IQQ vs QTOP: Grades, Fees and Holdings Compared

iShares Nasdaq 100 ETF

IQQANasdaq

iShares Nasdaq Top 30 Stocks ETF

QTOPCNasdaq

Overlap

76.2%by weight

Expense ratio

IQQ −0.10pt a year

IQQ0.10%QTOP0.20%

Avg volume · 30D

IQQ 7.1×the volume

IQQ1.08MQTOP152K

IQQ vs QTOP Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%IQQ+0.2%QTOP

Expense ratio: IQQ 0.10%, better; QTOP 0.20%
Fund size: IQQ $743M; QTOP $333M
1Y total return: IQQ No data; QTOP +9.7%
Yield (12M): IQQ No data; QTOP 0.34%
Holdings: IQQ 104; QTOP 33
Avg volume (30D): IQQ 1.08M sh, better; QTOP 152K sh
NAV per share: IQQ $23.36; QTOP $35.84
52W range

ETF.net Grade

Pillar letters and Scores for IQQ, QTOP, with each pillar’s weight
Pillar	IQQ	QTOP
Cost30% weight	A88Higher	C46
Mission25% weight	Not scored	A100
Risk15% weight	C49Higher	D33
Tradability15% weight	B65Higher	D35
Holdings10% weight	B61Higher	F16
Durability5% weight	B60Higher	C52

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. IQQ and QTOP 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 QTOP 7th 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 6BQNXTiShares Nasdaq-100 ex Top 30 ETFScore 56
Rank 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52
Rank 8CQQQEDirexion NASDAQ-100 Equal Weighted Index ETFScore 51

Our read on each fund

ETF.net Research

IQQAiShares Nasdaq 100 ETF

QTOPCiShares Nasdaq Top 30 Stocks ETF

In short

IQQ No data

QTOP QTOP is the Nasdaq-100 with the tail cut off: just the 30 biggest names, at 0.20% a year. A concentrated take on US mega-cap growth leadership, built on the iShares shelf.

Stated mandate

IQQ No data

QTOP The fund seeks to follow an index containing 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

QTOP Holds about 30 stocks, the largest Nasdaq-100 members by market cap, so the mega-cap leaders drive the portfolio instead of being diluted by the index's smaller names.ishares.com
0.20% a year, in line with the typical Nasdaq-100 tracker, for a portfolio that adds a screening and rebalancing step on top of the parent index.
What you buy is what the documents describe: the 30 largest Nasdaq-100 companies, US equity, no side bets. Distributions come quarterly.ishares.com

Worth knowing

IQQ No data

QTOP Concentration cuts both ways. With roughly 30 names weighted by size, one mega-cap stumble moves this fund more than it would move a 100-stock version.
The full Nasdaq-100 costs less elsewhere: QQQM charges 0.15% and QQQ 0.18% for the whole 100-stock index.
Launched in October 2024, so the record is short, and it changes hands less often than the category's household-name giants.

Full IQQ profile⁠

Full QTOP profile⁠

IQQ vs QTOP Holdings

How IQQ and QTOP differ

Overlap by weight

76.2%

Shared holdings make up 100% of QTOP and 76.2% of IQQ.

Level by level

Holdings31 in both76.2%
Countryby domicile97.3%
Asset classEquity100%

Sector

No Sector split for IQQ.

Country, concentration and asset class

Country by domicile

Country weights in IQQ and QTOP, widest gap first
Country	More in IQQMore in QTOP	IQQ	QTOP
United States	QTOP +2.7 points	97.3%	100.0%
Canada	IQQ +1.1 points	1.1%	0.0%
Netherlands	IQQ +0.9 points	0.9%	0.0%
Other countries (3)	IQQ +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

IQQ46.6%
QTOP60.4%

Securities held

IQQ101
QTOP31

Asset class

IQQ: Equity
QTOP: Equity

Holdings

Only in IQQ70
In both31
Only in QTOP0

Only in IQQ

70 securities, 23.8% of IQQ by weight

Gilead Sciences0.95%
Analog Devices0.90%
Shopify Subordinate Voting Class A0.86%
Qualcomm0.78%
Intuitive Surgical0.69%
Asml Holding Adr Representing0.67%
Vertex Pharmaceuticals0.64%
Western Digital Corp0.59%
Starbucks Corp0.53%
Automatic Data Processing Inc0.53%
Booking Holdings0.50%
Marriott International Class A0.47%
Adobe Inc0.45%
Fortinet0.45%
Csx0.43%
Constellation Energy Corp0.42%
Monster Beverage0.42%
Regeneron Pharmaceuticals0.41%
Cadence Design Systems0.41%
Intuit0.41%
Synopsys0.40%
Arm Holdings American Depositary’s0.40%
Moderna0.40%
Cintas0.40%
Mondelez International Class A0.37%
Comcast Class A0.37%
Mercadolibre0.36%
Datadog Inc Class A0.35%
Lumentum Holdings0.34%
Doordash Class A0.33%
Ross Stores Inc0.32%
Oreilly Automotive Inc0.32%
American Electric Power Inc0.32%
Applovin Class A0.31%
Airbnb Class A0.31%
Honeywell International Inc0.31%
Nxp Semiconductors NV0.29%
Diamondback Energy0.27%
Fastenal0.27%
Monolithic Power Systems Inc0.26%
Baker Hughes Class A0.25%
Paccar Inc0.24%
Autodesk0.24%
Pdd Holdings Ads0.24%
Xcel Energy Inc0.22%
Coca Cola Europacific Partners PLC0.22%
PayPal Holdings0.22%
Keurig Dr Pepper Inc0.22%
Honeywell Aerospace Inc0.22%
Exelon Corp0.21%

Only in QTOP

0 securities, 0.0% of QTOP by weight

Weight gaps

All 31 Holdings in both funds, largest gap first.

