What are the best-performing growth ETFs over the last 10 years?

The best-performing growth ETFs over the last 10 years include VanEck Semiconductor ETF (SMH) with an 813.1% return, iShares Semiconductor ETF (SOXX) at 620.3%, and Invesco Semiconductors ETF (PSI) at 530.9%. Other top performers include QQQ, VGT, and XLK. Read the full list in our blog: here .

Why have growth ETFs outperformed over the last decade?

Growth ETFs have outperformed due to strong returns in the technology sector, which has been the primary driver of stock market gains. AI, cloud computing, and semiconductor innovation have fueled investor demand for high-growth companies. Read more about the trends in our blog here .

How do growth ETFs compare to value ETFs over the last 10 years?

Growth ETFs have significantly outperformed value ETFs over the last decade, driven by technology stocks' rapid expansion. The Invesco QQQ Trust (QQQ) returned 435.8% compared to leading value ETFs that have returned significantly less. Explore the full performance comparison here .

Which sectors have contributed the most to growth ETF performance?

The technology sector has been the largest contributor to growth ETF performance, with companies in AI, cloud computing, and semiconductors driving gains. ETFs like SMH, SOXX, and VGT are heavily exposed to these industries. See sector performance charts in our blog here .

What is the best-performing large-cap growth ETF?

The Invesco QQQ Trust (QQQ) is one of the best-performing large-cap growth ETFs, returning 435.8% over the last 10 years. It tracks the NASDAQ-100 Index, which includes leading tech companies like Apple, Microsoft, and NVIDIA. Read more about QQQ and other top funds here .

How can advisors analyze growth ETFs using YCharts?

Advisors can use YCharts tools like the Mutual Fund Screener, Holdings Overlap Tool, and Fundamental Charts to compare growth ETFs. These tools help analyze fund performance, sector exposures, and risk factors. Learn more about YCharts' ETF research capabilities here .

Resources > Blog > Asset Allocation & Insights > The 10 Best Performing Growth ETFs in the Last 10 Years

The 10 Best Performing Growth ETFs in the Last 10 Years

October 31, 2024

Over the past twelve months, large-cap growth stocks have outperformed other equity styles, and small-cap growth names have delivered returns comparable to those of large-cap value stocks.

This trend has been fueled mainly by a significant rally in the technology sector, which constitutes 51% of the Russell 1000 Growth Index (represented by IWF) and 21.5% of the Russell 2000 Growth Index (represented by IWO).

YCharts line chart showing the trailing twelve-month total returns of four Russell indices from September 2023 to September 2024. Russell 1000 Growth leads with 42.19%, followed by both Russell 2000 Growth and Russell 1000 Value at 27.66%, and Russell 2000 Value at 25.88%.

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The year started with three major stocks propelling a significant portion of the market’s gains, including 49% of the S&P 500’s first-half returns. However, this dynamic shifted in the third quarter as the S&P 493 outperformed the “Magnificent Seven” stocks (see our full Q3 Economic Update for more on this storyline).

YCharts comparative performance line chart of the S&P 500, S&P 493, and the top 7 stocks from June to September 2024. The S&P 493 outperforms at 7.65% total return, S&P 500 at 5.89%, and the top 7 stocks at 1.52%.

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This market rotation can be partly attributed to a shift in monetary policy when the Federal Reserve implemented its first rate cut of the cycle—a 50 basis point cut in September. This adjustment was primarily in response to inflation rates falling closer to the Fed’s target and in accordance with the other half of their dual mandate—fostering maximum employment.

Our recent white paper, “Which Asset Classes Perform Best When Inflation Is Driven Lower?” highlights that equities tend to excel in stable price environments. On average, growth stocks have returned 23.8% during the six periods where inflation was effectively driven down and contained. Between March 1997 and February 1998, growth stocks produced a 43.7% return that outperformed all other asset classes.

YCharts table highlighting total returns for various asset classes during specific periods when CPI was controlled within a targeted range. Highlights include US Growth stocks peaking with a 43.7% return during March 1997 to February 1998.

Get your copy of “Which Asset Classes Perform Best As Inflation is Driven Lower” here:

Building on these insights, we have curated a list of the top-performing growth ETFs on a 1, 3, 5, 10, and year-to-date basis (excluding leveraged and inverse ETFs). Additionally, you’ll see examples of how efficiently you can examine each fund’s sector exposure using Quickflows in YCharts.

