QNDX vs QQQ
State Street SPDR Portfolio Nasdaq 100 ETF vs Invesco QQQ Trust, Series 1
Which is better, QNDX or QQQ?
QNDX costs less.
QNDX has a lower expense ratio. QNDX is less concentrated, with 46.8% of the fund in its ten largest positions against 46.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QNDX | QQQ |
|---|---|---|
| Expense Ratio | 0.10%Best | 0.18% |
| AUM | $718M | $437.3B |
| Dividend Yield | 0.12% | 0.43% |
| Holdings | 104 | 208 |
| YTD Return | -2.66% | +12.98%Best |
| 1Y Return | - | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Top 10 Weight | 46.8%Best | 46.9% |
| Fund Family | State Street Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jun 24, 2026 | Mar 10, 1999 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QNDX vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QNDX vs QQQ Performance
State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) is an ETF from State Street Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Year to date, QNDX is down 2.66% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Fees and Cost Over Time
QNDX charges 0.10% per year while QQQ charges 0.18%. On a $10,000 position that is $10 vs $18 annually, a gap of $8 per year that compounds over a long holding period. On income, QNDX currently yields 0.12% against 0.43% for QQQ.
Holdings Overlap
98.5% of QNDX's money is in holdings QQQ also owns. 98.5% of QQQ's money is in holdings QNDX also owns.
Most of QNDX is already inside QQQ. Owning both mostly buys the same companies twice.
98 positions in common, counted across the 101 positions we hold weights for in QNDX and 101 in QQQ, against full books of 104 and 208.
What only one of them owns
Our book lists 1 positions for QQQ that do not appear in our book for QNDX (0.4% of the fund), and 2 for QNDX that do not appear in QQQ (0.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in QNDX | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.44% | 8.05% | 0.39% |
| AAPLApple Inc | 7.29% | 7.68% | 0.39% |
| MSFTMicrosoft Corp | 5.75% | 6.16% | 0.41% |
| MUMicron Technology, Inc. | 5.01% | 4.47% | 0.54% |
| AMZNAmazon.Com Inc | 4.06% | 4.23% | 0.17% |
| AMDAdvanced Micro Devices Inc | 4.28% | 3.90% | 0.38% |
| METAMeta Platforms Inc | 3.24% | 3.37% | 0.13% |
| GOOGLAlphabet Inc | 3.01% | 3.15% | 0.14% |
| TSLATesla Inc | 2.91% | 2.93% | 0.02% |
| GOOGAlphabet Inc. C | 2.81% | 2.93% | 0.12% |
98.5% of QNDX is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QNDX or QQQ?
QNDX has an expense ratio of 0.10% while QQQ charges 0.18%. QNDX is the cheaper option, by $8 a year on a $10,000 investment.
What is the holdings overlap between QNDX and QQQ?
98.5% of QNDX's money is in holdings QQQ also owns. 98.5% of QQQ's is in holdings QNDX also owns. They hold 98 positions in common, counted across the 101 positions we hold weights for in QNDX and 101 in QQQ.
Which pays a higher dividend, QNDX or QQQ?
QNDX yields 0.12% while QQQ yields 0.43%, so QQQ currently pays the higher dividend yield.
Is QQQ better than QNDX?
QNDX has a lower expense ratio. QNDX is less concentrated, with 46.8% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.