S&P 500 or Nasdaq 100? Comparison, Returns & Historical Performance
The two indices share 54.4 % of their weight across 83 companies, and their daily returns correlate at 0.95. Holding both means buying much of the same thing twice — little is gained in spread, the weights simply shift.
Side by side
| S&P 500 | Nasdaq 100 | |
|---|---|---|
| Holdings covered | 474 | 98 |
| Volatility | 16.6 % | 22.0 % |
| Max drawdown | -19.0 % | -22.9 % |
| Cheapest ETF we cover | SPYL · 0.03 % | EXXT · 0.30 % |
The largest shared positions
| Company | S&P 500 | Nasdaq 100 |
|---|---|---|
| NVIDIA Corporation | 8.14 % | 8.53 % |
| Apple Inc. | 7.42 % | 7.83 % |
| Microsoft Corporation | 5.55 % | 5.82 % |
| Amazon.com Inc. | 3.77 % | 4.33 % |
| Alphabet Inc. Class A | 3.10 % | 3.23 % |
| Broadcom Inc. | 2.57 % | 2.69 % |
| Alphabet Inc. Class C | 2.48 % | 2.98 % |
| Meta Platforms Inc Class A | 2.22 % | 3.13 % |
| Micron Technology Inc. | 1.74 % | 5.02 % |
| Tesla Inc. | 1.55 % | 2.89 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (SXR8 and XNAS); of those we could attribute 97.4 % and 99.0 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 550 shared trading days.
The largest single holdings
S&P 500
NVIDIA Corporation 8.14 %
Apple Inc. 7.42 %
Microsoft Corporation 5.55 %
Amazon.com Inc. 3.77 %
Alphabet Inc. Class A 3.10 %
Broadcom Inc. 2.57 %- Alphabet Inc. Class C 2.48 %
Meta Platforms Inc Class A 2.22 %
Micron Technology Inc. 1.74 %
Tesla Inc. 1.55 %
Nasdaq 100
- NVIDIA Corporation 8.53 %
- Apple Inc. 7.83 %
- Microsoft Corporation 5.82 %
- Micron Technology Inc. 5.02 %
- Amazon.com Inc. 4.33 %
Advanced Micro Devices Inc. 4.00 %- Alphabet Inc. Class A 3.23 %
- Meta Platforms Inc Class A 3.13 %
- Alphabet Inc. Class C 2.98 %
- Tesla Inc. 2.89 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| S&P 500 vs MSCI USA | 94 % |
| MSCI World vs S&P 500 | 69 % |
| Nasdaq 100 vs MSCI USA Informationstechnologie | 54 % |
| Nasdaq 100 vs S&P 500 Informationstechnologie | 54 % |
| Nasdaq 100 vs MSCI World Informationstechnologie | 52 % |
| MSCI World vs Nasdaq 100 | 40 % |
| S&P 500 vs S&P 500 Informationstechnologie | 38 % |
| S&P 500 vs Dow Jones | 29 % |
| S&P 500 vs Euro STOXX 50 | 0 % |
| S&P 500 vs MSCI Emerging Markets | 0 % |
| S&P 500 vs MSCI World ex USA | 0 % |
| S&P 500 vs Russell 2000 | 0 % |
In the Alysly network
How S&P 500 connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Apple Stock · contains
- Micron Technology Stock · contains
- Microsoft Corporation Stock · contains
- NVIDIA Corporation Stock · contains
- SPYL ETF · tracks
- SXR8 ETF · tracks
- SPY5 ETF · tracks