QNDX vs QQMG: Grades, Fees and Holdings Compared

State Street SPDR Portfolio Nasdaq 100 ETF

QNDXBNasdaq

Invesco ESG NASDAQ 100 ETF

QQMGBNasdaq

Overlap

89.0%by weight

Expense ratio

QNDX −0.10pt a year

QNDX0.10%QQMG0.20%

Avg volume · 30D

QNDX 35.8×the volume

QNDX744KQQMG20.8K

QNDX vs QQMG Performance

Aug 5, 2026 – Nov 5, 2026

−9.6%QNDX−10.4%QQMG

Expense ratio: QNDX 0.10%, better; QQMG 0.20%
Fund size: QNDX $675M; QQMG $211M
1Y total return: QNDX No data; QQMG +4.7%
Yield (12M): QNDX No data; QQMG 0.40%
Holdings: QNDX 103; QQMG 89
Avg volume (30D): QNDX 744K sh, better; QQMG 20.8K sh
NAV per share: QNDX $23.43; QQMG $48.06
52W range

ETF.net Grade

Pillar letters and Scores for QNDX, QQMG, with each pillar’s weight
Pillar	QNDX	QQMG
Cost30% weight	A88Higher	C46
Mission25% weight	Not scored	A100
Risk15% weight	C50	C50
Tradability15% weight	B57Higher	C46
Holdings10% weight	B61Higher	C43
Durability5% weight	C44Higher	C42

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. QNDX and QQMG 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 QQMG 5th of 10 funds in the Nasdaq-100 Category.

Rank 1AQQQMInvesco NASDAQ 100 ETFScore 77
Rank 2AQQQInvesco QQQ Trust, Series 1Score 75
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 57

Our read on each fund

ETF.net Research

QNDXBState Street SPDR Portfolio Nasdaq 100 ETF

QQMGBInvesco ESG NASDAQ 100 ETF

In short

QNDX No data

QQMG The Nasdaq-100 with an ESG filter on top: the same mega-cap growth roster, minus the names that fail the screens. Roughly 90 stocks at 0.20% a year, from the same house that runs the original Nasdaq-100 fund.

Stated mandate

QNDX No data

QQMG The Fund seeks to track, before fees and expenses, the Nasdaq-100 ESG Index.

Why people hold it

QNDX No data

QQMG Tracks the Nasdaq-100 ESG Index, so the familiar mega-cap growth lineup stays intact while companies failing the ESG screens are filtered out.
0.20% a year, right at the median for Nasdaq-100 trackers. The ESG screen arrives without an ESG surcharge.
Roughly 90 names, and it follows its stated index tightly. On mandate fidelity it stands with the stronger builds in the Nasdaq-100 group.
Launched in 2021 by Invesco, the shop behind the original Nasdaq-100 fund, and it distributes quarterly.

Worth knowing

QNDX No data

QQMG Thinly traded next to the group's heavyweights, which tends to mean wider bid-ask spreads and more care needed on larger orders.
Pricier than Invesco's unscreened versions of the same index family: QQQM at 0.15% and QQQ at 0.18%.
The screens remove some Nasdaq-100 members, so the holdings and sector mix diverge from the standard index, and results diverge with them.

Full QNDX profile⁠

Full QQMG profile⁠

QNDX vs QQMG Holdings

How QNDX and QQMG differ

Overlap by weight

89.0%

Shared holdings make up 99.96% of QQMG and 93.1% of QNDX.

Level by level

Holdings86 in both89.0%
Sector10 Sectors90.1%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in QNDX and QQMG, widest gap first
Sector	Gap	QNDX	QQMG
Technology	QQMG +9.5 points	57.9%	67.4%
Industrials	QNDX +4.2 points	5.4%	1.1%
Consumer Staples	QNDX +2.0 points	6.8%	4.8%
Health Care	QNDX +1.2 points	4.8%	3.6%
Utilities	QNDX +1.0 points	1.2%	0.2%
Consumer Discretionary	QNDX +0.8 points	11.0%	10.2%
Energy	QNDX +0.5 points	0.5%	0.0%
Materials	QQMG +0.2 points	1.1%	1.3%
Communication	QQMG +0.2 points	11.1%	11.3%
Financials	Same weight	0.2%	0.2%

Country, concentration and asset class

Country by domicile

Country weights in QNDX and QQMG, widest gap first
Country	Gap	QNDX	QQMG
United States	QNDX +0.1 points	97.3%	97.2%
Netherlands	QQMG +0.2 points	0.9%	1.1%
Canada	QNDX +0.2 points	1.1%	0.9%
Brazil	Same weight	0.4%	0.4%
United Kingdom	QQMG +0.1 points	0.2%	0.3%
China	Same weight	0.2%	0.2%

