QNXT - ETF AI Analysis

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iShares Nasdaq-100 ex Top 30 ETF (QNXT)

Rating:72Outperform

Price Target:―

QNXT, the iShares Nasdaq-100 ex Top 30 ETF, has an overall rating that reflects a generally solid lineup of mid-to-large tech and growth names with good financial health and growth prospects. Strong contributors like ASML, Adobe, Analog Devices, Honeywell, and Vertex support the fund through robust profitability, positive earnings calls, and strategic growth initiatives, especially in areas like AI and advanced semiconductors. The rating is held back somewhat by weaker names such as Starbucks, which faces high leverage and declining margins, and by valuation and technical risks across several holdings, with a key overall risk being the fund’s heavy tilt toward growth-oriented technology and related sectors.

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)

AUM16.09M

RegionNorth America

Expense Ratio0.20%

Beta1.07

IssueriShares

Inception DateOct 23, 2024

Dividend Yield0.65%

Asset ClassEquity

Index TrackedNasdaq-100 ex Top 30 Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume1,123

30 Day Avg. Volume1,435

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

32.69

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering69

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, and its story starts with chip names like Analog Devices and ASML, which have been rising and giving the fund a solid tailwind. Industrial heavyweight Honeywell has also been steadily pulling its weight, adding some balance outside pure tech. On the softer side, software giant Adobe and cybersecurity player Palo Alto Networks have been lagging, acting like a bit of an anchor on recent returns. Consumer names like Starbucks and Comcast are more mixed, helping smooth out the ride but not fully offsetting the tech-related bumps.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
ADI	Analog Devices	3.54%	$570.21K	$149.42B	46.62%	78 Outperform
HON	Honeywell International	3.52%	$566.55K	$149.07B	11.95%	77 Outperform
VRTX	Vertex Pharmaceuticals	2.82%	$452.91K	$119.23B	-7.02%	78 Outperform
ASML	ASML Holding	2.79%	$449.46K	$515.87B	88.47%	81 Outperform
PANW	Palo Alto Networks	2.75%	$442.92K	$136.28B	-8.40%	73 Outperform
SBUX	Starbucks	2.67%	$429.02K	$112.96B	1.06%	56 Neutral
CRWD	CrowdStrike Holdings	2.62%	$421.90K	$112.04B	24.89%	67 Neutral
CMCSA	Comcast	2.59%	$417.11K	$108.51B	-14.87%	74 Outperform
CEG	Constellation Energy Corporation	2.59%	$416.14K	$109.24B	39.41%	68 Neutral
ADBE	Adobe	2.47%	$397.17K	$102.35B	-36.84%	80 Outperform

QNXT Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

27.80

Negative

100DMA

27.73

Negative

200DMA

27.13

Negative

Market Momentum

MACD

-0.17

Positive

RSI

42.09

Neutral

STOCH

8.51

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QNXT, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 27.58, equal to the 50-day MA of 27.80, and equal to the 200-day MA of 27.13, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 42.09 is Neutral, neither overbought nor oversold. The STOCH value of 8.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QNXT.

QNXT Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
QNXT	―	―	$16.09M	0.20%	72 Outperform
UPSD	―	―	$97.75M	0.79%	70 Neutral
ALTL	―	―	$96.13M	0.60%	71 Outperform
BCUS	―	―	$91.86M	0.70%	73 Outperform
LVDS	―	―	$91.17M	0.30%	72 Outperform
RWLC	―	―	$84.95M	0.32%	73 Outperform

Performance Comparison

QNXT

iShares Nasdaq-100 ex Top 30 ETF

27.11

3.17

13.24%

UPSD

Aptus Large Cap Upside ETF

―

ALTL

Pacer Lunt Large Cap Alternator ETF

―

BCUS

Bancreek U.S. Large Cap ETF

―

LVDS

JPMorgan Fundamental Data Science Large Value ETF

―

RWLC

Rayliant Quantitative Developed Market Equity ETF

―

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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