QQQ vs TOPC
QQQ vs TOPC
Invesco QQQ Trust, Series 1 vs iShares S&P 500 3% Capped ETF
Quick Verdict
TOPC has a lower expense ratio. QQQ delivered stronger 1-year returns. TOPC offers more diversification with 492 holdings.
Side-by-Side Comparison
| Metric | QQQ | TOPC | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $455.8B | $31M | |
| Dividend Yield | 0.41% | 1.04% | |
| Holdings | 108 | 509 | |
| YTD Return | +18.20% | +14.02% | |
| 1Y Return | +27.63% | +23.84% | |
| 3Y Return (annualized) | +25.54% | - | |
| 5Y Return (annualized) | +15.12% | - | |
| Volatility (annualized) | 30.6% | 11.1% | |
| Max Drawdown | -83.0% | -8.0% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 10, 1999 | Apr 15, 2025 |
QQQ vs TOPC Performance
Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US) and iShares S&P 500 3% Capped ETF (TOPC) is a ETF from iShares by BlackRock (US). Over the past year QQQ returned +27.63% while TOPC returned +23.84%. Year to date, QQQ is up 18.20% versus a gain of 14.02% for TOPC.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 11.1% for TOPC. 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 -83.0% for QQQ and -8.0% for TOPC. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
QQQ charges 0.18% per year while TOPC charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, QQQ currently yields 0.41% against 1.04% for TOPC.
Holdings Overlap
QQQ and TOPC share 88 holdings out of 507 unique holdings combined, representing a 44.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in QQQ | Weight in TOPC | Difference |
|---|---|---|---|
| NVDA | 7.88% | 2.80% | 5.08% |
| AAPL | 7.46% | 3.08% | 4.38% |
| MSFT | 4.65% | 2.79% | 1.86% |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
See all 10 holdings QQQ shares with TOPC Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, QQQ or TOPC?
QQQ has an expense ratio of 0.18% while TOPC charges 0.09%. TOPC is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, QQQ or TOPC?
Over the past year QQQ returned +27.63% vs +23.84% for TOPC, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), QQQ annualized +13.11% vs +33.33% for TOPC. Past performance does not guarantee future results.
Which is riskier, QQQ or TOPC?
QQQ has been the more volatile fund at 30.6% annualized versus 11.1% for TOPC. Worst drawdown: QQQ -83.0% vs TOPC -8.0%.
Should I hold both QQQ and TOPC?
QQQ and TOPC have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between QQQ and TOPC?
QQQ and TOPC share 88 common holdings with a 44.9% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, QQQ or TOPC?
QQQ yields 0.41% while TOPC yields 1.04%, so TOPC currently pays the higher dividend yield.
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