Top 10 Performing Growth ETFs

Exchange-Traded Funds (ETFs) have become popular among investors due to their low fees and broad diversification. One type of ETF that has gained a lot of attention is the growth ETF. Growth ETFs focus on companies that are expected to experience significant growth in revenue, earnings, and cash flow, which often translates to stock price appreciation.

In this article, we will discuss the top 10 performing growth ETFs based on their year-to-date (YTD) returns as of April 2023.

1. ARK Next Generation Internet ETF (ARKW): ARKW is managed by ARK Investment Management and focuses on companies that are expected to benefit from the shift towards cloud computing, e-commerce, and big data. The ETF has a YTD return of over 45%, making it the top-performing growth ETF so far in 2023.

2. Global X Video Games & Esports ETF (HERO): HERO is managed by Global X and focuses on companies that are involved in the video game and esports industry. The ETF has a YTD return of over 38%.

3. ARK Innovation ETF (ARKK): Another ARK-managed ETF, ARKK focuses on companies that are involved in innovative and disruptive technologies such as genomics, robotics, and energy storage. The ETF has a YTD return of over 35%.

4. Invesco DWA Technology Momentum ETF (PTF): PTF is managed by Invesco and focuses on technology companies that are showing strong momentum. The ETF has a YTD return of over 32%.

5. VanEck Vectors Video Gaming and eSports ETF (ESPO): ESPO is managed by VanEck and focuses on companies involved in the video game and esports industry. The ETF has a YTD return of over 31%.

6. iShares Expanded Tech-Software Sector ETF (IGV): IGV is managed by BlackRock and focuses on software and technology companies. The ETF has a YTD return of over 27%.

7. First Trust Nasdaq Semiconductor ETF (FTXL): FTXL is managed by First Trust and focuses on semiconductor companies. The ETF has a YTD return of over 26%.

8. Invesco QQQ ETF (QQQ): QQQ is managed by Invesco and tracks the Nasdaq 100 index, which is composed of the 100 largest non-financial companies listed on the Nasdaq stock exchange. The ETF has a YTD return of over 25%.

9. Vanguard Information Technology ETF (VGT): VGT is managed by Vanguard and focuses on technology companies. The ETF has a YTD return of over 25%.

10. iShares PHLX Semiconductor ETF (SOXX): SOXX is managed by BlackRock and focuses on semiconductor companies. The ETF has a YTD return of over 25%.

It is important to note that past performance does not guarantee future results, and investors should conduct their own research and consider their own investment objectives and risk tolerance before investing in any ETF. Additionally, while growth ETFs can provide investors with the potential for high returns, they also tend to be more volatile and may carry higher risk than more diversified ETFs.