Betashares NASDAQ 100 Equal Weight ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among United States equity funds would cost $190 (0.38% a year), so QNDQ is $74 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 100 securities · top 10 = 13.3%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −2.8 | −2.6 | −2.9 | 7.9 | 8.6 | 7.1 | −5.1 | 1.2 | 1.5 | −2.8 | 9.4YTD | ||
| 2025 | 5.5 | −3.2 | −7.0 | −0.9 | 6.9 | 3.2 | 3.1 | −2.4 | 2.5 | 2.0 | −1.6 | −0.8 | 6.7 |
| 2024 | 1.1 | −4.0 | −0.9 | 2.7 | −0.5 | −1.6 | 0.3 | 5.6 | 5.5 | −0.9 | 7.2 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
QNDQ questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Betashares NASDAQ 100 Equal Weight ETF?
Betashares NASDAQ 100 Equal Weight ETF holds 100 securities, and its ten largest positions make up 13.3% of the fund, more spread out than the 37.6% typical of United States equity funds. That makes it moderately diversified.
Its country exposure is almost entirely United States (100.0%), and its biggest sector is Information Technology at 40.9%, based on holdings as at 2 Sept 2026.
Which ETFs does QNDQ double up with most?
QNDQ shares the most holdings with Betashares Wealth Builder Nasdaq 100 Geared (30-40% LVR) Complex ETF (GNDQ) (52% overlap), Global X Nasdaq 100 Covered Call ETF (QYLD) (51% overlap) and Betashares NASDAQ 100 ETF (NDQ) (51% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 52%, owning both QNDQ and GNDQ would mostly double up on the same investments rather than spread your money further.
How is Betashares NASDAQ 100 Equal Weight ETF managed – active or passive?
Betashares NASDAQ 100 Equal Weight ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses an equal-weight approach, so it is sometimes called "smart beta".
Among United States equity funds, active funds charge a median 0.43% a year and index funds 0.29%.
What will I pay in fees for QNDQ?
QNDQ charges a management fee of 0.48% a year, about $48 for every $10,000 invested. Only 44% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among United States equity funds, the median is 0.35%.
Lower-cost funds with a similar focus include Betashares S&P 500 Equal Weight ETF (QUS) at 0.29% and Betashares S&P 500 Equal Weight Currency Hedged ETF (HQUS) at 0.32%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.24% for QNDQ.
Does Betashares NASDAQ 100 Equal Weight ETF follow a theme?
Not a theme as such, but it follows an equal-weight investment style: it gives each company roughly the same weight, so smaller companies count as much as the largest.
Other ASX funds using an equal-weight approach include VanEck Australian Equal Weight ETF (MVW), Betashares S&P 500 Equal Weight ETF (QUS), Betashares S&P 500 Equal Weight Currency Hedged ETF (HQUS) and VanEck Geared Australian Equal Weight Complex ETF (GMVW).
What is under the hood of QNDQ?
As at 2 Sept 2026, QNDQ's ten largest holdings are Doordash Inc (1.4%), Regeneron Pharmaceuticals Inc (1.4%), Airbnb Inc (1.4%), Workday Inc (1.4%), Amgen Inc (1.3%), Paychex Inc (1.3%), Automatic Data Processing Inc (1.3%), Roper Technologies Inc (1.3%), Vertex Pharmaceuticals Inc (1.2%) and Thomson Reuters Corp (1.2%). Together they make up 13.3% of the fund.
Rather than simply weighting companies by market size, its index gives each company roughly the same weight, so smaller companies count as much as the largest.
How well has Betashares NASDAQ 100 Equal Weight ETF performed?
Based on its category, Betashares NASDAQ 100 Equal Weight ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 5.9% over 1 year (median 7.0%; ranked 21 of 27). The medians and rankings compare it with United States equity funds. Since listing in 2024 it has returned 9.9% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for QNDQ; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.48% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.