Concentration

Weight in the 10 largest Holdings

QNDX46.9%
QQMG51.9%

Securities held

QNDX101
QQMG87

Asset class

QNDX: Stocks
QQMG: Stocks

Holdings

Only in QNDX15
In both86
Only in QQMG1

Only in QNDX

15 securities, 6.9% of QNDX by weight

Space Exploration Techn Class A2.61%
Analog Devices Inc0.88%
Moderna Inc0.46%
Csx Corp0.43%
Constellation Energy0.39%
Honeywell International Inc0.32%
American Electric Power0.31%
Diamondback Energy Inc0.23%
Xcel Energy Inc0.23%
Baker Hughes Co0.22%
Honeywell Aerospace Inc0.22%
Axon Enterprise Inc0.16%
Nebius Group NV0.15%
Rocket Lab Corp0.14%
Coreweave Inc Class A0.10%

Only in QQMG

1 security, 0.0% of QQMG by weight

Invesco Government & Agency Portfolio0.03%

Weight gaps

All 86 Holdings in both funds, largest gap first.

Holding weights in QNDX and QQMG, widest gap first
Holding	Gap	QNDX	QQMG
NVIDIA CorpNVDA	QQMG +2.16 points	7.83%	9.99%
Apple IncAAPL	QQMG +1.24 points	8.28%	9.52%
Microsoft CorpMSFT	QQMG +1.12 points	6.70%	7.82%
Advanced Micro DevicesAMD	QQMG +1.13 points	3.57%	4.70%
Meta Platforms Inc Class AMETA	QNDX +0.84 points	3.04%	2.20%
Costco Wholesale CorpCOST	QNDX +0.60 points	2.09%	1.49%
Cisco Systems IncCSCO	QQMG +0.51 points	1.83%	2.34%
Linde PLCLIN	QQMG +0.41 points	1.08%	1.49%
Palo Alto Networks IncPANW	QQMG +0.40 points	1.27%	1.67%
Amazon.com IncAMZN	QQMG +0.38 points	4.66%	5.04%
Applied Materials IncAMAT	QQMG +0.38 points	1.31%	1.69%
Netflix IncNFLX	QQMG +0.36 points	1.24%	1.60%
Lam Research CorpLRCX	QQMG +0.35 points	1.24%	1.59%
Asml Holding NV Ny Reg ShsASML	QQMG +0.28 points	0.63%	0.91%
Kla CorpKLAC	QQMG +0.24 points	0.88%	1.12%
Shopify Inc Class ASHOP	QNDX +0.23 points	0.83%	0.60%
Micron Technology IncMU	QNDX +0.22 points	4.03%	3.81%
Broadcom IncAVGO	QNDX +0.20 points	2.51%	2.31%
Alphabet Inc Class AGOOGL	QNDX +0.19 points	2.75%	2.56%
Texas Instruments IncTXN	QNDX +0.18 points	1.27%	1.09%
Monster Beverage CorpMNST	QNDX +0.19 points	0.43%	0.24%
Alphabet Inc Class CGOOG	QNDX +0.18 points	2.58%	2.40%
Western Digital CorpWDC	QQMG +0.16 points	0.52%	0.68%
Palantir Technologies Inc APLTR	QQMG +0.15 points	1.77%	1.92%
Seagate Technology HoldingsSTX	QQMG +0.14 points	0.57%	0.71%
Paccar IncPCAR	QNDX +0.14 points	0.25%	0.11%
Marvell Technology IncMRVL	QQMG +0.14 points	0.63%	0.77%
Booking Holdings IncBKNG	QQMG +0.13 points	0.58%	0.71%
Amgen IncAMGN	QNDX +0.10 points	1.16%	1.06%
Adobe IncADBE	QQMG +0.11 points	0.44%	0.55%
Intuit IncINTU	QQMG +0.10 points	0.44%	0.54%
O Reilly Automotive IncORLY	QQMG +0.11 points	0.33%	0.44%
Sandisk CorpSNDK	QQMG +0.09 points	0.68%	0.77%
Synopsys IncSNPS	QQMG +0.09 points	0.40%	0.49%
Gilead Sciences IncGILD	QNDX +0.09 points	0.97%	0.88%
Doordash Inc ADASH	QNDX +0.08 points	0.36%	0.28%
Crowdstrike Holdings Inc ACRWD	QQMG +0.08 points	1.11%	1.19%
Thomson Reuters CorpTRI	QQMG +0.08 points	0.20%	0.28%
Qualcomm IncQCOM	QQMG +0.08 points	0.81%	0.89%
Cadence Design Sys IncCDNS	QQMG +0.07 points	0.41%	0.48%
Pdd Holdings IncPDD	QNDX +0.07 points	0.25%	0.18%
Vertex Pharmaceuticals IncVRTX	QNDX +0.07 points	0.63%	0.56%
Intel CorpINTC	QNDX +0.06 points	1.37%	1.31%
Microchip Technology IncMCHP	QNDX +0.06 points	0.18%	0.12%
T Mobile Us IncTMUS	QNDX +0.06 points	0.77%	0.71%
Applovin Corp Class AAPP	QNDX +0.06 points	0.37%	0.31%
Fortinet IncFTNT	QQMG +0.05 points	0.43%	0.48%
Pepsico IncPEP	QNDX +0.05 points	0.87%	0.82%
Tesla IncTSLA	QNDX +0.04 points	3.28%	3.24%
Comcast Corp Class ACMCSA	QNDX +0.04 points	0.39%	0.35%
Strategy IncMSTR	QNDX +0.04 points	0.23%	0.19%
Idexx Laboratories IncIDXX	QQMG +0.05 points	0.24%	0.29%
Lumentum Holdings IncLITE	QQMG +0.04 points	0.25%	0.29%
Keurig Dr Pepper IncKDP	QNDX +0.04 points	0.22%	0.18%
Starbucks CorpSBUX	QNDX +0.04 points	0.56%	0.52%
Arm Holdings PLC AdrARM	QQMG +0.03 points	0.38%	0.41%
Intuitive Surgical IncISRG	QQMG +0.04 points	0.76%	0.80%
Datadog Inc Class ADDOG	QQMG +0.04 points	0.28%	0.32%
Roper Technologies IncROP	QNDX +0.03 points	0.21%	0.18%
Paychex IncPAYX	QQMG +0.03 points	0.19%	0.22%
Take Two Interactive SoftwreTTWO	QQMG +0.03 points	0.18%	0.21%
Workday Inc Class AWDAY	QQMG +0.03 points	0.18%	0.21%
Walmart IncWMT	QNDX +0.03 points	2.81%	2.78%
Autodesk IncADSK	QQMG +0.03 points	0.25%	0.28%
Cintas CorpCTAS	QNDX +0.03 points	0.41%	0.38%
Mercadolibre IncMELI	QNDX +0.02 points	0.39%	0.37%
Ross Stores IncROST	QNDX +0.02 points	0.35%	0.33%
Marriott International Class AMAR	QNDX +0.02 points	0.49%	0.47%
Teradyne IncTER	QQMG +0.03 points	0.17%	0.20%
Astera Labs IncALAB	QNDX +0.02 points	0.17%	0.15%
Mondelez International Inc AMDLZ	QNDX +0.03 points	0.39%	0.36%
Fastenal CoFAST	QQMG +0.02 points	0.27%	0.29%
Coca Cola Europacific PartneCCEP	QQMG +0.02 points	0.23%	0.25%
Monolithic Power Systems IncMPWR	QQMG +0.01 points	0.28%	0.29%
Nxp Semiconductors NVNXPI	QQMG +0.01 points	0.30%	0.31%
Old Dominion Freight LineODFL	QQMG +0.01 points	0.17%	0.18%
Exelon CorpEXC	QQMG +0.02 points	0.21%	0.23%
Alnylam Pharmaceuticals IncALNY	QNDX +0.02 points	0.10%	0.08%
Dexcom IncDXCM	QNDX +0.01 points	0.15%	0.14%
Ge Healthcare TechnologyGEHC	QQMG +0.01 points	0.17%	0.18%
PayPal Holdings IncPYPL	QNDX +0.01 points	0.23%	0.22%
Copart IncCPRT	Same weight	0.14%	0.14%
Automatic Data ProcessingADP	QNDX +0.01 points	0.54%	0.53%
Regeneron PharmaceuticalsREGN	QQMG +0.01 points	0.43%	0.44%
Ferrovial NVFER	QQMG +0.01 points	0.19%	0.20%
Airbnb Inc Class AABNB	Same weight	0.33%	0.33%

