. TOPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Top 20 U.S. Stocks ETF (TOPT). 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	TOPT	Difference
Sharpe ratio Return per unit of total volatility	2.74	2.37	+0.37
Sortino ratio Return per unit of downside risk	3.52	3.25	+0.27
Omega ratio Gain probability vs. loss probability	1.47	1.41	+0.05
Calmar ratio Return relative to maximum drawdown	3.78	2.52	+1.26
Martin ratio Return relative to average drawdown	13.94	9.56	+4.38
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. TOPT - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 2.74, which is comparable to the TOPT Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of QTOP and TOPT, 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	TOPT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.37	+0.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	1.16	+0.33

Drawdowns

QTOP vs. TOPT - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, which is greater than TOPT's maximum drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for QTOP and TOPT.

Drawdown Indicators

	QTOP	TOPT	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-21.21%	-2.07%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-13.13%	+0.25%
Current Drawdown Current decline from peak	0.00%	-0.38%	+0.38%
Average Drawdown Average peak-to-trough decline	-3.83%	-3.49%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	3.46%	+0.03%

Volatility

QTOP vs. TOPT - Volatility Comparison

iShares Nasdaq Top 30 Stocks ETF (QTOP) has a higher volatility of 5.25% compared to iShares Top 20 U.S. Stocks ETF (TOPT) at 3.28%. This indicates that QTOP's price experiences larger fluctuations and is considered to be riskier than TOPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOP	TOPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	3.28%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	10.10%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	17.41%	13.65%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.72%	19.84%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	19.84%	+2.88%

QTOP vs. TOPT - Expense Ratio Comparison

Both QTOP and TOPT 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%.

Dividends

QTOP vs. TOPT - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.32%, less than TOPT's 0.35% yield.

Position	TTM	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	0.32%	0.38%	0.11%
TOPT iShares Top 20 U.S. Stocks ETF	0.35%	0.38%	0.08%

Frequently Asked Questions

Can I hold both QTOP and TOPT in my portfolio?

With a correlation of 0.93, QTOP and TOPT 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.

Which is riskier, QTOP or TOPT?

QTOP has higher volatility (5.25%) compared to TOPT (3.28%). In terms of maximum drawdown, QTOP dropped -23.28% vs TOPT's -21.21%.

Which ETF is better, QTOP or TOPT?

On 1-year performance, QTOP leads with 47.45% vs 32.13% for TOPT. Both ETFs have the same 0.20% expense ratio. On volatility, TOPT has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTOP or TOPT?

Over the 1-year period, QTOP has performed better with a 47.45% return vs 32.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTOP or TOPT?

QTOP and TOPT have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, QTOP or TOPT?

TOPT has the higher dividend yield at 0.35%, compared with 0.32% for QTOP.

What is the main difference between QTOP and TOPT?

QTOP is categorized as Nasdaq-100, while TOPT is Large Cap Growth Equities. QTOP tracks Nasdaq-100 Top 30 Index, while TOPT tracks S&P 500 Top 20 Select Index.

Which has better risk-adjusted returns?

QTOP currently has the higher Sharpe Ratio (2.74 vs 2.37), 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.