If you’re tracking the S&P 500 instead of this fund, you’re leaving money on the table, says PhilipvanDoorn
ETF investors want low expenses and diversification. The standard play for millions of people saving for retirement is an S&P 500 Index fund, but there are other broad approaches that have performed better than that benchmark.
The Invesco QQQ Trust QQQ, +0.75% hit its 20-year anniversary earlier this week and now has $67 billion in assets. The ETF’s portfolio weighting matches the Nasdaq-100 Index NDX, +0.77%You can see the tech bubble-and-bursting action for QQQ in 2000. But over the past 20 years, QQQ has greatly outperformed SPY. Here are average annual returns for both ETFs over various periods through March 12:
During an interview on March 12, John Frank, Invesco’s QQQ strategist, pointed out that only one of the FAANG stocks is still considered to be a tech stock. Then again, just as pretty much every tech company is now a cloud company, it seems that every large company had better be a “tech” company.
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