Subject: Re: beating the market
QQQ, being weighted by market cap, has a structural advantage over QQQE by design. Microsoft is essentially a monopoly, with an unfair advantage over all other software companies because Windows and Office are ubiquitous. Similarly, Google has an unfair advantage over all other advertising companies because they are #1 in Search. These companies know how to print money, and they use their optionality and leverage to add new multi-billion dollar revenue streams in cloud services and AI (which is just getting started).

As an investor, I most definitely want to be overweight these companies. So I'll take QQQ any day over QQQE.

Or you could just go ahead and buy the top 10. The top 10 holdings of QQQ are 59% of the total assets. Might as well be hung for sheep as for lamb.

Oddly, the top 10 of SPY are almost the same as the top 10 of QQQ.

And they both hold both GOOG and GOOGL. Weird, why do they hold both issues instead of just one?

GSPY also has almost the same top 10, just with different weightings.