QNDX vs. SPYD
QNDX (SPDR Portfolio Nasdaq 100 ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - QNDX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Their -0.36 correlation means they have often moved in opposite directions in the past. QNDX charges 0.10%/yr vs 0.07%/yr for SPYD.
Performance
QNDX vs. SPYD - Performance Comparison
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Returns By Period
QNDX
- 1D
- -0.86%
- 1M
- -0.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPYD
- 1D
- -0.62%
- 1M
- 3.70%
- 6M
- 9.03%
- YTD
- 17.85%
- 1Y
- 21.24%
- 3Y*
- 14.61%
- 5Y*
- 9.28%
- 10Y*
- 8.81%
- ALL TIME*
- 9.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.09M | $14.07M | $12.53M | |
| $61.34M | $50.93M | $56.49M |
QNDX vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.41% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.70% |
Correlation
The correlation between QNDX and SPYD is -0.36, 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 | -0.36 |
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Return for Risk
QNDX vs. SPYD — Risk / Return Rank
QNDX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYD
QNDX vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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 | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.03 | — |
| Martin ratioReturn relative to average drawdown | — | 8.97 | — |
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Drawdowns
QNDX vs. SPYD - Drawdown Comparison
The maximum QNDX drawdown since its inception was -10.10%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for QNDX and SPYD.
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Drawdown Indicators
| QNDX | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.10% | -46.42% | +36.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -2.57% | -1.31% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -6.08% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.38% | — |
Volatility
QNDX vs. SPYD - Volatility Comparison
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Volatility by Period
| QNDX | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 11.87% | +13.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 15.96% | +9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 19.77% | +5.21% |
QNDX vs. SPYD - Expense Ratio Comparison
QNDX has a 0.10% expense ratio, which is higher than SPYD's 0.07% expense ratio. However, 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. SPYD - Dividend Comparison
QNDX has not paid dividends to shareholders, while SPYD's dividend yield for the trailing twelve months is around 4.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.07% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
QNDX and SPYD have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.10% for QNDX.
SPYD has the higher dividend yield at 4.07%, compared with 0.00% for QNDX.
QNDX is categorized as Nasdaq-100, while SPYD is S&P 500. QNDX tracks Nasdaq-100 Index, while SPYD tracks S&P 500 High Dividend Index. Their fees differ too: 0.10% for QNDX and 0.07% for SPYD.
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