Skip to content
etf.net

QQQ vs QTOP

Invesco QQQ Trust, Series 1

QQQANasdaq

iShares Nasdaq Top 30 Stocks ETF

QTOPCNasdaq

Overlap

Expense ratio

QQQ −0.02pt a year

QQQ0.18%QTOP0.20%

Avg volume · 30D

QQQ 243.5×the volume

QQQ37MQTOP152K

QQQ vs QTOP Performance

Oct 31, 2025 – Oct 30, 2026

+10.3%QQQ+9.7%QTOP

Oct 31, 2025 to Oct 30, 2026. QQQ +10.3%. QTOP +9.7%. Use the arrow keys to read each point.−10%0%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQ 0.18%, better
QTOP 0.20%
Fund size
QQQ $464B
QTOP $333M
1Y total return
QQQ +10.3%, better
QTOP +9.7%
Yield (12M)
QQQ 0.45%, better
QTOP 0.34%
Holdings
QQQ 105
QTOP 33
Avg volume (30D)
QQQ 37M sh, better
QTOP 152K sh
NAV per share
QQQ $690.49
QTOP $35.84
52W range

ETF.net Grade

QQQ: Cost 64, Risk 51, Mission 100, Tradability 95, Holdings 61, Durability 81. QTOP: Cost 46, Risk 33, Mission 100, Tradability 35, Holdings 16, Durability 52.
Pillar letters and Scores for QQQ, QTOP, with each pillar’s weight
PillarQQQQTOP
Cost30% weightB64HigherC46
Mission25% weightA100A100
Risk15% weightC51HigherD33
Tradability15% weightA95HigherD35
Holdings10% weightB61HigherF16
Durability5% weightA81HigherC52

Rank among Nasdaq-100 funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QQQ 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 ›

QQQ ranks 2nd and QTOP 7th of 10 funds in the Nasdaq-100 Category.

  1. Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
  2. Rank 2AQQQInvesco QQQ Trust, Series 1Score 76
  3. Rank 3AIQQiShares Nasdaq 100 ETFScore 70
  4. Rank 6BQNXTiShares Nasdaq-100 ex Top 30 ETFScore 56
  5. Rank 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52
  6. Rank 8CQQQEDirexion NASDAQ-100 Equal Weighted Index ETFScore 51

Our read on each fund

ETF.net Research

QQQAInvesco QQQ Trust, Series 1

QTOPCiShares Nasdaq Top 30 Stocks ETF

In short

QQQ The 1999 original. QQQ tracks the Nasdaq-100, roughly 100 of the largest non-financial companies listed on the Nasdaq, and has become one of the most heavily traded funds on the market.

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

QQQ The trust is designed to match the pre-expense investment performance of the Nasdaq-100 Index.

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

  • QQQ Launched in 1999, it is one of the longest-running ETFs in the US and one of the most actively traded, which usually means tight spreads and easy fills at size.
  • The mandate is simple: match the Nasdaq-100 before expenses. Tracking has stayed about as close to the index as this structure allows.
  • At 0.18%, the fee sits below the typical Nasdaq-100 tracker, and the fund is one of the largest ETFs in existence.
  • The index screens out financial companies, so you own Nasdaq-listed tech, consumer and healthcare heavyweights rather than a broad slice of the market.nasdaq.com
  • 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

  • QQQ Invesco's own QQQM follows the same index for 0.15%. QQQ's edge is trading depth, not price.
  • About 100 market-cap-weighted names with no financials: the biggest few carry a lot of the index, and sector swings land harder than in a total-market fund.nasdaq.com
  • Income is a side effect here, not the point. Distributions are paid quarterly and the index leans toward growth companies.nasdaq.com
  • 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 QQQ profile⁠

Full QTOP profile⁠

QQQ vs 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.

