Maximize Your Returns: Top 10 Tech ETFs to Consider for 2024

The Invesco QQQ Trust is commonly referred to as the QQQ ETF. It’s one of the top 10 tech ETFs that’s structured like a unit investment trust (UIT). It only invests in non-financial stocks listed on the NASDAQ, and it effectively ignores other sectors as well. As a result, it skews heavily away from a broad-based large-cap portfolio, and QQQ has massive exposure to tech, but it’s not a ‘tech fund’ in the traditional sense. The fund’s complicated weighting rules further distance it from anything that’s even remotely similar to simple vanilla large-cap (or pure-play tech) coverage. The ETF has much more concentration in its top holdings, and it’s more volatile than our standard vanilla large-cap index. Despite this, the fund has a lot of name recognition for its underlying index NASDAQ-100, which includes 100 of the largest non-financial companies listed on the NASDAQ stock exchange. With a focus on technology, healthcare, and consumer discretionary sectors, QQQ offers investors exposure to industry giants like Apple, Microsoft, Amazon, and Alphabet.