QNDX vs QNXT: Grades, Fees and Holdings Compared

State Street SPDR Portfolio Nasdaq 100 ETF

QNDXBNasdaq

iShares Nasdaq-100 ex Top 30 ETF

QNXTBNasdaq

Overlap

23.1%by weight

Expense ratio

QNDX −0.10pt a year

QNDX0.10%QNXT0.20%

Avg volume · 30D

QNDX 102.4×the volume

QNDX656KQNXT6.41K

QNDX vs QNXT Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%QNDX+0.1%QNXT

Expense ratio: QNDX 0.10%, better; QNXT 0.20%
Fund size: QNDX $669M; QNXT $28M
1Y total return: QNDX No data; QNXT +9.7%
Yield (12M): QNDX No data; QNXT 0.71%
Holdings: QNDX 103; QNXT 72
Avg volume (30D): QNDX 656K sh, better; QNXT 6.41K sh
NAV per share: QNDX $24.22; QNXT $30.66
52W range

ETF.net Grade

Pillar letters and Scores for QNDX, QNXT, with each pillar’s weight
Pillar	QNDX	QNXT
Cost30% weight	A88Higher	C46
Mission25% weight	Not scored	A72
Risk15% weight	C50	A72Higher
Tradability15% weight	C54Higher	D33
Holdings10% weight	B61	A77Higher
Durability5% weight	C44Higher	D36

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. QNDX and QNXT are both graded against the same 10 Nasdaq-100 funds, so their Grades compare head to head.

Nasdaq-100⁠

Category · 10 funds

See all 10 ›

QNDX ranks 4th and QNXT 6th of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 76
Rank 3AIQQiShares Nasdaq 100 ETFScore 70
Rank 4BQNDXState Street SPDR Portfolio Nasdaq 100 ETFScore 67
Rank 5BQQMGInvesco ESG NASDAQ 100 ETFScore 59
Rank 6BQNXTiShares Nasdaq-100 ex Top 30 ETFScore 56
Rank 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52

Our read on each fund

ETF.net Research

QNDXBState Street SPDR Portfolio Nasdaq 100 ETF

QNXTBiShares Nasdaq-100 ex Top 30 ETF

In short

QNDX No data

QNXT The Nasdaq-100 with its 30 giants cut out. QNXT holds the roughly 70 names that normally sit in the shadow of the index's mega-caps, wrapped at 0.20% a year.

Stated mandate

QNDX No data

QNXT The fund seeks to track an index of the 30 largest companies by market capitalization within the Nasdaq-100, providing focused exposure to U.S. mega-cap growth leaders.

Why people hold it

QNDX No data

QNXT Built to exclude the Nasdaq-100's 30 largest members, so roughly 70 second-tier names set the outcome instead of riding behind the giants.
0.20% a year, less than half the typical fee among index trackers in its peer group.
Rules-based iShares wrapper on a published Nasdaq-100 subset index: no manager stock-picking, and it distributes quarterly.

Worth knowing

QNDX No data

QNXT Light trading and a small asset base, so bid-ask spreads can run wider than on the flagship Nasdaq funds.
Short history: it began trading in October 2024, well short of a full market cycle to judge it by.
Still narrow. About 70 stocks from one large-cap index means cutting the top 30 shifts the concentration rather than removing it.

Full QNDX profile⁠

Full QNXT profile⁠

QNDX vs QNXT Holdings

How QNDX and QNXT differ

Overlap by weight

23.1%

Shared holdings make up 99.9% of QNXT and 23.1% of QNDX.

Level by level

Holdings69 in both23.1%
Countryby domicile90.9%
Asset classEquity100%

Sector

No Sector split for QNDX and QNXT.

Country, concentration and asset class

Country by domicile

Country weights in QNDX and QNXT, widest gap first
Country	More in QNDXMore in QNXT	QNDX	QNXT
United States	QNDX +9.1 points	97.3%	88.2%
Canada	QNXT +3.5 points	1.1%	4.6%
Netherlands	QNXT +2.8 points	0.9%	3.7%
Brazil	QNXT +1.2 points	0.4%	1.6%
China	QNXT +0.8 points	0.2%	1.0%
United Kingdom	QNXT +0.7 points	0.2%	0.9%

