Better ETF Buy Right Now: QQQ vs. SCHG
Tech and growth stocks are again dominating the markets. One of these two elite ETFs has a slight advantage for today's environment.
Overview
The Invesco QQQ ETF (NASDAQ: QQQ) has become one of the largest ETFs in the entire marketplace thanks to its heavy allocation to some of the biggest tech companies in the world. The "Magnificent 7" stocks and the artificial intelligence (AI) boom have helped make it one of the most popular and best-performing growth ETFs available.
Details
Over the past 10 years, the fund has returned 625%. Since its launch in 1999, it's gained around 1,600%. And that includes bear markets during the tech bubble, the financial crisis, and the COVID-19 pandemic!
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.