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ETF Comparison

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

A head-to-head comparison of State Street SPDR Portfolio Nasdaq 100 ETF and Schwab U.S. Large-Cap Growth 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
Schwab
ETFs34
Total AUM$586B

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

Schwab is known for offering low-cost, broad-based ETFs that serve both core portfolio holdings and specialized investment strategies. Their 33-fund lineup spans multiple asset classes including bonds, equities, international markets, digital assets, and factor-based strategies, with a notable emphasis on dividend-focused funds like SCHD alongside core index options. The issuer emphasizes accessibility for individual investors through competitive expense ratios and a diverse range of fund families designed to support various investment objectives.

See our curated list of related YouTube videos on SCHG.

See all Schwab ETFs

Side-by-side snapshot

QNDXSCHG
Full nameState Street SPDR Portfolio Nasdaq 100 ETFSchwab U.S. Large-Cap Growth ETF
IssuerState StreetSchwab
Last Close$23.57 as of July 21, 2026$34.15 as of July 21, 2026
Distribution yield—0.40%
Distribution Safety Score™ —100
Expense ratio0.10%0.04%
AUM$24.9M$59.8B
Distribution frequencyQuarterlyQuarterly
Underlying indexNasdaq-100 IndexDow Jones U.S. Large-Cap Growth Total Stock Market Index
ObjectiveTrack the Nasdaq-100 Index at a low expense ratio for core large-cap growth equity exposure.Capital Appreciation
Asset classEquityEquity
Inception date06/24/202612/11/2009
Beta—1.21
Last dividend—$0.0340
Ex-dividend date—06/24/2026

— 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 SCHG if you want higher current income (0.40% 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
QNDX-1.94%-1.94%
SCHG5.31%3.55%

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 SCHG (Schwab U.S. Large-Cap Growth ETF) are both quarterly-pay ETFs, but they take different approaches.

SCHG currently shows a 0.40% distribution yield. QNDX has not yet established a full distribution history, so a comparable yield figure is not available.

SCHG is cheaper with an expense ratio of 0.04% compared to 0.10%.

They track different benchmarks: QNDX is linked to Nasdaq-100 Index while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.

SCHG has $59.8B 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.

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 SCHG would produce $3.33/month, at current distribution rates. Both pay quarterly distributions.

QNDX yield—
SCHG yield0.40%

Cost & efficiency

Over 10 years on $10,000, QNDX would cost approximately $100 in fees vs $40 for SCHG (simplified, not compounded). The $60.00 difference may be offset by yield or performance.

QNDX ER0.10%
SCHG ER0.04%

Strategy & risk

QNDX tracks Nasdaq-100 Index with a large cap approach, while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach.

QNDX beta—
SCHG beta1.21

Fund details

QNDX is managed by State Street (launched 06/24/2026) with $24.9M in assets. SCHG is managed by Schwab (launched 12/11/2009) with $59.8B in assets.

QNDX AUM$24.9M
SCHG AUM$59.8B
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Frequently asked questions

Which of QNDX or SCHG pays more dividend income?

SCHG 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 SCHG?

QNDX (State Street SPDR Portfolio Nasdaq 100 ETF) tracks Nasdaq-100 Index with a large cap approach, while SCHG (Schwab U.S. Large-Cap Growth ETF) tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index with a capital appreciation approach. They are issued by State Street and Schwab respectively.

Can I hold both QNDX and SCHG?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, QNDX or SCHG?

QNDX has an expense ratio of 0.10% while SCHG charges 0.04%. Lower fees mean more of your investment returns stay in your pocket over time.

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

At current rates, QNDX has not established a distribution history yet, so a monthly income estimate is not available. The same in SCHG would produce about $3.33 per month ($40.00 annually).

More comparisons to explore

QNDX vs SCHG — at a glance

Generated July 2026 from current fund data.

Overview

Both QNDX and SCHG are large-cap growth ETFs tracking U.S. equity indexes, but they differ in scope and underlying construction. QNDX tracks the Nasdaq-100 (100 mega-cap stocks, heavily weighted to technology), while SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index (a broader universe of large-cap growth stocks). The key tradeoff: concentrated tech exposure versus diversified large-cap growth.

How they differ

QNDX's biggest distinction is its Nasdaq-100 focus, which gives it a concentrated tilt toward technology mega-caps—think Apple, Microsoft, Tesla, Nvidia. SCHG casts a wider net across large-cap growth stocks across all sectors using the Dow Jones index methodology, offering more sector diversity. SCHG also has a lower expense ratio (0.04% versus 0.10%) and a much larger asset base ($58.4B versus $24.9M), translating to better liquidity and lower trading costs in practice. QNDX distributes quarterly at a slightly higher rate (implicitly from its tax treatment), while SCHG distributes at 0.39% annually; neither is a yield play. Finally, SCHG carries a reported beta of 1.21, reflecting its sensitivity to market swings relative to the broad market.

Who each is best for

QNDX: Investors comfortable with a concentrated bet on mega-cap technology and are willing to accept the sector concentration that comes with Nasdaq-100 exposure. Fits strategies that deliberately overweight the largest software, semiconductor, and internet companies.

SCHG: Investors seeking broad large-cap growth exposure across all sectors with lower fees and deeper liquidity. Aligns with core growth allocations where diversification across sectors is a priority over thematic concentration.

Key risks to know

  • Concentration risk in QNDX: The Nasdaq-100's top holdings represent a significant portion of the index. A downturn in mega-cap tech has outsized impact on QNDX relative to a diversified large-cap fund.
  • Sector cyclicality: Both funds carry large-cap growth exposure, which underperforms during periods when value or defensive sectors lead. QNDX's tech tilt amplifies this cyclical risk.
  • Valuation sensitivity: Large-cap growth stocks are historically more sensitive to rising interest rates and multiple compression. Both funds' NAVs can swing materially during rate-driven market corrections.
  • QNDX's limited track record and size: Launched in mid-2026 with only $24.9M in assets, QNDX has minimal operating history and liquidity compared to SCHG's 15-year track record and $58.4B in AUM. Early-stage ETFs carry closure or structural risk if assets don't grow.

Bottom line

If you want concentrated exposure to mega-cap technology, QNDX delivers it at a tight 0.10% expense ratio but sacrifices diversification and carries structural immaturity risk. If you prioritize broad large-cap growth with lower fees, deeper liquidity, and a longer operating history, SCHG's 0.04% expense ratio and $58.4B asset base stand out. Neither is designed for income; both are core growth vehicles. Past performance does not 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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