IQQ vs. QNDX

Last updated Jul 22, 2026

IQQ (iShares Nasdaq 100 ETF) and QNDX (SPDR Portfolio Nasdaq 100 ETF) are both Nasdaq-100 funds - IQQ tracks the NASDAQ-100 Index while QNDX tracks the Nasdaq-100 Index. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.

Performance

IQQ vs. QNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq 100 ETF (IQQ) and SPDR Portfolio Nasdaq 100 ETF (QNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQQ

• 1D: 1.87%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QNDX

• 1D: 1.87%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IQQ iShares Nasdaq 100 ETF	$42.46M	$42.46M	$42.46M

IQQ vs. QNDX - Yearly Performance Comparison

	2026 (YTD)
IQQ iShares Nasdaq 100 ETF	-1.68%
QNDX SPDR Portfolio Nasdaq 100 ETF	-0.37%

Correlation

The correlation between IQQ and QNDX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.95

Return for Risk

IQQ vs. QNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq 100 ETF (IQQ) and SPDR Portfolio Nasdaq 100 ETF (QNDX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IQQ vs. QNDX - Drawdown Comparison

The maximum IQQ drawdown since its inception was -4.15%, smaller than the maximum QNDX drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for IQQ and QNDX.

Drawdown Indicators

	IQQ	QNDX	Difference
Max Drawdown Largest peak-to-trough decline	-4.15%	-5.57%	+1.42%
Current Drawdown Current decline from peak	-2.28%	-3.73%	+1.45%
Average Drawdown Average peak-to-trough decline	-1.89%	-2.39%	+0.50%

Volatility

Volatility by Period

	IQQ	QNDX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.24%	22.36%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	22.36%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	22.36%	-2.12%

IQQ vs. QNDX - Expense Ratio Comparison

Both IQQ and QNDX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IQQ vs. QNDX - Dividend Comparison

Neither IQQ nor QNDX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IQQ and QNDX in my portfolio?

With a correlation of 0.95, IQQ and QNDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IQQ or QNDX?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQQ or QNDX?

IQQ and QNDX have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, IQQ or QNDX?

IQQ and QNDX have nearly identical dividend yields, around 0.00%.

What is the main difference between IQQ and QNDX?

IQQ tracks NASDAQ-100 Index, while QNDX tracks Nasdaq-100 Index. They also come from different issuers: iShares and State Street.