QNDX vs QQQE: Grades, Fees and Holdings Compared

State Street SPDR Portfolio Nasdaq 100 ETF

QNDXBNasdaq

Direxion NASDAQ-100 Equal Weighted Index ETF

QQQECNasdaq

Overlap

53.0%by weight

Expense ratio

QNDX −0.25pt a year

QNDX0.10%QQQE0.35%

Avg volume · 30D

QNDX 3.8×the volume

QNDX656KQQQE175K

QNDX vs QQQE Performance

Jul 31, 2026 – Oct 30, 2026

+0.5%QNDX−0.5%QQQE

Expense ratio: QNDX 0.10%, better; QQQE 0.35%
Fund size: QNDX $669M; QQQE $1.46B
1Y total return: QNDX No data; QQQE +12.9%
Yield (12M): QNDX No data; QQQE 0.60%
Holdings: QNDX 103; QQQE 102
Avg volume (30D): QNDX 656K sh, better; QQQE 175K sh
NAV per share: QNDX $24.22; QQQE $119.16
52W range

ETF.net Grade

Pillar letters and Scores for QNDX, QQQE, with each pillar’s weight
Pillar	QNDX	QQQE
Cost30% weight	A88Higher	F17
Mission25% weight	Not scored	A72
Risk15% weight	C50	B68Higher
Tradability15% weight	C54Higher	C42
Holdings10% weight	B61	A83Higher
Durability5% weight	C44	B69Higher

Rank among Nasdaq-100 funds

How we build Categories ›

Same Category. QNDX and QQQE 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 QQQE 8th 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 7CQTOPiShares Nasdaq Top 30 Stocks ETFScore 52
Rank 8CQQQEDirexion NASDAQ-100 Equal Weighted Index ETFScore 51
Rank 9DQBIGInvesco Top QQQ ETFScore 37

Our read on each fund

ETF.net Research

QNDXBState Street SPDR Portfolio Nasdaq 100 ETF

QQQECDirexion NASDAQ-100 Equal Weighted Index ETF

In short

QNDX No data

QQQE The Nasdaq-100 with the megacaps turned down. QQQE tracks an equal-weighted version of the index, so all roughly 100 names carry the same slot instead of a handful of giants steering the whole ship.

Stated mandate

QNDX No data

QQQE The fund seeks to track the NASDAQ-100 Equal Weighted Index before fees and expenses.

Why people hold it

QNDX No data

QQQE Equal weighting gives each of the roughly 100 Nasdaq-100 names the same slot, so a few trillion-dollar giants don't dominate the outcome.direxion.com
One job since 2012: track the NASDAQ-100 Equal Weighted Index. Long history, same mandate the whole way.
A billion-dollar-plus fund that pays quarterly, and its portfolio matches the label it wears.
Among the stronger implementations in the Nasdaq-100 tracker group, with tight adherence to its stated index.

Worth knowing

QNDX No data

QQQE At 0.35% a year, it costs more than cap-weighted Nasdaq-100 trackers like QQQM (0.15%) and QQQ (0.18%). The equal-weight twist is what you're paying up for.
Equal weight changes the weights, not the roster. Same Nasdaq-100 companies, same growth-and-tech character underneath.
Moderately traded rather than a volume leader of the category, so spreads can run wider than the largest Nasdaq-100 funds.

Full QNDX profile⁠

Full QQQE profile⁠

QNDX vs QQQE Holdings

How QNDX and QQQE differ

Overlap by weight

53.0%

Shared holdings make up 100% of QQQE and 99.9% of QNDX.

Level by level

Holdings101 in both53.0%
Countryby domicile95.6%
Asset classEquity100%

Sector

No Sector split for QNDX.

