QXQ vs. QNXT
QXQ (SGI Enhanced Nasdaq-100 ETF) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both Nasdaq-100 funds. QXQ is actively managed, while QNXT is passively managed. Over the past year, QXQ returned 26.05% vs 19.18% for QNXT. Their correlation of 0.82 means they have usually moved in the same direction. QXQ charges 0.98%/yr vs 0.20%/yr for QNXT.
Performance
QXQ vs. QNXT - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QXQ having a 11.85% return and QNXT slightly lower at 11.66%.
QXQ
- 1D
- 0.86%
- 1M
- -3.40%
- 6M
- 10.78%
- YTD
- 11.85%
- 1Y
- 26.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.84%
QNXT
- 1D
- 0.31%
- 1M
- -1.59%
- 6M
- 10.52%
- YTD
- 11.66%
- 1Y
- 19.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $144.28K | $565.98K | $233.71K | |
| $1.32M | $772.53K | $468.55K |
QXQ vs. QNXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QXQ SGI Enhanced Nasdaq-100 ETF | 11.85% | 19.78% | 5.26% |
QNXT iShares Nasdaq-100 ex Top 30 ETF | 11.66% | 14.97% | -2.58% |
Correlation
The correlation between QXQ and QNXT is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024 | 0.82 |
The correlation between QXQ and QNXT has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.
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Return for Risk
QXQ vs. QNXT — Risk / Return Rank
QXQ
QNXT
QXQ vs. QNXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Nasdaq-100 ETF (QXQ) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QXQ | QNXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.72 | +0.23 |
| Martin ratioReturn relative to average drawdown | 6.38 | 5.22 | +1.16 |
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Drawdowns
QXQ vs. QNXT - Drawdown Comparison
The maximum QXQ drawdown since its inception was -22.53%, roughly equal to the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for QXQ and QNXT.
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Drawdown Indicators
| QXQ | QNXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -22.25% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.20% | -10.16% | -2.04% |
Current DrawdownCurrent decline from peak | -7.73% | -4.06% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -3.75% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.35% | +0.37% |
Volatility
QXQ vs. QNXT - Volatility Comparison
SGI Enhanced Nasdaq-100 ETF (QXQ) has a higher volatility of 7.02% compared to iShares Nasdaq-100 ex Top 30 ETF (QNXT) at 3.59%. This indicates that QXQ's price experiences larger fluctuations and is considered to be riskier than QNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QXQ | QNXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 3.59% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 12.02% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 16.12% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 19.55% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.24% | 19.55% | +2.69% |
QXQ vs. QNXT - Expense Ratio Comparison
QXQ has a 0.98% expense ratio, which is higher than QNXT's 0.20% expense ratio.
Dividends
QXQ vs. QNXT - Dividend Comparison
QXQ's dividend yield for the trailing twelve months is around 16.03%, more than QNXT's 0.68% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QNXT iShares Nasdaq-100 ex Top 30 ETF | 0.68% | 0.64% | 0.22% |
QXQ SGI Enhanced Nasdaq-100 ETF | 16.03% | 18.21% | 1.97% |
Frequently Asked Questions
QXQ and QNXT have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QXQ has higher volatility (7.02%) compared to QNXT (3.59%). In terms of maximum drawdown, QXQ dropped -22.53% vs QNXT's -22.25%.
On 1-year performance, QXQ leads with 26.05% vs 19.18% for QNXT. On fees, QNXT is cheaper at 0.20% per year. On volatility, QNXT has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QXQ has performed better with a 26.05% return vs 19.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QNXT is cheaper with a 0.20% expense ratio, compared with 0.98% for QXQ.
QXQ has the higher dividend yield at 16.03%, compared with 0.68% for QNXT.
They also come from different issuers: Summit Global Investments and iShares. Their fees differ too: 0.98% for QXQ and 0.20% for QNXT.
QXQ currently has the higher Sharpe Ratio (1.24 vs 1.09), 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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