QNDX vs. AVIE

Last updated Aug 6, 2026

QNDX (SPDR Portfolio Nasdaq 100 ETF) and AVIE (Avantis Inflation Focused Equity ETF) are both exchange-traded funds - QNDX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while AVIE is a Large Cap Blend Equities fund actively managed by Avantis. QNDX is passively managed, while AVIE is actively managed. Their -0.48 correlation means they have often moved in opposite directions in the past. QNDX charges 0.10%/yr vs 0.25%/yr for AVIE.

Performance

QNDX vs. AVIE - Performance Comparison

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

Returns By Period

QNDX

• 1D: -0.86%
• 1M: -0.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AVIE

• 1D: 0.15%
• 1M: 2.83%
• 6M: 8.83%
• YTD: 18.60%
• 1Y: 31.26%
• 3Y*: 12.78%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.48%

*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)
AVIE Avantis Inflation Focused Equity ETF	$105.07K	$109.47K	$101.49K
QNDX SPDR Portfolio Nasdaq 100 ETF	$14.09M	$14.07M	$12.53M

QNDX vs. AVIE - Yearly Performance Comparison

	2026 (YTD)
QNDX SPDR Portfolio Nasdaq 100 ETF	0.41%
AVIE Avantis Inflation Focused Equity ETF	4.87%

Correlation

The correlation between QNDX and AVIE is -0.48, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	-0.48

Return for Risk

QNDX vs. AVIE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QNDX

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

AVIE

AVIE Risk / Return Rank: 95
AVIE Sharpe Ratio Rank: 96
AVIE Sortino Ratio Rank: 96
AVIE Omega Ratio Rank: 95
AVIE Calmar Ratio Rank: 96
AVIE Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QNDX vs. AVIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) and Avantis Inflation Focused Equity ETF (AVIE). 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.

	QNDX	AVIE	Difference
Sharpe ratio: Return per unit of total volatility	—	3.15	—
Sortino ratio: Return per unit of downside risk	—	4.60	—
Omega ratio: Gain probability vs. loss probability	—	1.56	—
Calmar ratio: Return relative to maximum drawdown	—	6.32	—
Martin ratio: Return relative to average drawdown	—	21.54	—

Drawdowns

QNDX vs. AVIE - Drawdown Comparison

The maximum QNDX drawdown since its inception was -10.10%, smaller than the maximum AVIE drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for QNDX and AVIE.

Drawdown Indicators

	QNDX	AVIE	Difference
Max Drawdown Largest peak-to-trough decline	-10.10%	-12.39%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.39%	—
Current Drawdown Current decline from peak	-2.57%	-0.72%	-1.85%
Average Drawdown Average peak-to-trough decline	-3.71%	-2.92%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.46%	—

Volatility

Volatility by Period

	QNDX	AVIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.98%	9.98%	+15.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.98%	12.84%	+12.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	12.84%	+12.14%

QNDX vs. AVIE - Expense Ratio Comparison

QNDX has a 0.10% expense ratio, which is lower than AVIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QNDX vs. AVIE - Dividend Comparison

QNDX has not paid dividends to shareholders, while AVIE's dividend yield for the trailing twelve months is around 1.40%.

Position	TTM	2025	2024	2023	2022
AVIE Avantis Inflation Focused Equity ETF	1.40%	1.75%	1.89%	3.72%	0.39%
QNDX SPDR Portfolio Nasdaq 100 ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QNDX and AVIE in my portfolio?

QNDX and AVIE have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QNDX or AVIE?

On fees, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QNDX or AVIE?

QNDX is cheaper with a 0.10% expense ratio, compared with 0.25% for AVIE.

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

AVIE has the higher dividend yield at 1.40%, compared with 0.00% for QNDX.

What is the main difference between QNDX and AVIE?

QNDX is categorized as Nasdaq-100, while AVIE is Large Cap Blend Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.10% for QNDX and 0.25% for AVIE.