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.

Updated September 30, 2026

No track record yet. QNDX launched within the last six months. The forward distribution rate is left blank until a payout is published.

How these figures are calculated: methodology.

Visual comparison

Key metrics

Projected income on $10K

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 lagged SCHG over the shared window since Jun 2026, posting a 4.36% total return against 9.06%. SCHG has been the steadier holding, though — annualized volatility of 14.4% against 19.6% for QNDX. 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.
Symbol	Since Jun 2026	Volatility	Sharpe	Sortino	Max drawdown
QNDX	4.36%	19.6%	0.58	0.92	-10.1%
SCHG	9.06%	14.4%	1.92	3.22	-4.8%

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.
Metric	QNDX	SCHG
Full name	State Street SPDR Portfolio Nasdaq 100 ETF	Schwab U.S. Large-Cap Growth ETF
Issuer	State Street	Schwab
Underlying index	Nasdaq-100 Index	Dow Jones U.S. Large-Cap Growth Total Stock Market Index
Last Close	$25.06 as of September 30, 2026	$35.93 as of September 30, 2026
Distribution rate	—	0.41%
Trailing 12-month yield	0.11%	0.39%
Distribution Safety Score™	50	100
Safety-Adjusted Yield	—	0.41%
Expense ratio	0.10%	0.04%
AUM	$434M	$64.3B
Distribution frequency	Quarterly	Quarterly
Objective	Track the Nasdaq-100 Index at a low expense ratio for core large-cap growth equity exposure.	Seeks to track the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, holding the components ranked 1-750 by full market capitalization that are classified as growth.
Asset class	Equity	Equity
Inception date	06/24/2026	12/11/2009
Beta	—	1.22
Last dividend	$0.027	$0.037
Ex-dividend date	09/21/2026	09/23/2026

— 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.

Model this comparison:

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State Street

ETFs179

Total AUM$2148B

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

ETFs33

Total AUM$612B

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

Schwab is a major provider of low-cost, broad-based ETFs known for making investing accessible to individual investors through its discount brokerage platform. The issuer's fund lineup spans multiple categories including core index funds, dividend and income-focused strategies, factor-based approaches, international exposure, fixed income, and digital assets, with popular core holdings like SCHB (U.S. broad market) and SCHD (dividend appreciation) alongside more specialized thematic offerings. Schwab's ETF suite is characterized by its breadth across asset classes and investment styles, competitive expense ratios, and integration with its retail brokerage ecosystem.

See our curated list of related YouTube videos on SCHG.

See all Schwab ETFs

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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 0.41% 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 have different reference exposures: QNDX is linked to Nasdaq-100 Index while SCHG is linked to Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which means their performance drivers differ.

SCHG has $64.3B 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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Deep dive

Yield & income

On a $10,000 investment, QNDX has no reported distribution yield yet, so a cash estimate is not available, while SCHG would produce $10.25 cash per distribution, at current distribution rates. Both pay quarterly distributions.

QNDX yield—

SCHG yield0.41%

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.

QNDX beta—

SCHG beta1.22

Fund details

QNDX is managed by State Street (launched 06/24/2026) with $434M in assets. SCHG is managed by Schwab (launched 12/11/2009) with $64.3B in assets.

QNDX AUM$434M

SCHG AUM$64.3B

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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. 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.

Is QNDX or SCHG safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — SCHG scores 100, QNDX scores 50, so SCHG'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 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 cash estimate is not available. The same in SCHG would produce about $10.25 cash per distribution ($41.00 annually).

Which has performed better historically, QNDX or SCHG?

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Dividend dates and history

QNDX vs SCHG — at a glance

Generated September 26, 2026.

Overview

QNDX and SCHG are both large-cap growth equity ETFs tracking different indexes at minimal cost, but they differ in their underlying exposure and fund maturity. Large-Cap Growth Total Stock Market Index and casts a wider net across 750 growth-classified companies across all sectors. QNDX is a newer, smaller fund launched in mid-2026; SCHG is an established $64.3B fund with a track record dating to late 2009.

How they differ

The biggest difference is index composition. QNDX holds 100 large-cap stocks dominated by technology, while SCHG holds up to 750 large-cap growth stocks across all sectors and regions. This makes QNDX more concentrated and tech-tilted; SCHG is broader and more diversified. SCHG also distributes a yield of 0.41%, while QNDX does not report a distribution rate, suggesting minimal or no regular payouts.

A third distinction is fund scale and history. QNDX is much younger at 3 months and holds only $434M, making it a newer entry in the growth ETF space.

Who each is best for

QNDX: Fits investors seeking concentrated large-cap technology and innovation exposure with the lowest possible fees, and who are comfortable with a newer fund and higher Nasdaq-100 concentration.

SCHG: Fits investors wanting diversified large-cap growth exposure across sectors with a longer operating history and low fees, and who value a modest quarterly dividend yield and an established fund structure.

Key risks to know

Concentration and sector tilt. QNDX holds only 100 stocks with heavy weighting to technology and mega-cap software and semiconductor names. A downturn in tech or a repricing of high-valuation growth stocks will affect QNDX more sharply than SCHG's broader 750-stock mandate.

Nasdaq-100 versus broad large-cap growth divergence. QNDX's Nasdaq-100 exposure excludes some large-cap financial and industrial growth companies that SCHG captures. If growth leadership shifts away from Nasdaq dominance, QNDX may underperform its benchmark while missing broader sector strength.

Growth-stock volatility. Large-cap growth stocks are sensitive to interest-rate expectations and earnings revisions. Both funds will experience sharp drawdowns in growth-style corrections, though the risk applies across both.

Bottom line

If you want the narrowest tech-focused large-cap exposure at the absolute lowest cost, QNDX appeals; if you prefer diversified large-cap growth across sectors with an established fund, lower fees, and a small dividend yield, SCHG's broader index and much larger asset base fit a different profile. The tradeoff is concentration and minimal cost (QNDX) versus diversification and operational maturity (SCHG). 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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These comparisons follow the Dividend Vision methodology.