QQQ vs QTOP Cost

Overpaying QTOP vs QQQ

$406

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

  • QQQ 0.18%

    $3,749

  • QTOP 0.20%

    $4,155

$10,000
30 years

Cost over time

  • QQQ 0.18%
  • QTOP 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530QTOP $4,155QQQ $3,749

Year by year

YearQQQQTOPOverpaying
10$328$365$37
20$1,281$1,421$140
30$3,749$4,155$406

Expense ratio

  • 0.18%QQQ, cheaper
  • 0.20%QTOP
  • Middle half of Nasdaq-100 funds
  • Median 0.20%

QQQ 4th cheapest of 10 funds

QTOP 5th cheapest of 10 funds

QQQ vs QTOP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQ 0.45%, better
QTOP 0.34%
Payout (12M)
QQQ $3.09
QTOP $0.12
Last payment
QQQ $0.75
QTOP $0.03
Ex-dividend
QQQ Sep 21, 2026
QTOP Sep 15, 2026
Paid on
QQQ Oct 8, 2026
QTOP Sep 18, 2026
Frequency
QQQ Quarterly
QTOP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QQQQuarterly · 40 paymentsAll QQQ payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.27; Jun 16, 2017 $0.38; Sep 18, 2017 $0.32; Dec 18, 2017 $0.33; Mar 19, 2018 $0.28; Jun 18, 2018 $0.38; Sep 24, 2018 $0.33; Dec 24, 2018 $0.42; Mar 18, 2019 $0.32; Jun 24, 2019 $0.42; Sep 23, 2019 $0.38; Dec 23, 2019 $0.46; Mar 23, 2020 $0.36; Jun 22, 2020 $0.42; Sep 21, 2020 $0.39; Dec 21, 2020 $0.56; Mar 22, 2021 $0.39; Jun 21, 2021 $0.40; Sep 20, 2021 $0.41; Dec 20, 2021 $0.49; Mar 21, 2022 $0.43; Jun 21, 2022 $0.53; Sep 19, 2022 $0.52; Dec 19, 2022 $0.66; Mar 20, 2023 $0.47; Jun 20, 2023 $0.50; Sep 18, 2023 $0.54; Dec 18, 2023 $0.81; Dec 27, 2023 $0.22; Mar 18, 2024 $0.57; Jun 24, 2024 $0.76; Sep 23, 2024 $0.68; Dec 23, 2024 $0.83; Mar 24, 2025 $0.72; Jun 23, 2025 $0.59; Sep 22, 2025 $0.69; Dec 22, 2025 $0.79; Mar 23, 2026 $0.73; Jun 22, 2026 $0.81; Sep 21, 2026 $0.75. Use the arrow keys to read each point.$0$0.502017202020232026YTD
QTOPQuarterly · 8 paymentsAll QTOP payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 17, 2024 $0.03; Mar 18, 2025 $0.03; Jun 16, 2025 $0.03; Sep 16, 2025 $0.03; Dec 16, 2025 $0.03; Mar 17, 2026 $0.03; Jun 15, 2026 $0.03; Sep 15, 2026 $0.03. Use the arrow keys to read each point.$0$0.502017202020232026YTD

QQQ vs QTOP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQQ 17.8%QTOP 21.4%since Nov 2024
Return per unit of riskSharpe ratio, 3 years
QQQ 1.14QTOP 0.84since Nov 2024
Worst fallMax drawdown, 5 years
QQQ −35.1%QTOP −23.3%since Oct 2024
Market sensitivityBeta, 5 years
QQQ 1.23QTOP 1.39

QQQ and QTOP in the news

All news⁠

Popular comparisons

  • QQQAvsQQQMA

    Invesco QQQ Trust, Series 1 · Invesco NASDAQ 100 ETF

    Expense ratio
    0.18% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QTOPCvsQQQMA

    iShares Nasdaq Top 30 Stocks ETF · Invesco NASDAQ 100 ETF

    Expense ratio
    0.20% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQAvsIQQA

    Invesco QQQ Trust, Series 1 · iShares Nasdaq 100 ETF

    Expense ratio
    0.18% · 0.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QTOPCvsIQQA

    iShares Nasdaq Top 30 Stocks ETF · iShares Nasdaq 100 ETF

    Expense ratio
    0.20% · 0.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQAvsQNDXB

    Invesco QQQ Trust, Series 1 · State Street SPDR Portfolio Nasdaq 100 ETF

    Expense ratio
    0.18% · 0.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QTOPCvsQNDXB

    iShares Nasdaq Top 30 Stocks ETF · State Street SPDR Portfolio Nasdaq 100 ETF

    Expense ratio
    0.20% · 0.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.