![]() Meantime, the #1 holding is Apple with a 12.9% weight. ![]() That being the case, an investor that already has a full-weight position in those two stocks may want to look for a growth ETF that will offer him or her better diversification. The second observation is that this fund has nearly 26% allocated to Apple and Microsoft alone. For instance, the VOO ETF has a 6.47% weight in Apple ( AAPL) and a 5.5% allocation to Microsoft ( MSFT). ![]() My first observation is that, VOOG's top-4 holdings are the same as held by the Vanguard S&P 500 ETF ( VOO), but VOOG's allocation is roughly 2x higher. The top-10 holdings equate to a moderately diversified 49.2% of the entire 242 company portfolio: The top-10 holdings in the VOOG ETF are shown below and were taken directly from the Vanguard VOOG ETF webpage - where you can get more detailed information on the fund. That being the case, perhaps the big decline in VOOG this year might be an opportunistic entry point for those investors that might find themselves underweight the sector. They continue to have large cash positions and they continue to generate strong free cash flow. However, as will be discussed below, the earnings of the leading companies in the VOOG ETF have not fallen off a cliff. That being the case, the Vanguard S&P 500 Growth ETF ( NYSEARCA: VOOG) has gotten creamed as well and has significantly underperformed the broad ( DIA ) and ( SPY ) market averages and has barely beaten the returns of the battered ( QQQ ) Nasdaq-100 (see below). The big high-tech technology stocks have gotten absolutely hammered by the 2022 bear-market. ![]()
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