The Nasdaq stock exchange contains some of the most attractive investments on the stock market, including quickly growing tech names. Investors can own them all by purchasing a Nasdaq index fund, making it easy to own such bellwethers as the Magnificent 7 stocks. But a variety of such funds exist, and you want to be careful about what exactly you’re buying.
Here are some top Nasdaq exchange-traded funds (ETFs) and key things you need to look for.
The funds below invest primarily in the Nasdaq 100 index, which includes the largest 100 non-financial stocks trading on the Nasdaq stock exchange — companies such as Apple, Amazon, Microsoft, Alphabet, Meta Platforms, Netflix and many more. Don’t get that confused with the Nasdaq Composite, an index which includes all stocks trading on that exchange.
Other ETFs below include leveraged funds and short funds. Leveraged funds allow investors to potentially make a larger return than what’s delivered by the index itself. Short funds let investors bet against the index, allowing them to profit when the index falls. (Data as of April 10, 2025.)
This fund aims to mimic the Nasdaq 100 index, though it’s actually dramatically outperformed that index.
This fund — also from Invesco — tracks the Nasdaq 100, too, but it does it at even lower cost. The fund has not existed for five years, but its three-year returns are comparable to those of the QQQ ETF.
This leveraged fund uses derivatives to amp up the return of the Nasdaq 100, and it targets a daily return of three times that index. It also charges a healthier expense ratio for that benefit.
This fund holds an equal weighting in the Nasdaq 100 stocks rather than the typical weighting that is heavily skewed to the largest tech stocks.
This fund goes up as the Nasdaq 100 goes down, allowing you to short-sell the index in a convenient fund.
This reasonably priced fund tracks the Nasdaq Composite (not the Nasdaq 100), so investors get broader exposure to that larger index and less concentration in the biggest tech stocks.