For a broader perspective, explore our additional blogs on the top-performing REITs, Value, Emerging Market, and overall equity ETFs to see how these growth strategies compare to the best in other categories.

Click to jump to a section:

Best-Performing Growth ETFs YTD
Best-Performing Growth ETFs over the Last Year
Growth ETFs with the Lowest Drawdown in the Last Year
Best-Performing Growth ETFs in the Last 3 Years
Growth ETFs with the Lowest Drawdown in the Last 3 Years
Best-Performing Growth ETFs in the Last 5 Years
Growth ETFs with the Lowest Drawdown in the Last 5 Years
Best-Performing Growth ETFs in the Last 10 Years
Growth ETFs with the Lowest Drawdown in the Last 10 Years
What Was the Growth of $10,000 Over the Last 10 Years?

Best Performing Growth ETFs YTD

These are the best-performing Growth ETFs year-to-date in 2024, as of September 30, 2024.

Symbol	Name	Year to Date Total Returns (As of September 30, 2024)	Total Returns Since Inception (As of September 30, 2024)	Assets Under Management ($M)
SPMO	Invesco S&P 500 Momentum ETF	38.83%	304.42%	$2,841.59
GARP	iShares MSCI USA Quality GARP ETF	30.29%	120.79%	$165.90
FDG	American Century Foc Dynmc Gr ETF	30.14%	141.11%	$251.71
MTUM	iShares MSCI USA Momentum Factor ETF	29.76%	358.31%	$10,507.05
SNPG	Xtrackers S&P 500 Growth ESG ETF	29.63%	82.74%	$13.36
FFOG	Franklin Focused Growth ETF	28.98%	44.99%	$129.48
AMOM	QRAFT AI-Enhanced US Large Cap Mmntm ETF	28.82%	128.39%	$41.59
HFGO	Hartford Large Cap Growth ETF	28.78%	10.17%	$135.82
QMOM	Alpha Architect US Quantitative Momt ETF	28.75%	170.43%	$266.19
IWFG	NYLI Winslow Focused Large Cap Gr ETF	28.70%	84.79%	$10.38

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YCharts chart displaying the best performing growth ETFs as of September 2024, led by Invesco S&P 500® Momentum ETF at 38.83%, followed by iShares MSCI USA Quality Growth ETF at 30.29%, and American Century Focused Dynamic Growth ETF at 30.14%.

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Interested in seeing the sector exposure of these funds? It only takes two taps on your tablet or two clicks on your desktop with Quickflows:

A gif showing the sector exposure quickflow in YCharts

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Best-Performing Growth ETFs over the Last Year

These are the best-performing Growth ETFs over the past year as of September 30, 2024.

Symbol	Name	1 Year Total Returns (As of September 30, 2024)	Annualized Total Returns Since Inception (As of September 30, 2024)	Total Returns Since Inception (As of September 30, 2024)	Assets Under Management ($M)
SPMO	Invesco S&P 500 Momentum ETF	59.14%	17.50%	304.42%	$2,865.80
ATFV	Alger 35 ETF	53.81%	4.10%	13.97%	$27.10
QMOM	Alpha Architect US Quantitative Momt ETF	50.18%	12.16%	170.43%	$282.79
GARP	iShares MSCI USA Quality GARP ETF	50.18%	19.64%	120.79%	$166.35
IWFG	NYLI Winslow Focused Large Cap Gr ETF	49.53%	31.38%	84.79%	$10.44
HFGO	Hartford Large Cap Growth ETF	49.15%	3.70%	10.17%	$138.77
FBCG	Fidelity Blue Chip Growth ETF	47.74%	19.65%	114.35%	$2,443.71
IWLG	NYLI Winslow Large Cap Growth ETF	47.16%	29.48%	78.82%	$76.62
FDG	American Century Foc Dynmc Gr ETF	46.95%	22.05%	141.11%	$253.68
NWLG	Nuveen Winslow Large-Cap Growth ESG ETF	46.14%	8.46%	27.60%	$9.51

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YCharts chart of the top-performing growth ETFs over the last year ending September 2024. Invesco S&P 500® Momentum ETF leads with a 59.14% return, followed by Alger 35 ETF at 53.81%, and Alpha Architect US Quantitative Momentum ETF at 50.18%

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Growth ETFs with the Lowest Drawdown in the Last Year

These Growth ETFs had the lowest drawdown over the past year as of September 30, 2024.

