IVV and NDQ overlap by about 53%: there is a fair amount of double-up. IVV is cheaper (0.04% vs 0.48% a year), about $440 a year less on $100,000. IVV is the bigger fund ($14.9b vs $9.5b). IVV is the broad US market: 500 companies across every sector. NDQ is 100 Nasdaq companies, heavy in technology, with a higher fee and bigger swings.
📅 As at 30 September 2026: fees, size, flows and returns from the TMX Australia funds report; overlap from published holdings as at 30 October 2026.
IVV
iShares S&P 500 ETFIVV invests in the 500 large US companies in the S&P 500 index, weighted by size. It is one of the cheapest ETFs on the ASX.
NDQ
Betashares Nasdaq 100 ETFNDQ invests in the 100 largest non-financial companies listed on the US Nasdaq exchange, which are dominated by technology.
IVV vs NDQ side by side
Green marks the cheaper, bigger or better-performing fund on each line. Past returns are not a reliable guide to the future.
| IVV | NDQ | |
|---|---|---|
| Issuer | iShares (BlackRock) | Betashares |
| Index | S&P 500 Index | Nasdaq-100 Index |
| Fee (a year) | 0.04% | 0.48% |
| Size | $14.9b | $9.5b |
| Net money in, September | −$84m | −$9m |
| 1-year return | +10.1% | +16.6% |
| 5-year return | +88% | +104% |
| Listed | 2007 | 2015 |
| Top 10 holdings | 41% of fund | 49% of fund |
| Trend now | Base | Base |
How much do IVV and NDQ overlap?
About 53% of their holdings are the same, by weight: medium overlap, so there is a fair amount of double-up.
The biggest companies they both own
| Company | IVV | NDQ |
|---|---|---|
| Apple IncInformation Technology | 8.2% | 8.2% |
| NVIDIA CorpInformation Technology | 8.1% | 8.0% |
| Microsoft CorpInformation Technology | 6.3% | 6.3% |
| Alphabet (Google)Communication Services | 4.8% | 5.2% |
| Amazon.com IncConsumer Discretionary | 3.8% | 4.2% |
| Broadcom IncInformation Technology | 2.5% | 2.5% |
| Meta Platforms IncCommunication Services | 2.2% | 3.0% |
| Tesla IncConsumer Discretionary | 1.8% | 3.4% |
| Micron Technology IncInformation Technology | 1.6% | 4.5% |
| Advanced Micro Devices IncInformation Technology | 1.3% | 3.7% |
Only in IVV
- Eli Lilly & Co 1.9%
- Berkshire Hathaway 1.7%
- JPMorgan Chase & Co 1.5%
- ExxonMobil Holdings Corp 1.3%
- Visa Inc 1.2%
Only in NDQ
- Space Exploration Technologies Corp 2.6%
- Shopify Inc 0.9%
- Asml Holding NV 0.7%
Sectors and countries
Sectors
Countries
Trend: base, uptrend or downtrend?
Past year of prices, shaded by trend stage. The dashed line is the 200-day exponential average. As at 4 November 2026. How base and trend works.
IVV or NDQ: which suits who?
Where either fits depends on the rest of your portfolio: whether it’s your core or a satellite. See core and satellite investing and our full profiles of IVV and NDQ.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
IVV vs NDQ FAQs
Is IVV or NDQ better?
Neither is better for everyone. IVV is the broad US market: 500 companies across every sector. NDQ is 100 Nasdaq companies, heavy in technology, with a higher fee and bigger swings. Choose IVV if you want a low-cost core holding in US shares. Choose NDQ if you want a technology-heavy satellite on top of a core, and can accept bigger ups and downs.
What is the difference between IVV and NDQ?
IVV and NDQ overlap by about 53%: there is a fair amount of double-up. IVV is cheaper (0.04% vs 0.48% a year), about $440 a year less on $100,000. IVV is the bigger fund ($14.9b vs $9.5b). IVV is the broad US market: 500 companies across every sector. NDQ is 100 Nasdaq companies, heavy in technology, with a higher fee and bigger swings.
Should I own both IVV and NDQ?
You can, but check the double-up: about 53% of their holdings are the same. Use the overlap calculator to see how they fit with your other ETFs.
Which is cheaper, IVV or NDQ?
IVV is cheaper (0.04% vs 0.48% a year), about $440 a year less on $100,000. Fees are taken from the fund’s returns, not charged separately.
Fees, size, flows and returns: TMX Australia Funds Report to 30 September 2026; returns are total returns and the 5-year figure is cumulative. Overlap, sectors and countries are based on each fund’s published holdings, scaled to the part of each fund we can see. Trend stages are a technical indicator based on 10, 20, 50 and 200-day exponential moving averages; they describe the past, not the future. General information only, not a recommendation to buy or sell IVV or NDQ. Consider the PDS and TMD, and your own circumstances, before investing.