In this piece, we will take a look at the five best performing growth ETFs in 2023. If you want to take a detailed look at the latest trends in the stock market, then check out 10 Best Performing Growth ETFs in 2023.
5. Schwab U.S. Large-Cap Growth ETF (NYSE:SCHG)
Year to date Daily Total Returns: 36.09%
Schwab U.S. Large-Cap Growth ETF (NYSE:SCHG) invests in large cap growth companies but is a mid sized fund with $19.8 billion in net assets. The fund was set up in 2009 and it is part of the Schwab ETFs fund family. Its price to earnings ratio is on track with a growth ETF through a reading of 35.14. The Schwab U.S. Large-Cap Growth ETF (NYSE:SCHG)’s top three investments are in Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).
4. ARK Innovation ETF (NYSE:ARKK)
Year to date Daily Total Returns: 37.84%
The 37.84% year to date daily total returns of the ARK Innovation ETF (NYSE:ARKK) are a redemption for Cathie Wood and her investment firm. Ms. Wood had faced a bloodbath on the stock market earlier this year, as her big bets on high growth technology companies didn’t do well in a high rate, high inflation. But as is with some things, what goes down must go up and this is true for ARK Innovation ETF (NYSE:ARKK). The fund invests in firms that Ms. Wood believes have an innovation premium, and its top three investments are Tesla, Inc. (NASDAQ:TSLA), Roku, Inc. (NASDAQ:ROKU), and Zoom Video Communications, Inc. (NASDAQ:ZM).
3. Vanguard Mega Cap Growth Index Fund (NYSE:MGK)
Year to date Daily Total Returns: 37.92%
Vanguard Mega Cap Growth Index Fund (NYSE:MGK) is part of the Vanguard fund family and it has $14.9 billion in net assets. The fund was set up in 2008 and it tracks the CRSP US Mega Cap Growth Index. It has invested in 96 stocks and the average price to earnings ratio is 37.1 while the price to book ratio is also a rather high 9.7.
2. Invesco QQQ Trust (NASDAQ:QQQ)
Year to date Daily Total Returns: 39.66%
Invesco QQQ Trust (NASDAQ:QQQ) is the largest ETF on our list due to its sizeable net assets of $205 billion. The fund was set up in 1999, and it is part of the Invesco fund family. The fund tracks the prime U.S. stock index, the NASDAQ-100, which is made of the biggest and most valuable technology companies in the world. This makes it unsurprising that the Invesco QQQ Trust (NASDAQ:QQQ) is the second best performing growth ETF in 2023.
1. Invesco NASDAQ 100 ETF (NASDAQ:QQQM)
Year to date Daily Total Returns: 39.71%
Beating the QQQ Trust ETF with a hairline is the Invesco NASDAQ 100 ETF (NASDAQ:QQQM), a markedly small ETF with $14.47 billion in net assets. The fund was set up in 2000 and it is another Invesco fund family fund that tracks the NASDAQ 100 index. The fund’s top three investments are Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN).
Disclosure: None. You can also take a look at 12 Best Mid-Cap Value ETFs and 12 Best Technology ETFs To Buy.
