Industry classification of the components of the index per the Industry Classification Benchmark as of July 1, 2026[2]
  1. Technology (68.5%)
  2. Consumer Discretionary (16.5%)
  3. Telecommunications (3.46%)
  4. Health Care (3.56%)
  5. Industrials (3.13%)
  6. Consumer Staples (2.04%)
  7. Utilities (1.14%)
  8. Basic Materials (1.28%)
  9. Energy (0.45%)

The Nasdaq-100 is a stock market index made up of equity securities issued by approximately 100 (currently 102) of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-100 is often abbreviated as NDX,[3] NDQ, NAS100, or US100. There is approximately $1.4 trillion in assets tracking the index, including exchange-traded funds, mutual funds, and derivatives.[1]

The Nasdaq-100 index is a public float weighted/capitalization-weighted index. The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. The index is limited to companies from a single exchange, and it does not have any financial companies. The financial companies are in a separate index, the Nasdaq Financial-100.

Investing in the Nasdaq-100

Index funds, including mutual funds and exchange-traded funds (ETFs), can replicate, before fees and expenses, the performance of the index by holding the same stocks as the index in the same proportions or by holding derivatives that produce the same return as the index. Index funds that attempt to replicate the performance of the index are as follows:

Exchange-traded funds - United States
Ticker symbol Issuer Expense ratio Ref
Nasdaq: QQQ
(Invesco QQQ)		 Invesco 0.18% [2]
Nasdaq: QQQM Invesco 0.15% [4]
Nasdaq: IQQ BlackRock iShares 0.12% [5]
Nasdaq: QNDX State Street Corporation 0.10% [6]
Mutual funds - United States
Ticker symbol Issuer Expense ratio Ref
Nasdaq: IVNQX Invesco 0.35% [7]
Nasdaq: USNQX Victory Capital 0.42% [8]
Nasdaq: NASDX Shelton Capital 0.52% [9]
Nasdaq: OTPIX ProShares 1.47%
Exchange-traded funds - Canada
Ticker symbol Issuer Expense ratio Ref
TSX: ZNQ BMO Bank 0.39% [10]
TSX: QQQX Global X 0.25% [11]
TSX: QQC Invesco 0.21% [12]
TSX: XQQU BlackRock iShares 0.38% [13]
Mutual funds - Canada
Ticker symbol Issuer Expense ratio Ref
BMO 95120 BMO Bank 0.40% [14]
CIB520 CIBC 1.26% [15]
BNS597 Scotiabank 0.68% [16]
TDB908 TD Bank 0.44% [17]
UCITS Exchange-traded funds - Europe
Ticker symbol Issuer Expense ratio Ref
UST Amundi 0.22% [18]
ANX Amundi 0.23% [19]
ANAU Axa 0.14% [20]
D6RH Deka 0.25% [21]
EQQQ Invesco 0.30% [22]
EQQS Invesco 0.20% [23]
CNDX BlackRock iShares 0.30% [24]
N100 BlackRock iShares 0.20% [25]
XNAS Xtrackers by DWS Group 0.20% [26]
XNDQ Xtrackers by DWS Group 0.18% [27]
BCFP UBS 0.13% [28]

The Invesco QQQ has the highest average daily volume of all Nasdaq-100 ETFs.

Modified Nasdaq-100 ETFs

Direxion offers Nasdaq: QQQE, an ETF that includes all components of the Nasdaq-100 with equal weighting, with a 0.35% expense ratio.[29]

JPMorgan Chase offers Nasdaq: JEPQ, an ETF that invests in the Nasdaq-100 but sells covered calls to increase yields and reduce volatility, but gives up some upside, with a 0.35% expense ratio.[30]

YieldMax offers Nasdaq: QDTY, an ETF that invests in the Nasdaq-100 but sells zero-day-to-expiration out-of-the-money synthetic covered calls to generate income, which is distributed weekly, although appreciation is limited. The fund charges an expense ratio of 1.17%.[31]

Buffer ETFs, which invest in the Nasdaq-100 but limit potential upside in exchange for a preset level of downside protection, are offered by PGIM.[32]

Derivatives

The Chicago Mercantile Exchange (CME), via its Globex Trading System, offers Nasdaq-100 futures contracts. Cboe Global Markets offers options on the Nasdaq-100 as well as on ETFs that track the index.

