VGT - This tech dividend ETF has outperformed the Nasdaq in 2022

With lingering worries about the tech sector sparking another decline in the Nasdaq Composite (COMP.IND) to start the week, investors find themselves in a conundrum. They are looking for safety in a volatile environment, while still wanting to keep exposure to the growth prospects built into the most innovative companies. In this environment, the First Trust NASDAQ Technology Dividend Index ETF (NASDAQ:TDIV) has drawn attention, outperforming not only the Nasdaq but most other technology exchange traded funds YTD. TDIV remains lower for 2022, hovering slightly above correction territory with a YTD performance of -9.8%. Even so, it has outperformed the Nasdaq and benchmark Invesco QQQ ETF (QQQ), which tracks the Nasdaq 100. Those indexes show declines of 14% and 13.8%, respectively. TDIV has also outperformed many other of the market's most prominent tech ETFs this year. This includes Vanguard Information Technology ETF (VGT) -14.8%, Technology Select Sector SPDR Fund (XLK) -14%, VanEck Semiconductor ETF (SMH) -22.1%, and

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This tech dividend ETF has outperformed the Nasdaq in 2022