iShares Nasdaq-100 ex Top 30 ETF
$31.08−0.15 (−0.48%)
- 0.20%
- $28M
- +15.5%
- 0.70%
- 0M sh
- $31.39
- low $25.51high $32.59
The ETF.net QNXT Grade
C
Score 55 out of 100
- 6 of 10
Score 55 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. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.C46 out of 100Rank 5 of 10Mission
Whether the fund did what it promised, tested against its stated mandate.A73 out of 100Rank 7 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 4 of 10Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 8 of 10Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 2 of 9Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 9 of 10
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
- 73
- 30%
- SHOP
Geography
- United States83.45%
- Netherlands6.07%
- Canada4.47%
- United Kingdom3.24%
- Uruguay1.79%
- Ireland0.99%
QNXT Performance
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$11,551
Returns run to the Oct 12, 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 | +13.8% |
| 1 month | +2.5% |
| 3 months | +0.4% |
| 1 year | +15.5% |
| 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 | +13.8% | |
| 2025 | +15.0% | |
| 2024 | −2.5% |
QNXT in the news
QNXT Dividends
- 0.70%
- $0.22
- $0.05 per share
- Quarterly
Distribution history
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.
- 0.63
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.
- 1.12
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
0.20%
QNXT0.20%
- The middle half of Nasdaq-100 funds
- Median 0.20%
4 of the 10 Nasdaq-100 funds charge less.
Other funds in Nasdaq-100
- AIQQiShares Nasdaq 100 ETFExpense ratio 0.12%1 year return —
- BQQMGInvesco ESG NASDAQ 100 ETFExpense ratio 0.20%1 year return +28.4%
- CQQQEDirexion NASDAQ-100 Equal Weighted Index ETFExpense ratio 0.35%1 year return +22.0%
- BQTOPiShares Nasdaq Top 30 Stocks ETFExpense ratio 0.20%1 year return +29.3%
- DQBIGInvesco Top QQQ ETFExpense ratio 0.38%1 year return +16.4%