XNDX.DE vs. QTOP
XNDX.DE (Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both Nasdaq-100 funds - XNDX.DE tracks the Nasdaq 100 Index while QTOP tracks the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, XNDX.DE returned 11.18% vs 28.83% for QTOP. A 0.72 correlation means they provide meaningful diversification when combined. XNDX.DE charges 0.18%/yr vs 0.20%/yr for QTOP.
Performance
XNDX.DE vs. QTOP - Performance Comparison
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Different Trading Currencies
XNDX.DE is traded in EUR, while QTOP is traded in USD. To make them comparable, the QTOP values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XNDX.DE having a 18.01% return and QTOP slightly lower at 17.56%.
XNDX.DE
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 16.17%
- YTD
- 18.01%
- 1Y
- 11.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTOP
- 1D
- -1.40%
- 1M
- -2.78%
- 6M
- 14.79%
- YTD
- 17.56%
- 1Y
- 28.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNDX.DE vs. QTOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 18.01% | -4.86% |
QTOP iShares Nasdaq Top 30 Stocks ETF | 17.56% | 12.34% |
Correlation
The correlation between XNDX.DE and QTOP is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025 | 0.72 |
The correlation between XNDX.DE and QTOP has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.
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Return for Risk
XNDX.DE vs. QTOP — Risk / Return Rank
XNDX.DE
QTOP
XNDX.DE vs. QTOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.DE) and iShares Nasdaq Top 30 Stocks ETF (QTOP). 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.
| XNDX.DE | QTOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.39 | -1.84 |
| Martin ratioReturn relative to average drawdown | 0.96 | 6.94 | -5.99 |
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Drawdowns
XNDX.DE vs. QTOP - Drawdown Comparison
The maximum XNDX.DE drawdown since its inception was -20.10%, smaller than the maximum QTOP drawdown of -27.66%. Use the drawdown chart below to compare losses from any high point for XNDX.DE and QTOP.
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Drawdown Indicators
| XNDX.DE | QTOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -27.66% | +7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.10% | -12.11% | -7.99% |
Current DrawdownCurrent decline from peak | -3.50% | -5.98% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -5.46% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 4.16% | +7.52% |
Volatility
XNDX.DE vs. QTOP - Volatility Comparison
The current volatility for Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD (XNDX.DE) is 5.56%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 8.10%. This indicates that XNDX.DE experiences smaller price fluctuations and is considered to be less risky than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNDX.DE | QTOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 8.10% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 16.04% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.87% | 20.18% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.69% | 24.74% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.69% | 24.74% | +5.95% |
XNDX.DE vs. QTOP - Expense Ratio Comparison
XNDX.DE has a 0.18% expense ratio, which is lower than QTOP's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XNDX.DE vs. QTOP - Dividend Comparison
XNDX.DE's dividend yield for the trailing twelve months is around 0.10%, less than QTOP's 0.34% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QTOP iShares Nasdaq Top 30 Stocks ETF | 0.34% | 0.38% | 0.11% |
XNDX.DE Xtrackers Nasdaq 100 Swap UCITS ETF 1D USD | 0.10% | 0.00% | 0.00% |
Frequently Asked Questions
XNDX.DE and QTOP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNDX.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNDX.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for QTOP.
XNDX.DE tracks Nasdaq 100 Index, while QTOP tracks Nasdaq-100 Top 30 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.18% for XNDX.DE and 0.20% for QTOP.
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