QNXT vs QRMI
iShares Nasdaq-100 ex Top 30 ETF vs Global X NASDAQ 100 Risk Managed Income ETF
Which is better, QNXT or QRMI?
QNXT has been ahead.
QNXT has a lower expense ratio. QNXT led over 1Y and the full window. QNXT is less concentrated, with 30.2% of the fund in its ten largest positions against 48.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QNXT | QRMI |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.60% |
| AUM | $28M | $15M |
| Dividend Yield | 0.71% | 12.35% |
| Holdings | 73 | 107 |
| YTD Return | +11.95%Best | +4.65% |
| 1Y Return | +11.64%Best | +8.47% |
| 3Y Return (annualized) | - | +8.12% |
| 5Y Return (annualized) | - | +2.56% |
| Volatility (annualized) | 15.5% | 6.3%Best |
| Max Drawdown | -22.1% | -8.4%Best |
| $10,000 over 2 years | $12,638Best | $11,404 |
| Top 10 Weight | 30.2%Best | 48.7% |
| Fund Family | iShares by BlackRock (US) | GLOBALXETFS |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 23, 2024 | Aug 25, 2021 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 24, 2024 to Oct 14, 2026 (2 years).
QNXT vs QRMI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2 years both funds cover.
QNXT vs QRMI Performance
iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an ETF from iShares by BlackRock (US) and Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an ETF from GLOBALXETFS. Over the past year QNXT returned +11.64% while QRMI returned +8.47%. Year to date, QNXT is up 11.95% versus a gain of 4.65% for QRMI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QNXT has been the more volatile fund, with annualized monthly volatility of 15.5% compared with 6.3% for QRMI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for QNXT and -8.4% for QRMI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QNXT charges 0.20% per year while QRMI charges 0.60%. On a $10,000 position that is $20 vs $60 annually, a gap of $40 per year that compounds over a long holding period. On income, QNXT currently yields 0.71% against 12.35% for QRMI.
Holdings Overlap
95.9% of QNXT's money is in holdings QRMI also owns. 22.5% of QRMI's money is in holdings QNXT also owns.
Most of QNXT is already inside QRMI. Owning both mostly buys the same companies twice.
68 positions in common, counted across the 71 positions we hold weights for in QNXT and 101 in QRMI, against full books of 73 and 107.
What only one of them owns
Our book lists 32 positions for QRMI that do not appear in our book for QNXT (80.9% of the fund), and 1 for QNXT that do not appear in QRMI (0.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QNXT | Weight in QRMI | Difference |
|---|---|---|---|
| ADIAnalog Devices, Inc. | 3.66% | 0.85% | 2.81% |
| QCOMQualcomm Inc. | 3.57% | 0.83% | 2.74% |
| GILDGilead Sciences | 3.41% | 0.79% | 2.62% |
| SHOP:CAShopify Inc | 3.36% | 0.78% | 2.58% |
| WDCWestern Digital Corp. | 3.11% | 0.71% | 2.40% |
| ISRGIntuitive Surgical Inc. | 2.65% | 0.62% | 2.03% |
| FTNTFortinet Inc | 2.45% | 0.57% | 1.88% |
| VRTXNvaesrtex Pharmaceuticals Inc | 2.40% | 0.55% | 1.85% |
| ARMArm Holdings Plc Adr | 2.38% | 0.56% | 1.82% |
| BKNGBooking Holdings, Inc. | 2.25% | 0.52% | 1.73% |
95.9% of QNXT is already inside QRMI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QNXT or QRMI?
QNXT has an expense ratio of 0.20% while QRMI charges 0.60%. QNXT is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, QNXT or QRMI?
Over the past year QNXT returned +11.64% vs +8.47% for QRMI, so QNXT leads on 1-year performance. Over the longest common window we track (2 years), QNXT annualized +12.42% vs +6.79% for QRMI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QNXT or QRMI?
QNXT has been the more volatile fund at 15.5% annualized versus 6.3% for QRMI. Worst drawdown: QNXT -22.1% vs QRMI -8.4%.
Should I hold both QNXT and QRMI?
QNXT and QRMI have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between QNXT and QRMI?
95.9% of QNXT's money is in holdings QRMI also owns. 22.5% of QRMI's is in holdings QNXT also owns. They hold 68 positions in common, counted across the 71 positions we hold weights for in QNXT and 101 in QRMI.
Which pays a higher dividend, QNXT or QRMI?
QNXT yields 0.71% while QRMI yields 12.35%, so QRMI currently pays the higher dividend yield.
Is QRMI better than QNXT?
QNXT has a lower expense ratio. QNXT led over 1Y and the full window. QNXT is less concentrated, with 30.2% of the fund in its ten largest positions against 48.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.