Zacks Investment ResearchT3·19d ago
QNDX State Street SPDR Portfolio Nasdaq 100 ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
QNDX
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Key stats
About
State Street SPDR Portfolio Nasdaq 100 ETF (QNDX) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2026-06-23
- Has Options
- No
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Nov 5, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.10% issuer, Nov 9, 2026
- Assets
- $674M issuer-reported, Nov 5, 2026
- Trailing yield
- 0.12% paid quarterly
- Average daily volume
- $34M 30 sessions
- Holdings
- 104 top 10 are 46.8%
- Listed
- Jun 23, 2026 Nasdaq
- Net asset value
- $21.94 issuer, Nov 5, 2026 · closed +0.02% to NAV
- 30-day SEC yield
- 0.49% issuer
- Tracking difference
- +0.52 pts vs index, after fees, FY 2026
Cost83
Liquidity84
Scale50
Diversification61
Stated objective. The State Street SPDR Portfolio Nasdaq 100 ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization equity securities of non-financial companies listed on a U.S. exchange. (from the fund's prospectus)
All 104 holdingsFlow historySimilar fundsOverlap toolAll Large Cap Growth ETFs
Fund flows
daily as of Nov 5, 2026issuer datathrough Jun 2026SEC filings- Nov 5, 2026
- +$42M latest day
- Latest 5 trading days
- +$69M
- Latest 21 trading days
- +$252M +37.5% of assets
- Year to date
- +$737M
Each day
| Day | Net flow |
|---|---|
| Nov 5, 2026 | +$42M |
| Nov 4, 2026 | $0 |
| Nov 3, 2026 | +$4.6M |
| Nov 2, 2026 | +$16M |
| Oct 30, 2026 | +$7.0M |
| Oct 29, 2026 | +$2.4M |
| Oct 28, 2026 | +$37M |
| Oct 27, 2026 | +$20M |
| Oct 26, 2026 | +$17M |
| Oct 23, 2026 | +$19M |
| Oct 22, 2026 | +$19M |
| Oct 21, 2026 | +$7.4M |
| Oct 20, 2026 | +$2.4M |
| Oct 19, 2026 | +$24M |
| Oct 16, 2026 | +$2.4M |
| Oct 15, 2026 | +$2.5M |
| Oct 14, 2026 | +$9.9M |
| Oct 13, 2026 | +$5.0M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | +$13M |
| Oct 8, 2026 | +$2.5M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$24M latest reported month
- Latest 3 months
- +$24M +97.8% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$24M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 1 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| QBProShares Nasdaq-100 Dynamic Buffer ETF | 99% | 0.58% | $2.3M | +7.3% | compare |
| QQQMInvesco NASDAQ 100 ETF | 99% | 0.15% | $101.5B | +5.3% | compare |
| QQQInvesco QQQ Trust, Series 1 | 99% | 0.18% | $445.1B | +5.3% | compare |
| QYLGGlobal X Nasdaq 100 Covered Call & Growth ETF | 99% | 0.35% | $177M | −9.0% | compare |
| IQQiShares Nasdaq 100 ETF | 99% | 0.10% | $764M | — | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Nov 5, 2026issuer data- Holdings vs fair value
- −0.8% 24% under, 41% over · 100% covered
- Price / earnings
- 27.2 4% loss-making · 95% covered
- Price / book · sales
- 7.6 · 5.5 revenue growth +14.8%
- Above 200-day average
- 50% 44% above 50-day · by weight
- Short interest
- 2.1% of float, weighted · 3.1 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 70% net selling
- 13F holders
- +2.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 4.0% of weight in 7 days; 17.0% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.42%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
Under the hood
fiscal year to Jun 30, 2026SEC census- Authorized participants
- 3 active of 41 with agreements; top 3 did 100%
- Created · redeemed
- $34M · $2.5M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 100,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- +0.52 pts after fees; +0.52 before; daily s.d. 0.01
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-11-05
Holdings
104
AUM
$673.6M
Provider
SPDR (State Street)
Inception
2026-06-23
Exchange
XNAS
Data As Of
2026-11-05
Expense Ratio
