Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
QNDX has outpaced QQQM over the shared window since Jun 2026, posting a 4.36% total return against 4.21%. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jun 2026” measures every fund from June 24, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Jun 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Jun 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
— Distribution rate, Safety-Adjusted 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 lineWe won't call this one: QNDX launched June 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional.
Same index: compare the wrapper, not the holdings
Because both ETFs track the Nasdaq-100, neither offers meaningful diversification from the other. Fee, liquidity, tracking, and the tax consequences of switching are the differences investors can actually act on.
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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Invesco is a major ETF provider known for offering a comprehensive lineup spanning multiple asset classes and investment strategies. The company specializes in income-focused products including dividend, covered call, and bond strategies, while also maintaining broad exposure across equity, factor-based, thematic, and ESG investing themes. Invesco's portfolio ranges from index-tracking funds to alternatives and specialized offerings like digital assets and BulletShares, making it one of the more expansive ETF families available to investors.
See our curated list of related YouTube videos on QQQM.
QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) and QQQM (Invesco NASDAQ 100 ETF) are both quarterly-pay ETFs, but they take different approaches.
QQQM currently shows a 0.41% 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 0.15%.
They have different reference exposures: QNDX is linked to Nasdaq-100 Index while QQQM is linked to NASDAQ-100 Index, which means their performance drivers differ.
QQQM has $110B in assets vs $434M for QNDX, but QNDX only launched June 2026 — AUM comparisons will become more meaningful as it builds a track record.
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On a $10,000 investment, QNDX has no reported distribution yield yet, so a cash estimate is not available, while QQQM would produce $10.25 cash per distribution, at current distribution rates. Both pay quarterly distributions.
QNDX yield—
QQQM yield0.41%
Cost & efficiency
Over 10 years on $10,000, QNDX would cost approximately $100 in fees vs $150 for QQQM (simplified, not compounded). The $50.00 difference may be offset by yield or performance.
QNDX ER0.10%
QQQM ER0.15%
Strategy & risk
Both QNDX and QQQM 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—
QQQM beta1.18
Fund details
QNDX is managed by State Street (launched 06/24/2026) with $434M in assets. QQQM is managed by Invesco (launched 10/13/2020) with $110B in assets.
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Frequently asked questions
If QNDX and QQQM track the same index, what actually differs?
QNDX and QQQM both track the Nasdaq-100, so their underlying stock exposure should be very similar. The decision is mostly implementation: QNDX charges 0.10% and has $434M in assets, while QQQM charges 0.15% and has $110B. The larger, older fund may trade with more established liquidity; the lower fee matters gradually. Compare bid-ask spreads and any tax cost before switching an existing holding. Figures as of September 2026.
Which of QNDX or QQQM pays more dividend income?
QQQM 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 QQQM?
Both QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) and QQQM (Invesco NASDAQ 100 ETF) 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 0.41%), expense ratio (0.10% vs 0.15%), and issuer (State Street vs Invesco).
Can I hold both QNDX and QQQM?
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.
Is QNDX or QQQM safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — QQQM scores 97, QNDX scores 50, so QQQM's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee.
Which has lower fees, QNDX or QQQM?
QNDX has an expense ratio of 0.10% while QQQM charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in QNDX vs QQQM generate?
At current rates, QNDX has not established a distribution history yet, so a cash estimate is not available. The same in QQQM would produce about $10.25 cash per distribution ($41.00 annually).
Which has performed better historically, QNDX or QQQM?
QNDX has outpaced QQQM over the shared window since Jun 2026, posting a 4.36% total return against 4.21%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Both aim to deliver the index return at rock-bottom cost.
How they differ
The most immediate difference is fund size. On fees, QNDX carries a 0.10% expense ratio versus QQQM's 0.15%, a five-basis-point gap that compounds into meaningful savings over decades. QQQM reports a 0.41% distribution yield with quarterly distributions; QNDX's yield is not published. QQQM has operated since 10/13/2020, while QNDX's 3 months means it has no published performance track record.
Who each is best for
QNDX: Investors seeking Nasdaq-100 exposure at the absolute lowest expense ratio, or those drawn to State Street's custody and issuer infrastructure in a newer fund structure with a smaller investor base.
Key risks to know
Index concentration in technology: Both funds replicate the Nasdaq-100, which holds a substantial portion in large technology stocks. A sector downturn or valuation correction in mega-cap tech could materially affect both funds similarly, so their exposures overlap significantly and offer no diversification cushion.
Tracking error or deviation in a new fund:QNDX's recent inception (06/24/2026) means it has no published performance history and no established operational track record. Early-stage ETFs occasionally experience subtle tracking challenges, sampling differences, or cash-drag effects that may take time to surface.
NAV premium or discount in lower-AUM funds:QNDX's smaller asset base ($434M) carries a higher risk of trading at a discount to net asset value during periods of weak demand or market stress, particularly if early investors initiate redemptions.
Market sensitivity (QQQM):QQQM's published beta of 1.18 indicates it amplifies broad market moves by roughly 18%. In a sharp market correction, losses will exceed the index; in sharp rallies, gains will exceed it.
Bottom line
QQQM offers proven scale, liquidity, and a track record spanning years. QNDX offers the lowest expense ratio and State Street's infrastructure, but with less operational history and smaller asset base. If you value certainty and ample trading liquidity, QQQM's scale and tenure carry weight; if you're comfortable with a younger fund and value fee savings, QNDX deserves consideration. Past performance does not predict future results, and both funds are designed to replicate the Nasdaq-100 within their operational constraints.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
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