IQQ vs QNXT: Grades, Fees and Holdings Compared

iShares Nasdaq 100 ETF

IQQANasdaq

iShares Nasdaq-100 ex Top 30 ETF

QNXTBNasdaq

Overlap

23.6%by weight

Expense ratio

IQQ −0.10pt a year

IQQ0.10%QNXT0.20%

Avg volume · 30D

IQQ 168.0×the volume

IQQ1.08MQNXT6.41K

IQQ vs QNXT Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%IQQ+0.1%QNXT

Expense ratio: IQQ 0.10%, better; QNXT 0.20%
Fund size: IQQ $743M; QNXT $28M
1Y total return: IQQ No data; QNXT +9.7%
Yield (12M): IQQ No data; QNXT 0.71%
Holdings: IQQ 104; QNXT 72
Avg volume (30D): IQQ 1.08M sh, better; QNXT 6.41K sh
NAV per share: IQQ $23.36; QNXT $30.66
52W range

ETF.net Grade

Pillar letters and Scores for IQQ, QNXT, with each pillar’s weight
Pillar	IQQ	QNXT
Cost30% weight	A88Higher	C46
Mission25% weight	Not scored	A72
Risk15% weight	C49	A72Higher
Tradability15% weight	B65Higher	D33
Holdings10% weight	B61	A77Higher
Durability5% weight	B60Higher	D36

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. IQQ and QNXT are both graded against the same 10 Nasdaq-100 funds, so their Grades compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

IQQ ranks 3rd and QNXT 6th of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 76
Rank 3AIQQiShares Nasdaq 100 ETFScore 70
Rank 4BQNDXState Street SPDR Portfolio Nasdaq 100 ETFScore 67
Rank 5BQQMGInvesco ESG NASDAQ 100 ETFScore 59
Rank 6BQNXTiShares Nasdaq-100 ex Top 30 ETFScore 56
Rank 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52

Our read on each fund

ETF.net Research

IQQAiShares Nasdaq 100 ETF

QNXTBiShares Nasdaq-100 ex Top 30 ETF

In short

IQQ No data

QNXT The 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

IQQ No data

QNXT 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

IQQ No data

QNXT 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

IQQ No data

QNXT 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.

Full IQQ profile⁠

Full QNXT profile⁠

IQQ vs QNXT Holdings

How IQQ and QNXT differ

Overlap by weight

23.6%

Shared holdings make up 100% of QNXT and 23.6% of IQQ.

Level by level

Holdings69 in both23.6%
Countryby domicile90.9%
Asset classEquity100%

Sector

No Sector split for IQQ and QNXT.

Country, concentration and asset class

Country by domicile

Country weights in IQQ and QNXT, widest gap first
Country	More in IQQMore in QNXT	IQQ	QNXT
United States	IQQ +9.1 points	97.3%	88.2%
Canada	QNXT +3.5 points	1.1%	4.6%
Netherlands	QNXT +2.8 points	0.9%	3.7%
Brazil	QNXT +1.2 points	0.4%	1.6%
China	QNXT +0.8 points	0.2%	1.0%
United Kingdom	QNXT +0.7 points	0.2%	0.9%

Concentration

Weight in the 10 largest Holdings

IQQ46.6%
QNXT30.3%

Securities held

IQQ101
QNXT69

Asset class

IQQ: Equity
QNXT: Equity

Holdings

Only in IQQ32
In both69
Only in QNXT0

Only in IQQ

32 securities, 76.4% of IQQ by weight

Apple8.18%
NVIDIA8.01%
Microsoft6.30%
Micron Technology4.48%
Amazon.com Inc4.21%
Advanced Micro Devices3.69%
Tesla Inc3.42%
Meta Platforms Class A2.97%
Walmart2.70%
Alphabet Class A2.67%
Space Exploration Technologies Cor2.59%
Broadcom Inc2.52%
Alphabet Class C2.50%
Costco Wholesale Corp2.02%
Palantir Technologies Class A1.90%
Cisco Systems Inc1.85%
Intel Corporation1.55%
Applied Material Inc1.38%
Lam Research1.34%
Palo Alto Networks1.33%
Texas Instrument1.23%
Netflix1.16%
Crowdstrike Holdings Class A1.15%
Amgen Inc1.14%
Linde PLC1.05%
Kla0.93%
Pepsico0.84%
Marvell Technology0.78%
T Mobile Us Inc0.75%
Sandisk0.75%
Seagate Technology Holdings PLC0.66%
Moderna0.40%

Only in QNXT

0 securities, 0.0% of QNXT by weight

Weight gaps

All 69 Holdings in both funds, largest gap first.

