If you own Invesco QQQ Trust (NASDAQ:QQQ), the fund has quietly been the most expensive way to buy the same 100 stocks its issuer sells you elsewhere. The gap looks tiny on a factsheet; however, over time that difference compounds into the price of a car. What You’re Actually PayingQQQ was reclassified from a 1999-era unit investment trust into an open-end ETF effective December 22, 2025. Compound that (assuming QQQ’s 10.6% historical average annual return since 1999 inception) and $10,000 in QQQ grows to about $74,600 in 20 years. VGT differs in composition: it is a pure tech-sector fund, so you lose Alphabet, Meta, Amazon, and Costco, which QQQ classifies outside tech.