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XQQU.TO vs. QTOP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XQQU.TO vs. QTOP

Last updated Jun 4, 2026

XQQU.TO (iShares NASDAQ 100 Index ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both Nasdaq-100 funds from iShares - XQQU.TO tracks the NASDAQ-100 Index while QTOP tracks the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, XQQU.TO returned 43.63% vs 47.87% for QTOP. Their correlation of 0.93 suggests significant overlap in exposure. XQQU.TO charges 0.39%/yr vs 0.20%/yr for QTOP.

Performance

XQQU.TO vs. QTOP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares NASDAQ 100 Index ETF (XQQU.TO) and iShares Nasdaq Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XQQU.TO is traded in CAD, while QTOP is traded in USD. To make them comparable, the QTOP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XQQU.TO achieves a 22.83% return, which is significantly lower than QTOP's 24.27% return.

XQQU.TO

1D
0.47%
1M
13.16%
YTD
22.83%
6M
19.29%
1Y
43.63%
3Y*
—
5Y*
—
10Y*
—

QTOP

1D
0.20%
1M
12.95%
YTD
24.27%
6M
21.48%
1Y
47.87%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XQQU.TO vs. QTOP - Yearly Performance Comparison

2026 (YTD)20252024
XQQU.TO
iShares NASDAQ 100 Index ETF		22.83%15.17%7.91%
QTOP
iShares Nasdaq Top 30 Stocks ETF		24.27%16.59%9.83%

Correlation

The correlation between XQQU.TO and QTOP is 0.90, 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

0.90

Correlation (All Time)
Calculated using the full available price history since Oct 25, 2024

0.93

The correlation between XQQU.TO and QTOP has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares NASDAQ 100 Index ETF

iShares Nasdaq Top 30 Stocks ETF

Often compared with XQQU.TO:
XQQU.TO vs. XQQ.TOXQQU.TO vs. ZNQ.TOXQQU.TO vs. QQC.TOXQQU.TO vs. VFV.TOXQQU.TO vs. QQU.TOXQQU.TO vs. TEC.TOXQQU.TO vs. XEQT.TO
Often compared with QTOP:
QTOP vs. QQQQTOP vs. TOPTQTOP vs. QQQMQTOP vs. MAGSQTOP vs. QBIGQTOP vs. VGTQTOP vs. XLK

Return for Risk

XQQU.TO vs. QTOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XQQU.TO
XQQU.TO Risk / Return Rank: 7676
Overall Rank
XQQU.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
XQQU.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
XQQU.TO Omega Ratio Rank: 8080
Omega Ratio Rank
XQQU.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
XQQU.TO Martin Ratio Rank: 6363
Martin Ratio Rank
QTOP
QTOP Risk / Return Rank: 7474
Overall Rank
QTOP Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
QTOP Sortino Ratio Rank: 7474
Sortino Ratio Rank
QTOP Omega Ratio Rank: 7474
Omega Ratio Rank
QTOP Calmar Ratio Rank: 7171
Calmar Ratio Rank
QTOP Martin Ratio Rank: 7070
Martin Ratio Rank
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.

XQQU.TO vs. QTOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 Index ETF (XQQU.TO) 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.

XQQU.TOQTOPDifference

Sharpe ratio

Return per unit of total volatility

2.81

2.82

-0.01

Sortino ratio

Return per unit of downside risk

3.67

3.62

+0.05

Omega ratio

Gain probability vs. loss probability

1.49

1.49

0.00

Calmar ratio

Return relative to maximum drawdown

3.61

3.60

+0.01

Martin ratio

Return relative to average drawdown

11.54

11.05

+0.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XQQU.TO vs. QTOP - Sharpe Ratio Comparison

The current XQQU.TO Sharpe Ratio is 2.81, which is comparable to the QTOP Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of XQQU.TO and QTOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XQQU.TOQTOPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

2.82

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

1.53

+0.08

Drawdowns

XQQU.TO vs. QTOP - Drawdown Comparison

The maximum XQQU.TO drawdown since its inception was -22.68%, roughly equal to the maximum QTOP drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for XQQU.TO and QTOP.

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Drawdown Indicators

XQQU.TOQTOPDifference

Max Drawdown

Largest peak-to-trough decline

-22.68%

-23.40%

+0.72%

Max Drawdown (1Y)

Largest decline over 1 year

-12.16%

-13.37%

+1.21%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.37%

-4.55%

+1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

4.34%

-0.55%

Volatility

XQQU.TO vs. QTOP - Volatility Comparison

The current volatility for iShares NASDAQ 100 Index ETF (XQQU.TO) is 4.36%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 5.17%. This indicates that XQQU.TO 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

XQQU.TOQTOPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

5.17%

-0.81%

Volatility (6M)

Calculated over the trailing 6-month period

11.78%

13.12%

-1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

15.61%

17.08%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.77%

22.23%

-2.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.77%

22.23%

-2.46%

XQQU.TO vs. QTOP - Expense Ratio Comparison

XQQU.TO has a 0.39% expense ratio, which is higher than QTOP's 0.20% expense ratio.

Dividends

XQQU.TO vs. QTOP - Dividend Comparison

XQQU.TO's dividend yield for the trailing twelve months is around 0.21%, less than QTOP's 0.32% yield.

PositionTTM202520242023
QTOP
iShares Nasdaq Top 30 Stocks ETF		0.32%0.38%0.11%0.00%
XQQU.TO
iShares NASDAQ 100 Index ETF		0.21%0.26%0.20%0.10%

Frequently Asked Questions

XQQU.TO and QTOP have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, QTOP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

QTOP is cheaper with a 0.20% expense ratio, compared with 0.39% for XQQU.TO.

XQQU.TO tracks NASDAQ-100 Index, while QTOP tracks Nasdaq-100 Top 30 Index. Their fees differ too: 0.39% for XQQU.TO and 0.20% for QTOP.

Portfolio Optimizer

Find the right allocation for XQQU.TO and QTOP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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