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META - VGT: Last Year IYW Was The Better Choice But Now SCHG Offers Safer Tech Exposure
Meta Platforms Inc
2024-06-20 07:30:00 ET
Summary
Last Year, I predicted IYW would be a better investment than VGT.
IYW has outperformed due to its greater concentration in fewer stocks, and it's tracking an index that includes stocks VGT's index expelled.
Both VGT and IYW's 1-year results are largely due to NVDA's extreme surge.
Going forward, Tech investors might do better with SCHG than they will in either Tech Sector tracking ETF.
It's been almost a year since I published an article where I called the Vanguard Information Technology Index Fund ETF ( VGT ) "mediocre" and recommended that investors use the iShares U.S. Technology ETF ( IYW ) to give their portfolios a tilt towards Technology stocks.
The Changing GICS Sector Definitions Have Robbed VGT of Some of Its Strongest Stocks