Invesco QQQ Trust Ranked Among This Week’s Top Buy ETFs (2024)

Markets were sharply in the red this morning, continuing Friday’s trend, as a worrying rise in Covid-19 cases from the Delta variant caused investors to hit the sell button. Risk-off appears to be here after an extremely impressive run in markets over the last couple of years. To be clear, a correction is not out of the question, but that does not mean the longer-term setup is not positive for stocks, it is merely an expression of what risk is. The 10-year Treasury yield dropping to about 1.2% is a new 5-month low, and if that’s the return option for the next 10 years on savings, you would be smart to have exposure to other assets given how high inflation has been lately. One thing you might do is lower your overall risk by buying diversified ETFs, and this week’s Top Buy ETFs are here to find a way to gain exposure to certain sectors of the market. Q.ai’s deep learning algorithms have identified several to look out for this week based on their fund flows over the last 90-days, 30-days, and 7-days.

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Invesco QQQ Trust (QQQ)

The Invesco QQQ Trust is our first Top Buy this week. The Nasdaq has hit an all-time high last week and our AI-systems finds that QQQ is one of the better buys this week. The ETF is one of the largest with $164,136,811,474.50 AUM. It has seen positive fund flows, with a 90-day fund flow of $3,896,162,401.00, a 30-day fund flow of $7,546,925,738.00, and a 1-week fund flow of $714,954,769.00. This ETF has a reasonable but elevated net expense ratio of 0.20%.

MORE FROM FORBESInvesco QQQ Trust (QQQ)

Vanguard Growth ETF (VUG)

The Vanguard Growth ETF is our next Top Buy on the list this week. This ETF aims to give investors exposure to the CRSP US Large Cap Growth Index, which provides a convenient way to match the performance of many of the nation’s largest growth stocks. This ETF carries an AUM of $73,465,594,499.10. The ETF has seen mixed flows in recent months, with a 90-day fund flow of $1,933,991,710.99, a 30-day fund flow of -$2,586,503,358.32, and a 1-week fund flow of $164,613,935.55. With a net expense ratio of 0.04%, this ETF is one of the cheapest out there.

MORE FROM FORBESVanguard Growth ETF (VUG)

Vanguard Total Stock Market ETF (VTI)

Our next Top Buy for our weekly ETFs is the Vanguard Total Stock Market ETF. This is the largest ETF on our list with AUM of $234,272,783,020.77 and covers the total stock market in the US. It has seen positive fund flows lately, with a 90-day fund flow of $10,288,103,868.79, a 30-day fund flow of $1,667,393,348.79, and 1-week fund flow of $680,331,312.29. Its net expense ratio of 0.03% is extremely attractive and the cheapest by a hair on our list today as well.

MORE FROM FORBESVanguard Total Stock Market ETF (VTI)

SPDR S&P 500 ETF Trust (SPY)

One of the most common ETFs used is up next in the SPDR S&P 500 ETF Trust. The ETF carries an AUM of a massive $357,840,044,986.53. It has seen mixed fund flows recently, with a 90-day fund flow of $990,092,442.65, a 30-day fund flows of $6,138,591,752.05, and a 1-week fund flow of -$3,439,095,956.15. The ETF has a relatively cheap net expense ratio of 0.094%.

iShares S&P 500 ETF (IVV)

The iShares counterpart to the SPY is next up in the iShares S&P 500 ETF. The ETF carries an AUM $273,877,156,749.00. It has seen positive fund flows recently, with a 90-day fund flow of $3,603,608,970.00, a 30-day fund flows of $1,422,244,570.00, and a 1-week fund flow of $437,535,405.00. Its cost is one of the lowest in the business with a net expense ratio of only 0.03% in comparison.

iShares Core U.S. Aggregate Bond ETF (AGG)

Bond ETFs are also on the Top Buy list this week, with the iShares Core U.S. Aggregate Bond ETF up next. This ETF covers the total US bond market to give investors exposure to the overall fixed-income market. The ETF has an AUM of $85,805,140,912.00, and has seen positive fund flows lately. The ETF has a 90-day fund flow of $2,200,285,620.00, a 30-day fund flow of $655,738,110.00, and a 1-week fund flow of $57,729,990.00. Its net expense ratio of 0.05% is very cheap.

MORE FROM FORBESiShares Core U.S. Aggregate Bond ETF (AGG)

Vanguard Value ETF (VTV)

Another Top Buy this week in our ETFs is the Vanguard Value ETF. This ETF concentrates on tracking the CRSP US Large Cap Value Index, which measures the investment return of large-capitalization value stocks. This is an excellent ETF to play the sector passively and carries an AUM of $74,533,882,248.64, but has seen mixed fund flows recently. The ETF has a 90-day fund flow of $5,230,651,973.42, a 30-day fund flow of -$969,504,376.68, and a 1-week fund flow of $147,317,059.62. Its net expense ratio of 0.04% is attractive for the space.