Holding weights in IQQ and QTOP, widest gap first
Holding	More in IQQMore in QTOP	IQQ	QTOP
AppleAAPL	QTOP +2.54 points	8.18%	10.72%
NVIDIANVDA	QTOP +2.51 points	8.01%	10.52%
MicrosoftMSFT	QTOP +1.96 points	6.30%	8.26%
Micron TechnologyMU	QTOP +1.40 points	4.48%	5.88%
Advanced Micro DevicesAMD	QTOP +1.28 points	3.69%	4.97%
Tesla IncTSLA	QTOP +1.17 points	3.42%	4.59%
Meta Platforms Class AMETA	QTOP +1.02 points	2.97%	3.99%
WalmartWMT	QTOP +0.92 points	2.70%	3.62%
Space Exploration Technologies CorSPCX	QTOP +0.90 points	2.59%	3.49%
Broadcom IncAVGO	QTOP +0.87 points	2.52%	3.39%
Alphabet Class AGOOGL	QTOP +0.83 points	2.67%	3.50%
Alphabet Class CGOOG	QTOP +0.78 points	2.50%	3.28%
Costco Wholesale CorpCOST	QTOP +0.68 points	2.02%	2.70%
Palantir Technologies Class APLTR	QTOP +0.65 points	1.90%	2.55%
Cisco Systems IncCSCO	QTOP +0.63 points	1.85%	2.48%
Intel CorporationINTC	QTOP +0.53 points	1.55%	2.08%
Applied Material IncAMAT	QTOP +0.49 points	1.38%	1.87%
Lam ResearchLRCX	QTOP +0.46 points	1.34%	1.80%
Palo Alto NetworksPANW	QTOP +0.47 points	1.33%	1.80%
Texas InstrumentTXN	QTOP +0.43 points	1.23%	1.66%
NetflixNFLX	QTOP +0.40 points	1.16%	1.56%
Crowdstrike Holdings Class ACRWD	QTOP +0.40 points	1.15%	1.55%
Amgen IncAMGN	QTOP +0.38 points	1.14%	1.52%
Linde PLCLIN	QTOP +0.38 points	1.05%	1.43%
KlaKLAC	QTOP +0.31 points	0.93%	1.24%
PepsicoPEP	QTOP +0.29 points	0.84%	1.13%
SandiskSNDK	QTOP +0.27 points	0.75%	1.02%
Marvell TechnologyMRVL	QTOP +0.26 points	0.78%	1.04%
T Mobile Us IncTMUS	QTOP +0.26 points	0.75%	1.01%
Seagate Technology Holdings PLCSTX	QTOP +0.22 points	0.66%	0.88%
Amazon.com IncAMZN	QTOP +0.10 points	4.21%	4.31%

All 101 IQQ holdings⁠All 31 QTOP 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 QTOP Cost

Overpaying QTOP vs IQQ

$2,049

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

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

Amount$10,000

Years30 years

Cost over time

IQQ 0.10%
QTOP 0.20%
Overpaying

Year by year

Year	IQQ	QTOP	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%QTOP

IQQ0.10%QTOP0.20%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

IQQ cheapest of 10 funds

QTOP 5th cheapest of 10 funds

IQQ vs QTOP Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IQQ No data; QTOP 0.34%
Payout (12M): IQQ No data; QTOP $0.12
Last payment: IQQ $0.02; QTOP $0.03
Ex-dividend: IQQ Sep 15, 2026; QTOP Sep 15, 2026
Paid on: IQQ Sep 18, 2026; QTOP Sep 18, 2026
Frequency: IQQ Irregular; QTOP Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

IQQIrregular · 1 paymentAll IQQ payments⁠

QTOPQuarterly · 8 paymentsAll QTOP payments⁠

IQQ vs QTOP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IQQ No dataQTOP 21.4%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: IQQ No dataQTOP 0.84since Nov 2024
Worst fallMax drawdown, 5 years: IQQ No dataQTOP −23.3%since Oct 2024
Market sensitivityBeta, 5 years: IQQ 1.94QTOP 1.39; Market = 1

IQQ and QTOP in the news

All news⁠

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

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IQQ vs QTOP

In short

Stated mandate

Why people hold it

Worth knowing

How IQQ and QTOP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IQQ

Only in QTOP

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 QTOP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IQQ

Only in QTOP

Weight gaps