0.10%
Dividend Yield
0.12%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-23 | $0.0272 | CD |
Asset Allocation
Top Holdings
top 50 of 104 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| AAPL | APPLE INC | 8.70% | Equity (US) | US |
| NVDA | NVIDIA CORP | 7.59% | Equity (US) | US |
| MSFT | MICROSOFT CORP | 6.89% | Equity (US) | US |
| AMZN | AMAZON.COM INC | 4.86% | Equity (US) | US |
| MU | MICRON TECHNOLOGY INC | 3.55% | Equity (US) | US |
| AMD | ADVANCED MICRO DEVICES | 3.15% | Equity (US) | US |
| TSLA | TESLA INC | 3.13% | Equity (US) | US |
| META | META PLATFORMS INC CLASS A | 3.12% | Equity (US) | US |
| WMT | WALMART INC | 2.97% | Equity (US) | US |
| GOOGL | ALPHABET INC CL A | 2.87% | Equity (US) | US |
| GOOG | ALPHABET INC CL C | 2.70% | Equity (US) | US |
| SPCX | SPACE EXPLORATION TECHN CL A | 2.54% | Equity (US) | US |
| AVGO | BROADCOM INC | 2.40% | Equity (US) | US |
| COST | COSTCO WHOLESALE CORP | 2.27% | Equity (US) | US |
| CSCO | CISCO SYSTEMS INC | 1.80% | Equity (US) | US |
| PLTR | PALANTIR TECHNOLOGIES INC A | 1.71% | Equity (US) | US |
| INTC | INTEL CORP | 1.31% | Equity (US) | US |
| NFLX | NETFLIX INC | 1.31% | Equity (US) | US |
| PANW | PALO ALTO NETWORKS INC | 1.23% | Equity (US) | US |
| TXN | TEXAS INSTRUMENTS INC | 1.22% | Equity (US) | US |
| AMAT | APPLIED MATERIALS INC | 1.21% | Equity (US) | US |
| AMGN | AMGEN INC | 1.19% | Equity (US) | US |
| LIN | LINDE PLC | 1.15% | Equity (Foreign) | IE |
| LRCX | LAM RESEARCH CORP | 1.11% | Equity (US) | US |
| CRWD | CROWDSTRIKE HOLDINGS INC A | 1.07% | Equity (US) | US |
| GILD | GILEAD SCIENCES INC | 0.99% | Equity (US) | US |
| PEP | PEPSICO INC | 0.93% | Equity (US) | US |
| ADI | ANALOG DEVICES INC | 0.84% | Equity (US) | US |
| SHOP | SHOPIFY INC CLASS A | 0.83% | Equity (Foreign) | CA |
| TMUS | T MOBILE US INC | 0.83% | Equity (US) | US |
| KLAC | KLA CORP | 0.81% | Equity (US) | US |
| ISRG | INTUITIVE SURGICAL INC | 0.79% | Equity (US) | US |
| QCOM | QUALCOMM INC | 0.79% | Equity (US) | US |
| VRTX | VERTEX PHARMACEUTICALS INC | 0.66% | Equity (US) | US |
| ASML | ASML HOLDING NV NY REG SHS | 0.61% | Equity (Foreign) | NL |
| BKNG | BOOKING HOLDINGS INC | 0.61% | Equity (US) | US |
| ADP | AUTOMATIC DATA PROCESSING | 0.59% | Equity (US) | US |
| SBUX | STARBUCKS CORP | 0.58% | Equity (US) | US |
| SNDK | SANDISK CORP | 0.56% | Equity (US) | US |
| MRVL | MARVELL TECHNOLOGY INC | 0.56% | Equity (US) | US |
| APP | APPLOVIN CORP CLASS A | 0.52% | Equity (US) | US |
| MAR | MARRIOTT INTERNATIONAL CL A | 0.52% | Equity (US) | US |
| STX | SEAGATE TECHNOLOGY HOLDINGS | 0.51% | Equity (Foreign) | IE |
| ADBE | ADOBE INC | 0.47% | Equity (US) | US |
| INTU | INTUIT INC | 0.47% | Equity (US) | US |
| WDC | WESTERN DIGITAL CORP | 0.46% | Equity (US) | US |
| MRNA | MODERNA INC | 0.46% | Equity (US) | US |
| CSX | CSX CORP | 0.45% | Equity (US) | US |
| MNST | MONSTER BEVERAGE CORP | 0.45% | Equity (US) | US |
| REGN | REGENERON PHARMACEUTICALS | 0.44% | Equity (US) | US |
Chart
Seasonality
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | -- | -- |
| Mar | -- | -- |
| Apr | -- | -- |
| May | -- | -- |
| Jun | 3.76% | 3.76% |
| Jul | -5.44% | -5.44% |
| Aug | 2.40% | 2.40% |
| Sep | 4.55% | 4.55% |
| Oct | -7.00% | -7.00% |
| Nov | -0.39%* | -0.39% |
| Dec | -- | -- |
| Total | -2.69% | -2.69% |
* Only 1 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $23.86
SMA 50: $24.40
SMA 200: —
Current: $23.00
EMA 12: $23.31
EMA 26: $23.86
MACD: -0.5484 | Signal: -0.1681
BEARISH
ADX (14): 33.05
TREND
+DI: 20.64
−DI: 40.22
Momentum Oscillators
RSI (14): 41.05
NEUTRAL
Stoch %K: 17.46
Stoch %D: 14.08
Williams %R: -60.44
Volume & Volatility
BB Upper: $25.50
BB Lower: $22.22
NEUTRAL
OBV: 9,304,589
Vol SMA 20: 1,963,430
