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Best Nasdaq 100 ETFs on the ASX

Nasdaq 100 ETFs track the 100 largest non-financial companies on the NASDAQ exchange. The index is heavily weighted towards technology, consumer discretionary, and communication services, making it a proxy for global tech mega-cap exposure.

5
ETFs tracked
0.28%
Lowest MER
+38.4%
Best 1Y return
$12,298.4M
Total AUM
FANG
Top pick
Fees (MER) - Lower is better
QNDQ
0.28%FANG
0.35%NDQ
0.48%HNDQ
0.51%FNGG
0.80%
1-Year Returns
FNGG
+38.4%HNDQ
+23.4%NDQ
+13.3%FANG
+10.4%QNDQ
-3.9%

All Nasdaq 100 ETFs

sorted by Score · highest firstclick any column to sort
ETF Name Score MER 1Y Return 3Y Return Yield AUM ($M)
FANGBetaShares FANG+ ETF600.35%+10.4%+29.5%6.04%1,268.4
NDQBetaShares NASDAQ 100 ETF500.48%+13.3%+20.6%0.95%7,912.4
HNDQBetaShares NASDAQ 100 (Hedged) ETF380.51%+23.4%+20.5%1.76%1,900
FNGGBetaShares FANG+ Geared Fund280.80%+38.4%+24.2%-1,200
QNDQBetaShares NASDAQ 100 Equal Weight ETF270.28%-3.9%-1.72%17.6

Overview

Nasdaq 100 ETFs track the 100 largest non-financial companies on the NASDAQ exchange. The index is heavily weighted towards technology, consumer discretionary, and communication services, making it a proxy for global tech mega-cap exposure.

What to look for

NDQ (0.48%) is the largest and most liquid Nasdaq 100 ETF on the ASX. HNDQ adds currency hedging. QNDQ equal-weights the index to reduce mega-cap concentration. FANG takes an extreme concentration approach with just 10 holdings. The fee range is wide: from QNDQ at 0.28% to HNDQ at 0.51%.

Considerations

The Nasdaq 100 is not purely a technology index. It includes consumer companies like Costco, PepsiCo, and Starbucks. However, the top 10 holdings (mostly tech) represent over 50% of the index. The Magnificent 7 stocks drive most of the index's performance, creating significant single-stock concentration risk. Consider whether you need separate Nasdaq exposure if you already hold VGS or IVV, which have substantial tech overlap.

Compare Nasdaq 100 ETFs

NDQvsHNDQ
Hedged vs unhedged Nasdaq 100
NDQvsFANG
Nasdaq 100 vs FANG+
NDQvsSEMI
Nasdaq 100 vs pure semiconductors

Frequently Asked Questions

What is a NASDAQ 100 ETF?+

A NASDAQ 100 ETF tracks the 100 largest non-financial companies listed on the Nasdaq exchange, resulting in a heavily technology-oriented portfolio including Apple, Microsoft, NVIDIA, Alphabet, Amazon, Meta, Tesla, and Broadcom. On the ASX, the main options are NDQ (BetaShares, unhedged, 0.48% p.a.) and HNDQ (BetaShares, AUD-hedged, 0.51% p.a.). Unlike the S&P 500, the NASDAQ 100 deliberately excludes financial stocks and includes some non-US companies listed on Nasdaq, making it a concentrated bet on innovation and technology-driven growth.

What should investors look for when choosing a NASDAQ 100 ETF?+

The main decision on ASX is between NDQ (unhedged) and HNDQ (AUD-hedged) - the underlying index is identical, so you're choosing your currency stance. At 0.48–0.51% p.a., fees are notably higher than S&P 500 ETFs like IVV (0.04%), so consider whether the NASDAQ 100's historical outperformance justifies that cost gap. Check trading volumes and bid-ask spreads - NDQ is one of the most actively traded ETFs on ASX with strong liquidity, while HNDQ trades with wider spreads, which matters for larger SMSF transactions.

How does the NASDAQ 100 differ from the S&P 500 for Australian investors?+

The NASDAQ 100 is far more concentrated, with the top 10 holdings representing approximately 50% of the index versus ~35% for the S&P 500, and technology/communication services comprising over 60% of its weight. This concentration has driven higher returns historically (the NASDAQ 100 significantly outperformed the S&P 500 over the past decade) but also delivers sharper drawdowns - it fell roughly 33% in 2022 compared to ~20% for the S&P 500. Critically, NASDAQ 100 companies pay lower dividends (yield ~0.6% vs ~1.3% for S&P 500), so NDQ is a growth play, not an income strategy.

What are the risks of NASDAQ 100 ETFs and who are they suited for?+

The dominant risk is sector and stock concentration - a regulatory crackdown on big tech, AI sentiment reversal, or rising interest rates that punish growth stock valuations can cause sharp losses, as the 2022 tech selloff demonstrated. Dividends are unfranked and minimal, making NASDAQ 100 ETFs unsuitable for retirees or SMSF pension-phase members relying on income. These ETFs suit growth-oriented Australian investors with high risk tolerance, a long time horizon (10+ years), and existing diversified holdings in Australian equities and broader global funds like VGS.

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