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QNXTvsPHEQETF Comparison

ETF 1

QNXT

iShares Nasdaq-100 ex Top 30 ETF

This fund is part of

US Large Cap

+0.36%

Full QNXT fund page

VS

ETF 2

PHEQ

Parametric Hedged Equity ETF

This fund is part of

Options Strategies

+0.11%

Full PHEQ fund page

iShares Nasdaq-100 ex Top 30 ETF (QNXT) belongs to the US Large Cap segment. Parametric Hedged Equity ETF (PHEQ) is part of the Options Strategies segment. QNXT's top 3 sector exposures are Information Technology, Consumer Discretionary and Industrials. In contrast, PHEQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. QNXT is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.29% for PHEQ. QNXT is up 5.4% year-to-date (YTD) with +$7K in YTD flows. PHEQ performs worse with 3.97% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of QNXT and PHEQ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QNXT vs PHEQ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 05/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QNXT PHEQ	+9.90%+5.23%	+3.93%+3.71%	+5.40%+3.97%	+22.41%+19.45%	n/an/a	n/an/a
Flows	QNXT PHEQ	-+$5M	+$7K-$8M	+$7K-$10M	-$21K+$23M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QNXT PHEQ	+18.04%+8.33%	+15.59%+7.12%	n/an/a	n/an/a
Max drawdown	QNXT PHEQ	-8.25%-3.73%	-10.19%-3.96%	n/an/a	n/an/a
Max drawdown duration	QNXT PHEQ	46d57d	176d86d	n/an/a	n/an/a

Trading data

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	QNXT	PHEQ
Last sale 5/4/2026 at 1:30 PM	$29.04	$33.83
Previous close 05/01/2026	$29.00	$33.91
Consolidated volume 05/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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PHEQ

is actively managed and doesn’t replicate an index

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	QNXT	PHEQ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/4/2026 at 1:30 PM

Live

Closed

	QNXT	PHEQ
Last price	$29.04	$33.83
1D performance	+0.11%	-0.24%
AuM	$17.40 M	$133.55 M
E/R	0.2%	0.29%

Characteristics

	QNXT	PHEQ
Management strategy	Passive	Active
Provider	iShares	Morgan Stanley
Benchmark	Nasdaq- 100 ex Top 30 Index	-
N° of holdings	65	173
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 23, 2024	October 19, 2023
ESG	No	No

More QNXT data on Trackinsight

More PHEQ data on Trackinsight

Exposure

Countries

QNXT

USA

93.77%

Other

6.23%

PHEQ

USA

93.2%

Other

6.8%

Sectors

QNXT

Information Techn.

37.09%

Consumer Discreti.

17.35%

Industrials

9.55%

Health Care

8%

Other

28.01%

PHEQ

Information Techn.

33.71%

Communication Ser.

10.57%

Consumer Discreti.

9.49%

Financials

9.34%

Health Care

8.92%

Industrials

7.64%

Other

20.33%

Diversification

QNXT

Total weight of top 15 holdings out of 15

37.27%

PHEQ

Total weight of top 15 holdings out of 15

43.64%

Top 15 holdings

Data as of March 31, 2026

QNXT

BOOKING HOLDINGS

3.13%

PALO ALTO NETWORKS

3.06%

APPLOVIN

2.86%

INTUIT

2.80%

USN070592100

2.72%

VERTEX PHARMACEUTICALS

2.65%

COMCAST

2.41%

STARBUCKS-T

2.39%

CONSTELLATION ENERGY CORP

2.37%

ADOBE INC

2.34%

CROWDSTRIKE HOLDINGS INC

2.30%

WESTERN DIGITAL

2.15%

MERCADOLIBRE

2.05%

MARRIOTT INTL

2.03%

MARVELL TECHNOLOGY

2.02%

PHEQ

NVIDIA

7.24%

APPLE

6.63%

MICROSOFT-T

4.74%

AMAZON.COM INC

3.62%

ALPHABET INC-CL

3.05%

ALPHABET INC-CL

2.65%

BROADCOM LIMITED

2.59%

META PLATFORMS

2.22%

TESLA

1.89%

EXXON

1.78%

JPMORGAN CHASE

1.65%

LILLY

1.58%

JOHNSON&JOHNSON

1.51%

BERKSHIRE HATHWAY

1.38%

VISA INCORPORATION

1.11%

Frequently asked questions about QNXT and PHEQ

How have the QNXT and PHEQ ETFs performed in 2026?

As of May 1, 2026, QNXT is up 5.4% year-to-date (YTD), while PHEQ has returned 3.97%. That puts QNXT better performer ahead so far this year.

Which ETF is attracting more investor money: QNXT or PHEQ?

Year-to-date, the QNXT ETF saw +$7K in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: QNXT or PHEQ?

Over the past year, QNXT had a volatility of 15.59%, while PHEQ experienced 7.12%.

Which ETF is bigger: QNXT or PHEQ?

As of May 1, 2026, QNXT holds $17.40 M in assets under management (AUM), while PHEQ manages $133.55 M.

What sectors do the QNXT and PHEQ ETFs invest in?

QNXT leans toward sectors like Information Technology, Consumer Discretionary and Industrials. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the QNXT ETF and PHEQ ETF?

QNXT top holdings include BOOKING HOLDINGS, PALO ALTO NETWORKS and APPLOVIN. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: QNXT or PHEQ?

QNXT holds 71 securities with 37.27% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

November 16, 2023

PHEQ

QNXTvsPHEQETF Comparison

iShares Nasdaq-100 ex Top 30 ETF

Parametric Hedged Equity ETF

QNXT vs PHEQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QNXT and PHEQ ETFs performed in 2026?

As of May 1, 2026, QNXT is up 5.4% year-to-date (YTD), while PHEQ has returned 3.97%. That puts QNXT better performer ahead so far this year.

Which ETF is attracting more investor money: QNXT or PHEQ?

Year-to-date, the QNXT ETF saw +$7K in flows, compared to -$10M for PHEQ.

Which ETF is more volatile: QNXT or PHEQ?

Over the past year, QNXT had a volatility of 15.59%, while PHEQ experienced 7.12%.

Which ETF is bigger: QNXT or PHEQ?

As of May 1, 2026, QNXT holds $17.40 M in assets under management (AUM), while PHEQ manages $133.55 M.

What sectors do the QNXT and PHEQ ETFs invest in?

QNXT leans toward sectors like Information Technology, Consumer Discretionary and Industrials. Meanwhile, PHEQ focuses on Information Technology, Communication Services and Consumer Discretionary.

What are the top holdings of the QNXT ETF and PHEQ ETF?

QNXT top holdings include BOOKING HOLDINGS, PALO ALTO NETWORKS and APPLOVIN. PHEQ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.

Which ETF is more diversified: QNXT or PHEQ?

QNXT holds 71 securities with 37.27% of its assets in the top 15. PHEQ has 182 securities and a top 15 weight of 43.64%.

Parametric's Innovation Continues Under New Leadership from Morgan Stanley with Launch of PHEQ and PAPI

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