2022 Top Nasdaq 100 ETFs

The Nasdaq 100 is an index of the top 100 non-financial companies listed on the Nasdaq exchange. It provides exposure across multiple sectors, led by technology, retail, biotech, healthcare, and industrial stocks. So if you’re interested in adding or increasing your portfolio’s exposure to the Nasdaq 100, there is definitely an ETF for you.

Whether you are looking for a simple, low-cost option to track the Nasdaq 100 or a variation on a theme, simply scroll down to see several live lists that detail your options.

Nasdaq 100 Index ETFs

The most common type of Nasdaq 100 ETF is one that simply tracks the Nasdaq 100. As a result, just like the Nasdaq 100 Index, these ETFs are more heavily weighted on the companies with the highest market cap. These big brands include Apple, Microsoft, Alphabet, Amazon, Facebook, Tesla to name a few.

These Nasdaq 100 Index ETFs are straightforward and as a result have lower expense ratios than other Nasdaq 100 ETFs.

Equal Weighted Nasdaq 100 ETFs

If the Nasdaq 100 Index was an equally weighted index, each stock within the index would be given a 1/100 weighting.

However, the Nasdaq 100 is a capitalization weighted index.

This means that larger market cap companies, mainly big tech companies, get a greater than average share than smaller companies.

To offer equal weighting to all companies, the ETF industry has created a few ETFs that alter the official weighting of the Nasdaq 100 and divides its funds equally across all 100 firms regardless of sector or market cap.

Inverse Nasdaq 100 ETFs

Yet another type of Nasdaq 100 ETF is an inverse ETF.

These ETFs simply go in exactly the opposite direction of the Nasdaq 100.

For example, if the Nasdaq 100 is down 0.5% on the day, an inverse Nasdaq 100 ETF will be up 0.5%.

Leveraged Nasdaq 100 ETFs

The final type is the leveraged Nasdaq 100 ETF.

These ETFs track the Nasdaq 100 or the inverse of the Nasdaq 100 with a certain multiple in performance.

For example, a 3x leveraged Nasdaq 100 ETF will gain 3% on the day if the Nasdaq 100 is up 1%.

Conversely, if the Nasdaq 100 is down 1%, the 3x leveraged Nasdaq 100 ETF will be down 3%.

Definitely not for the risk averse investor.

For example, here is what an investor in the ProShares UltraPro QQQ ETF (a 3x leveraged ETF) would have experienced in terms of daily volatility since its inception on February 9, 2010.

UPRO volatility chart

Notice how there are several occurrences greater than a 5% daily gain but also several that were less than a 5% daily loss.

Feel free to click on any ETF name to get its up to date volatility chart.

Nasdaq 100 ETFs FAQ

How do I invest in NASDAQ 100 ETF?

There are several Nasdaq 100 ETFs available in the market. Nasdaq 100 ETFs generally fall in the following categories: straight index, equal-weight index, inverse, and leveraged.

Is there a NASDAQ 100 ETF?

ETFvest lists 9 Nasdaq 100 ETFs. Two passively track the Nasdaq 100 index and two others offer an equal weight approach to the Nasdaq 100. You can also find four leveraged Nasdaq 100 ETFs and one inverse Nasdaq 100 ETF.

What is the largest Nasdaq 100 ETF?

The largest Nasdaq 100 ETF is the Invesco QQQ Trust ETF (QQQ) with over $180 billion in assets. QQQ is also the oldest Nasdaq 100 ETF, launched on March 10, 1999.

What is the cheapest Nasdaq 100 ETF?

The cheapest Nasdaq 100 ETF is QQQM (Invesco Nasdaq 100 ETF) with an expense ratio of 0.15%.

Is there a Nasdaq Composite ETF?

Yes, there is one. The Fidelity Nasdaq Composite Index ETF (ONEQ) tracks all companies listed on Nasdaq. ONEQ is a market cap weighted Nasdaq ETF and was launched on September 25, 2003.