Nasdaq 100
The 100 largest Nasdaq companies, mostly tech. Higher returns, and sharper drawdowns.
Historical chart not available yet, we couldn't find a reliable open source for a Nasdaq 100 time series. Rather than plot fabricated data, we prefer to show no chart until we have a quality source. The current value is fetched live every hour.
What is Nasdaq 100?
The Nasdaq 100 (NDX) holds the 100 largest non-financial companies listed on Nasdaq. In practice it is a technology index: software, semiconductor and internet giants carry most of the weight. Note it differs from the Nasdaq Composite, which includes thousands of companies.
How it affects you
Many Israeli investors hold it through index funds as an addition to the S&P 500. The key difference: Nasdaq 100 is far more concentrated: its ten largest holdings make up a large share of the index. Historically it delivered higher returns than the S&P 500, but also deeper and longer drawdowns in tech downturns.
How to read this number
Higher volatility than the S&P 500 is a built-in property of the index, not a malfunction. If you add Nasdaq 100 to a portfolio that already holds the S&P 500, understand you are mostly increasing exposure to the same mega-caps, not diversifying.
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Source: TradingView
Frequently asked
Expand/collapse: What is the difference between Nasdaq 100 and the S&P 500?
The S&P 500 spans 500 US companies across all sectors, including financials and industrials. The Nasdaq 100 holds 100 Nasdaq-listed companies, excludes financials, and is dominated by technology. Overlap is large: most Nasdaq 100 heavyweights also sit in the S&P 500.
Expand/collapse: How do I invest in the Nasdaq 100 from Israel?
Through an index fund tracking it: Israeli funds and foreign funds both exist (including Irish-domiciled funds, relevant to anyone avoiding US estate tax). Purchases go through a brokerage account at a bank or investment house.