Symbol	Name	Max Drawdown (1Y)	Max Drawdown (Since Inception)	Assets Under Management ($M)
PTNQ	Pacer Trendpilot 100 ETF	7.6%	28.1%	$1,336.07
BAMG	Brookstone Growth Stock ETF	7.6%	7.6%	$91.52
TMFE	Motley Fool Capital Efficiency 100 ETF	8.4%	31.1%	$52.01
BCHP	Principal Focused Blue Chip ETF	8.6%	8.6%	$84.61
SXQG	ETC 6 Meridian Quality Growth ETF	9.2%	34.0%	$47.51
MBCC	Monarch Blue Chips Core ETF	9.4%	30.6%	$114.65
GLRY	Inspire Momentum ETF	9.4%	40.6%	$71.84
JMOM	JPMorgan US Momentum Factor ETF	9.5%	34.3%	$1,179.14
FTGS	First Trust Growth Strength ETF	9.5%	9.5%	$783.53
PLDR	Putnam Sustainable Leaders ETF	9.7%	29.6%	$626.82

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YCharts line chart showing the max drawdowns for Pacer Trendpilot® 100 ETF, Brookstone Growth Stock ETF, and Motley Fool Capital Efficiency 100 ETF from November 2023 to September 2024. Pacer Trendpilot® 100 ETF has the least severe maximum drawdown at -7.55%

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Best Performing Growth ETFs in the Last 3 Years

These are the best-performing Growth ETFs on an annualized basis between September 30, 2021 and September 30, 2024.

Symbol	Name	Annualized 3 Year Total Returns (As of September 30, 2024)	3 Year Total Returns (As of September 30, 2024)	Assets Under Management ($M)
SPMO	Invesco S&P 500 Momentum ETF	16.07%	56.38%	$2,865.80
GARP	iShares MSCI USA Quality GARP ETF	15.18%	52.82%	$166.35
SPUS	SP Funds S&P 500 Sharia Industry Ex ETF	13.79%	47.35%	$815.61
IWY	iShares Russell Top 200 Growth ETF	13.74%	47.13%	$12,296.59
FELG	Fidelity Enhanced Large Cap Growth ETF	13.05%	44.47%	$2,982.06
MMTM	SPDR S&P 1500 Momentum Tilt ETF	12.66%	43.00%	$123.86
SCHG	Schwab US Large-Cap Growth ETFTM	12.62%	42.84%	$34,105.71
TMFC	Motley Fool 100 ETF	12.44%	42.16%	$1,080.95
USXF	iShares ESG Advanced MSCI USA ETF	12.14%	41.04%	$1,221.87
VONG	Vanguard Russell 1000 Growth ETF	11.92%	40.21%	$22,503.44

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YCharts line chart detailing the best three-year performance of growth ETFs as of September 2024. Invesco S&P 500® Momentum ETF shows the highest increase with a 56.38% total return, followed by iShares MSCI USA Quality Growth ETF and SP Funds S&P 500 Sharia Industry Ex ETF

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Growth ETFs with the Lowest Drawdown in the Last 3 Years

These Growth ETFs had the lowest drawdown between September 30, 2021 and September 30, 2024.

Symbol	Name	Max Drawdown (3Y)	Max Drawdown (Since Inception)	Assets Under Management ($M)
PTNQ	Pacer Trendpilot 100 ETF	18.5%	28.1%	$1,336.07
SPMO	Invesco S&P 500 Momentum ETF	22.7%	30.9%	$2,865.80
MMTM	SPDR S&P 1500 Momentum Tilt ETF	23.7%	33.8%	$123.86
QQXT	First Trust NASDAQ-100 ex-Tech Sect ETF	24.7%	57.5%	$121.30
FDMO	Fidelity Momentum Factor ETF	25.4%	33.9%	$328.22
VFMO	Vanguard US Momentum Factor ETF	25.8%	36.8%	$664.53
DWUS	AdvisorShares DW FSM US Core ETF	26.5%	30.5%	$115.69
JOET	Virtus Terranova US Quality Momentum ETF	26.6%	26.6%	$123.68
SFY	SoFi Select 500 ETF	27.7%	33.2%	$937.32
SPUS	SP Funds S&P 500 Sharia Industry Ex ETF	28.1%	30.8%	$815.61

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YCharts line chart displaying max drawdowns within their category for Pacer Trendpilot® 100 ETF, Invesco S&P 500® Momentum ETF, and SPDR® S&P 1500 Momentum Tilt ETF from January 2022 to September 2024.