Country, concentration and asset class

Country by domicile

Country weights in QNDX and QQQE, widest gap first
Country	More in QNDXMore in QQQE	QNDX	QQQE
United States	QNDX +4.4 points	97.3%	92.9%
Canada	QQQE +1.2 points	1.1%	2.3%
Netherlands	QQQE +1.1 points	0.9%	2.0%
United Kingdom	QQQE +0.8 points	0.2%	1.0%
China	QQQE +0.8 points	0.2%	1.0%
Brazil	QQQE +0.5 points	0.4%	0.9%

Concentration

Weight in the 10 largest Holdings

QNDX46.5%
QQQE12.0%

Securities held

QNDX101
QQQE101

Asset class

QNDX: Equity
QQQE: Equity

Holdings

Only in QNDX0
In both101
Only in QQQE0

Only in QNDX

0 securities, 0.0% of QNDX by weight

Only in QQQE

0 securities, 0.0% of QQQE by weight

Weight gaps

The 100 widest of 101 Holdings in both funds.

Holding weights in QNDX and QQQE, widest gap first
Holding	More in QNDXMore in QQQE	QNDX	QQQE
NVIDIA CorpNVDA	QNDX +7.10 points	8.08%	0.98%
Apple IncAAPL	QNDX +6.87 points	7.99%	1.12%
Microsoft CorpMSFT	QNDX +5.12 points	6.18%	1.06%
Micron Technology IncMU	QNDX +3.59 points	4.58%	0.99%
Amazon.com IncAMZN	QNDX +3.18 points	4.13%	0.95%
Advanced Micro DevicesAMD	QNDX +2.78 points	4.00%	1.22%
Tesla IncTSLA	QNDX +2.22 points	3.33%	1.11%
Alphabet Inc Class AGOOGL	QNDX +2.19 points	2.61%	0.42%
Alphabet Inc Class CGOOG	QNDX +2.02 points	2.45%	0.43%
Meta Platforms Inc Class AMETA	QNDX +1.80 points	2.91%	1.11%
Space Exploration Techn Class ASPCX	QNDX +1.66 points	2.68%	1.02%
Broadcom IncAVGO	QNDX +1.63 points	2.58%	0.95%
Walmart IncWMT	QNDX +1.39 points	2.56%	1.17%
Intel CorpINTC	QNDX +1.06 points	2.10%	1.04%
Ge Healthcare TechnologyGEHC	QQQE +0.94 points	0.15%	1.09%
Microchip Technology IncMCHP	QQQE +0.93 points	0.19%	1.12%
Keurig Dr Pepper IncKDP	QQQE +0.91 points	0.21%	1.12%
Nxp Semiconductors NVNXPI	QQQE +0.91 points	0.29%	1.20%
Thomson Reuters CorpTRI	QQQE +0.91 points	0.19%	1.10%
Palantir Technologies Inc APLTR	QNDX +0.89 points	1.96%	1.07%
Moderna IncMRNA	QQQE +0.88 points	0.39%	1.27%
PayPal Holdings IncPYPL	QQQE +0.89 points	0.21%	1.10%
Roper Technologies IncROP	QQQE +0.88 points	0.19%	1.07%
Exelon CorpEXC	QQQE +0.86 points	0.21%	1.07%
Strategy IncMSTR	QQQE +0.86 points	0.22%	1.08%
Cisco Systems IncCSCO	QNDX +0.85 points	1.85%	1.00%
Idexx Laboratories IncIDXX	QQQE +0.86 points	0.19%	1.05%
Costco Wholesale CorpCOST	QNDX +0.85 points	1.92%	1.07%
Xcel Energy IncXEL	QQQE +0.85 points	0.21%	1.06%
Workday Inc Class AWDAY	QQQE +0.83 points	0.17%	1.00%
Coca Cola Europacific PartneCCEP	QQQE +0.83 points	0.21%	1.04%
Fastenal CoFAST	QQQE +0.82 points	0.26%	1.08%
Honeywell Aerospace IncHONA	QQQE +0.81 points	0.22%	1.03%
Ferrovial NVFER	QQQE +0.81 points	0.18%	0.99%
Diamondback Energy IncFANG	QQQE +0.79 points	0.25%	1.04%
Copart IncCPRT	QQQE +0.79 points	0.12%	0.91%
Rocket Lab CorpRKLB	QQQE +0.79 points	0.15%	0.94%
Astera Labs IncALAB	QQQE +0.77 points	0.22%	0.99%
American Electric PowerAEP	QQQE +0.77 points	0.30%	1.07%
Dexcom IncDXCM	QQQE +0.76 points	0.13%	0.89%
Datadog Inc Class ADDOG	QQQE +0.75 points	0.39%	1.14%
Honeywell International IncHON	QQQE +0.76 points	0.30%	1.06%