History

The Nasdaq-100 was launched on January 31, 1985, by the Nasdaq.[33] It created two indices: the Nasdaq-100, which consists of industrial, technology, retail, telecommunication, biotechnology, health care, transportation, mass media and service companies, and the Nasdaq Financial-100, which consists of banks, Insurance companies, brokerage firms, and mortgage loan companies.

The base price of the index was initially set at 250. In January 1994, in advance of the launch of options trading on the index by the Chicago Board Options Exchange, the value of the index halved, similar to a 2-for-1 stock split, to make the index value below that of the Nasdaq Composite.[34]

In November 1998, to make the index suitable for the basis of an exchange-traded fund, the index weights were modified away from market cap weights.[34]

Foreign companies were first admitted to the Nasdaq-100 in January 1998.[35]

Selection criteria

Entry to the index is determined by the Nasdaq Index Management Committee, which follows a strict, transparent, and rules-based methodology rather than a subjective selection process. Requirements to be added to the index include having a primary listing on the Nasdaq and an average daily traded value of at least $5 million. The index components are recalculated annually after the close of trading on the third Friday in December. The number of shares outstanding and public float of each component is updated quarterly. [36]

Performance

Record values

Category All-Time Highs[37]
Closing30,660.60Tuesday, June 2, 2026
Intraday30,762.20Wednesday, June 3, 2026

Annual returns

Annual returns of the Nasdaq-100 since inception in 1985 are as follows:[38]

Year Closing level Change in Index
in Points		 Change in Index
in %
1985132.29
1986141.419.126.89
1987156.2514.8410.49
1988177.4121.1613.54
1989223.8446.4326.17
1990200.53−23.31−10.41
1991330.86130.3364.99
1992360.1929.338.86
1993398.2838.0910.57
1994404.275.991.50
1995576.23171.9642.54
1996821.36245.1342.54
1997990.80169.4420.63
19981,836.01845.2185.31
19993,707.831,871.81101.95
20002,341.70−1,366.13−36.84
20011,577.05−764.65−32.65
2002984.36−592.69−37.58
20031,467.92483.5649.12
20041,621.12153.2010.44
20051,645.2024.081.49
20061,756.90111.706.79
20072,084.93328.0318.67
20081,211.65−873.28−41.89
20091,860.31648.6653.54
20102,217.86357.5519.22
20112,277.8359.972.70
20122,660.93383.1016.82
20133,592.00931.0734.99
20144,236.28644.2817.94
20154,593.27356.998.43
20164,863.62270.355.89
20176,396.421,532.8031.52
20186,329.96−66.46−1.04
20198,733.072,403.1137.96
202012,888.284,155.2147.58
202116,320.083,431.8026.63
202210,939.76−5,380.32−32.97
202316,825.935,886.1753.81
202421,012.174,186.2424.88
202525,249.854,237.6820.17

Closing milestones

List of 1,000-point milestones by number of trading days

Milestone (closing)[37] Date of Record (closing)[37] Trading Days[37]
1,000July 8, 19973,143
2,000January 11, 1999381
3,000November 18, 1999217
4,000February 8, 200055
5,000January 6, 20174,255
6,000September 13, 2017172
7,000January 26, 201893
8,000July 24, 2019374
9,000January 13, 2020119
10,000June 10, 2020103
11,000August 3, 202037
12,000August 31, 202020
13,000January 8, 202190
14,000April 15, 202166
15,000July 23, 202169
16,000November 3, 202172
17,000January 19, 2024554
18,000February 22, 202423
19,000June 5, 202472
20,000July 2, 202418
21,000November 7, 202490
22,000December 16, 202426
23,000July 17, 2025144
24,000September 12, 202540
25,000 October 8, 2025 18
26,000 October 28, 2025 14
27,000 April 24, 2026 122
28,000 May 5, 2026 7
29,000 May 8, 2026 3
30,000 May 26, 2026 11

