Equity ETFs
Nasdaq 100 ETF: the largest non-financial Nasdaq companies
The Nasdaq 100 holds the hundred largest non-financial companies listed on Nasdaq. In practice that means an index dominated by technology and growth.
- Ticker
- CNDX / SXRV
- ISIN
- IE00B53SZB19
- Issuer
- iShares (BlackRock)
- Ongoing charges
- ±0,33% per jaar
- Structure
- Physically full replication, accumulating (Ireland)
Figures are indicative and checked periodically. Always verify the ISIN, ongoing charges and index in the issuer's latest KID and factsheet before you invest.
Why this index behaves differently
Growth companies derive much of their valuation from profits far in the future, so the index reacts more sharply to interest rate moves than the broad market: higher rates reduce the present value of those future profits.
Concentration is high here too. A handful of names drives a large share of the movement.
Nasdaq 100 versus S&P 500
Overlap is large: most Nasdaq 100 companies also sit in the S&P 500. Holding both mainly doubles exposure to the same mega-caps rather than diversifying.
Using the Nasdaq 100 as a satellite next to a global core is a deliberate choice for extra growth and technology risk.
- Heavy overlap with the S&P 500
- No financials in the index
- Historically higher volatility than broad indices
Costs and variants
Ongoing charges run around 0.30% to 0.35% per year, above broad indices. Equal-weight variants limit concentration, and hedged share classes remove dollar risk at a cost.
Who it suits
Long-horizon investors who can absorb deep drawdowns. Declines of thirty per cent or more are not unusual for this index historically. If you need the money within a few years, a smaller position or a broader index fits better.
Frequently asked questions
Is the Nasdaq 100 a technology index?
Formally no, but technology and tech-adjacent consumer companies dominate the weighting.
Can I combine it with a global ETF?
You can, but you will double up on the same mega-caps. Keep the satellite small relative to the core.
What does it cost?
Around 0.33% in ongoing charges per year for the best-known Irish share classes.
Why are banks excluded?
The index excludes financial companies by definition, so that sector is entirely absent.
This is information, not investment advice. Past performance says nothing about future returns; you can lose your investment.