QNXT vs QQQ
iShares Nasdaq-100 ex Top 30 ETF vs Invesco QQQ Trust, Series 1
Which is better, QNXT or QQQ?
Each has led over a different period.
QQQ has a lower expense ratio. QNXT led over 1Y, QQQ over the full window. QNXT is less concentrated, with 30.4% of the fund in its ten largest positions against 46.9%.
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 | QQQ |
|---|---|---|
| Expense Ratio | 0.20% | 0.18%Best |
| AUM | $27M | $437.3B |
| Dividend Yield | 0.69% | 0.43% |
| Holdings | 147 | 208 |
| YTD Return | +13.41%Best | +12.98% |
| 1Y Return | +13.40%Best | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 15.3%Best | 19.1% |
| Max Drawdown | -22.3%Best | -22.8% |
| $10,000 over 2 years | $12,625 | $14,049Best |
| Top 10 Weight | 30.4%Best | 46.9% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Oct 23, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Oct 24, 2024 to Nov 11, 2026 (2 years).
QNXT vs QQQ 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 QQQ Performance
iShares Nasdaq-100 ex Top 30 ETF (QNXT) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year QNXT returned +13.40% while QQQ returned +11.59%. Year to date, QNXT is up 13.41% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 15.3% for QNXT. 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 -22.3% for QNXT and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QNXT charges 0.20% per year while QQQ charges 0.18%. On a $10,000 position that is $20 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, QNXT currently yields 0.69% against 0.43% for QQQ.
Holdings Overlap
96.9% of QNXT's money is in holdings QQQ also owns. 21.9% of QQQ's money is in holdings QNXT also owns.
Most of QNXT is already inside QQQ. Owning both mostly buys the same companies twice.
68 positions in common, counted across the 70 positions we hold weights for in QNXT and 101 in QQQ, against full books of 147 and 208.
What only one of them owns
Our book lists 32 positions for QQQ that do not appear in our book for QNXT (77.2% of the fund), and 1 for QNXT that do not appear in QQQ (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 QQQ | Difference |
|---|---|---|---|
| SHOP:CAShopify Inc | 3.98% | 0.91% | 3.07% |
| ADIAnalog Devices | 3.74% | 0.83% | 2.91% |
| GILDGilead Sciences | 3.64% | 0.83% | 2.81% |
| QCOMQualcomm Inc. | 3.46% | 0.80% | 2.66% |
| ISRGIntuitive Surgical Inc | 2.84% | 0.64% | 2.20% |
| FTNTFortinet Inc | 2.58% | 0.57% | 2.01% |
| WDCWestern Digital Corp. | 2.51% | 0.55% | 1.96% |
| VRTXVertex Pharmaceuticals Inc | 2.42% | 0.55% | 1.87% |
| BKNGBooking Holdings, Inc. | 2.31% | 0.53% | 1.78% |
| ADPAutomatic Data Processing, Inc. | 2.13% | 0.48% | 1.65% |
96.9% of QNXT is already inside QQQ.
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 QQQ?
QNXT has an expense ratio of 0.20% while QQQ charges 0.18%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, QNXT or QQQ?
Over the past year QNXT returned +13.40% vs +11.59% for QQQ, so QNXT leads on 1-year performance. Over the longest common window we track (2 years), QNXT annualized +12.36% vs +18.53% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QNXT or QQQ?
QQQ has been the more volatile fund at 19.1% annualized versus 15.3% for QNXT. Worst drawdown: QNXT -22.3% vs QQQ -22.8%.
Should I hold both QNXT and QQQ?
QNXT and QQQ have a monthly-return correlation of 0.81, 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 QQQ?
96.9% of QNXT's money is in holdings QQQ also owns. 21.9% of QQQ's is in holdings QNXT also owns. They hold 68 positions in common, counted across the 70 positions we hold weights for in QNXT and 101 in QQQ.
Which pays a higher dividend, QNXT or QQQ?
QNXT yields 0.69% while QQQ yields 0.43%, so QNXT currently pays the higher dividend yield.
Is QQQ better than QNXT?
QQQ has a lower expense ratio. QNXT led over 1Y, QQQ over the full window. QNXT is less concentrated, with 30.4% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.