Marriott International Class AMAR	QQQE +0.74 points	0.45%	1.19%
Take Two Interactive SoftwreTTWO	QQQE +0.73 points	0.16%	0.89%
Autodesk IncADSK	QQQE +0.73 points	0.22%	0.95%
Pdd Holdings IncPDD	QQQE +0.73 points	0.23%	0.96%
Synopsys IncSNPS	QQQE +0.72 points	0.41%	1.13%
Old Dominion Freight LineODFL	QQQE +0.71 points	0.16%	0.87%
Cintas CorpCTAS	QQQE +0.72 points	0.38%	1.10%
Ross Stores IncROST	QQQE +0.71 points	0.32%	1.03%
Monolithic Power Systems IncMPWR	QQQE +0.71 points	0.25%	0.96%
Paychex IncPAYX	QQQE +0.70 points	0.17%	0.87%
O Reilly Automotive IncORLY	QQQE +0.70 points	0.31%	1.01%
Mondelez International Inc AMDLZ	QQQE +0.67 points	0.35%	1.02%
Regeneron PharmaceuticalsREGN	QQQE +0.68 points	0.36%	1.04%
Nebius Group NVNBIS	QQQE +0.67 points	0.18%	0.85%
Lumentum Holdings IncLITE	QQQE +0.66 points	0.36%	1.02%
Teradyne IncTER	QQQE +0.66 points	0.20%	0.86%
Baker Hughes CoBKR	QQQE +0.64 points	0.23%	0.87%
Alnylam Pharmaceuticals IncALNY	QQQE +0.63 points	0.10%	0.73%
Monster Beverage CorpMNST	QQQE +0.63 points	0.39%	1.02%
Csx CorpCSX	QQQE +0.63 points	0.42%	1.05%
Axon Enterprise IncAXON	QQQE +0.62 points	0.16%	0.78%
Airbnb Inc Class AABNB	QQQE +0.62 points	0.30%	0.92%
Cadence Design Sys IncCDNS	QQQE +0.62 points	0.41%	1.03%
Coreweave Inc Class ACRWV	QQQE +0.61 points	0.12%	0.73%
Paccar IncPCAR	QQQE +0.61 points	0.23%	0.84%
Constellation EnergyCEG	QQQE +0.57 points	0.41%	0.98%
Intuit IncINTU	QQQE +0.55 points	0.39%	0.94%
Arm Holdings PLC AdrARM	QQQE +0.53 points	0.43%	0.96%
Intuitive Surgical IncISRG	QQQE +0.52 points	0.69%	1.21%
Lam Research CorpLRCX	QNDX +0.52 points	1.38%	0.86%
Automatic Data ProcessingADP	QQQE +0.52 points	0.49%	1.01%
Applied Materials IncAMAT	QNDX +0.52 points	1.45%	0.93%
Comcast Corp Class ACMCSA	QQQE +0.51 points	0.34%	0.85%
Mercadolibre IncMELI	QQQE +0.51 points	0.36%	0.87%
Applovin Corp Class AAPP	QQQE +0.49 points	0.34%	0.83%
Starbucks CorpSBUX	QQQE +0.49 points	0.52%	1.01%
Doordash Inc ADASH	QQQE +0.46 points	0.32%	0.78%
Adobe IncADBE	QQQE +0.43 points	0.43%	0.86%
Vertex Pharmaceuticals IncVRTX	QQQE +0.41 points	0.60%	1.01%
Fortinet IncFTNT	QQQE +0.39 points	0.44%	0.83%
Netflix IncNFLX	QNDX +0.34 points	1.12%	0.78%
Palo Alto Networks IncPANW	QNDX +0.34 points	1.35%	1.01%
Asml Holding NV Ny Reg ShsASML	QQQE +0.31 points	0.69%	1.00%
Analog Devices IncADI	QQQE +0.30 points	0.91%	1.21%
Booking Holdings IncBKNG	QQQE +0.28 points	0.49%	0.77%
Shopify Inc Class ASHOP	QQQE +0.28 points	0.87%	1.15%
Western Digital CorpWDC	QQQE +0.27 points	0.62%	0.89%
Qualcomm IncQCOM	QQQE +0.26 points	0.84%	1.10%
Gilead Sciences IncGILD	QQQE +0.26 points	0.89%	1.15%
Marvell Technology IncMRVL	QQQE +0.22 points	0.83%	1.05%
Pepsico IncPEP	QQQE +0.18 points	0.79%	0.97%
Seagate Technology HoldingsSTX	QQQE +0.17 points	0.69%	0.86%
T Mobile Us IncTMUS	QQQE +0.14 points	0.69%	0.83%
Linde PLCLIN	QQQE +0.04 points	1.00%	1.04%
Sandisk CorpSNDK	QQQE +0.02 points	0.84%	0.86%
Kla CorpKLAC	QQQE +0.02 points	0.95%	0.97%
Texas Instruments IncTXN	QNDX +0.01 points	1.23%	1.22%
Crowdstrike Holdings Inc ACRWD	QNDX +0.01 points	1.16%	1.15%

