Want to Invest in Top Growth Stocks Like Amazon, Apple, and Microsoft but Avoid Nvidia? Consider This Low-Cost Vanguard ETF That’s Up 24.8% This Year.
Key PointsWith Jensen Huang resigning as CEO of Nvidia, some investors may be looking for other growth stocks to buy.
Investors seeking to profit from growth stocks without Nvidia's influence may consider the low-cost Vanguard Russell 1000 Value ETF (VONV), which is up 24.8% this year. This ETF, a modern take on value stocks, holds Amazon, Apple, and Microsoft as its top three holdings, totaling 17.4% of the portfolio. The ETF's strategy categorizes some established tech companies as value stocks, giving it a unique approach compared to growth-focused ETFs.
With a lower price-to-earnings ratio (21.6) and a 1.5% dividend yield, the Vanguard Russell 1000 Value ETF is more affordable and income-focused than its growth-focused peers. The ETF's fees are minimal at 0.06%, and its strong performance in key value sectors like energy, consumer staples, and healthcare, alongside lower exposure to semiconductors, has contributed to its outperformance relative to the S&P 500.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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