QTOP vs. XDIV.TO

Last updated Jun 4, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past year, QTOP returned 45.99% vs 37.24% for XDIV.TO. At a 0.33 correlation, their price movements are largely independent. QTOP charges 0.20%/yr vs 0.11%/yr for XDIV.TO.

Performance

QTOP vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QTOP is traded in USD, while XDIV.TO is traded in CAD. To make them comparable, the XDIV.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 higher than XDIV.TO's 18.04% return.

QTOP

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

XDIV.TO

• 1D: 0.00%
• 1M: 1.89%
• YTD: 18.04%
• 6M: 19.75%
• 1Y: 37.24%
• 3Y*: 21.69%
• 5Y*: 13.27%
• 10Y*: —

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

QTOP vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTOP iShares Nasdaq Top 30 Stocks ETF	22.71%	22.19%	5.80%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	17.70%	30.91%	-5.23%

Correlation

The correlation between QTOP and XDIV.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 25, 2024	0.33

QTOP vs. XDIV.TO - Sectors Allocation Comparison

Sectors	QTOP	XDIV.TO
Technology	57.7%	1.3%
Communication Services	17.7%	0.4%
Consumer Cyclical	10.4%	11.5%
Consumer Defensive	8.5%	-
Healthcare	3.3%	-
Basic Materials	1.5%	-
Industrials	0.9%	-
Energy	-	28.8%
Financial Services	-	46.7%
Real Estate	-	-
Utilities	-	11.3%

Return for Risk

QTOP vs. XDIV.TO — Risk / Return Rank

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

QTOP

QTOP Risk / Return Rank: 74
QTOP Sharpe Ratio Rank: 80
QTOP Sortino Ratio Rank: 74
QTOP Omega Ratio Rank: 74
QTOP Calmar Ratio Rank: 71
QTOP Martin Ratio Rank: 70

XDIV.TO

XDIV.TO Risk / Return Rank: 98
XDIV.TO Sharpe Ratio Rank: 97
XDIV.TO Sortino Ratio Rank: 98
XDIV.TO Omega Ratio Rank: 98
XDIV.TO Calmar Ratio Rank: 98
XDIV.TO Martin Ratio Rank: 98

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. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.66	4.11	-1.45
Sortino ratio: Return per unit of downside risk	3.44	6.09	-2.66
Omega ratio: Gain probability vs. loss probability	1.45	1.82	-0.37
Calmar ratio: Return relative to maximum drawdown	3.59	10.78	-7.20
Martin ratio: Return relative to average drawdown	13.20	38.20	-25.00
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. XDIV.TO - Sharpe Ratio Comparison

The current QTOP Sharpe Ratio is 2.66, which is lower than the XDIV.TO Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of QTOP and XDIV.TO, 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	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	4.11	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.64	+0.84

Drawdowns

QTOP vs. XDIV.TO - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, smaller than the maximum XDIV.TO drawdown of -46.49%. Use the drawdown chart below to compare losses from any high point for QTOP and XDIV.TO.

Drawdown Indicators

	QTOP	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-46.49%	+23.21%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	-3.47%	-9.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.46%	—
Current Drawdown Current decline from peak	-0.21%	-0.44%	+0.23%
Average Drawdown Average peak-to-trough decline	-3.82%	-6.49%	+2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	0.98%	+2.51%

Volatility

QTOP vs. XDIV.TO - Volatility Comparison

iShares Nasdaq Top 30 Stocks ETF (QTOP) has a higher volatility of 5.23% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.88%. This indicates that QTOP's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOP	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	2.88%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	7.22%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	9.11%	+8.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.70%	14.23%	+8.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.70%	19.26%	+3.44%

QTOP vs. XDIV.TO - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is higher than XDIV.TO's 0.11% 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. XDIV.TO - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.32%, less than XDIV.TO's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.28%	3.81%	4.29%	4.20%	3.95%	3.58%	4.58%	4.02%	4.85%	1.82%

Frequently Asked Questions

Can I hold both QTOP and XDIV.TO in my portfolio?

QTOP and XDIV.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QTOP or XDIV.TO?

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QTOP or XDIV.TO?

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.20% for QTOP.

What is the main difference between QTOP and XDIV.TO?

QTOP is categorized as Nasdaq-100, while XDIV.TO is Dividend. QTOP tracks Nasdaq-100 Top 30 Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.20% for QTOP and 0.11% for XDIV.TO.