I feel S&P index growth is driven by technology stocks, Is it better to invest in technology based etfs like VGT or FTEC instead of S&p etfs? Any risks in doing this? Please advise

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Risk = volatility. The tech stocks are more volatile (high standard deviation). By definition, it’s more risky.

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To expand on the point above, you have to look at weighting too. Tech has a few bohemoth stocks like FANG and a whole bunch of uncertainty in the rest of the pack. There are so many markets these companies play in that it's hard to size and evaluate fundamentals without spending a ton of time on them. All these companies are also heavily exposed to China for labor and/or raw materials. Unless you are going to spend time learning, you are only concentrating your risk. Broad based s&p etfs will beat just one sector in the long run. Time tested

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Thanks for your response, Just to clarify these stocks are part of S&p 500. These Etfs have just the S&p 500 information technology stocks. They have performed better than S&P 500 index in history. I agree these are highly volatile. But these are also part of other indexes. If these stocks go down, all the indexes are going down for sure.

Enron was a part of s&p500....

My point is you can lose everything if your basket is small and made up of volatile stuff

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