QNXT - ETF AI Analysis
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iShares Nasdaq-100 ex Top 30 ETF (QNXT)
Rating:71Outperform
Price Target:―
Positive Factors
Supportive Top Holdings
Several of the largest positions, such as Analog Devices, Honeywell, ASML, Starbucks, and Mercadolibre, have shown strong or steady performance, helping support the ETF’s overall returns.
Sector Diversification Across Growth Areas
The fund spreads its investments across technology, industrials, consumer cyclical, health care, and other sectors, reducing reliance on any single industry.
Moderate Expense Ratio
The ETF charges a relatively low ongoing fee, which helps investors keep more of any returns generated over time.
Negative Factors
Recent Weak Short-Term Performance
The ETF has shown weak results over the past one and three months, which may concern investors focused on near-term momentum.
Mixed Results Among Top Holdings
Some major positions like Adobe, Vertex Pharmaceuticals, CrowdStrike, and Comcast have been lagging, which can drag on the fund’s overall performance.
Heavy U.S. Market Concentration
With the vast majority of its assets in U.S. companies, the ETF offers limited geographic diversification and is highly sensitive to the U.S. market.
QNXT vs. SPDR S&P 500 ETF (SPY)
AUM16.62M
RegionNorth America
Expense Ratio0.20%
Beta1.04
IssueriShares
Inception DateOct 23, 2024
Dividend Yield0.41%
Asset ClassEquity
Index TrackedNasdaq-100 ex Top 30 Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,107
30 Day Avg. Volume1,190
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
32.65Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering70
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QNXT Summary
The iShares Nasdaq-100 ex Top 30 ETF (QNXT) tracks the Nasdaq-100 ex Top 30 Index, focusing on the “next tier” of large U.S. companies after the biggest names are removed. It holds many tech, industrial, and consumer businesses, including well-known companies like Adobe and Starbucks. Someone might invest in QNXT to seek growth from innovative firms while avoiding heavy concentration in the very largest tech giants, adding diversification to a portfolio. A key risk is that it is still heavily tilted toward growth and technology-related stocks, so its price can rise and fall sharply with the Nasdaq market.
How much will it cost me?The iShares Nasdaq-100 ex Top 30 ETF (QNXT) has an expense ratio of 0.20%, meaning you’ll pay $2 per year for every $1,000 invested. This cost is lower than average for actively managed funds but slightly higher than many passively managed ETFs, as it focuses on a unique niche within the Nasdaq-100 Index.
What would affect this ETF?The QNXT ETF, with its focus on large-cap companies in technology, healthcare, and consumer sectors, could benefit from continued innovation and growth in these industries, especially as emerging leaders gain market share. However, it may face challenges from rising interest rates, which can impact growth-oriented stocks, and economic slowdowns that could affect consumer spending and corporate investments. Additionally, regulatory changes in the tech and healthcare sectors could create uncertainty for some of its top holdings.
QNXT Top 10 Holdings
QNXT leans heavily into U.S. tech and innovation, with names like Analog Devices and ASML acting as key growth engines thanks to their strong longer-term momentum, even if they’ve cooled a bit recently. Honeywell adds an industrial backbone that’s been steadily rising, while Starbucks offers a consumer tilt that’s quietly helping rather than hurting. On the flip side, software and cybersecurity stars like Adobe and CrowdStrike have been lagging, along with Constellation Energy, which has lost some spark. Overall, it’s a tech-tilted, U.S.-focused fund driven by the Nasdaq’s “next tier” leaders.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Booking Holdings | 3.23% | $539.84K | $147.04B | 0.89% | 63 Neutral | |
| AppLovin | 3.16% | $527.61K | $156.71B | 102.18% | 74 Outperform | |
| Palo Alto Networks | 3.01% | $502.25K | $133.91B | -0.43% | 73 Outperform | |
| ASML Holding | 2.74% | $457.11K | $554.61B | 131.47% | 81 Outperform | |
| Western Digital | 2.71% | $452.11K | $123.75B | 890.66% | 77 Outperform | |
| Marvell | 2.56% | $428.25K | $117.70B | 157.97% | 76 Outperform | |
| Seagate Tech | 2.56% | $427.58K | $113.31B | 601.78% | 68 Neutral | |
| Starbucks | 2.47% | $413.01K | $112.04B | 20.69% | 56 Neutral | |
| Vertex Pharmaceuticals | 2.44% | $407.77K | $112.35B | -10.93% | 78 Outperform | |
| Constellation Energy Corporation | 2.39% | $399.05K | $106.78B | 44.34% | 68 Neutral |
QNXT Technical Analysis
Positive
―
Price Trends
27.15
Positive
27.47
Positive
27.19
Positive
Market Momentum
0.11
Negative
62.34
Neutral
99.27
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QNXT, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 26.66, equal to the 50-day MA of 27.15, and equal to the 200-day MA of 27.19, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 99.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QNXT.
QNXT Peer Comparison
Comparison Results
Performance Comparison
QNXT
iShares Nasdaq-100 ex Top 30 ETF
27.83
6.09
28.01%
LVDS
JPMorgan Fundamental Data Science Large Value ETF
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FLCC
Federated Hermes MDT Large Cap Core ETF
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―
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ALTL
Pacer Lunt Large Cap Alternator ETF
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―
―
UPSD
Aptus Large Cap Upside ETF
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ACEP
ARS Core Equity Portfolio ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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