QQQA vs. QNDX

Last updated Jul 18, 2026

QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and QNDX (SPDR Portfolio Nasdaq 100 ETF) are both Nasdaq-100 funds - QQQA tracks the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross while QNDX tracks the Nasdaq-100 Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. QQQA charges 0.58%/yr vs 0.10%/yr for QNDX.

Performance

QQQA vs. QNDX - Performance Comparison

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

Returns By Period

QQQA

• 1D: -0.45%
• 1M: -15.08%
• 6M: 34.74%
• YTD: 42.37%
• 1Y: 58.31%
• 3Y*: 24.51%
• 5Y*: 11.64%
• 10Y*: —

QNDX

• 1D: -1.55%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQA vs. QNDX - Yearly Performance Comparison

	2026 (YTD)
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	-13.31%
QNDX SPDR Portfolio Nasdaq 100 ETF	-2.69%

Correlation

The correlation between QQQA and QNDX is 0.92, 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	0.92

Return for Risk

QQQA vs. QNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQA

QQQA Risk / Return Rank: 69
QQQA Sharpe Ratio Rank: 68
QQQA Sortino Ratio Rank: 58
QQQA Omega Ratio Rank: 63
QQQA Calmar Ratio Rank: 77
QQQA Martin Ratio Rank: 78

QNDX

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

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.

QQQA vs. QNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and SPDR Portfolio Nasdaq 100 ETF (QNDX). 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.

	QQQA	QNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.22	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.15	—	—
Martin ratio: Return relative to average drawdown	11.47	—	—

Drawdowns

QQQA vs. QNDX - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, which is greater than QNDX's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for QQQA and QNDX.

Drawdown Indicators

	QQQA	QNDX	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-5.57%	-32.87%
Max Drawdown (1Y) Largest decline over 1 year	-18.63%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	—	—
Current Drawdown Current decline from peak	-18.63%	-5.57%	-13.06%
Average Drawdown Average peak-to-trough decline	-15.48%	-2.13%	-13.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	—	—

Volatility

Volatility by Period

	QQQA	QNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.18%	22.40%	+10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.38%	22.40%	+4.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.07%	22.40%	+4.67%

QQQA vs. QNDX - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is higher than QNDX's 0.10% expense ratio.

Dividends

QQQA vs. QNDX - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.03%, while QNDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
QNDX SPDR Portfolio Nasdaq 100 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.03%	0.10%	0.09%	0.34%	0.28%	0.10%

Frequently Asked Questions

Can I hold both QQQA and QNDX in my portfolio?

With a correlation of 0.92, QQQA and QNDX 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, QQQA or QNDX?

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, QQQA or QNDX?

QNDX is cheaper with a 0.10% expense ratio, compared with 0.58% for QQQA.

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

QQQA has the higher dividend yield at 0.03%, compared with 0.00% for QNDX.

What is the main difference between QQQA and QNDX?

QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while QNDX tracks Nasdaq-100 Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.58% for QQQA and 0.10% for QNDX.