Concentration

Weight in the 10 largest Holdings

QNDX46.5%
QNXT30.3%

Securities held

QNDX101
QNXT69

Asset class

QNDX: Equity
QNXT: Equity

Holdings

Only in QNDX32
In both69
Only in QNXT0

Only in QNDX

32 securities, 76.8% of QNDX by weight

NVIDIA Corp8.08%
Apple Inc7.99%
Microsoft Corp6.18%
Micron Technology Inc4.58%
Amazon.com Inc4.13%
Advanced Micro Devices4.00%
Tesla Inc3.33%
Meta Platforms Inc Class A2.91%
Space Exploration Techn Class A2.68%
Alphabet Inc Class A2.61%
Broadcom Inc2.58%
Walmart Inc2.56%
Alphabet Inc Class C2.45%
Intel Corp2.10%
Palantir Technologies Inc A1.96%
Costco Wholesale Corp1.92%
Cisco Systems Inc1.85%
Applied Materials Inc1.45%
Lam Research Corp1.38%
Palo Alto Networks Inc1.35%
Texas Instruments Inc1.23%
Crowdstrike Holdings Inc A1.16%
Netflix Inc1.12%
Amgen Inc1.08%
Linde PLC1.00%
Kla Corp0.95%
Sandisk Corp0.84%
Marvell Technology Inc0.83%
Pepsico Inc0.79%
Seagate Technology Holdings0.69%
T Mobile Us Inc0.69%
Moderna Inc0.39%

Only in QNXT

0 securities, 0.0% of QNXT by weight

Weight gaps

All 69 Holdings in both funds, largest gap first.

Holding weights in QNDX and QNXT, widest gap first
Holding	More in QNDXMore in QNXT	QNDX	QNXT
Gilead Sciences IncGILD	QNXT +3.16 points	0.89%	4.05%
Analog Devices IncADI	QNXT +2.95 points	0.91%	3.86%
Shopify Inc Class ASHOP	QNXT +2.77 points	0.87%	3.64%
Qualcomm IncQCOM	QNXT +2.47 points	0.84%	3.31%
Intuitive Surgical IncISRG	QNXT +2.23 points	0.69%	2.92%
Asml Holding NV Ny Reg ShsASML	QNXT +2.12 points	0.69%	2.81%
Vertex Pharmaceuticals IncVRTX	QNXT +2.11 points	0.60%	2.71%
Western Digital CorpWDC	QNXT +1.90 points	0.62%	2.52%
Starbucks CorpSBUX	QNXT +1.74 points	0.52%	2.26%
Automatic Data ProcessingADP	QNXT +1.74 points	0.49%	2.23%
Booking Holdings IncBKNG	QNXT +1.64 points	0.49%	2.13%
Marriott International Class AMAR	QNXT +1.54 points	0.45%	1.99%
Adobe IncADBE	QNXT +1.47 points	0.43%	1.90%
Fortinet IncFTNT	QNXT +1.47 points	0.44%	1.91%
Regeneron PharmaceuticalsREGN	QNXT +1.44 points	0.36%	1.80%
Csx CorpCSX	QNXT +1.42 points	0.42%	1.84%
Intuit IncINTU	QNXT +1.39 points	0.39%	1.78%
Monster Beverage CorpMNST	QNXT +1.38 points	0.39%	1.77%
Constellation EnergyCEG	QNXT +1.37 points	0.41%	1.78%
Cadence Design Sys IncCDNS	QNXT +1.32 points	0.41%	1.73%
Synopsys IncSNPS	QNXT +1.30 points	0.41%	1.71%
Cintas CorpCTAS	QNXT +1.30 points	0.38%	1.68%
Arm Holdings PLC AdrARM	QNXT +1.29 points	0.43%	1.72%
Mondelez International Inc AMDLZ	QNXT +1.24 points	0.35%	1.59%
Comcast Corp Class ACMCSA	QNXT +1.23 points	0.34%	1.57%
Mercadolibre IncMELI	QNXT +1.22 points	0.36%	1.58%
Datadog Inc Class ADDOG	QNXT +1.12 points	0.39%	1.51%
Lumentum Holdings IncLITE	QNXT +1.08 points	0.36%	1.44%
Doordash Inc ADASH	QNXT +1.08 points	0.32%	1.40%
Ross Stores IncROST	QNXT +1.08 points	0.32%	1.40%
O Reilly Automotive IncORLY	QNXT +1.05 points	0.31%	1.36%
American Electric PowerAEP	QNXT +1.06 points	0.30%	1.36%
Honeywell International IncHON	QNXT +1.02 points	0.30%	1.32%
Airbnb Inc Class AABNB	QNXT +1.02 points	0.30%	1.32%
Applovin Corp Class AAPP	QNXT +0.99 points	0.34%	1.33%
Nxp Semiconductors NVNXPI	QNXT +0.96 points	0.29%	1.25%
Diamondback Energy IncFANG	QNXT +0.89 points	0.25%	1.14%
Monolithic Power Systems IncMPWR	QNXT +0.89 points	0.25%	1.14%
Fastenal CoFAST	QNXT +0.88 points	0.26%	1.14%
Baker Hughes CoBKR	QNXT +0.82 points	0.23%	1.05%
Paccar IncPCAR	QNXT +0.80 points	0.23%	1.03%
Autodesk IncADSK	QNXT +0.78 points	0.22%	1.00%
Pdd Holdings IncPDD	QNXT +0.77 points	0.23%	1.00%
Xcel Energy IncXEL	QNXT +0.74 points	0.21%	0.95%
Coca Cola Europacific PartneCCEP	QNXT +0.73 points	0.21%	0.94%
Keurig Dr Pepper IncKDP	QNXT +0.72 points	0.21%	0.93%
PayPal Holdings IncPYPL	QNXT +0.72 points	0.21%	0.93%
Honeywell Aerospace IncHONA	QNXT +0.71 points	0.22%	0.93%
Exelon CorpEXC	QNXT +0.70 points	0.21%	0.91%
Roper Technologies IncROP	QNXT +0.69 points	0.19%	0.88%
Strategy IncMSTR	QNXT +0.69 points	0.22%	0.91%
Thomson Reuters CorpTRI	QNXT +0.66 points	0.19%	0.85%
Astera Labs IncALAB	QNXT +0.64 points	0.22%	0.86%
Idexx Laboratories IncIDXX	QNXT +0.64 points	0.19%	0.83%
Teradyne IncTER	QNXT +0.62 points	0.20%	0.82%
Microchip Technology IncMCHP	QNXT +0.61 points	0.19%	0.80%
Paychex IncPAYX	QNXT +0.59 points	0.17%	0.76%
Ferrovial NVFER	QNXT +0.59 points	0.18%	0.77%
Workday Inc Class AWDAY	QNXT +0.57 points	0.17%	0.74%
Old Dominion Freight LineODFL	QNXT +0.52 points	0.16%	0.68%
Nebius Group NVNBIS	QNXT +0.52 points	0.18%	0.70%
Take Two Interactive SoftwreTTWO	QNXT +0.52 points	0.16%	0.68%
Ge Healthcare TechnologyGEHC	QNXT +0.51 points	0.15%	0.66%
Axon Enterprise IncAXON	QNXT +0.51 points	0.16%	0.67%
Rocket Lab CorpRKLB	QNXT +0.48 points	0.15%	0.63%
Dexcom IncDXCM	QNXT +0.46 points	0.13%	0.59%
Copart IncCPRT	QNXT +0.41 points	0.12%	0.53%
Coreweave Inc Class ACRWV	QNXT +0.36 points	0.12%	0.48%
Alnylam Pharmaceuticals IncALNY	QNXT +0.32 points	0.10%	0.42%

