US Growth ETF – SCHG or QQQM?

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Asked on February 24, 2025 2:41 pm
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Thanks Dan - strategy is high growth, long term hold in a self managed RRSP. Looking for something that will work for ~20% of the portfolio.

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Posted by dankoppenol@gmail.com
Answered on February 25, 2025 7:47 pm
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The answer kind of depends upon your overall strategy. Both of these funds are going to have a ton of overlap on the top side, as they will contain many of the magnificent 7 . Where they differ is that SCHG takes a more broader focus with around 230 holdings compared to QQQM's 100 (it is a NASDAQ 100 ETF).

It is not that SCHG doesn't rely on big tech. In fact, it has a heavier weighting towards them than QQQM does. It's just it diversifies the bottom end of the portfolio a bit more by adding smaller positions in a wider variety of companies.

If I were to pick one today, I would certainly buy SCHG. I like the makeup of the fund. That said, both great funds.

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Posted by Dan Kent
Answered on February 25, 2025 1:51 pm