Generated June 2026 from current fund data.
Overview
QNDX and VOO are both broad U.S. equity index ETFs, but they track different universes. VOO follows the S&P 500—500 large-cap stocks weighted by market cap—while QNDX tracks the Nasdaq-100, which holds 100 of the largest non-financial stocks, heavily concentrated in technology. The key distinction is sector tilt: VOO is diversified across all sectors; QNDX tilts growth and technology.
How they differ
The core difference is index composition and sector exposure. VOO holds 500 companies across financials, healthcare, industrials, and consumer sectors; QNDX's 100-stock roster is tech-heavy (roughly 50% of the index) with minimal financial-sector exposure. This makes QNDX structurally more volatile in market downturns that hit growth stocks.
VOO is the larger and more established fund, with $1033B in assets and a 13-year track record. QNDX is newer, having launched in mid-2026. VOO charges 0.03% annually; QNDX's expense ratio is not disclosed in the data provided. Both distribute quarterly and track index returns passively, but VOO's yield of 1.11% reflects the broader market's dividend stream, while QNDX's distribution rate is not available.
VOO has a reported beta of 1.0 (by definition, as the S&P 500 is the market benchmark). QNDX's beta is not reported, though holdings concentration in large-cap growth stocks suggests higher sensitivity to interest-rate and growth-sentiment shifts than the market average.
Who each is best for
- VOO: Fits investors seeking core equity exposure with minimal sector tilts, wanting to own the broadest definition of "large-cap America" with the lowest frictions (cost, tracking error, volatility).
- QNDX: Designed for investors comfortable with a concentrated growth tilt and willing to accept higher volatility in exchange for equity exposure skewed toward innovation-driven sectors and mega-cap tech leaders.
Key risks to know
- Concentration in mega-cap technology: QNDX's 100-stock structure and tech weighting mean performance hinges on a handful of firms (Apple, Microsoft, Nvidia, Tesla, and peers). A sharp correction in those names can drive outsized losses.
- Higher sensitivity to interest-rate moves: Growth stocks—the bulk of QNDX's holdings—tend to underperform when bond yields rise, since their valuations depend more heavily on distant future cash flows. VOO's financial and utility holdings provide a hedge.
- Sector concentration risk: QNDX's near-total exclusion of financials and low energy exposure means it misses diversification benefits during periods when those sectors lead the market.
- Tracking divergence in market corrections: QNDX's smaller AUM and newer inception date mean less operational scale and shorter performance history than VOO, which could affect liquidity and fund stability in severe stress scenarios.
Bottom line
If you want low-cost broad equity exposure with minimal sector bets, VOO's $1033B scale, 0.03% fee, and 13-year track record stand out. If you're tilted toward growth and believe large-cap tech will outpace the market, QNDX's Nasdaq-100 tilt delivers that conviction—though with steeper losses when sentiment shifts. Past performance doesn't predict future results; neither index guarantees returns.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