All 101 QNDX holdings⁠All 69 QNXT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QNDX vs QNXT Cost

Overpaying QNXT vs QNDX

$2,049

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

QNDX 0.10%
$2,106
QNXT 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

QNDX 0.10%
QNXT 0.20%
Overpaying

Year by year

Year	QNDX	QNXT	Overpaying
10	$183	$365	$182
20	$717	$1,421	$704
30	$2,106	$4,155	$2,049

Expense ratio

0.10%QNDX, cheaper
0.20%QNXT

QNDX0.10%QNXT0.20%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QNDX cheapest of 10 funds

QNXT 5th cheapest of 10 funds

QNDX vs QNXT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QNDX No data; QNXT 0.71%
Payout (12M): QNDX No data; QNXT $0.22
Last payment: QNDX $0.03; QNXT $0.05
Ex-dividend: QNDX Sep 21, 2026; QNXT Sep 15, 2026
Paid on: QNDX Sep 23, 2026; QNXT Sep 18, 2026
Frequency: QNDX Irregular; QNXT Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

QNDXIrregular · 1 paymentAll QNDX payments⁠

QNXTQuarterly · 8 paymentsAll QNXT payments⁠

QNDX vs QNXT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QNDX No dataQNXT 15.6%since Nov 2024
Return per unit of riskSharpe ratio, 3 years: QNDX No dataQNXT 0.58since Nov 2024
Worst fallMax drawdown, 5 years: QNDX No dataQNXT −22.3%since Oct 2024
Market sensitivityBeta, 5 years: QNDX 1.73QNXT 1.12; Market = 1

QNDX and QNXT in the news

All news⁠

Category Rankings
The funds most people hold lost money in September as gains stayed narrow
Updated Oct 2, 2026QNXT

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QNDX vs QNXT

In short

Stated mandate

Why people hold it

Worth knowing

How QNDX and QNXT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QNDX

Only in QNXT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The funds most people hold lost money in September as gains stayed narrow