iShares Top 20 U.S. Stocks ETF (TOPT) Performance
TOPT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.2% since Dec 31, 2025
- 1 year
- +12.7% total return
- Since first price
- +39.4% since 2024
TOPT trailing returns vs SPY, QQQ, AGG
| Period | TOPT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.0% | −2.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.5% | +5.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.3% | +9.1% | +7.8% | +8.4% | −1.5% |
| YTD | +10.2% | +9.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.7% | +12.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 24, 2024 | +39.4% | +38.3% | — | — | — |
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: TOPT vs SPY
From Oct 24, 2024: TOPT grew to $13,935, SPY to $13,423.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TOPT returns by calendar year
1 of 1 full years positive. Best 2025 (+20.3%), worst 2025 (+20.3%). 2026 is year to date.
TOPT annual returns table
| Year | TOPT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.2% | −11.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.3% | −21.2% | +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.
TOPT largest drawdowns
Now 4.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 24, 2024 | −21.2% | Apr 8, 2025 | Jun 26, 2025 | 3 months | 6 months |
| Oct 29, 2025 | −13.1% | Mar 30, 2026 | Apr 27, 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.
TOPT risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +21.4% |
| Volatility (annualized) | 15.5% |
| Sharpe ratio | 1.08 |
| Sortino ratio | 2.13 |
| Best month | +12.1% |
| Worst month | −7.6% |
| Best 12 months | +34.5% |
| Worst 12 months | +15.0% |
| 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.
TOPT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 13 | +9.5% | +20.3% | +34.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
TOPT performance overview
iShares Top 20 U.S. Stocks ETF (TOPT) returned +12.7% over the past year, with distributions reinvested. Since its first recorded price on Oct 24, 2024 it has returned +39.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −21.2%, from Dec 24, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 15.5% a year.
Related: TOPT chart, TOPT holdings, TOPT dividends, TOPT valuation. See the TOPT overview for the latest quote and fund facts.
TOPT performance FAQ
What is the TOPT return over the past year?
TOPT returned +12.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.3%.
How much would $10,000 invested in TOPT be worth?
$10,000 invested in TOPT at its first recorded close on October 24, 2024 would be worth about $13,935 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of TOPT?
The largest peak-to-trough decline was −21.2% between December 24, 2024 and April 8, 2025. It recovered to the old high on June 26, 2025, 3 months after the bottom.
How volatile is TOPT?
Over the past history TOPT had an annualized volatility of 15.5% and a Sharpe ratio of 1.08 (excess return over 1–3 month T-bills per unit of risk).