QNDX vs SPY
State Street SPDR Portfolio Nasdaq 100 ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QNDX or SPY?
Large Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 46.4%.
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 | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $369M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 104 | 505 |
| YTD Return | -0.65% | +10.96%Best |
| 1Y Return | - | +15.52% |
| 3Y Return (annualized) | - | +20.73% |
| 5Y Return (annualized) | - | +12.53% |
| Top 10 Weight | 46.4% | 37.8%Best |
| Fund Family | SPDR State Street Global Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 24, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
QNDX vs SPY 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 SPY Performance
State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) is an ETF from SPDR State Street Global Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Year to date, QNDX is down 0.65% versus a gain of 10.96% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
QNDX charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, QNDX currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
94.4% of QNDX's money is in holdings SPY also owns. 53.9% of SPY's money is in holdings QNDX also owns.
Most of QNDX is already inside SPY. Owning both mostly buys the same companies twice.
87 positions in common, counted across the 103 positions we hold weights for in QNDX and 504 in SPY, against full books of 104 and 505.
What only one of them owns
Our book lists 410 positions for SPY that do not appear in our book for QNDX (45.4% of the fund), and 11 for QNDX that do not appear in SPY (3.4%).
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 SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.52% | 8.01% | 0.51% |
| AAPLApple, Inc | 7.42% | 7.26% | 0.16% |
| MSFTMicrosoft Corp | 6.01% | 5.66% | 0.35% |
| AMZNAmazon.Com Inc | 4.46% | 3.79% | 0.67% |
| MUMicron Technology, Inc. | 4.77% | 1.60% | 3.17% |
| GOOGLAlphabet Inc,class A | 3.16% | 2.99% | 0.17% |
| AVGOBroadcom Inc | 2.80% | 2.66% | 0.14% |
| GOOGAlphabet Inc | 2.92% | 2.39% | 0.53% |
| METAMeta Platforms Inc | 2.71% | 1.93% | 0.78% |
| AMDAdvanced Micro Devices Inc | 3.38% | 1.14% | 2.24% |
94.4% of QNDX is already inside SPY.
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 SPY?
QNDX has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option, by $1 a year on a $10,000 investment.
What is the holdings overlap between QNDX and SPY?
94.4% of QNDX's money is in holdings SPY also owns. 53.9% of SPY's is in holdings QNDX also owns. They hold 87 positions in common, counted across the 103 positions we hold weights for in QNDX and 504 in SPY.
Which pays a higher dividend, QNDX or SPY?
QNDX yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than QNDX?
SPY has a lower expense ratio. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 46.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.