QTOP vs TEC
iShares Nasdaq Top 30 Stocks ETF vs Harbor Transformative Technologies ETF
Which is better, QTOP or TEC?
Nearly the same fund. QTOP costs less.
QTOP has a lower expense ratio. QTOP led over 1Y, TEC over the full window. The two have moved almost in lockstep, correlation 0.98. TEC is less concentrated, with 50.9% 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 | QTOP | TEC |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.69% |
| AUM | $362M | $7M |
| Dividend Yield | 0.32% | 0.00% |
| Holdings | 35 | 88 |
| YTD Return | +20.85%Best | +20.68% |
| 1Y Return | +24.48%Best | +22.30% |
| Volatility (annualized) | 21.3%Best | 21.8% |
| Max Drawdown | -13.0%Best | -17.5% |
| $10,000 over 1.5 years | $17,314 | $17,518Best |
| Top 10 Weight | 59.3% | 50.9%Best |
| Fund Family | iShares by BlackRock (US) | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 24, 2024 | Apr 16, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 17, 2025 to Oct 14, 2026 (1.5 years).
QTOP vs TEC 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 1.5 years both funds cover.
QTOP vs TEC Performance
iShares Nasdaq Top 30 Stocks ETF (QTOP) is an ETF from iShares by BlackRock (US) and Harbor Transformative Technologies ETF (TEC) is an ETF from Harbor Funds. Over the past year QTOP returned +24.48% while TEC returned +22.30%. Year to date, QTOP is up 20.85% versus a gain of 20.68% for TEC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TEC has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 21.3% for QTOP. 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 -13.0% for QTOP and -17.5% for TEC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QTOP charges 0.20% per year while TEC charges 0.69%. On a $10,000 position that is $20 vs $69 annually, a gap of $49 per year that compounds over a long holding period. On income, QTOP currently yields 0.32% against 0.00% for TEC.
Holdings Overlap
72.0% of QTOP's money is in holdings TEC also owns. 60.8% of TEC's money is in holdings QTOP also owns.
Most of QTOP is already inside TEC. Owning both mostly buys the same companies twice.
16 positions in common, counted across the 32 positions we hold weights for in QTOP and 44 in TEC, against full books of 35 and 88.
What only one of them owns
Our book lists 23 positions for TEC that do not appear in our book for QTOP (29.6% of the fund), and 15 for QTOP that do not appear in TEC (26.7%).
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 QTOP | Weight in TEC | Difference |
|---|---|---|---|
| NVDANvidia Corp | 10.82% | 6.86% | 3.96% |
| AAPLApple, Inc | 9.38% | 7.92% | 1.46% |
| MSFTMicrosoft Corp | 7.41% | 5.88% | 1.53% |
| AMDAdvanced Micro Devices Inc | 5.53% | 5.24% | 0.29% |
| MUMicron Technology, Inc. | 6.65% | 3.34% | 3.31% |
| GOOGLAlphabet Inc | 3.86% | 5.50% | 1.64% |
| AMZNAmazon.Com Inc | 4.06% | 4.98% | 0.92% |
| METAMeta Platforms Inc | 4.30% | 3.15% | 1.15% |
| LRCXLrcx Uw Equity | 2.34% | 4.38% | 2.04% |
| AVGOBroadcom Inc | 3.26% | 3.35% | 0.09% |
72.0% of QTOP is already inside TEC.
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, QTOP or TEC?
QTOP has an expense ratio of 0.20% while TEC charges 0.69%. QTOP is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, QTOP or TEC?
Over the past year QTOP returned +24.48% vs +22.30% for TEC, so QTOP leads on 1-year performance. Over the longest common window we track (2 years), QTOP annualized +44.19% vs +45.32% for TEC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QTOP or TEC?
TEC has been the more volatile fund at 21.8% annualized versus 21.3% for QTOP. Worst drawdown: QTOP -13.0% vs TEC -17.5%.
Should I hold both QTOP and TEC?
QTOP and TEC have a monthly-return correlation of 0.98, 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 QTOP and TEC?
72.0% of QTOP's money is in holdings TEC also owns. 60.8% of TEC's is in holdings QTOP also owns. They hold 16 positions in common, counted across the 32 positions we hold weights for in QTOP and 44 in TEC.
Which pays a higher dividend, QTOP or TEC?
QTOP yields 0.32% while TEC yields 0.00%, so QTOP currently pays the higher dividend yield.
Is TEC better than QTOP?
QTOP has a lower expense ratio. QTOP led over 1Y, TEC over the full window. The two have moved almost in lockstep, correlation 0.98. TEC is less concentrated, with 50.9% 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.