Alphabet (GOOGL) stock recently hit a new all-time high, fueled by investor confidence in its AI leadership, increased stakes from Berkshire Hathaway and Cathie Wood, and accelerating growth in Google Cloud. Also, the tech giant launched its latest Gemini 3 AI model with advanced capabilities. Thus, this might be the right time to consider GOOGL stock, especially through exchange-traded funds (ETFs) that offer diversified exposure without the risk of holding the stock directly.
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Investors seeking exposure to Alphabet stock may consider the Vanguard Communication Services ETF (VOX) and the Fidelity MSCI Communication Services Index ETF (FCOM). Let’s take a deeper look at these two ETFs.
Vanguard Communication Services ETF
The VOX ETF gives exposure to major U.S. companies in the communication services space. It tracks the performance of the MSCI US IMI Communication Services 25/50 Index, which includes large, mid, and small-cap firms involved in media, telecom, entertainment, and internet services.
Importantly, GOOGL accounts for 16.94% of the VOX ETF’s total holdings. Also, it offers exposure to companies such as Meta Platforms (META), Walt Disney (DIS), and Netflix (NFLX). Overall, the ETF has $5.95 billion in assets under management (AUM) and an expense ratio of 0.09%. Over the past three months, the VOX ETF has generated a return of 5.07%.
On TipRanks, VOX has a Strong Buy consensus rating based on 76 Buys, 45 Holds, and one Sell assigned in the last three months. At $224.15, the average VOX ETF price target implies 18.42% upside potential.
Fidelity MSCI Communication Services Index ETF
The FCOM ETF tracks the MSCI USA IMI Communication Services 25/50 Index, giving investors exposure to major U.S. communication services companies. Importantly, Alphabet accounts for 19.25% of the FCOM ETF’s total holdings.
Apart from GOOGL stock, some of the top stocks in the FCOM ETF are Meta, AT&T (T), and Warner Bros. Discovery (WBD). The ETF has $1.86 billion in AUM and an expense ratio of 0.08%. The FCOM ETF has gained 5% in the past three months.
Turning to Wall Street, the ETF has a Strong Buy consensus rating. Of the 103 stocks held, 67 have Buys and 36 have Holds. At $83.57, the average FCOM ETF price target implies a 16.76% upside potential.
Concluding Thoughts
ETFs provide indirect exposure to Alphabet, reducing risk compared to investing directly in the stock. Furthermore, ETFs are a liquid and transparent way to participate in the market. Investors seeking ETF recommendations might consider VOX and FCOM, as these ETFs offer exposure to GOOGL stock.