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ETF Comparison

QNDX vs QQQ: Which Is the Better Pick in 2026?

A head-to-head comparison of State Street SPDR Portfolio Nasdaq 100 ETF and Invesco QQQ Trust covering yield, cost, risk, and income potential.

Data updated July 9, 2026

State Street
ETFs182
Total AUM$2113B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.

See our curated list of related YouTube videos on QNDX.

See all State Street ETFs
Invesco
ETFs255
Total AUM$971B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Invesco is a major player in the ETF space known for offering a broad, diversified lineup of 71 funds spanning multiple investment themes and strategies. Their portfolio spans income-focused funds, factor-based equity strategies, commodity exposure, digital assets, ESG investing, and the popular Invesco QQQ family tracking the Nasdaq-100, serving both income-seeking and growth-oriented investors. The issuer is particularly recognized for specialized offerings like BulletShares (laddered bond funds), sector rotation strategies, and thematic investing options, making it a comprehensive choice for investors seeking varied exposures beyond traditional index funds.

See our curated list of related YouTube videos on QQQ.

See all Invesco ETFs

Side-by-side snapshot

QNDXQQQ
Full nameState Street SPDR Portfolio Nasdaq 100 ETFInvesco QQQ Trust
IssuerState StreetInvesco
Last Close$24.49 as of July 9, 2026$723.28 as of July 9, 2026
Distribution yield—0.44%
Distribution Safety Score —95
Expense ratio0.10%0.18%
AUM$24.9M$481B
Distribution frequencyQuarterlyQuarterly
Underlying indexNasdaq-100 IndexNasdaq-100 Index
ObjectiveTrack the Nasdaq-100 Index at a low expense ratio for core large-cap growth equity exposure.Track the Nasdaq-100 Index, which includes 100 of the largest non-financial Nasdaq stocks.
Asset classEquityEquity
Inception date06/24/202603/10/1999
Beta—1.23
Last dividend—$0.7941
Ex-dividend date—12/21/2026

— Distribution yield, last dividend, and ex-dividend date are not yet available because QNDX launched June 2026; these fields will populate after the first distribution.

Bottom lineChoose QNDX if you want a growth tilt and can accept bigger swings for higher upside. Choose QQQ if you want higher current income (0.44% while QNDX makes no distribution).

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

SymbolYTDSince Jun 2026
QNDX1.89%1.89%
QQQ18.25%1.78%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 9, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2026” measures every fund from June 24, 2026 — the youngest fund's first trading day — so all funds share one comparison window.

Quick verdict

QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) and QQQ (Invesco QQQ Trust) are both quarterly-pay ETFs, but they take different approaches.

QQQ currently shows a 0.44% distribution yield. QNDX has not yet established a full distribution history, so a comparable yield figure is not available.

QNDX is cheaper with an expense ratio of 0.10% compared to 0.18%.

QQQ has $481B in assets vs $24.9M for QNDX, but QNDX only launched June 2026 — AUM comparisons will become more meaningful as it builds a track record.

Who should choose each?

Choose QNDX

State Street SPDR Portfolio Nasdaq 100 ETF

  • Want a growth tilt and can accept larger swings for more upside.
  • Want to keep costs low — a 0.10% expense ratio vs 0.18% for QQQ.

Choose QQQ

Invesco QQQ Trust

  • Want higher current income — QQQ yields 0.44% while QNDX makes no distribution.
  • Want a growth tilt and can accept larger swings for more upside.
  • Prefer an established track record — QNDX only launched June 2026.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, QNDX has no reported distribution yield yet, so a monthly income estimate is not available, while QQQ would produce $3.67/month, at current distribution rates. Both pay quarterly distributions.

QNDX yield—
QQQ yield0.44%

Cost & efficiency

Over 10 years on $10,000, QNDX would cost approximately $100 in fees vs $180 for QQQ (simplified, not compounded). The $80.00 difference may be offset by yield or performance.

QNDX ER0.10%
QQQ ER0.18%

Strategy & risk

Both QNDX and QQQ wrap Nasdaq-100 Index with similar strategies (large cap and growth). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic.

