QTOP vs. TQQQ.TO
QTOP (iShares Nasdaq Top 30 Stocks ETF) and TQQQ.TO (BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF) are both Nasdaq-100 funds - QTOP tracks the Nasdaq-100 Top 30 Index while TQQQ.TO tracks the Nasdaq-100 Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure.
Performance
QTOP vs. TQQQ.TO - Performance Comparison
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Different Trading Currencies
QTOP is traded in USD, while TQQQ.TO is traded in CAD. To make them comparable, the TQQQ.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, QTOP achieves a 22.71% return, which is significantly lower than TQQQ.TO's 59.22% return.
QTOP
- 1D
- -0.21%
- 1M
- 10.74%
- YTD
- 22.71%
- 6M
- 21.95%
- 1Y
- 45.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TQQQ.TO
- 1D
- -1.32%
- 1M
- 30.31%
- YTD
- 59.22%
- 6M
- 52.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTOP vs. TQQQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 22.71% | 18.91% |
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 59.22% | 40.58% |
Correlation
The correlation between QTOP and TQQQ.TO is 0.90, 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 18, 2025 | 0.90 |
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Return for Risk
QTOP vs. TQQQ.TO — Risk / Return Rank
QTOP
TQQQ.TO
QTOP vs. TQQQ.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF (TQQQ.TO). 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 | TQQQ.TO | 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 | TQQQ.TO | 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 | 2.71 | -1.22 |
Drawdowns
QTOP vs. TQQQ.TO - Drawdown Comparison
The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum TQQQ.TO drawdown of -38.03%. Use the drawdown chart below to compare losses from any high point for QTOP and TQQQ.TO.
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Drawdown Indicators
| QTOP | TQQQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.28% | -38.03% | +14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -1.32% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -8.13% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | — | — |
Volatility
QTOP vs. TQQQ.TO - Volatility Comparison
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Volatility by Period
| QTOP | TQQQ.TO | 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% | 48.94% | -31.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.70% | 48.94% | -26.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.70% | 48.94% | -26.24% |
Dividends
QTOP vs. TQQQ.TO - Dividend Comparison
QTOP's dividend yield for the trailing twelve months is around 0.32%, while TQQQ.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.32% | 0.38% | 0.11% |
TQQQ.TO BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alternative ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTOP and TQQQ.TO have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTOP tracks Nasdaq-100 Top 30 Index, while TQQQ.TO tracks Nasdaq-100 Index. They also come from different issuers: iShares and Global X.
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