iShares Nasdaq-100 ex Top 30 ETF
$31.07−0.26 (−0.82%)
- Expense ratio
- 0.20%
- Fund size
- $28M
- 1Y return
- +14.0%
- Yield · Last 12 months
- 0.69%
- Holdings
- 70
- Volume · 30D
- 0M sh
- NAV per share
- $31.02
- 52W range
The ETF.net QNXT Grade
Score 55 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 46Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 74Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
Our read on QNXT
CThe 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.
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 Holdings
- Stocks
- 70
- 29%
- QCOM
Geography
- United States84.59%
- Netherlands5.81%
- Canada3.72%
- United Kingdom3.11%
- Uruguay1.75%
- Ireland1.02%
QNXT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | QNXT |
|---|---|
| Year to date | +14.2% |
| 1 month | −2.7% |
| 3 months | −0.4% |
| 1 year | +14.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QNXT |
|---|---|---|
| 2026 YTD | +14.2% | |
| 2025 | +15.0% | |
| 2024 | −2.5% |
QNXT in the news
ETF.net Research hasn’t filed on QNXT yet — coverage lands here as it’s written.
QNXT Dividends
- 0.69%
- $0.22
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.05 |
| Jun 15, 2026 | Jun 18, 2026 | $0.05 |
| Mar 17, 2026 | Mar 20, 2026 | $0.05 |
| Dec 16, 2025 | Dec 19, 2025 | $0.06 |
| Sep 16, 2025 | Sep 19, 2025 | $0.04 |
| Jun 16, 2025 | Jun 20, 2025 | $0.03 |
| Mar 18, 2025 | Mar 21, 2025 | $0.04 |
| Dec 17, 2024 | Dec 20, 2024 | $0.05 |
QNXT Risk
- 15.9%
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.
- 0.76
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.
- −22.3%
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.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QNXT Cost
- The middle half of Nasdaq-100 funds
- Median 0.20%
4 of the 10 Nasdaq-100 funds charge less.