ETF Evaluator:
iShares Top 20 U.S. Stocks ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
Risk
Index
Risk
Index
ETF Details
iShares Top 20 U.S. Stocks ETF Overview
iShares Top 20 U.S. Stocks ETF (TOPT) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). iShares launched the ETF in 2024.
The investment seeks to track the investment results of the S&P 500 Top 20 Select Index.
The index measures the performance of the 20 largest U.S. companies by float-adjusted market capitalization within the S&P 500®. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.
About iShares Top 20 U.S. Stocks ETF (TOPT)
There are 4 members of the management team with an average tenure of 1.44 years: Jennifer Hsui (2024), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 Top 20 Select USD TR index with a weighting of 100%. iShares Top 20 U.S. Stocks ETF has 25 securities in its portfolio. The top 10 holdings constitute 70.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Top 20 U.S. Stocks ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares Top 20 U.S. Stocks ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Top 20 U.S. Stocks ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $655 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TOPT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Top 20 U.S. Stocks ETF expense ratio is below average compared to funds in the Large Blend category. iShares Top 20 U.S. Stocks ETF has an expense ratio of 0.20%, which is 52% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Top 20 U.S. Stocks ETF has a portfolio turnover rate of 18%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, iShares Top 20 U.S. Stocks ETF returned -0.9%, which earned it a grade of D, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Top 20 U.S. Stocks ETF has a trailing yield of 0.39%, which is below the 1.16% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Top 20 U.S. Stocks ETF Grades
Year to date, the ETF has returned 4.8%, 4.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.8% over the past year (grade of D).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about iShares Top 20 U.S. Stocks ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
TOPT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TOPT Return (NAV) | -0.9% | 1.9% | 15.8% | na | na | na |
| TOPT Return (Price) | -0.8% | 1.9% | 15.7% | na | na | na |
| NAV +/- Price Return | -0.114% | 0.029% | 0.063% | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| TOPT Grade (NAV) | D | F | D | na | na | na |
| +/- Category (NAV) | -0.0% | -1.8% | -1.8% | na | na | na |
| TOPT Tax-Cost Ratio | na | na | 0.1% | na | na | na |
TOPT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TOPT Return (NAV) | 4.8% | 20.4% | na | na | na | na | na | na | na | na | na |
| TOPT Return (Price) | 4.8% | 20.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.004% | -0.005% | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| TOPT Grade (NAV) | F | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -4.7% | 5.1% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.4% |
| Total Assets: | $ 655 Mil |
| Share Class Assets: | $ 655 Mil |
| Turnover: | 18.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 Top 20 Select USD TR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 1.8 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Hsui Jennifer (2024), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 25 |
| % in Top 10 Holdings: | 70.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | www.ishares.com |
| Inception Date: | October 23, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.41% |
