iShares Nasdaq-100 ex Top 30 ETF (QNXT) Performance
QNXT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.4% since Dec 31, 2025
- 1 year
- +10.3% total return
- Since first price
- +26.0% since 2024
QNXT trailing returns vs SPY, QQQ, AGG
| Period | QNXT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.7% | −0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.4% | +2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.5% | +8.1% | +7.8% | +8.4% | −1.5% |
| YTD | +12.4% | +11.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.3% | +9.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 24, 2024 | +26.0% | +24.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QNXT vs SPY
From Oct 24, 2024: QNXT grew to $12,601, SPY to $13,423.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QNXT returns by calendar year
1 of 1 full years positive. Best 2025 (+15.0%), worst 2025 (+15.0%). 2026 is year to date.
QNXT annual returns table
| Year | QNXT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.4% | −10.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.0% | −22.2% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QNXT largest drawdowns
Now 4.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2025 | −22.2% | Apr 8, 2025 | Jul 3, 2025 | 49 days | 4 months |
| Oct 27, 2025 | −10.2% | Mar 27, 2026 | Apr 22, 2026 | 5 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QNXT risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +13.6% |
| Volatility (annualized) | 15.9% |
| Sharpe ratio | 0.63 |
| Sortino ratio | 1.09 |
| Best month | +9.7% |
| Worst month | −6.6% |
| Best 12 months | +24.6% |
| Worst 12 months | +7.3% |
| Positive months | 61% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QNXT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | +7.3% | +15.0% | +24.6% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
QNXT performance overview
iShares Nasdaq-100 ex Top 30 ETF (QNXT) returned +10.3% over the past year, with distributions reinvested. Since its first recorded price on Oct 24, 2024 it has returned +26.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −22.2%, from Feb 18, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 15.9% a year.
Related: QNXT chart, QNXT holdings, QNXT dividends, QNXT valuation. See the QNXT overview for the latest quote and fund facts.
QNXT performance FAQ
What is the QNXT return over the past year?
QNXT returned +10.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.5%.
How much would $10,000 invested in QNXT be worth?
$10,000 invested in QNXT at its first recorded close on October 24, 2024 would be worth about $12,601 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of QNXT?
The largest peak-to-trough decline was −22.2% between February 18, 2025 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is QNXT?
Over the past history QNXT had an annualized volatility of 15.9% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).