iShares Nasdaq Top 30 ETF outperforms QQQ with a 30% return by focusing on mega-cap tech giants.

The iShares Nasdaq Top 30 Stocks ETF (QTOP) launched in October 2024 and holds only the 30 largest Nasdaq companies, heavily weighted toward mega-cap tech giants like Nvidia, Apple, and Alphabet. Over the past year, QTOP returned 30%, beating the broader Invesco QQQ Trust's 27% return by concentrating on fewer, top-performing stocks. This concentrated approach offers higher potential gains but comes with risks such as less diversification, valuation pressures, and smaller fund size. QTOP suits investors looking to overweight mega-cap tech within a diversified portfolio rather than as a standalone fund.