Best Nasdaq 100 ETF in Australia (2026)
Nasdaq 100 ETFs hold the 100 largest non-financial companies on the Nasdaq, heavily weighted to technology.
Of the 5 ETFs we compared, U100 has the lowest fee (0.18% a year) and NDQ is the largest ($9.5bn). FANG had the best five-year return, +20.9% a year. Over 5 years, NDQ tracked its index most closely after fees. The right one depends on your goals: read what to consider below.
Data to 30 September 2026 from the TMX Australia funds report. Returns include distributions. General information only, not a recommendation.
All the options compared
Nasdaq 100 ETFs
| Code | ETF | Fee | Size | 1Y | 5Y a year | Spread |
|---|---|---|---|---|---|---|
| NDQ | Betashares Nasdaq 100 ETFLargest | 0.48% | $9.5bn | +16.6% | +15.3% | 0.03% |
| HNDQ | Betashares Nasdaq 100 Currency Hedged ETF | 0.51% | $961m | +22.3% | +13.1% | 0.04% |
| U100 | Global X US 100 ETFLowest fee | 0.18% | $107m | +12.8% | – | 0.16% |
| QNDQ | Betashares Nasdaq 100 Equal Weight ETF | 0.48% | $21m | +12.2% | – | 0.23% |
Related US tech funds
Narrower or differently built funds with a similar flavour.
| Code | ETF | Fee | Size | 1Y | 5Y a year | Spread |
|---|---|---|---|---|---|---|
| FANG | Global X FANG+ ETFBest 5Y | 0.35% | $1.8bn | +10.6% | +20.9% | 0.05% |
Compare the biggest side by side → · Check how much they overlap →
Spread is the average gap between the buy and sell price: lower is cheaper to trade. 5Y a year is the average yearly total return over five years. Past performance is not a reliable indicator of future performance.
How closely each Nasdaq ETF tracks its index
An index fund should return its index, less its fee. The gap below is each fund's return after fees minus its own benchmark. A gap close to zero means it has done its job well. Over 5 years, NDQ tracked its index most closely among the Nasdaq 100 ETFs, trailing it by only 0.41% a year.
| ETF and benchmark | Fee | 1Y gap | 3Y gap a year | 5Y gap a year | Verdict |
|---|---|---|---|---|---|
| FANGNYSE FANG+ Index (net) | 0.35% | -0.30% | -0.42% | -0.39% | Tracking well |
| NDQNasdaq-100 Index | 0.48% | -0.38% | -0.44% | -0.41% | Tracking well |
| HNDQNasdaq-100 Currency Hedged AUD Index | 0.51% | -0.57% | -0.69% | -0.67% | Lagging its index |
Gap = fund return after fees minus its benchmark. Issuer figures to November 2026. Hedged funds are measured against the hedged version of their index. Funds without published benchmark figures are left out. See every ETF vs its benchmark →
What to consider
- Concentration. A handful of tech giants make up about half the Nasdaq 100. This is a growth bet, not a diversified core holding.
- Overlap. If you already hold IVV or VGS, a Nasdaq ETF adds to the same big tech names. Check the overlap.
- Fees vary a lot for the same index. U100 charges far less than NDQ but is much smaller.
