QQQ - These 2 ETFs Have More Than Doubled in Value in Just 5 Years
2024-01-19 06:00:00 ET
Investing in exchange-traded funds (ETFs) is a sound strategy for long-term investors. The drawback of investing in ETFs , however, is that you can sacrifice gains for the sake of diversification and reducing your overall risk. But with growth-oriented funds, you can still achieve some impressive, market-beating returns.
Two funds that have outperformed the S&P 500 and more than doubled in value in the past five years are the Invesco QQQ Trust (NASDAQ: QQQ) and the Vanguard Growth ETF (NYSEMKT: VUG) . Here's a look at why these funds have done so well, and whether you should consider adding them to your portfolio.
The Invesco QQQ Trust is a popular fund as it gives investors exposure to some of the best growth stocks on the market, specifically the 100 largest non-financial companies (by market cap) on the Nasdaq exchange. And with an expense ratio of just 0.2%, investors won't have to worry about fees taking an oversized chunk out of their returns.
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These 2 ETFs Have More Than Doubled in Value in Just 5 Years