IXIC 0.88% 8,076.6 nasdaq composite

NASDAQ trackers NDQ vs QQQ

  1. 36 Posts.
    Comparing NASDAQ tracker ETFs - Australia based NDQ listed on ASX to
    QQQ (Invesco) USA based quoted in USD.
    Question:
    Why has NDQ performed so poorly compared to QQQ over the last 12 months when the exchange rate over the period has barely changed?

    Here are the numbers:
    NDQ
    30 Aug 2020 price A$27.16
    30 Aug 2021 price A$33.72
    Gain = 24%

    QQQ
    30 Aug 2020 price US$260.12
    30 Aug 2021 price US$372.42
    Gain =43%

    AUD/USD very little changed over period.

    Have asked this question to Betashares, waiting for answer, maybe I'm missing something obvious?




 
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