QNDX beta—
QQQ beta1.23

Fund details

QNDX is managed by State Street (launched 06/24/2026) with $24.9M in assets. QQQ is managed by Invesco (launched 03/10/1999) with $481B in assets.

QNDX AUM$24.9M
QQQ AUM$481B
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Frequently asked questions

Which of QNDX or QQQ pays more dividend income?

QQQ currently reports a distribution yield, while QNDX has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between QNDX and QQQ?

Both QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) and QQQ (Invesco QQQ Trust) track Nasdaq-100 Index with similar approaches — the labels "large cap" and "growth" describe closely related mechanics. The real differences show up in yield target (— vs 0.44%), expense ratio (0.10% vs 0.18%), and issuer (State Street vs Invesco).

Can I hold both QNDX and QQQ?

You can, but expect significant overlap. Both funds use similar strategies on Nasdaq-100 Index, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.

Which has lower fees, QNDX or QQQ?

QNDX has an expense ratio of 0.10% while QQQ charges 0.18%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in QNDX vs QQQ generate?

At current rates, QNDX has not established a distribution history yet, so a monthly income estimate is not available. The same in QQQ would produce about $3.67 per month ($44.00 annually).

More comparisons to explore

QNDX vs QQQ — at a glance

Generated June 2026 from current fund data.

Overview

QNDX and QQQ are both ETFs tracking the Nasdaq-100 Index, giving investors exposure to 100 of the largest non-financial companies listed on Nasdaq—predominantly tech and growth stocks. The key distinction is that QQQ is the established, mega-cap option with $481B in assets and a 25-year track record, while QNDX is State Street's newer entry into the same market, launched in mid-2026 as a lower-cost alternative.

How they differ

Both funds track the identical underlying index, so their long-term performance should converge closely. QQQ carries a 0.18% expense ratio and sports a 1.23 beta, reflecting its sensitivity to broad tech and growth swings. QNDX's expense ratio and beta are not reported, making direct cost and volatility comparisons impossible at present. QQQ's $481B asset base dwarfs QNDX's, which translates to tighter bid-ask spreads and greater liquidity for QQQ—a material advantage for frequent traders or large positions. QNDX's much newer inception date (June 2026 versus March 1999) means it lacks historical performance data investors can study, while QQQ offers 25 years of documented results through multiple market cycles.

Who each is best for

QQQ: Fits investors seeking a well-established, liquid Nasdaq-100 core holding with proven long-term track record and minimal trading friction. The 0.44% distribution rate appeals to those wanting modest quarterly income alongside growth.

QNDX: Fits investors who prioritize cost efficiency and are comfortable trusting a brand-new fund with limited operating history, provided State Street eventually discloses competitive fee and risk metrics.

Key risks to know

  • Nasdaq concentration: Both funds carry concentrated exposure to a handful of mega-cap tech stocks. A sharp pullback in the "Magnificent Seven" or tech sector broadly will hit both funds similarly and significantly.
  • Growth-stock sensitivity: With a 1.23 beta, QQQ amplifies market swings—up sharply in bull runs, down harder in corrections. QNDX's beta is unknown, limiting risk assessment.
  • Valuation risk: The Nasdaq-100 trades at elevated price-to-earnings multiples relative to the broad market. Compression in growth valuations poses a structural headwind to both.
  • QNDX track record gap: QNDX has no meaningful operating history. Performance, fee adherence, and trading mechanics cannot yet be validated, creating execution and operational risk for early adopters.

Bottom line

QQQ offers liquidity, transparency, and a proven 25-year operating record at a reasonable 0.18% cost; QQQ fits investors wanting to own Nasdaq-100 exposure with minimal friction and maximum certainty. QNDX represents State Street's competitive bid for the same exposure, but without disclosed fees, beta, or any historical performance to evaluate. The choice hinges on whether you value the certainty of an established fund versus the potential cost savings of an untested newcomer—though QNDX's actual expense advantage remains unclear without published figures. Past performance does not guarantee future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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