Data as of Oct 28, 2026.

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NDEC vs QQQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, NDEC returned +13.1% to QQQ's +15.2%, and QQQ charges 0.18% to NDEC's 0.79%.

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Net assets: $61m on Oct 28, 2026 for Innovator Growth-100 Power Buffer ETF - Dec, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.

At a glance
+13.1%
NDEC total return, 1 year
+15.2%
QQQ total return, 1 year
0.79%
NDEC expense ratio
0.18%
QQQ expense ratio

Pair scorecard

QQQ costs 0.61 points a year less; their one-year returns differ by 2.1 points; QQQ is far larger, $483.0bn against $61m.

NDEC vs QQQ: Differences, Returns & Fees
MeasureNDECQQQ
Return
Total return, 1 year+13.1%+15.2%
Drawdown
Below its high4.5%, high on Oct 6, 2026
Index fall to the buffer14.6%
Fund price fall to the buffer11.8%
Benchmark
What it tracksQQQNasdaq-100 Index
The outcome period
Buffer left, in index points15.0% of 15.0%
Days left in the period33
Period endsNov 30, 2026
Cost and size
Expense ratio0.79%0.18%
Net assets, as of Oct 27, 2026$61m$483.0bn
Holdings
Holdings in commonnot published
In the S&P 500, by weight96%
Top ten holdings, share of the fund46.7%

Method

Side by side

NDEC Innovator Growth-100 Power Buffer ETF - Dec QQQ Invesco QQQ Trust, Series 1
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 15% on QQQ Tracks the Nasdaq-100
Total return, 1 year +13.1% +15.2%
Its benchmark over the same days +14.6% (QQQ) +15.2% (QQQM)
Gap to its benchmark −1.5 pts vs QQQ 0.0 pts vs QQQM
Expense ratio 0.79% 0.18%
Holdings not read by ETFIQ 103
Net assets, NDEC as of Oct 28, 2026 and QQQ as of Oct 27, 2026 $61m $483.0bn

NDEC and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
NDEC

QQQ had already risen past this fund's cap of +15.4% for the period on Oct 28, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.9% as the period runs out.

The fund's price can fall 11.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, QQQ can fall 14.6% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's QQQ level. 33 days remained on Oct 28, 2026. On Nov 30, 2026 the period ends and a new cap is set.

QQQ

QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Are NDEC and QQQ in the same category?
NDEC is a buffer ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, NDEC or QQQ?
In the year to Oct 28, 2026, with distributions reinvested, NDEC returned +13.1% and QQQ +15.2%.
Which is cheaper, NDEC or QQQ?
QQQ is cheaper, by 0.61 percentage points a year. That is about $61 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, NDEC against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/ndec-vs-qqq

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