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Best Performing Growth ETFs in the Last 5 Years

These are the best-performing Growth ETFs on an annualized basis between September 30, 2019 and September 30, 2024.

Symbol	Name	Annualized 5 Year Total Returns (As of September 30, 2024)	5 Year Total Returns (As of September 30, 2024)	Assets Under Management ($M)
QQQ	Invesco QQQ Trust	21.71%	167.06%	$300,526.71
IWY	iShares Russell Top 200 Growth ETF	21.27%	162.24%	$12,296.59
SCHG	Schwab US Large-Cap Growth ETFTM	20.57%	154.81%	$34,105.71
TMFC	Motley Fool 100 ETF	20.56%	154.72%	$1,080.95
MGK	Vanguard Mega Cap Growth ETF	20.19%	150.85%	$22,921.62
FELG	Fidelity Enhanced Large Cap Growth ETF	20.18%	150.66%	$2,982.06
VONG	Vanguard Russell 1000 Growth ETF	19.62%	144.91%	$22,503.44
IWF	iShares Russell 1000 Growth ETF	19.52%	143.94%	$99,938.72
ONEQ	Fidelity Nasdaq Composite ETF	19.07%	139.38%	$7,046.81
NULG	Nuveen ESG Large-Cap Growth ETF	19.04%	139.04%	$1,538.14

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YCharts line chart of growth ETFs showing the best five-year performance up to September 2024, with Invesco QQQ Trust leading at 167.1% total return, followed by iShares Russell Top 200 Growth ETF and Schwab U.S. Large-Cap Growth ETF.

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Growth ETFs with the Lowest Drawdown in the Last 5 Years

These Growth ETFs had the lowest drawdown between September 30, 2019 and September 30, 2024.

Symbol	Name	Max Drawdown (5Y)	Max Drawdown (Since Inception)	Share Class Assets Under Management
PTNQ	Pacer Trendpilot 100 ETF	28.1%	28.1%	$1,336.07
QRFT	QRAFT AI-Enhanced US Large Cap ETF	30.2%	30.2%	$13.32
FELG	Fidelity Enhanced Large Cap Growth ETF	30.3%	50.9%	$2,982.06
QQXT	First Trust NASDAQ-100 ex-Tech Sect ETF	30.4%	57.5%	$121.30
SPMO	Invesco S&P 500 Momentum ETF	30.9%	30.9%	$2,865.80
QQQE	Direxion NASDAQ-100 Equal Wtd ETF	32.1%	32.1%	$1,289.61
QQEW	First Trust NASDAQ-100 Equal Wtd ETF	32.1%	58.2%	$1,951.39
IUSG	iShares Core S&P US Growth ETF	32.3%	63.4%	$20,075.19
PWB	Invesco Large Cap Growth ETF	32.4%	52.7%	$950.79
QGRO	American Century US Quality Growth ETF	32.6%	32.6%	$967.36

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YCharts line chart outlining the ETFs with the lowest maximum drawdowns from 2020 to 2024. QRAFT AI-Enhanced US Large Cap ETF has a max drawdown of 30.2%. Fidelity Enhanced Large Cap Growth ETF and Pacer Trendpilot® 100 ETF also show relatively low drawdowns of -30.30% and -28.06%, reflecting their lower risk profiles.

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Best Performing Growth ETFs in the Last 10 Years

These are the best-performing Growth ETFs on an annualized basis between September 30, 2014 and September 30, 2024.

