TOPT vs. QQQ
Compare and contrast key facts about iShares Top 20 U.S. Stocks ETF (TOPT) and Invesco QQQ (QQQ).
TOPT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOPT is a passively managed fund by iShares that tracks the performance of the S&P 500 Top 20 Select Index. It was launched on Nov 23, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both TOPT and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOPT or QQQ.
Correlation
The correlation between TOPT and QQQ is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TOPT vs. QQQ - Performance Comparison
Key characteristics
TOPT:
22.88%
QQQ:
21.28%
TOPT:
-20.29%
QQQ:
-82.98%
TOPT:
-20.29%
QQQ:
-21.54%
Returns By Period
The year-to-date returns for both investments are quite close, with TOPT having a -17.41% return and QQQ slightly higher at -17.20%.
TOPT
-17.41%
-14.66%
N/A
N/A
N/A
N/A
QQQ
-17.20%
-15.68%
-13.00%
-2.32%
18.97%
15.79%
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TOPT vs. QQQ - Expense Ratio Comparison
Both TOPT and QQQ 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%.
Risk-Adjusted Performance
TOPT vs. QQQ — Risk-Adjusted Performance Rank
TOPT
QQQ
TOPT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Top 20 U.S. Stocks ETF (TOPT) and Invesco QQQ (QQQ). 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.
Not enough dataDividends
TOPT vs. QQQ - Dividend Comparison
TOPT's dividend yield for the trailing twelve months is around 0.21%, less than QQQ's 0.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOPT iShares Top 20 U.S. Stocks ETF | 0.21% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.71% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
TOPT vs. QQQ - Drawdown Comparison
The maximum TOPT drawdown since its inception was -20.29%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for TOPT and QQQ. For additional features, visit the drawdowns tool.
Volatility
TOPT vs. QQQ - Volatility Comparison
iShares Top 20 U.S. Stocks ETF (TOPT) and Invesco QQQ (QQQ) have volatilities of 10.34% and 10.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.