All 101 QNDX holdings⁠All 103 QQQE 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 QQQE Cost

Overpaying QQQE vs QNDX

$5,020

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

QNDX 0.10%
$2,106
QQQE 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

QNDX 0.10%
QQQE 0.35%
Overpaying

Year by year

Year	QNDX	QQQE	Overpaying
10	$183	$634	$451
20	$717	$2,454	$1,737
30	$2,106	$7,126	$5,020

Expense ratio

0.10%QNDX, cheaper
0.35%QQQE

QNDX0.10%QQQE0.35%

0.10%0.58%

Middle half of Nasdaq-100 funds
Median 0.20%

QNDX cheapest of 10 funds

QQQE 9th cheapest of 10 funds

QNDX vs QQQE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): QNDX No data; QQQE 0.60%
Payout (12M): QNDX No data; QQQE $0.70
Last payment: QNDX $0.03; QQQE $0.17
Ex-dividend: QNDX Sep 21, 2026; QQQE Sep 22, 2026
Paid on: QNDX Sep 23, 2026; QQQE Sep 29, 2026
Frequency: QNDX Irregular; QQQE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QNDXIrregular · 1 paymentAll QNDX payments⁠

QQQEQuarterly · 40 paymentsAll QQQE payments⁠

QNDX vs QQQE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: QNDX No dataQQQE 15.0%
Return per unit of riskSharpe ratio, 3 years: QNDX No dataQQQE 0.92
Worst fallMax drawdown, 5 years: QNDX No dataQQQE −32.1%
Market sensitivityBeta, 5 years: QNDX 1.73QQQE 1.08; Market = 1

QNDX and QQQE in the news

All news⁠

Closing Bell
Brent tops $100 after U.S. tanker strikes as stocks fall for a third day
Sep 9, 2026QQQE

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QNDX vs QQQE

In short

Stated mandate

Why people hold it

Worth knowing

How QNDX and QQQE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QNDX

Only in QQQE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Brent tops $100 after U.S. tanker strikes as stocks fall for a third day

How QNDX and QQQE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in QNDX

Only in QQQE

Weight gaps