Symbol	Name	Annualized 10 Year Total Returns (As of September 30, 2024)	10 Year Total Returns (As of September 30, 2024)	Assets Under Management ($M)
QQQ	Invesco QQQ Trust	18.28%	435.83%	$300,526.71
IWY	iShares Russell Top 200 Growth ETF	17.57%	404.55%	$12,296.59
SCHG	Schwab US Large-Cap Growth ETF	16.48%	359.84%	$34,105.71
VONG	Vanguard Russell 1000 Growth ETF	16.38%	355.85%	$22,503.44
MGK	Vanguard Mega Cap Growth ETF	16.35%	354.71%	$22,921.62
IWF	iShares Russell 1000 Growth ETF	16.32%	353.30%	$99,938.72
ONEQ	Fidelity Nasdaq Composite ETF	16.21%	349.11%	$7,046.81
FELG	Fidelity Enhanced Large Cap Growth ETF	15.63%	327.45%	$2,982.06
VUG	Vanguard Growth ETF	15.55%	324.18%	$140,282.11
ILCG	iShares Morningstar Growth ETF	15.29%	314.81%	$2,396.50

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YCharts line chart displaying the 10-year total return percentage growth of leading growth ETFs from September 2014 to September 2024. Invesco QQQ Trust leads with a 435.8% return, followed by iShares Russell Top 200 Growth ETF at 404.6%, and Schwab U.S. Large-Cap Growth ETF at 359.8%.

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Growth ETFs with the Lowest Drawdown in the Last 10 Years

These Growth ETFs had the lowest drawdown between September 30, 2014 and September 30, 2024.

Symbol	Name	Max Drawdown (10Y)	Max Drawdown (Since Inception)	Assets Under Management ($M)
FELG	Fidelity Enhanced Large Cap Growth ETF	30.3%	50.9%	$2,982.06
QQXT	First Trust NASDAQ-100 ex-Tech Sect ETF	30.4%	57.5%	$121.30
QQQE	Direxion NASDAQ-100 Equal Wtd ETF	32.1%	32.1%	$1,289.61
QQEW	First Trust NASDAQ-100 Equal Wtd ETF	32.1%	58.2%	$1,951.39
IUSG	iShares Core S&P US Growth ETF	32.3%	63.4%	$20,075.19
PWB	Invesco Large Cap Growth ETF	32.4%	52.7%	$950.79
SPYG	SPDR Portfolio S&P 500 Growth ETF	32.7%	68.2%	$30,717.31
IWY	iShares Russell Top 200 Growth ETF	32.7%	32.7%	$12,296.59
IVW	iShares S&P 500 Growth ETF	32.7%	57.3%	$54,409.32
IWF	iShares Russell 1000 Growth ETF	32.7%	64.2%	$99,938.72

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YCharts line chart depicting the ETFs with the least severe drawdowns in their category over a decade, from 2014 to 2024. Direxion NASDAQ-100® Equal Weighted ETF, First Trust NASDAQ-100 ex-Tech Sector ETF, and Fidelity Enhanced Large Cap Growth ETF exhibit maximum drawdowns significantly lower than typical for the sector, at -32.11%, -30.40%, and -30.30% respectively.

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What Was the Growth of $10,000 Over the Last 10 Years?

If you invested $10,000 10 years ago into any of the ten best-performing Growth ETFs over the last 10 years, your balance today would be no less than $40K. (See the best-performing equity ETFs, Value ETFs, and Emerging Market ETFs for comparison)

The best-performing Growth ETF over the past decade was the Invesco QQQ Trust (QQQ). A $10,000 investment into QQQ 10 years ago would be worth over $53K today. Right behind it was the iShares Russell Top 200 Growth ETF (IWY); investing $10,000 into IWY back in 2014 would’ve turned into over $50K.

YCharts line chart showing the monetary growth in value of investments in leading growth ETFs over ten years, calculated from a hypothetical $10,000 initial investment made in September 2014. Invesco QQQ Trust shows the highest growth, reaching approximately $53.58K by September 2024, followed closely by iShares Russell Top 200 Growth ETF and Schwab U.S. Large-Cap Growth ETF.

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Advisors and distribution teams can effectively explore and compare the performance of various Growth ETFs or any other ETF or mutual fund using YCharts tools like the Fund Screener, Comp Tables, and Quickflows, simplifying the process of identifying top performers or assessing sector exposures with ease. These functionalities underscore the utility of YCharts in facilitating informed investment decisions, particularly in a shifting economic landscape.

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