
The iShares Nasdaq-100 ex Top 30 ETF aims to replicate the returns of an index that is specifically curated to include companies ranked from the 31st to the 100th largest by market capitalization. These companies are drawn from the wider Nasdaq-100 Index, meaning the ETF intentionally bypasses the very top 30 largest constituents.
Is QNXT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

BlackRock launched three ETFs based on Nasdaq-100, with QNXT focusing on the bottom 70 holdings, offering a unique investment approach. QNXT recently outperformed due to market sentiment around Big Tech, but I see this outperformance as temporary rather than the setting of a new trend. Despite lower risk, QNXT's advantage may diminish if the market re-rates the top tech stocks, making it a Hold recommendation.

“The shape of the U.S. equity market has undergone a massive change over just the last few years,” says BlackRock's Rachel Aguirre.