iShares S&P 500 3% Capped ETF
$35.19−0.06 (−0.17%)
- 0.15%
- $34M
- +19.8%
- 1.01%
- 0M sh
- $35.29
- low $29.14high $35.63
The ETF.net TOPC Grade
B
Score 58 out of 100
- 8 of 14
Score 58 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.D39 out of 100Rank 9 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.A94 out of 100Rank 9 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 3 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D30 out of 100Rank 11 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 4 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 9 of 14
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
- 508
- 26%
- MSFT
Geography
- United States97.15%
- Ireland1.48%
- United Kingdom0.47%
- Switzerland0.35%
- Singapore0.32%
- Netherlands0.13%
- Bermuda0.08%
- 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.
Not enough history yet.Not enough history yet.Not enough history yet.
TOPC$11,975
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 | TOPC |
|---|---|
| Year to date | +14.6% |
| 1 month | +1.7% |
| 3 months | +2.0% |
| 1 year | +19.8% |
| 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 | +14.6% | |
| 2025 | +27.4% |
TOPC in the news
TOPC Dividends
- 1.01%
- $0.36
- $0.10 per share
- Quarterly
Distribution history
TOPC Risk
- 11.0%
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.
- 1.69
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.
- 0.90
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
0.15%
TOPC0.15%
- The middle half of S&P 500 funds
- Median 0.09%
8 of the 14 S&P 500 funds charge less.
Other funds in S&P 500
- BSTXFStrive 500 ETFExpense ratio 0.05%1 year return +20.3%
- BRSPInvesco S&P 500 Equal Weight ETFExpense ratio 0.20%1 year return +17.0%
- BSPXDDBX ETF Trust - Xtrackers S&P 500 Diversified Sector Weight ETFExpense ratio 0.09%1 year return +19.3%
- BSPYXState Street SPDR S&P 500 Fossil Fuel Reserves Free ETFExpense ratio 0.20%1 year return +19.5%
- CSSPYStratified LargeCap Index ETFExpense ratio 0.45%1 year return +18.0%