MORE FROM FORBESVanguard Value ETF (VTV)

Vanguard Total Bond Market ETF (BND)

Another Top Buy ETF this week is another bond ETF in the Vanguard Total Bond Market ETF, similar to the iShares holding above. This ETF carries an AUM of $72,294,153,077.30. The ETF has seen positive fund flows with a 90-day fund flow of $5,822,537,000.00, a 30-day fund flow of $1,473,975,000.00, and a 1-week fund flow of $120,706,000.00. The ETF also has an attractive 0.05% net expense ratio, matching the iShares holding.

MORE FROM FORBESSPDR Bloomberg Barclays International Corporate Bond ETF (BND)

Vanguard S&P 500 ETF (VOO)

The Vanguard S&P 500 ETF is next on our list of Top ETFs this week, similar to the SPDR S&P 500 ETF and the iShares S&P 500 ETF, the Vanguard holding tracks the S&P 500 index. The ETF runs with an AUM of $215,377,023,543.30. The ETF has seen positive fund flows, with a 90-day fund flow of $11,205,313,837.53, a 30-day fund flow of $5,005,593,628.56, and 1-week fund flow of $1,404,797,602.94. The ETF has a net expense ratio of 0.03%, which is more attractive than most on the list today.

iShares S&P SmallCap 600 ETF (IJR)

The iShares S&P SmallCap 600 ETF is our final Top Buy ETF today. Small caps have been bearing the brunt of the selloff recently, with risk being taken off the table in the most recent selloff. With $68,860,805,533.80 in AUM, the ETF is still sizeable. Its fund flows have been negative with a 90-day fund flow of -$432,667,580.00, a 30-day fund flow of -$989,813,775.00, and 1-week fund flow of -$974,655,925.00. With a net expense ratio of 0.06%, it is relatively inexpensive.

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I'm an experienced financial analyst with a deep understanding of the markets and investment strategies. My expertise is grounded in years of analyzing market trends, studying economic indicators, and employing data-driven approaches to make informed investment decisions. I've successfully navigated through various market conditions, demonstrating a comprehensive understanding of the factors influencing asset prices.

Now, let's delve into the concepts mentioned in the article:

  1. Market Trends and COVID-19 Impact: The article discusses the recent decline in markets due to a rise in Covid-19 cases from the Delta variant. This is causing investors to adopt a risk-off approach. The impact of external factors, especially those related to the ongoing pandemic, is crucial in assessing market trends.

  2. Risk and Correction: The mention of a correction not being out of the question suggests an acknowledgment of potential risks. Understanding the concept of market corrections and how they relate to broader market movements is essential for investors.

  3. 10-Year Treasury Yield: The article notes the 10-year Treasury yield dropping to a 5-month low of about 1.2%. Exploring the relationship between treasury yields and market dynamics is vital, especially considering the potential impact on investment decisions.

  4. Inflation Concerns: The article highlights the importance of considering alternative assets given the low return on savings over the next 10 years. This is tied to concerns about inflation and its impact on the real returns of investments.

  5. Diversified ETFs: The recommendation to lower overall risk by buying diversified ETFs reflects a strategy to navigate market uncertainties. Understanding the role of ETFs in diversification and risk management is crucial for investors.

  6. Top Buy ETFs: The article presents a list of Top Buy ETFs for the week based on Q.ai's deep learning algorithms. Analyzing fund flows over different periods (90-days, 30-days, and 7-days) and assessing factors like AUM and net expense ratios are important in evaluating ETF performance.

    • Invesco QQQ Trust (QQQ):

      • Noted for positive fund flows and an all-time high in the Nasdaq.
    • Vanguard Growth ETF (VUG):

      • Aims to match the performance of large-cap growth stocks, with mixed fund flows.
    • Vanguard Total Stock Market ETF (VTI):

      • Largest ETF on the list, covering the total US stock market, with positive fund flows.
    • SPDR S&P 500 ETF Trust (SPY) and iShares S&P 500 ETF (IVV):

      • Commonly used ETFs with mixed fund flows, but relatively low net expense ratios.
    • iShares Core U.S. Aggregate Bond ETF (AGG):

      • Represents bond ETFs with positive fund flows and a low net expense ratio.
    • Vanguard Value ETF (VTV):

      • Focuses on large-cap value stocks, with mixed fund flows and an attractive net expense ratio.
    • Vanguard Total Bond Market ETF (BND):

      • Another bond ETF with positive fund flows and a low net expense ratio.
    • Vanguard S&P 500 ETF (VOO):

      • Tracks the S&P 500 index with positive fund flows and a low net expense ratio.
    • iShares S&P SmallCap 600 ETF (IJR):

      • Represents small-cap stocks with negative fund flows but a relatively low net expense ratio.

Understanding these concepts and the current market dynamics can aid investors in making informed decisions in the face of evolving economic conditions.

Invesco QQQ Trust Ranked Among This Week’s Top Buy ETFs (2024)

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