Best Nasdaq-100 ETFs: Cheapest Fees & Alternatives
Launched on January 31, 1985, the Nasdaq-100 Index tracks the 100 largest non-financial companies listed on the Nasdaq exchange. The index is heavily weighted toward technology, but it also includes firms from healthcare, consumer services, retail, and biotechnology. Seven companies alone — often referred to as the Magnificent Seven — make up more than half the index by weight.
Several ETFs replicate this index, each with a different cost structure or strategy:
- Invesco QQQ Trust (QQQ) — launched in 1999 and often called the “Triple Qs,” this is the second-most traded ETF in the world, behind only SPY. It charges an expense ratio of 0.20% and is widely used by institutional traders.
- Invesco Nasdaq-100 ETF (QQQM) — nicknamed “QQQ Mini,” launched in 2020 with an expense ratio of 0.15%. It tracks the same index as QQQ but at a lower cost, designed for long-term buy-and-hold holders.
- Direxion Nasdaq-100 Equal Weighted (QQQE) — an equal-weight alternative where each constituent receives the same allocation, reducing concentration in the largest names.
The Nasdaq-100 is a modified capitalization-weighted index with built-in concentration caps: it rebalances when any single company reaches 15% weight, or when the five largest collectively hit 40%. The index undergoes a full reconstitution every December. It also includes seven companies incorporated outside the United States.
Regulated brokerThe table below lists Nasdaq-100 ETFs with live data on fees, performance, and fund details.
| Stock | Price | Change % | Change |
|---|---|---|---|
| $694.94 | 0.12% | $0.81 | |
| $286.12 | 0.10% | $0.28 | |
| $21.48 | 0.13% | $0.027 | |
| $40.19 | 0.01% | $0.006 | |
 InvescoMI3 NASDAQ100 ETF R EQEU.DE | €496.20 | 0.02% | €0.1 |
| AUD58.54 | 0.60% | AUD0.35 |
