Let me start by saying I own both. This is not a question of which is better, but more about the difference.
QQQM is 100 companies (I think 102 positions for A and C shares). VUG has over 150 holdings. I've got all that. What I'm not understanding is, why is VUG more top heavy? I would have thought that with MORE holdings they would be less top heavy.
The top 3 holdings for both are NVDA, MSFT and AAPL but that makes up 35% of VUG and only 22% of QQQM. I just was looking this morning and noticed that my VUG position is dowm much more than QQQM this year and that's why I was looking at this a bit more closely.
Anyone know why VUG is more top heavy even with more companies in the index? I'm guessing there are some holdings in QQQM that are not in VUG that are impacting the weighting, but instead of researching I suspect someone here knows the answer.