QNDX vs. NAPR

Last updated Jul 15, 2026

QNDX (SPDR Portfolio Nasdaq 100 ETF) and NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) are both Nasdaq-100 funds - QNDX tracks the Nasdaq-100 Index while NAPR tracks the NASDAQ-100 Index. Both are passively managed. Their correlation of 0.95 suggests significant overlap in exposure. QNDX charges 0.10%/yr vs 0.79%/yr for NAPR.

Performance

QNDX vs. NAPR - Performance Comparison

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

Returns By Period

QNDX

• 1D: 1.12%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NAPR

• 1D: 0.40%
• 1M: 0.59%
• 6M: 9.93%
• YTD: 10.42%
• 1Y: 15.69%
• 3Y*: 12.04%
• 5Y*: 9.60%
• 10Y*: —

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

QNDX vs. NAPR - Yearly Performance Comparison

	2026 (YTD)
QNDX SPDR Portfolio Nasdaq 100 ETF	0.74%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	1.05%

Correlation

The correlation between QNDX and NAPR is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2026	0.95

Return for Risk

QNDX vs. NAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

NAPR

NAPR Risk / Return Rank: 97
NAPR Sharpe Ratio Rank: 97
NAPR Sortino Ratio Rank: 97
NAPR Omega Ratio Rank: 97
NAPR Calmar Ratio Rank: 97
NAPR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QNDX vs. NAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). 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	NAPR	Difference
Sharpe ratio: Return per unit of total volatility	—	3.53	—
Sortino ratio: Return per unit of downside risk	—	5.63	—
Omega ratio: Gain probability vs. loss probability	—	1.81	—
Calmar ratio: Return relative to maximum drawdown	—	8.81	—
Martin ratio: Return relative to average drawdown	—	45.19	—

Drawdowns

QNDX vs. NAPR - Drawdown Comparison

The maximum QNDX drawdown since its inception was -3.65%, smaller than the maximum NAPR drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for QNDX and NAPR.

Drawdown Indicators

	QNDX	NAPR	Difference
Max Drawdown Largest peak-to-trough decline	-3.65%	-16.53%	+12.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.53%	—
Current Drawdown Current decline from peak	-2.25%	-0.20%	-2.05%
Average Drawdown Average peak-to-trough decline	-1.71%	-2.25%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	QNDX	NAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.98%	4.46%	+18.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.98%	11.32%	+11.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	10.57%	+12.41%

QNDX vs. NAPR - Expense Ratio Comparison

QNDX has a 0.10% expense ratio, which is lower than NAPR's 0.79% expense ratio.

Dividends

QNDX vs. NAPR - Dividend Comparison

Neither QNDX nor NAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QNDX and NAPR in my portfolio?

With a correlation of 0.95, QNDX and NAPR 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 NAPR?

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 NAPR?

QNDX is cheaper with a 0.10% expense ratio, compared with 0.79% for NAPR.

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

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

What is the main difference between QNDX and NAPR?

QNDX tracks Nasdaq-100 Index, while NAPR tracks NASDAQ-100 Index. They also come from different issuers: State Street and Innovator. Their fees differ too: 0.10% for QNDX and 0.79% for NAPR.