5 Best Index Funds Popular Among Reddit Investors

4. Invesco QQQ Trust (NASDAQGM:QQQ)

Net Assets: $174.32 billion

The Invesco QQQ Trust (NASDAQ:QQQ) is an ETF that tracks the performance of the NASDAQ Composite Index.

The Invesco QQQ Trust (NASDAQ:QQQ) has rallied as much as 20% since its lows of mid-June 2022. Some experts believe that such short-term rallies are common in a bear market and should be considered a return to a bull market. The NASDAQ Composite Index has usually been termed a tech-heavy index, as nearly 50% of the index’s exposure is to the technology sector.

The Fund remains popular among Reddit investors as it has notable names in its portfolio. Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Tesla, Inc. (NASDAQ:TSLA) are the four biggest constituents of the ETF and occupy 33.3% of the portfolio. Meanwhile, the top 10 holdings take up 52.8% of the ETF. Due to its high-beta nature, the Invesco QQQ Trust (NASDAQ:QQQ) has taken a median time of two-and-a-half years to rebound from its bottom to its peak.