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5 Best Nasdaq ETFs To Invest In

Nasdaq exchange-traded funds (ETFs) are investment funds that contain various stocks listed on the Nasdaq index. These ETFs are popular among investors because they offer diversified access to top-performing stocks, along with low expense ratios and fees compared to other securities like mutual funds.

Here are the top 5 Nasdaq ETFs to consider for investing in 2024 and beyond:

1. Invesco (QQQ): This ETF is popular for its full replication strategy, which includes every security in the Nasdaq Index. It has shown an annualized return of 9.5% since its inception in 1999 and a five-year annualized return of 22.4%, outperforming S&P 500 funds.

2. Invesco Nasdaq 100 ETF (QQQM): Similar to Invesco QQQ, this ETF also uses a full index replication strategy but with a lower expense ratio. It may be a better fit for individual investors who don’t need to trade large shares frequently.

3. Fidelity Nasdaq Composite Index ETF (ONEQ): Unlike QQQ or QQQM, ONEQ uses a sampling approach by investing in a smaller group of stocks in the Nasdaq index. It is a passively managed ETF popular among institutional and retail investors due to its low costs, flexibility, and tax efficiency.

4. Direxion Nasdaq-100 Equal Weighted Index Shares (QQQE): This ETF focuses on reducing concentration in technology companies like Apple and Microsoft, providing more balanced exposure and potential for growth in smaller Nasdaq companies.

5. Invesco Nasdaq Next Gen 100 ETF (QQQJ): This ETF focuses on up-and-coming mid-cap growth stocks, including companies like eBay, Super Micro Computer, and Ulta Beauty.

Before investing in any security, it is essential to understand your investment plan. Nasdaq ETFs offer a way to invest in a diversified portfolio of Nasdaq stocks, with the potential for both gains and losses. Tailor your exposure to align with your investing goals.

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