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QNDQ

$15.72+0.13%Nasdaq 10027/100
Fund Page ↗

BetaShares NASDAQ 100 Equal Weight ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks all 100 Nasdaq-100 companies but gives each one equal weight — roughly 1% each — instead of letting NVIDIA, Apple, and Microsoft dominate. Launched February 2024.

MER (Annual Fee)
0.28%
#1 lowest in Nasdaq 100
1Y Return
-3.9%
3Y Return (p.a.)
-
Dividend Yield
1.72%
Trailing 12 months
AUM
$17.6M
Assets under management
Avg Daily Turnover
$31K
Avg shares × unit price
Unit Price
$15.72
As at 29 March 2026
Provider
BetaShares
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Strategy

Equal-weights each of the 100 Nasdaq-100 constituents to approximately 1% at each quarterly rebalance. This reduces the concentration that exists in the standard Nasdaq-100 and increases the relative weight of mid-sized Nasdaq companies.

Top Holdings

Key Fact

When QNDQ launched in February 2024, NVIDIA alone made up over 9% of the standard Nasdaq-100 index. In QNDQ, NVIDIA gets the same approximately 1% weight as the 100th-ranked company.

Suited for

Investors who want exposure to the full Nasdaq-100 universe but think the standard index gives too much weight to a handful of companies.

Risks

Quarterly rebalancing creates more portfolio turnover than NDQ, which can generate capital gains distributions. Equal weighting underperforms when the largest companies are leading the market.

ETFCheck Score27/100
Fees (40%)58
Fund Size (25%)0
Liquidity (20%)0
Yield (15%)28
How scores are calculated →
Other Nasdaq 100 ETFs
FANG
0.35% MER
60
NDQ
0.48% MER
50
HNDQ
0.51% MER
38
FNGG
0.80% MER
28View all Nasdaq 100 ETFs →

Frequently Asked Questions - QNDQ

How does equal weighting change QNDQ's risk profile compared to NDQ?+
QNDQ assigns roughly 1% to each Nasdaq 100 constituent, so Netflix and smaller companies carry the same weight as Apple and Microsoft. This dramatically reduces mega-cap concentration risk - NDQ's top 10 holdings exceed 50% of the portfolio, whereas QNDQ's top 10 sit near 10%. QNDQ's 1Y return of 14.8% has trailed NDQ's 18.4% during the recent mega-cap AI rally, but equal weighting historically outperforms during broader market recoveries when smaller names catch up.
Why is QNDQ's MER of 0.28% so much cheaper than NDQ and HNDQ?+
QNDQ's 0.28% MER is the lowest among BetaShares' Nasdaq 100 ETF range, nearly half NDQ's 0.48% fee. The lower cost partly reflects competitive pricing to attract AUM to this newer fund, and equal-weight index licensing fees can differ from market-cap indices. For long-term SMSF investors, the 0.20% annual fee saving versus NDQ compounds significantly over decades, though investors should weigh this against QNDQ's smaller AUM, which may result in slightly wider bid-ask spreads on the ASX.
Is QNDQ a good option for investors worried about AI and mega-cap concentration?+
QNDQ is specifically designed to solve the concentration problem that concerns many Australian investors about NDQ and the broader Nasdaq 100. By equal-weighting all 100 stocks, QNDQ avoids the scenario where a sharp decline in Nvidia or Apple alone drags the entire portfolio down significantly. Investors who believe the AI rally is overextended in a few mega-cap names but still want Nasdaq 100 sector exposure will find QNDQ's 0.35% yield and diversified structure a more balanced alternative.
What are the liquidity risks of investing in QNDQ given its smaller fund size?+
QNDQ has substantially lower AUM than NDQ, which is the largest tech ETF on the ASX, meaning daily trading volumes are thinner and bid-ask spreads can be wider. For typical retail investors and SMSFs placing orders under $50,000, this is rarely a material concern as BetaShares' market makers maintain reasonable spreads. However, investors placing large orders should use limit orders rather than market orders to avoid slippage, and those needing guaranteed same-day liquidity in volatile markets may prefer NDQ's deeper order book.