- The U.S. Mid Cap Growth asset class has produced 10.39% CAGR over the last 46 years.
- The oldest U.S. Mid Cap Growth ETF has outperformed an S&P 500 index fund by 2.25% CAGR over the last 18 years.
- There are currently 28 ETFs in the Morningstar Category called Mid Cap Growth. 11 of these funds are 10 years old or older.
U.S. Mid Cap Growth vs U.S. Large Cap Blend: January 1972 through August 2018
Source: https://www.portfoliovisualizer.com/
iShares S&P Mid-Cap 400 Growth ETF (IJK) vs S&P 500 index fund: August 2000 – August 2018
Source: https://www.portfoliovisualizer.com/
The Deep Value ETF Accumulator rankings for the U.S. Mid Cap Growth asset class:
Source: https://www.morningstar.com/
The top 4 U.S. Mid Cap Growth ETFs:
RFG vs MDYG vs PXMG vs JKH: April 2006 through August 2018
Source: https://www.portfoliovisualizer.com/
The top 4 U.S. Mid Cap Growth ETFs compared to an S&P 500 ETF:
RFG vs MDYG vs PXMG vs JKH vs SPY: March 2, 2006 through September 22, 2018
Source: https://www.koyfin.com/home
Pertinents and such on the top 4 U.S. Mid Cap Growth ETFs:
RFG – The Invesco S&P MidCap 400® Pure Growth ETF (Fund) is based on the S&P MidCap 400® Pure Growth Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong growth characteristics in the S&P MidCap 400® Index. Growth is measured by the following risk factors: sales growth, earnings change to price and momentum. The Fund and the Index are rebalanced annually. Best long-term performance ETF in the U.S. Mid Cap Growth asset class.
MDYG – The SPDR® S&P® 400 Mid Cap Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Mid Cap 400 Growth IndexSM (the “Index”). The selection universe for the S&P MidCap 400 Index includes all U.S. common equities with market capitalizations generally between $1.4 billion and $5.9 billion at the time of inclusion. The Index includes stocks exhibiting the strongest growth characteristics based on: book value to price ratio; earnings to price ratio; and sales to price ratio. Best Dividend in the U.S. Mid Cap Growth ETF category.
PXMG – The Invesco Russell MidCap Pure Growth ETF (Fund) is based on the Russell Midcap® Pure Growth Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities with strong growth characteristics selected from the Russell Midcap® Index. Securities are weighted based on their style score. The Fund and the Index are rebalanced and reconstituted annually. Best 5-year performance in the U.S. Mid Cap Growth category.
JKH – The iShares Morningstar Mid-Cap Growth ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. Exposure to mid-sized U.S. companies whose earnings are expected to grow at an above-average rate relative to the market. Targeted access to a specific category of mid-cap domestic stocks. Use to tilt your portfolio towards growth stocks.
Thank you for taking time to read this article. If you found it useful, please share it with a friend.
Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Disclosure: We own shares of RFG and intend to buy more shares in the future. I am not a professional investment advisor. Please perform your own due diligence or seek assistance from a Registered Investment Advisor prior to investing in any fund mentioned in this article.