Holding weights in IQQ and QNXT, widest gap first
Holding	More in IQQMore in QNXT	IQQ	QNXT
Gilead SciencesGILD	QNXT +3.10 points	0.95%	4.05%
Analog DevicesADI	QNXT +2.96 points	0.90%	3.86%
Shopify Subordinate Voting Class ASHOP	QNXT +2.78 points	0.86%	3.64%
QualcommQCOM	QNXT +2.53 points	0.78%	3.31%
Intuitive SurgicalISRG	QNXT +2.23 points	0.69%	2.92%
Asml Holding Adr RepresentingASML	QNXT +2.14 points	0.67%	2.81%
Vertex PharmaceuticalsVRTX	QNXT +2.07 points	0.64%	2.71%
Western Digital CorpWDC	QNXT +1.93 points	0.59%	2.52%
Starbucks CorpSBUX	QNXT +1.73 points	0.53%	2.26%
Automatic Data Processing IncADP	QNXT +1.70 points	0.53%	2.23%
Booking HoldingsBKNG	QNXT +1.63 points	0.50%	2.13%
Marriott International Class AMAR	QNXT +1.52 points	0.47%	1.99%
FortinetFTNT	QNXT +1.46 points	0.45%	1.91%
Adobe IncADBE	QNXT +1.45 points	0.45%	1.90%
CsxCSX	QNXT +1.41 points	0.43%	1.84%
Regeneron PharmaceuticalsREGN	QNXT +1.39 points	0.41%	1.80%
IntuitINTU	QNXT +1.37 points	0.41%	1.78%
Constellation Energy CorpCEG	QNXT +1.36 points	0.42%	1.78%
Monster BeverageMNST	QNXT +1.35 points	0.42%	1.77%
Arm Holdings American Depositary’sARM	QNXT +1.32 points	0.40%	1.72%
Cadence Design SystemsCDNS	QNXT +1.32 points	0.41%	1.73%
SynopsysSNPS	QNXT +1.31 points	0.40%	1.71%
CintasCTAS	QNXT +1.28 points	0.40%	1.68%
MercadolibreMELI	QNXT +1.22 points	0.36%	1.58%
Mondelez International Class AMDLZ	QNXT +1.22 points	0.37%	1.59%
Comcast Class ACMCSA	QNXT +1.20 points	0.37%	1.57%
Datadog Inc Class ADDOG	QNXT +1.16 points	0.35%	1.51%
Lumentum HoldingsLITE	QNXT +1.10 points	0.34%	1.44%
Ross Stores IncROST	QNXT +1.08 points	0.32%	1.40%
Doordash Class ADASH	QNXT +1.07 points	0.33%	1.40%
Oreilly Automotive IncORLY	QNXT +1.04 points	0.32%	1.36%
American Electric Power IncAEP	QNXT +1.04 points	0.32%	1.36%
Honeywell International IncHON	QNXT +1.01 points	0.31%	1.32%
Applovin Class AAPP	QNXT +1.02 points	0.31%	1.33%
Airbnb Class AABNB	QNXT +1.01 points	0.31%	1.32%
Nxp Semiconductors NVNXPI	QNXT +0.96 points	0.29%	1.25%
Monolithic Power Systems IncMPWR	QNXT +0.88 points	0.26%	1.14%
FastenalFAST	QNXT +0.87 points	0.27%	1.14%
Diamondback EnergyFANG	QNXT +0.87 points	0.27%	1.14%
Baker Hughes Class ABKR	QNXT +0.80 points	0.25%	1.05%
Paccar IncPCAR	QNXT +0.79 points	0.24%	1.03%
Pdd Holdings AdsPDD	QNXT +0.76 points	0.24%	1.00%
AutodeskADSK	QNXT +0.76 points	0.24%	1.00%
Xcel Energy IncXEL	QNXT +0.73 points	0.22%	0.95%
Coca Cola Europacific Partners PLCCCEP	QNXT +0.72 points	0.22%	0.94%
Honeywell Aerospace IncHONA	QNXT +0.71 points	0.22%	0.93%
Keurig Dr Pepper IncKDP	QNXT +0.71 points	0.22%	0.93%
PayPal HoldingsPYPL	QNXT +0.71 points	0.22%	0.93%
Exelon CorpEXC	QNXT +0.70 points	0.21%	0.91%
Strategy Inc Class AMSTR	QNXT +0.70 points	0.21%	0.91%
Roper TechnologiesROP	QNXT +0.68 points	0.20%	0.88%
Astera LabsALAB	QNXT +0.66 points	0.20%	0.86%
Thomson Reuters CorpTRI	QNXT +0.65 points	0.20%	0.85%
Idexx LaboratoriesIDXX	QNXT +0.64 points	0.19%	0.83%
TeradyneTER	QNXT +0.62 points	0.20%	0.82%
Microchip Technology IncMCHP	QNXT +0.61 points	0.19%	0.80%
Ferrovial NVFER	QNXT +0.59 points	0.18%	0.77%
PaychexPAYX	QNXT +0.58 points	0.18%	0.76%
Workday Class AWDAY	QNXT +0.57 points	0.17%	0.74%
Nebius NV Class ANBIS	QNXT +0.54 points	0.16%	0.70%
Old Dominion Freight LineODFL	QNXT +0.52 points	0.16%	0.68%
Take Two Interactive SoftwareTTWO	QNXT +0.52 points	0.16%	0.68%
Axon EnterpriseAXON	QNXT +0.52 points	0.15%	0.67%
Ge Healthcare TechnologiesGEHC	QNXT +0.50 points	0.16%	0.66%
Rocket Lab CorpRKLB	QNXT +0.48 points	0.15%	0.63%
Dexcom IncDXCM	QNXT +0.45 points	0.14%	0.59%
Copart IncCPRT	QNXT +0.40 points	0.13%	0.53%
Coreweave Class ACRWV	QNXT +0.37 points	0.11%	0.48%
Alnylam PharmaceuticalsALNY	QNXT +0.32 points	0.10%	0.42%