List of 10,000-point milestones by number of trading days

Milestone (closing)[37] Date of Record (closing)[37] Trading Days[37]
10,000June 10, 20208,912
20,000July 2, 20241,021
30,000May 26, 2026475

Related indices are:

See also

References

  1. 1 2 "Assets and Liquidity in the Nasdaq-100 Ecosystem". Nasdaq. May 14, 2026.
  2. 1 2 "About QQQ". Invesco.
  3. ↑ "NASDAQ-100 (NDX)". Nasdaq.
  4. ↑ "Invesco NASDAQ 100 ETF". Invesco.
  5. ↑ "iShares Nasdaq 100 ETF". iShares.
  6. ↑ "State Street® SPDR® Portfolio Nasdaq® 100 ETF". State Street Corporation.
  7. ↑ "Invesco NASDAQ 100 Index Fund". Invesco.
  8. ↑ "Victory Nasdaq-100 Index Fund". Victory Capital.
  9. ↑ "NASDX: A Nasdaq-100® Fund for Everyday Investors". Shelton Capital.
  10. ↑ "ZNQ - BMO NASDAQ 100 Equity Index ETF". BMO Bank.
  11. ↑ "Global X Nasdaq-100 Index ETF". Global X.
  12. ↑ "Invesco NASDAQ 100 Index ETF - CAD" (PDF). Invesco.
  13. ↑ "iShares NASDAQ 100 Index ETF". iShares.
  14. ↑ "BMO Nasdaq 100 Equity ETF Fund - F". BMO Bank.
  15. ↑ "CIBC Nasdaq Index Fund". CIBC.
  16. ↑ "Scotia Nasdaq Index Fund Series F". Scotiabank.
  17. ↑ "TD Nasdaq® Index Fund - e". TD Bank.
  18. ↑ "Amundi Core Nasdaq-100 Swap UCITS ETF Acc". Amundi.
  19. ↑ "Amundi Nasdaq-100 Swap UCITS ETF EUR Acc". Amundi.
  20. ↑ "AXA IM's ETF platform turns three: Flagship NASDAQ 100 UCITS ETF reaches key anniversary milestone". Axa.
  21. ↑ "Deka Nasdaq-100® UCITS ETF". Deka.
  22. ↑ "Invesco EQQQ Nasdaq-100 UCITS ETF Dist". Invesco.
  23. ↑ "Invesco NASDAQ-100 Swap UCITS ETF Acc". Invesco.
  24. ↑ "iShares NASDAQ 100 UCITS ETF". iShares.
  25. ↑ "iShares NASDAQ 100 Swap UCITS ETF". iShares.
  26. ↑ "Xtrackers NASDAQ 100 UCITS ETF 1C". DWS Group.
  27. ↑ "Xtrackers Nasdaq 100 Swap UCITS ETF 1C". DWS Group.
  28. ↑ "UBS Nasdaq-100 UCITS ETF". UBS.
  29. ↑ "Direxion NASDAQ-100 Equal Weighted Index ETF". Direxion.
  30. ↑ "JPMorgan Nasdaq Equity Premium Income ETF". JPMorgan Chase.
  31. ↑ "YieldMax® Nasdaq 100 0DTE Covered Call Strategy ETF". YieldMax.
  32. ↑ "PGIM Laddered Fund Nasdaq-100 Buffer 12 ETF (PBQQ)". PGIM.
  33. ↑ "10 Fun Facts about the Nasdaq-100 Index". Nasdaq.
  34. 1 2 "The Nasdaq-100" (PDF). Nasdaq. April 28, 2021.
  35. ↑ "NASDAQ 100". CPRAM.
  36. ↑ "NASDAQ 100 Index Methodology" (PDF). Nasdaq.
  37. 1 2 3 4 5 6 7 "NASDAQ-100 (^NDX)". Yahoo Finance.
  38. ↑ "NASDAQ 100 (^NDX) historical data". Yahoo! Finance.
source: https://en.wikipedia.org/wiki/Nasdaq-100