It's going to depend on your tax rate and the expense ratio of whatever Nasdaq ETF you choose unless you're planning to self-manage 100+ company investments. Dividends get taxed (usually) as income, so you'd have to deduct that from the average dividend yield. QQQ, for example, has a 0.2% expense ratio and around 0.55% yield. If you assume 30% tax rate on the dividends, the after-tax, after-expense yield is under 0.2%, or basically negligible even with compounding.

If you want to compare dividend reinvestment, you should stick to non-tech indexes.