Own VOO? Here's the Problem With Adding This Popular Growth ETF.

While the Vanguard S&P 500 ETF (VOO) and Invesco NASDAQ 100 ETF (QQQM) are both strong performers, combining them creates excessive tech sector concentration with 53% portfolio overlap. Seven mega-cap stocks account for roughly one-third of both funds. A 50/50 split between these ETFs allocates about half the portfolio to tech, which poses significant risk if market leadership shifts, though it may be justified for those betting on AI.