QQQ vs TOPT
Invesco QQQ Trust, Series 1 vs iShares Top 20 US Stocks ETF
Which is better, QQQ or TOPT?
Large Cap Growth against Large Cap Blend.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 70.8%.
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 | QQQ | TOPT |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.20% |
| AUM | $483.5B | $662M |
| Dividend Yield | 0.44% | 0.38% |
| Holdings | 107 | 25 |
| YTD Return | +15.18%Best | +8.90% |
| 1Y Return | +19.65%Best | +12.67% |
| 3Y Return (annualized) | +24.60% | - |
| 5Y Return (annualized) | +13.94% | - |
| Volatility (annualized) | 19.0% | 15.4%Best |
| Max Drawdown | -22.8% | -21.2%Best |
| $10,000 over 1.9 years | $14,464Best | $13,722 |
| Top 10 Weight | 46.5%Best | 70.8% |
| Fund Family | Invesco (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Mar 10, 1999 | Oct 23, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Oct 24, 2024 to Sep 15, 2026 (1.9 years).
QQQ vs TOPT 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 1.9 years both funds cover.
QQQ vs TOPT Performance
Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US) and iShares Top 20 US Stocks ETF (TOPT) is an ETF from iShares by BlackRock (US). Over the past year QQQ returned +19.65% while TOPT returned +12.67%. Year to date, QQQ is up 15.18% versus a gain of 8.90% for TOPT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.4% for TOPT. 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 -22.8% for QQQ and -21.2% for TOPT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 TOPT charges 0.20%. On a $10,000 position that is $18 vs $20 annually, a gap of $2 per year that compounds over a long holding period. On income, QQQ currently yields 0.44% against 0.38% for TOPT.
Holdings Overlap
57.6% of QQQ's money is in holdings TOPT also owns. 81.0% of TOPT's money is in holdings QQQ also owns.
Most of TOPT is already inside QQQ. Owning both mostly buys the same companies twice.
15 positions in common, counted across the 102 positions we hold weights for in QQQ and 22 in TOPT, against full books of 107 and 25.
What only one of them owns
Our book lists 6 positions for TOPT that do not appear in our book for QQQ (19.0% of the fund), and 81 for QQQ that do not appear in TOPT (40.0%).
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 QQQ | Weight in TOPT | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 16.76% | 8.32% |
| AAPLApple, Inc | 7.27% | 14.58% | 7.31% |
| MSFTMicrosoft Corp | 5.76% | 6.59% | 0.83% |
| GOOGLAlphabet Inc,class A | 3.36% | 6.24% | 2.88% |
| AMZNAmazon.Com Inc | 4.67% | 4.66% | 0.01% |
| MUMicron Technology, Inc. | 4.43% | 4.35% | 0.08% |
| GOOGAlphabet Inc | 3.13% | 4.97% | 1.84% |
| AVGOBroadcom Inc | 3.16% | 4.25% | 1.09% |
| METAMeta Platforms Inc | 2.78% | 4.28% | 1.50% |
| TSLATesla Inc | 2.56% | 4.12% | 1.56% |
81.0% of TOPT 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, QQQ or TOPT?
QQQ has an expense ratio of 0.18% while TOPT charges 0.20%. QQQ is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, QQQ or TOPT?
Over the past year QQQ returned +19.65% vs +12.67% for TOPT, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), QQQ annualized +21.44% vs +18.12% for TOPT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QQQ or TOPT?
QQQ has been the more volatile fund at 19.0% annualized versus 15.4% for TOPT. Worst drawdown: QQQ -22.8% vs TOPT -21.2%.
Should I hold both QQQ and TOPT?
QQQ and TOPT have a monthly-return correlation of 0.93, 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 QQQ and TOPT?
81.0% of TOPT's money is in holdings QQQ also owns. 81.0% of TOPT's is in holdings QQQ also owns. They hold 15 positions in common, counted across the 102 positions we hold weights for in QQQ and 22 in TOPT.
Which pays a higher dividend, QQQ or TOPT?
QQQ yields 0.44% while TOPT yields 0.38%, so QQQ currently pays the higher dividend yield.
Is TOPT better than QQQ?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.93. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 70.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.