The New York Stock Exchange, or NYSE, is making a direct play for dominance over the Nasdaq-100 Index with the launch of its new NYSE 100 Index, paired with a new ETF from Global X ETFs.
The index, and consequently the Global X NYSE 100 ETF
A Broader Take On Tech
Unlike legacy benchmarks rooted in a narrower definition of the sector, the NYSE 100 Index includes both core technology firms and "tech-enabled" companies across industries such as payments, e-commerce, communication services, and consumer platforms. While stalwarts like Apple, Inc
The index reflects that shift. Alongside megacap leaders like Nvidia, Alphabet, Meta Platforms, Tesla, and Amazon, it also incorporates companies such as Mastercard Inc
The NYSX ETF: Capturing 'Next-Gen' Growth
The NYSX ETF tracks this newly created index, offering exposure to 100 U.S.-listed companies across multiple exchanges, including NYSE, Nasdaq, and others. Built using a modified float-adjusted market capitalization methodology, the index also factors in liquidity, price-to-sales ratios, and revenue growth-tilting toward companies that combine scale with momentum.
A key differentiator is its quarterly reconstitution, designed to fast-track the inclusion of IPOs and emerging disruptors. That means the ETF could evolve more quickly than traditional benchmarks, which often lag in adding new-age companies.
A New Rival In The Tech Benchmark Race
With an expense ratio of 0.09%, NYSX enters a crowded field dominated by Nasdaq-linked ETFs-but with a clear pitch: offer a more diversified, forward-looking alternative to the Nasdaq-100. By blending traditional tech giants with fast-growing, tech-enabled businesses, the NYSE® 100 Index positions itself as a potential challenger in the race to define the modern tech trade.
For investors, the question now is about which definition of "tech" will win.
