QQA vs QTOP
Invesco QQQ Income Advantage ETF vs iShares Nasdaq Top 30 Stocks ETF
Which is better, QQA or QTOP?
Nearly the same fund. QTOP costs less.
QTOP has a lower expense ratio. QTOP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. QQA is less concentrated, with 52.9% of the fund in its ten largest positions against 59.3%.
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 | QQA | QTOP |
|---|---|---|
| Expense Ratio | 0.29% | 0.20%Best |
| AUM | $937M | $362M |
| Dividend Yield | 9.80% | 0.32% |
| Holdings | 246 | 35 |
| YTD Return | +15.40% | +20.85%Best |
| 1Y Return | +17.73% | +24.48%Best |
| Volatility (annualized) | 13.2%Best | 20.2% |
| Max Drawdown | -19.7%Best | -23.1% |
| $10,000 over 2 years | $14,223 | $15,750Best |
| Top 10 Weight | 52.9%Best | 59.3% |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 17, 2024 | Oct 24, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
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).
QQA vs QTOP 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.
QQA vs QTOP Performance
Invesco QQQ Income Advantage ETF (QQA) is an ETF from Invesco (US) and iShares Nasdaq Top 30 Stocks ETF (QTOP) is an ETF from iShares by BlackRock (US). Over the past year QQA returned +17.73% while QTOP returned +24.48%. Year to date, QQA is up 15.40% versus a gain of 20.85% for QTOP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QTOP has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 13.2% for QQA. 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 -19.7% for QQA and -23.1% for QTOP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQA charges 0.29% per year while QTOP charges 0.20%. On a $10,000 position that is $29 vs $20 annually, a gap of $9 per year that compounds over a long holding period. On income, QQA currently yields 9.80% against 0.32% for QTOP.
Holdings Overlap
57.6% of QQA's money is in holdings QTOP also owns. 97.2% of QTOP's money is in holdings QQA also owns.
Most of QTOP is already inside QQA. Owning both mostly buys the same companies twice.
29 positions in common, counted across the 112 positions we hold weights for in QQA and 32 in QTOP, against full books of 246 and 35.
What only one of them owns
Our book lists 2 positions for QTOP that do not appear in our book for QQA (1.6% of the fund), and 71 for QQA that do not appear in QTOP (37.2%).
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 QQA | Weight in QTOP | Difference |
|---|---|---|---|
| NVDANvidia Corp | 6.42% | 10.82% | 4.40% |
| AAPLApple, Inc | 5.54% | 9.38% | 3.84% |
| MSFTMicrosoft Corp | 4.37% | 7.41% | 3.04% |
| MUMicron Technology, Inc. | 3.81% | 6.65% | 2.84% |
| AMDAdvanced Micro Devices Inc | 3.25% | 5.53% | 2.28% |
| AMZNAmazon.Com Inc | 3.09% | 4.06% | 0.97% |
| METAMeta Platforms Inc | 2.46% | 4.30% | 1.84% |
| GOOGLAlphabet Inc | 2.29% | 3.86% | 1.57% |
| TSLATesla Inc | 2.22% | 3.71% | 1.49% |
| GOOGAlphabet Inc. C | 2.14% | 3.60% | 1.46% |
97.2% of QTOP is already inside QQA.
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, QQA or QTOP?
QQA has an expense ratio of 0.29% while QTOP charges 0.20%. QTOP is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, QQA or QTOP?
Over the past year QQA returned +17.73% vs +24.48% for QTOP, so QTOP leads on 1-year performance. Over the longest common window we track (2 years), QQA annualized +19.26% vs +25.50% for QTOP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQA or QTOP?
QTOP has been the more volatile fund at 20.2% annualized versus 13.2% for QQA. Worst drawdown: QQA -19.7% vs QTOP -23.1%.
Should I hold both QQA and QTOP?
QQA and QTOP have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between QQA and QTOP?
97.2% of QTOP's money is in holdings QQA also owns. 97.2% of QTOP's is in holdings QQA also owns. They hold 29 positions in common, counted across the 112 positions we hold weights for in QQA and 32 in QTOP.
Which pays a higher dividend, QQA or QTOP?
QQA yields 9.80% while QTOP yields 0.32%, so QQA currently pays the higher dividend yield.
Is QTOP better than QQA?
QTOP has a lower expense ratio. QTOP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. QQA is less concentrated, with 52.9% of the fund in its ten largest positions against 59.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.