All 101 IQQ holdings⁠All 69 QNXT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IQQ vs QNXT Cost

Overpaying QNXT vs IQQ

$2,049

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

IQQ 0.10%
$2,106
QNXT 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

IQQ 0.10%
QNXT 0.20%
Overpaying

Year by year

Year	IQQ	QNXT	Overpaying
10	$183	$365	$182
20	$717	$1,421	$704
30	$2,106	$4,155	$2,049

Expense ratio

0.10%IQQ, cheaper
0.20%QNXT

IQQ0.10%QNXT0.20%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

IQQ cheapest of 10 funds

QNXT 5th cheapest of 10 funds

IQQ vs QNXT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IQQ No data; QNXT 0.71%
Payout (12M): IQQ No data; QNXT $0.22
Last payment: IQQ $0.02; QNXT $0.05
Ex-dividend: IQQ Sep 15, 2026; QNXT Sep 15, 2026
Paid on: IQQ Sep 18, 2026; QNXT Sep 18, 2026
Frequency: IQQ Irregular; QNXT Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

IQQIrregular · 1 paymentAll IQQ payments⁠

QNXTQuarterly · 8 paymentsAll QNXT payments⁠

IQQ vs QNXT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQQ No dataQNXT 15.6%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: IQQ No dataQNXT 0.58since Nov 2024
Worst fallMax drawdown, 5 years: IQQ No dataQNXT −22.3%since Oct 2024
Market sensitivityBeta, 5 years: IQQ 1.94QNXT 1.12; Market = 1

IQQ and QNXT in the news

All news⁠

Category Rankings
The funds most people hold lost money in September as gains stayed narrow
Updated Oct 2, 2026QNXT

Popular comparisons

IQQAvsQQQMA
iShares Nasdaq 100 ETF · Invesco NASDAQ 100 ETF
Expense ratio
0.10% · 0.15%
Category
QNXTBvsQQQMA
iShares Nasdaq-100 ex Top 30 ETF · Invesco NASDAQ 100 ETF
Expense ratio
0.20% · 0.15%
Category
IQQAvsQQQA
iShares Nasdaq 100 ETF · Invesco QQQ Trust, Series 1
Expense ratio
0.10% · 0.18%
Category
QNXTBvsQQQA
iShares Nasdaq-100 ex Top 30 ETF · Invesco QQQ Trust, Series 1
Expense ratio
0.20% · 0.18%
Category
IQQAvsQNDXB
iShares Nasdaq 100 ETF · State Street SPDR Portfolio Nasdaq 100 ETF
Expense ratio
0.10% · 0.10%
Category
QNXTBvsQNDXB
iShares Nasdaq-100 ex Top 30 ETF · State Street SPDR Portfolio Nasdaq 100 ETF
Expense ratio
0.20% · 0.10%
Category

IQQ vs QNXT

In short

Stated mandate

Why people hold it

Worth knowing

How IQQ and QNXT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IQQ

Only in QNXT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The funds most people hold lost money in September as gains stayed narrow

How IQQ and QNXT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IQQ

Only in QNXT

Weight gaps