iShares S&P 500 3% Capped ETF
$34.94−0.19 (−0.55%)
- Expense ratio
- 0.15%
- Fund size
- $33M
- 1Y return
- +16.9%
- Yield · Last 12 months
- 1.02%
- Holdings
- 504
- Volume · 30D
- 0M sh
- NAV per share
- $35.10
- 52W range
The ETF.net TOPC Grade
Score 58 of 100 sits in the B 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.DScore 39Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 30Category 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.CScore 46Category rank
Our read on TOPC
BThe S&P 500 with a governor on its biggest engines. Same roughly 500 companies, but at each quarterly rebalance no single stock is allowed past 3% of the index. A middle lane between straight cap weighting and equal weight.
The fund seeks to track an index of S&P 500 companies while limiting each company's index weight to 3%.
Why people hold it
- One rule does all the work: at each quarterly rebalance no company may exceed a 3% index weight, so a handful of megacaps cannot set the tone for the whole portfolio.indexologyblog.comishares.com
- Costs less than the equal-weight route (0.15% versus RSP's 0.20%) and keeps cap weighting intact below the ceiling rather than flattening every name to the same size.
- No black box. Roughly 500 familiar large caps, a published capping rule from S&P you can check yourself, and cash paid out quarterly.spglobal.com
Worth knowing
- The ceiling has a price tag: 0.15% a year, while plain S&P 500 trackers like SPYM, VOO and IVV charge 0.02% to 0.03%.
- Launched in 2025, still small and thinly traded. That combination typically means wider bid-ask spreads than the household-name S&P 500 funds.
- The 3% limit is applied at quarterly rebalances, not continuously, so a fast-rising giant can drift above 3% between reset dates.indexologyblog.com
TOPC Holdings
- Stocks
- 504
- 25%
- AAPL
Geography
- United States97.13%
- Ireland1.46%
- United Kingdom0.46%
- Singapore0.36%
- Switzerland0.34%
- Netherlands0.14%
- Bermuda0.09%
- Canada0.02%
TOPC 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 | TOPC |
|---|---|
| Year to date | +14.3% |
| 1 month | +0.6% |
| 3 months | +2.7% |
| 1 year | +16.9% |
| 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 | TOPC |
|---|---|---|
| 2026 YTD | +14.3% | |
| 2025 | +27.4% |
TOPC in the news
ETF.net Research hasn’t filed on TOPC yet — coverage lands here as it’s written.
TOPC Dividends
- 1.02%
- $0.36
- $0.10 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 15, 2026 | Sep 18, 2026 | $0.10 |
| Jun 15, 2026 | Jun 18, 2026 | $0.09 |
| Mar 17, 2026 | Mar 20, 2026 | $0.07 |
| Dec 16, 2025 | Dec 19, 2025 | $0.10 |
| Sep 16, 2025 | Sep 19, 2025 | $0.10 |
| Jun 16, 2025 | Jun 20, 2025 | $0.05 |
TOPC Risk
- 11.1%
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.
- 1.85
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.
- −8.0%
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.
- 0.89
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TOPC Cost
- The middle half of S&P 500 funds
- Median 0.09%
8 of the 14 S&P 500 funds charge less.