Skip to content
etf.net

Launched

iShares Nasdaq-100 ex Top 30 ETF

QNXTNasdaqiSharesB

$30.62−0.01 (−0.02%)

At close: Nov 2, 2026, 4:00 PM ET

B56/ 100

Rank 6 of 10 in Nasdaq-100

B56/100Rank 6 of 10inNasdaq-100
Intraday session: down, 79 prints from 30.63 to 30.62. Range 30.62 to 31.07. Use the arrow keys to read each point.30.8030.9031.0010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$28M
1Y total return
+9.7%
Yield · Last 12 months
0.71%
Holdings
72
Avg volume · 30D
6.41K sh
52W range
low $25.51high $32.59
Launched

The ETF.net QNXT Grade

B

Score 56 out of 100

Category
Nasdaq-100⁠
Rank
6 of 10
Six-pillar profile for QNXT. Scores out of 100: Cost 46, Risk 72, Mission 72, Tradability 33, Holdings 77, Durability 36. Strongest: Holdings (77). Weakest: Tradability (33). No single pillar leads.

Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C46 out of 100
    Rank 5 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 6 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A72 out of 100
    Rank 1 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 9 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A77 out of 100
    Rank 2 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 9 of 10

Our read on QNXT

ETF.net Research

In short

BThe Nasdaq-100 with its 30 giants cut out. QNXT holds the roughly 70 names that normally sit in the shadow of the index's mega-caps, wrapped at 0.20% a year.

Stated mandate

The fund seeks to track an index of the 30 largest companies by market capitalization within the Nasdaq-100, providing focused exposure to U.S. mega-cap growth leaders.

Why people hold it

  • Built to exclude the Nasdaq-100's 30 largest members, so roughly 70 second-tier names set the outcome instead of riding behind the giants.
  • 0.20% a year, less than half the typical fee among index trackers in its peer group.
  • Rules-based iShares wrapper on a published Nasdaq-100 subset index: no manager stock-picking, and it distributes quarterly.

Worth knowing

  • Light trading and a small asset base, so bid-ask spreads can run wider than on the flagship Nasdaq funds.
  • Short history: it began trading in October 2024, well short of a full market cycle to judge it by.
  • Still narrow. About 70 stocks from one large-cap index means cutting the top 30 shifts the concentration rather than removing it.

QNXT Performance

Launched Oct 23, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
QNXT$10,974
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QNXT $10,974. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QNXT. Periods over one year show the average yearly return.
PeriodQNXT
Year to date+11.8%
1 month−0.5%
3 months+0.1%
1 year+9.7%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QNXT
YearReturn barQNXT
2026 YTD+11.8%
2025+15.0%
2024−2.5%

History from Oct 24, 2024

QNXT in the news

QNXT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.71%Last 12 months
Payout per share
$0.22Last 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 8 payments from 2024 to 2026 YTD. Dec 17, 2024 $0.05; Mar 18, 2025 $0.04; Jun 16, 2025 $0.03; Sep 16, 2025 $0.04; Dec 16, 2025 $0.06; Mar 17, 2026 $0.05; Jun 15, 2026 $0.05; Sep 15, 2026 $0.05. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 15, 2026Sep 18, 2026$0.05
Jun 15, 2026Jun 18, 2026$0.05
Mar 17, 2026Mar 20, 2026$0.05
Dec 16, 2025Dec 19, 2025$0.06
Sep 16, 2025Sep 19, 2025$0.04
Jun 16, 2025Jun 20, 2025$0.03
Mar 18, 2025Mar 21, 2025$0.04
Dec 17, 2024Dec 20, 2024$0.05

$10,000 in QNXT 1 year ago paid $77.14 in dividends.

QNXT Risk

Risk pillarA72 out of 100Rank 1 of 10 in Nasdaq-100
How much the fund’s monthly returns vary, scaled to a year.
15.6%
Annualised · 24 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.58
vs 3-month T-bills · 24 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.3%
24 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.12
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QNXT Cost

Compare QNXT and IQQ

Overpaying vs IQQ, tied cheapest in Nasdaq-100

$2,049

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QNXT 0.20%

    $4,155

  • IQQ 0.10% Tied cheapest

    $2,106

$10,000
30 years

Cost over time

  • QNXT 0.20%
  • IQQ 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530QNXT $4,155IQQ $2,106

Year by year

YearQNXTIQQOverpaying
10$365$183$182
20$1,421$717$704
30$4,155$2,106$2,049

Other funds in Nasdaq-100

See others