Vol ROC: 114.86%
ATR: $0.54
True Range: $0.85
HV 20: 35.3%
HV 30: 29.6%
HV 60: 23.5%
Data Summary
Data Points: 97
Last Updated:
Date Range: 2026-06-24T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Here is a comprehensive stock analysis report for QNDX based on the provided data:
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Trend indicators suggest a consolidation phase, with both short-term and medium-term trends being neutral
- Momentum oscillators are neutral, indicating no clear buy or sell signal
- Bollinger Bands indicate a neutral signal, with the stock trading near the middle band
Primary Risks:
- High volatility, with a beta of 1.59, indicating a high risk relative to the market
- Recent news sentiment is unknown due to lack of recent headlines
Technical Analysis
Trend Direction: NEUTRAL (short-term and medium-term)
Support/Resistance Levels:
- SMA 20: $24.30
- SMA 50: $24.10
- Upper Bollinger Band: $24.79
Momentum Signals:
- RSI interpretation: Neutral, with a reading of 53.58
- MACD signal: Bullish, with a histogram of 0.01
- Bollinger Bands position: Neutral
Volume Analysis:
- Volume SMA 20: 592920.30 (increasing volume)
- On-Balance Volume (OBV): 342011.21 (positive OBV)
- Volume Rate of Change: -12.44% (decreasing volume)
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available
Sentiment Assessment: Neutral (unknown sentiment due to lack of recent headlines)
Catalyst Identification: No upcoming earnings or product launches announced
Market Narrative: The stock is trading in a consolidation phase, with no clear buy or sell signal from technical indicators.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the market (beta = 1.59)
Volatility Regime: High volatility, with an average true range of $0.30 and historical volatility of 12.9% for the last 20 days
Options Market Signals:
- IV Premium vs HV30: N/A (positive implies implied richer than realized)
- Put/call ratios: Unknown due to lack of options data
- Unusual activity: None reported
Downside Protection: Support levels at SMA 20 ($24.30) and SMA 50 ($24.10)
Market Context & Positioning
Sector Performance: Unknown, as no sector information is provided
Institutional Activity: Unknown, as no volume or institutional interest data is available
Correlation Analysis: The stock has a high correlation with the market (R-squared = 0.89), indicating a strong connection to broader market trends
Relative Valuation: The stock is trading near its middle Bollinger Band, suggesting it may be fairly valued in relation to its historical volatility and trend strength.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($24.30)
- SMA 50 ($24.10)
- Upper Bollinger Band ($24.79)
Breakout/Breakdown Levels: Unknown, as no clear breakout or breakdown levels are identified
Time-Sensitive Catalysts: No upcoming earnings or product launches announced
Risk Management:
- Stop-loss levels: Based on SMA 20 and SMA 50 support levels
- Position sizing considerations: Take a cautious approach due to high volatility and unknown news sentiment
Please note that this analysis is based on the provided data, and actual stock performance may differ. Additionally, this report does not provide buy or sell recommendations, but rather presents a comprehensive risk-reward assessment for QNDX.
Generated
News
All QNDX news →
QNDX Options Activity & IV Rank
Loading options activity...
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.5280
Alpha: -20.86%
Correlation: 0.9184
R-Squared: 84.3%
Stock Volatility: 23.2%
Market Volatility: 13.9%
Analysis Details
Benchmark: SPY
Data Points: 96
Period: 252 trading days
Data Points: 96
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
QNDX Institutional Ownership (13F)
Filings for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|