TOPT vs. QBIG

Last updated Jun 4, 2026

TOPT (iShares Top 20 U.S. Stocks ETF) and QBIG (Invesco Top QQQ ETF) are both exchange-traded funds - TOPT is a Large Cap Growth Equities fund tracking the S&P 500 Top 20 Select Index, while QBIG is a Large Cap Blend Equities fund actively managed by Invesco. TOPT is passively managed, while QBIG is actively managed. Over the past year, TOPT returned 30.17% vs 35.93% for QBIG. Their correlation of 0.95 suggests significant overlap in exposure. TOPT charges 0.20%/yr vs 0.29%/yr for QBIG.

Performance

TOPT vs. QBIG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TOPT having a 8.94% return and QBIG slightly lower at 8.80%.

TOPT

• 1D: -0.87%
• 1M: 5.40%
• YTD: 8.94%
• 6M: 8.53%
• 1Y: 30.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QBIG

• 1D: -1.97%
• 1M: 3.99%
• YTD: 8.80%
• 6M: 6.39%
• 1Y: 35.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TOPT vs. QBIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TOPT iShares Top 20 U.S. Stocks ETF	8.94%	20.35%	-0.34%
QBIG Invesco Top QQQ ETF	8.80%	21.46%	3.04%

Correlation

The correlation between TOPT and QBIG is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.95

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

TOPT vs. QBIG - Sectors Allocation Comparison

Sectors	TOPT	QBIG
Technology	43.6%	19.4%
Communication Services	19.4%	6.0%
Financial Services	12.4%	14.8%
Consumer Cyclical	9.2%	7.9%
Healthcare	7.7%	-
Consumer Defensive	4.8%	-
Energy	3.0%	-
Basic Materials	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TOPT vs. QBIG — Risk / Return Rank

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

TOPT

TOPT Risk / Return Rank: 58
TOPT Sharpe Ratio Rank: 65
TOPT Sortino Ratio Rank: 65
TOPT Omega Ratio Rank: 62
TOPT Calmar Ratio Rank: 46
TOPT Martin Ratio Rank: 51

QBIG

QBIG Risk / Return Rank: 45
QBIG Sharpe Ratio Rank: 53
QBIG Sortino Ratio Rank: 50
QBIG Omega Ratio Rank: 49
QBIG Calmar Ratio Rank: 37
QBIG Martin Ratio Rank: 36

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.

TOPT vs. QBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Top 20 U.S. Stocks ETF (TOPT) and Invesco Top QQQ ETF (QBIG). 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.

	TOPT	QBIG	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.86	+0.36
Sortino ratio: Return per unit of downside risk	3.07	2.48	+0.59
Omega ratio: Gain probability vs. loss probability	1.39	1.31	+0.08
Calmar ratio: Return relative to maximum drawdown	2.31	1.83	+0.48
Martin ratio: Return relative to average drawdown	8.73	5.73	+3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOPT vs. QBIG - Sharpe Ratio Comparison

The current TOPT Sharpe Ratio is 2.22, which is comparable to the QBIG Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of TOPT and QBIG, 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

	TOPT	QBIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	1.86	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.85	+0.27

Drawdowns

TOPT vs. QBIG - Drawdown Comparison

The maximum TOPT drawdown since its inception was -21.21%, smaller than the maximum QBIG drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for TOPT and QBIG.

Drawdown Indicators

	TOPT	QBIG	Difference
Max Drawdown Largest peak-to-trough decline	-21.21%	-30.33%	+9.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-19.70%	+6.57%
Current Drawdown Current decline from peak	-1.25%	-3.34%	+2.09%
Average Drawdown Average peak-to-trough decline	-3.48%	-7.02%	+3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	6.29%	-2.83%

Volatility

TOPT vs. QBIG - Volatility Comparison

The current volatility for iShares Top 20 U.S. Stocks ETF (TOPT) is 3.46%, while Invesco Top QQQ ETF (QBIG) has a volatility of 5.32%. This indicates that TOPT experiences smaller price fluctuations and is considered to be less risky than QBIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOPT	QBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	5.32%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	14.64%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	19.43%	-5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.83%	27.32%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	27.32%	-7.49%

TOPT vs. QBIG - Expense Ratio Comparison

TOPT has a 0.20% expense ratio, which is lower than QBIG's 0.29% expense ratio.

Dividends

TOPT vs. QBIG - Dividend Comparison

TOPT's dividend yield for the trailing twelve months is around 0.36%, while QBIG has not paid dividends to shareholders.

Position	TTM	2025	2024
QBIG Invesco Top QQQ ETF	0.00%	0.00%	0.00%
TOPT iShares Top 20 U.S. Stocks ETF	0.36%	0.38%	0.08%

Frequently Asked Questions

Can I hold both TOPT and QBIG in my portfolio?

With a correlation of 0.95, TOPT and QBIG 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, TOPT or QBIG?

QBIG has higher volatility (5.32%) compared to TOPT (3.46%). In terms of maximum drawdown, TOPT dropped -21.21% vs QBIG's -30.33%.

Which ETF is better, TOPT or QBIG?

On 1-year performance, QBIG leads with 35.93% vs 30.17% for TOPT. On fees, TOPT is cheaper at 0.20% per year. On volatility, TOPT has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOPT or QBIG?

Over the 1-year period, QBIG has performed better with a 35.93% return vs 30.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOPT or QBIG?

TOPT is cheaper with a 0.20% expense ratio, compared with 0.29% for QBIG.

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

TOPT has the higher dividend yield at 0.36%, compared with 0.00% for QBIG.

What is the main difference between TOPT and QBIG?

TOPT is categorized as Large Cap Growth Equities, while QBIG is Large Cap Blend Equities. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for TOPT and 0.29% for QBIG.

Which has better risk-adjusted returns?

TOPT currently has the higher Sharpe Ratio (2.22 vs 1.86), 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.