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NDQ

$50.64-0.9%Nasdaq 10050/100
Fund Page ↗

BetaShares NASDAQ 100 ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks the 100 largest non-financial companies listed on the Nasdaq exchange. Apple, Microsoft, NVIDIA, and Amazon make up over 30% of the fund. Australia's most popular thematic ETF by AUM with over $7 billion.

MER (Annual Fee)
0.48%
#3 lowest in Nasdaq 100
1Y Return
+13.3%
3Y Return (p.a.)
+20.6%
Dividend Yield
0.95%
Trailing 12 months
AUM
$7,912.4M
Assets under management
Avg Daily Turnover
$10.7M
Avg shares × unit price
Unit Price
$50.64
As at 29 March 2026
Provider
BetaShares
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Strategy

Follows the Nasdaq 100 Index, which excludes financial companies. The result is a portfolio dominated by technology, consumer discretionary, and healthcare businesses. Market-cap weighted, so the largest companies have the biggest weights.

Top Holdings

Apple
9.0%
Microsoft
8.4%
NVIDIA
7.9%
Amazon
5.1%
Broadcom
4.3%
Meta
3.9%
Tesla
3.0%
Alphabet
2.5%
Costco
2.4%
Netflix
2.1%
Key Fact

NDQ has over $7 billion in Australian AUM despite charging 0.48% — more than 10 times the fee of an S&P 500 fund. Investors have consistently paid the higher fee for its concentrated technology exposure.

Suited for

Investors who want concentrated exposure to large-cap US technology and growth companies. NDQ has delivered strong long-term returns but with significantly higher volatility than a broad S&P 500 fund.

Risks

Highly concentrated in US mega-cap technology. In 2022, NDQ fell 33% as rising interest rates hit growth stock valuations. No financial companies means the fund misses exposure to banks and insurers.

NDQ Comparisons

ETFCheck Score50/100
Fees (40%)28
Fund Size (25%)81
Liquidity (20%)79
Yield (15%)16
How scores are calculated →
Other Nasdaq 100 ETFs
FANG
0.35% MER
60
HNDQ
0.51% MER
38
FNGG
0.80% MER
28
QNDQ
0.28% MER
27View all Nasdaq 100 ETFs →

Frequently Asked Questions - NDQ

Is NDQ currency hedged or does the AUD/USD exchange rate affect returns?+
NDQ is completely unhedged, meaning your returns are directly impacted by movements in the AUD/USD exchange rate. When the Australian dollar falls against the US dollar, NDQ investors receive a currency tailwind that boosts returns. Many Australian investors mistakenly assume NDQ includes hedging - if you want pure Nasdaq 100 exposure without currency risk, BetaShares offers HNDQ as the hedged alternative on the ASX.
How does NDQ compare to other ASX-listed Nasdaq 100 ETFs like HNDQ and QNDQ on fees?+
NDQ charges a MER of 0.48%, sitting between HNDQ's 0.51% and QNDQ's significantly cheaper 0.28%. Despite not being the lowest-cost option, NDQ is the largest ASX-listed tech ETF by AUM, offering superior liquidity and tighter bid-ask spreads. For cost-conscious SMSF trustees, QNDQ's equal-weight approach delivers meaningfully lower fees, though NDQ's market-cap weighting better reflects the actual Nasdaq 100 index performance.
Why is NDQ's yield only 0.28% and how is the income taxed in Australia?+
NDQ yields just 0.28% because the Nasdaq 100 is dominated by high-growth tech companies like Apple, Nvidia, and Microsoft that reinvest profits rather than paying large dividends. Distributions are typically classified as foreign income with no franking credits, so Australian investors cannot offset tax via the ATO's franking credit system. NDQ suits investors focused on capital growth rather than income, making it less ideal for retirees relying on distributions.
What happens to my NDQ investment if the US tech sector experiences a major correction?+
Because NDQ is market-cap weighted, its top 10 holdings - including Apple, Microsoft, and Nvidia - represent a massive concentration, meaning a tech selloff would hit NDQ disproportionately hard. During the 2022 Nasdaq drawdown, NDQ fell over 30% in USD terms, though AUD weakness partially cushioned Australian investors' losses. SMSF trustees should consider whether this concentration risk aligns with their investment strategy and whether diversifying across QNDQ's equal-weight approach or broader ETFs like VGS helps manage downside exposure.