iShares S&P 500 3% Capped ETF (TOPC) Performance
TOPC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.4% since Dec 31, 2025
- 1 year
- +14.1% total return
- Since first price
- +43.3% since 2025
TOPC trailing returns vs SPY, QQQ, AGG
| Period | TOPC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.3% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.2% | +6.7% | +7.8% | +8.4% | −1.5% |
| YTD | +12.4% | +11.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.1% | +12.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionApr 16, 2025 | +43.3% | +41.0% | — | — | — |
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: TOPC vs SPY
From Apr 16, 2025: TOPC grew to $14,331, SPY to $14,697.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TOPC returns by calendar year
2026 is year to date.
TOPC annual returns table
| Year | TOPC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.4% | −8.0% | +12.3% | +15.1% | −1.0% |
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.
TOPC risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +24.2% |
| Volatility (annualized) | 11.0% |
| Sharpe ratio | 1.70 |
| Sortino ratio | 3.88 |
| Best month | +9.3% |
| Worst month | −5.2% |
| Best 12 months | +28.1% |
| Worst 12 months | +15.2% |
| Positive months | 82% |
| 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.
TOPC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 7 | +13.6% | +19.9% | +28.1% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
TOPC performance overview
iShares S&P 500 3% Capped ETF (TOPC) returned +14.1% over the past year, with distributions reinvested. Since its first recorded price on Apr 16, 2025 it has returned +43.3%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: TOPC chart, TOPC holdings, TOPC dividends, TOPC valuation. See the TOPC overview for the latest quote and fund facts.
TOPC performance FAQ
What is the TOPC return over the past year?
TOPC returned +14.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.8%.
How much would $10,000 invested in TOPC be worth?
$10,000 invested in TOPC at its first recorded close on April 16, 2025 would be worth about $14,331 on October 23, 2026 with distributions reinvested.
How volatile is TOPC?
Over the past history TOPC had an annualized volatility of 11.0% and a Sharpe ratio of 1.70 (excess return over 1–3 month T-bills per unit of risk).