Think QQQ Is Concentrated? This Nasdaq ETF Bets Even Harder on Big Tech (And It’s Winning)

3 weeks ago 11

Omor Ibne Ehsan

Sun, July 19, 2026 astatine 9:32 AM CDT 5 min read

Quick Read

QTOP bushed QQQ implicit the past twelvemonth by 3 points (30% versus 27%) by stripping retired the bottommost 70 Nasdaq-100 names that dragged the broader scale lower.
Alphabet surged 94% and Apple gained 59%, but Microsoft's 20% driblet proves QTOP's attraction cuts some ways erstwhile an offsetting rally doesn't amusement up.
QTOP fits champion arsenic a outer presumption of 5 to 10 percent. Used arsenic a superior holding, it is fundamentally 4 stocks successful a trench coat, not a portfolio.
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If QQQ already feels similar a tech-heavy bet, iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) takes the aforesaid thought and strips it down further. QTOP holds lone the 30 largest names connected Nasdaq, weighted by marketplace cap, resulting successful a portfolio dominated by a fistful of AI-era giants and astir thing down them. Over the past year, QTOP returned 30%, up of Invesco QQQ Trust (NASDAQ:QQQ) astatine 27%, and it charges conscionable 0.20% to own.

A aureate bull figurine with upward-pointing horns and a curled process stands connected a dark, reflective surface. In the soft-focus background, a integer surface displays a banal marketplace candlestick illustration with reddish and greenish terms fluctuations.

The Fund And What It Actually Does

QTOP launched successful October 2024 and manages astir $266 million, inactive tiny adjacent to QQQ's hundreds of billions. The mechanics are simple. Take the Nasdaq-100, support lone the 30 largest names, value by marketplace cap, and fto the apical fistful bash the dense work. Because those apical names are the aforesaid mega-cap exertion franchises already dominating QQQ, QTOP is champion understood arsenic a leverage-free mode to thin harder into the megacap AI commercialized without borrowing oregon utilizing options.

The instrumentality motor is superior appreciation from a concentrated basket. Dividends are astir incidental, since NVIDIA (NASDAQ:NVDA) yields adjacent 0.47% and Apple (NASDAQ:AAPL) yields astir 0.3%. You bargain this for gains, oregon you are successful the incorrect fund.

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Does The Concentration Actually Pay

Over the trailing year, QTOP bushed QQQ by astir 3 points. Year to date, the dispersed is similar, 16% for QTOP versus 15% for QQQ. The spread looks modest, but it is consistent, and it comes astir wholly from cutting the smaller 70 names of the Nasdaq-100 whose mean returns dragged the broader scale down.

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