All 101 QNDX holdings⁠All 87 QQMG 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 QQMG Cost

Overpaying QQMG vs QNDX

$2,049

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

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

Amount$10,000

Years30 years

Cost over time

QNDX 0.10%
QQMG 0.20%
Overpaying

Year by year

Year	QNDX	QQMG	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%QQMG

QNDX0.10%QQMG0.20%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QNDX cheapest of 10 funds

QQMG 5th cheapest of 10 funds

QNDX vs QQMG Dividends

Last 12 months to Nov 5, 2026

Yield (12M): QNDX No data; QQMG 0.40%
Payout (12M): QNDX No data; QQMG $0.18
Last payment: QNDX $0.03; QQMG $0.04
Ex-dividend: QNDX Sep 21, 2026; QQMG Sep 21, 2026
Paid on: QNDX Sep 23, 2026; QQMG Sep 25, 2026
Frequency: QNDX Irregular; QQMG Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

QNDXIrregular · 1 paymentAll QNDX payments⁠

QQMGQuarterly · 20 paymentsAll QQMG payments⁠

QNDX vs QQMG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QNDX No dataQQMG 18.5%
Return per unit of riskSharpe ratio, 3 years: QNDX No dataQQMG 1.15
Worst fallMax drawdown, 5 years: QNDX No dataQQMG −35.4%
Market sensitivityBeta, 5 years: QNDX 1.73QQMG 1.24; Market = 1

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