Exchange-traded funds (ETFs) are popular investment vehicles that offer a diversified portfolio of assets, making it easy for investors to gain exposure to different sectors of the market. Growth ETFs are a type of ETF that focus on companies with strong growth potential, making them an attractive option for investors who are looking for higher returns. In this article, we will look at the 7 best growth ETFs of April 2023.
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- Invesco QQQ Trust (QQQ)
The Invesco QQQ Trust is an ETF that tracks the Nasdaq-100 index, which includes 100 of the largest non-financial companies listed on the Nasdaq stock exchange. The QQQ ETF has a strong focus on technology stocks, which have performed well in recent years. The fund has a low expense ratio of 0.20% and has delivered an impressive 30.2% annualized return over the past five years.
- iShares Russell 1000 Growth ETF (IWF)
The iShares Russell 1000 Growth ETF is an ETF that tracks the Russell 1000 Growth Index, which is made up of large and mid-cap US stocks with high growth potential. The IWF ETF has a diverse range of holdings, including technology, healthcare, and consumer goods stocks. The fund has a low expense ratio of 0.19% and has delivered an annualized return of 24.1% over the past five years.
- Vanguard Growth ETF (VUG)
The Vanguard Growth ETF is an ETF that tracks the CRSP US Large Cap Growth Index, which includes large-cap US stocks with strong growth potential. The VUG ETF has a diverse range of holdings, including technology, healthcare, and consumer goods stocks. The fund has a low expense ratio of 0.04% and has delivered an annualized return of 23.9% over the past five years.
- iShares Morningstar Large-Cap Growth ETF (JKE)
The iShares Morningstar Large-Cap Growth ETF is an ETF that tracks the Morningstar Large Growth Index, which includes large-cap US stocks with strong growth potential. The JKE ETF has a diverse range of holdings, including technology, healthcare, and consumer goods stocks. The fund has a low expense ratio of 0.25% and has delivered an annualized return of 23.4% over the past five years.
- SPDR S&P 500 Growth ETF (SPYG)
The SPDR S&P 500 Growth ETF is an ETF that tracks the S&P 500 Growth Index, which includes large-cap US stocks with strong growth potential. The SPYG ETF has a diverse range of holdings, including technology, healthcare, and consumer goods stocks. The fund has a low expense ratio of 0.04% and has delivered an annualized return of 22.9% over the past five years.
- iShares Edge MSCI USA Momentum Factor ETF (MTUM)
The iShares Edge MSCI USA Momentum Factor ETF is an ETF that tracks the MSCI USA Momentum Index, which includes US stocks with strong momentum and growth potential. The MTUM ETF has a diverse range of holdings, including technology, healthcare, and consumer goods stocks. The fund has a low expense ratio of 0.15% and has delivered an annualized return of 22.4% over the past five years.
- Schwab U.S. Large-Cap Growth ETF (SCHG)
The Schwab U.S. Large-Cap Growth ETF is an ETF that tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, which includes large-cap US stocks with strong growth potential. The SCHG ETF has a diverse range of holdings, including technology, healthcare, and consumer goods stocks.
