QQQJ vs VO

QQQJBInvesco NASDAQ Next Gen 100 ETF

VOAVanguard Morningstar Mid-Cap ETF

In short

QQQJ Most mid-cap funds sort the market by size and stop there. QQQJ takes the Nasdaq's next tier instead: about 110 innovation-leaning U.S. mid caps from the Nasdaq Next Generation 100 Index, a growthier cut than the standard mid-cap blend.

VO The plain middle of the US market for three basis points. VO owns roughly 300 stocks sitting between the 70th and 85th percentile of investable market cap, each at index weight, with buffer bands that slow the churn at the edges.

Stated mandate

QQQJ The fund seeks exposure to innovative U.S. mid-cap companies through the Nasdaq Next Generation 100 Index.

VO The fund seeks to track the CRSP US Mid Cap Index by investing in its U.S. mid-cap stocks through passive, full replication.

Why people hold it

• QQQJ A different slice than the usual mid-cap fund: index-based exposure to innovative U.S. companies via the Nasdaq Next Generation 100 Index, roughly 110 names deep.invesco.com
• Costs 0.15% a year, right at the middle of its mid-cap peer group and a shade under IWR at 0.18%.
• It does what the label says. The fund stays tightly aligned with its stated index, and it is a billion-dollar-plus Invesco product that pays quarterly.

• VO Costs 0.03% a year against a 0.15% median for mid-cap peers, matching SCHM as the cheapest in the group and undercutting IWR by a wide margin.
• Full replication, not sampling: it holds the index's roughly 300 names at index weight, and its tracking is among the tightest in the mid-cap group.vanguard.com
• Trading since 2004 as a share class of Vanguard's Mid-Cap Index Fund, it has grown into one of the largest and most actively traded mid-cap index funds.sec.gov
• CRSP draws the mid-cap line by percentage of market cap, not a fixed stock count, with buffer zones at the edges so companies migrate gradually rather than jumping buckets.crsp.orgbogleheads.org

Worth knowing

• QQQJ About 110 Nasdaq-flavored holdings means a tighter, growthier basket than broad mid-cap funds that spread across several hundred stocks, with bigger swings to match.
• That 0.15% is five times what plain-vanilla mid-cap indexers charge (VO and SCHM sit at 0.03%). You are paying for the specific screen, not for size exposure.
• Launched in 2020, so its track record is short next to mid-cap staples with decades behind them, and it trades in moderate rather than heavy volume.

• VO Mid caps move harder than blue chips, and Vanguard flags that: the fund sits at the top of its own 1-to-5 risk scale.vanguard.com
• One band of the market by design. No mega caps, no small caps, so it covers the middle rather than the whole US market.crsp.org
• About 300 stocks is a narrower net than a total-market fund casts, and sector weights are simply whatever the middle of the market looks like at the time.

Full QQQJ profile⁠

Full VO profile⁠