QNDX vs. SPYG
QNDX (SPDR Portfolio Nasdaq 100 ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - QNDX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Their 0.96 correlation means they have historically moved very closely together. QNDX charges 0.10%/yr vs 0.04%/yr for SPYG.
Performance
QNDX vs. SPYG - Performance Comparison
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Returns By Period
QNDX
- 1D
- -0.86%
- 1M
- -0.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPYG
- 1D
- -0.21%
- 1M
- 2.99%
- 6M
- 17.86%
- YTD
- 14.87%
- 1Y
- 25.55%
- 3Y*
- 26.88%
- 5Y*
- 14.03%
- 10Y*
- 17.77%
- ALL TIME*
- 7.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.09M | $14.07M | $12.53M | |
| $396.67M | $305.79M | $315.86M |
QNDX vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.41% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 5.67% |
Correlation
The correlation between QNDX and SPYG is 0.96 - 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 Jun 24, 2026 | 0.96 |
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Return for Risk
QNDX vs. SPYG — Risk / Return Rank
QNDX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYG
QNDX vs. SPYG - 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 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.86 | — |
| Martin ratioReturn relative to average drawdown | — | 6.77 | — |
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Drawdowns
QNDX vs. SPYG - Drawdown Comparison
The maximum QNDX drawdown since its inception was -10.10%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for QNDX and SPYG.
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Drawdown Indicators
| QNDX | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.10% | -67.63% | +57.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -2.57% | -0.21% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -24.19% | +20.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.78% | — |
Volatility
QNDX vs. SPYG - Volatility Comparison
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Volatility by Period
| QNDX | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 18.25% | +6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 21.56% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 20.82% | +4.16% |
QNDX vs. SPYG - Expense Ratio Comparison
QNDX has a 0.10% expense ratio, which is higher than SPYG's 0.04% 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. SPYG - Dividend Comparison
QNDX has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.47%.
| 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.47% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
With a correlation of 0.96, QNDX and SPYG 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.
On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.10% for QNDX.
SPYG has the higher dividend yield at 0.47%, compared with 0.00% for QNDX.
QNDX is categorized as Nasdaq-100, while SPYG is S&P 500. QNDX tracks Nasdaq-100 Index, while SPYG tracks S&P 500 Growth Index. Their fees differ too: 0.10% for QNDX and 0.04% for SPYG.
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