QNDX vs. IQQ

Last updated Aug 4, 2026

QNDX (SPDR Portfolio Nasdaq 100 ETF) and IQQ (iShares Nasdaq 100 ETF) are both Nasdaq-100 funds - QNDX tracks the Nasdaq-100 Index while IQQ tracks the NASDAQ-100 Index. Both are passively managed. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.10% expense ratio.

Performance

QNDX vs. IQQ - Performance Comparison

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

Returns By Period

QNDX

• 1D: 1.76%
• 1M: -1.78%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IQQ

• 1D: 1.76%
• 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	$29.42M	$36.69M	$36.69M
QNDX SPDR Portfolio Nasdaq 100 ETF	$12.14M	$13.95M	$12.24M

QNDX vs. IQQ - Yearly Performance Comparison

	2026 (YTD)
QNDX SPDR Portfolio Nasdaq 100 ETF	-1.62%
IQQ iShares Nasdaq 100 ETF	-2.95%

Correlation

The correlation between QNDX and IQQ is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2026	0.99

Return for Risk

QNDX vs. IQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) and iShares Nasdaq 100 ETF (IQQ). 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

QNDX vs. IQQ - Drawdown Comparison

The maximum QNDX drawdown since its inception was -10.10%, which is greater than IQQ's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for QNDX and IQQ.

Drawdown Indicators

	QNDX	IQQ	Difference
Max Drawdown Largest peak-to-trough decline	-10.10%	-8.80%	-1.30%
Current Drawdown Current decline from peak	-4.93%	-3.54%	-1.39%
Average Drawdown Average peak-to-trough decline	-3.83%	-3.69%	-0.14%

Volatility

Volatility by Period

	QNDX	IQQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	23.60%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.59%	23.60%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.59%	23.60%	-0.01%

QNDX vs. IQQ - Expense Ratio Comparison

Both QNDX and IQQ 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

QNDX vs. IQQ - Dividend Comparison

Neither QNDX nor IQQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QNDX and IQQ in my portfolio?

With a correlation of 0.99, QNDX and IQQ 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, QNDX or IQQ?

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, QNDX or IQQ?

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

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

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

What is the main difference between QNDX and IQQ?

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