NDQ and HNDQ overlap by about 100%: owning both mostly doubles up. NDQ is cheaper (0.48% vs 0.51% a year), about $30 a year less on $100,000. NDQ is the bigger fund ($9.5b vs $961m). The same 100 Nasdaq companies. HNDQ hedges the currency to Australian dollars; NDQ doesn’t.
📅 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.
NDQ
Betashares Nasdaq 100 ETFNDQ invests in the 100 largest non-financial companies listed on the US Nasdaq exchange, which are dominated by technology.
HNDQ
Betashares Nasdaq 100 Currency Hedged ETFHNDQ invests in the same 100 Nasdaq companies as NDQ, with the currency hedged to Australian dollars.
NDQ vs HNDQ 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.
| NDQ | HNDQ | |
|---|---|---|
| Issuer | Betashares | Betashares |
| Index | Nasdaq-100 Index | Nasdaq-100 Index (hedged into Australian dollars) |
| Fee (a year) | 0.48% | 0.51% |
| Size | $9.5b | $961m |
| Net money in, September | −$9m | −$3m |
| 1-year return | +16.6% | +22.3% |
| 5-year return | +104% | +85% |
| Listed | 2015 | 2020 |
| Top 10 holdings | 49% of fund | 49% of fund |
| Trend now | Base | Base |
How much do NDQ and HNDQ overlap?
About 100% of their holdings are the same, by weight: high overlap, so owning both mostly doubles up.
The biggest companies they both own
| Company | NDQ | HNDQ |
|---|---|---|
| Apple IncInformation Technology | 8.2% | 8.2% |
| NVIDIA CorpInformation Technology | 8.0% | 8.0% |
| Microsoft CorpInformation Technology | 6.3% | 6.3% |
| Alphabet (Google)Communication Services | 5.2% | 5.2% |
| Micron Technology IncInformation Technology | 4.5% | 4.5% |
| Amazon.com IncConsumer Discretionary | 4.2% | 4.2% |
| Advanced Micro Devices IncInformation Technology | 3.7% | 3.7% |
| Tesla IncConsumer Discretionary | 3.4% | 3.4% |
| Meta Platforms IncCommunication Services | 3.0% | 3.0% |
| Walmart IncConsumer Discretionary | 2.7% | 2.7% |
Only in NDQ
- No holdings above 0.5%: the differences are all small positions.
Only in HNDQ
- No holdings above 0.5%: the differences are all small positions.
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.
NDQ or HNDQ: 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 NDQ and HNDQ.
See the exact overlap with everything you hold, plus the trend of each ETF, in our free calculator.
More comparisons
NDQ vs HNDQ FAQs
Is NDQ or HNDQ better?
Neither is better for everyone. The same 100 Nasdaq companies. HNDQ hedges the currency to Australian dollars; NDQ doesn’t. Choose NDQ if you want unhedged exposure. NDQ is also the bigger fund. Choose HNDQ if you want to remove the effect of the Australian dollar on your returns.
What is the difference between NDQ and HNDQ?
NDQ and HNDQ overlap by about 100%: owning both mostly doubles up. NDQ is cheaper (0.48% vs 0.51% a year), about $30 a year less on $100,000. NDQ is the bigger fund ($9.5b vs $961m). The same 100 Nasdaq companies. HNDQ hedges the currency to Australian dollars; NDQ doesn’t.
Should I own both NDQ and HNDQ?
Usually there’s little point. With 100% overlap, owning both mostly doubles up on the same companies. Pick one.
Which is cheaper, NDQ or HNDQ?
NDQ is cheaper (0.48% vs 0.51% a year), about $30 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 NDQ or HNDQ. Consider the PDS and TMD, and your own circumstances, before investing.