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ETF Comparison

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

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

Data updated July 21, 2026

State Street
ETFs178
Total AUM$2025B

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
ETFs254
Total AUM$964B

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.

See all Invesco ETFs

Side-by-side snapshot

QNDXQQQM
Full nameState Street SPDR Portfolio Nasdaq 100 ETFInvesco NASDAQ 100 ETF
IssuerState StreetInvesco
Last Close$23.57 as of July 21, 2026$286.58 as of July 21, 2026
Distribution yield—0.49%
Distribution Safety Score™ —96
Expense ratio0.10%0.15%
AUM$24.9M$97.5B
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 with a lower expense ratio alternative to QQQ.
Asset classEquityEquity
Inception date06/24/202610/13/2020
Beta—1.18
Last dividend—$0.3520
Ex-dividend date—06/22/2026

— 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 QQQM if you want higher current income (0.49% while QNDX makes no distribution).

Income calculator

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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
QNDX-1.94%-1.94%
QQQM13.81%-2.07%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 20, 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 QQQM (Invesco NASDAQ 100 ETF) are both quarterly-pay ETFs, but they take different approaches.

QQQM currently shows a 0.49% 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 track different benchmarks: QNDX is linked to Nasdaq-100 Index while QQQM tracks NASDAQ-100 Index, which means their performance drivers differ.

QQQM has $97.5B 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 0.15% for QQQM.

Choose QQQM

Invesco NASDAQ 100 ETF

  • Want higher current income — QQQM yields 0.49% 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 QQQM would produce $4.08/month, at current distribution rates. Both pay quarterly distributions.

QNDX yield—
QQQM yield0.49%

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 $24.9M in assets. QQQM is managed by Invesco (launched 10/13/2020) with $97.5B in assets.

QNDX AUM$24.9M
QQQM AUM$97.5B
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Frequently asked questions

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 0.49%), 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.

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 monthly income estimate is not available. The same in QQQM would produce about $4.08 per month ($49.00 annually).

More comparisons to explore

QNDX vs QQQM — at a glance

Generated July 2026 from current fund data.

Overview

QNDX and QQQM are both ETFs tracking the Nasdaq-100 Index, giving investors exposure to 100 of the largest non-financial stocks on the Nasdaq exchange—heavily weighted toward technology and growth sectors. The key distinction is scale: QQQM is a mature, $96.8B fund launched in 2020, while QNDX is a newly launched State Street alternative with just $24.9M in AUM. Both charge minimal fees, but they differ slightly in expense ratio and distribution yield.

How they differ

QNDX costs 0.10% annually while QQQM charges 0.15%—a modest 5-basis-point gap that favors QNDX, though both are competitive. The real divergence is fund maturity and liquidity: QQQM holds $96.8B in assets and trades with institutional-scale volume, while QNDX arrived in June 2026 with minimal assets and is still building a track record. QQQM distributes 0.47% annually and carries a reported beta of 1.18, indicating it moves roughly in line with the broad market; QNDX's beta is not yet reported, likely because it's too new to have sufficient price history. Neither fund offers a meaningful yield—both are built for price appreciation, not income.

Who each is best for

QNDX: Fits investors who prioritize the absolute lowest expense ratio and are comfortable with limited liquidity and trading volume in exchange for a 5-basis-point fee savings on a core Nasdaq-100 position.

QQQM: Designed for investors building a core large-cap growth allocation and valuing the confidence that comes with an established fund, deep liquidity, measurable price history, and a proven track record of consistent index tracking.

Key risks to know

  • Concentration in technology and growth: Both ETFs inherit the Nasdaq-100's heavy tilt toward mega-cap technology stocks and secular growth winners, creating correlated downside during tech sector downturns or rising-rate environments.
  • Liquidity risk for QNDX: At $24.9M AUM, QNDX trades with minimal daily volume, creating wider bid-ask spreads than QQQM and potential slippage on larger orders—a practical cost that can exceed the 5-basis-point fee savings.
  • Beta amplification in QQQM: The reported 1.18 beta suggests QQQM amplifies broad market moves by roughly 18%, translating to steeper declines during market pullbacks and faster recoveries during rallies—a structural feature of large-cap growth index exposure.
  • Index concentration: The Nasdaq-100 is heavily weighted toward its largest components; both ETFs reflect that concentration, so performance hinges on whether mega-cap tech continues to drive market returns.

Bottom line

If you're drawn to the lowest possible expense ratio and accept illiquidity as a tradeoff, QNDX offers a marginal cost edge; if you value institutional-grade liquidity, established AUM, and minimal spreads, QQQM's track record and scale justify the 5-basis-point fee premium. Past performance doesn't predict future results.

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

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