This Vanguard ETF Is Up 27% This Year: Is It Still a Buy for Long-Term Investors?
Key PointsThis Vanguard fund has consistently outperformed the S&P 500 for more than a decade.
The Vanguard Information Technology Index Fund ETF (VGT) has delivered a remarkable 27% return this year, outperforming the S&P 500. This impressive performance can be attributed to the fund's heavy concentration in chipmakers, with Nvidia (NVDA) accounting for 17% of its assets and the top four holdings together making up 11%. While many investors may have missed out on the rally when stocks or ETFs gain momentum, VGT's strong year-to-date performance suggests there may be more to the story than initially apparent.
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