Best Growth ETFs | Bankrate

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Growth stocks are routinely some of the market’s hottest stocks, and it’s not unusual to have the market’s top performers double or even triple inside of a year. But finding those outperformers takes a lot of time and analysis. What if you could find winners with much less work? That’s where growth exchange-traded funds (ETFs) come in, allowing you to buy a collection of potential high-growth winners in one swoop.

Here are some of the top growth ETFs and what you need to look for when buying an ETF.

What to look for in a growth ETF

Before buying any ETF, it’s useful to have some key information about the fund so that you can compare the investment opportunity against others. Here are some key things to pay attention to:

Here are some of the top growth ETFs to consider for your portfolio. (Data as of October 2, 2025.)

iShares Russell Top 200 Growth ETF (IWY)

This fund tracks an index of large-cap U.S. growth stocks and has strong five- and 10-year track records. Although it has more than 100 holdings, the ETF tends to be quite concentrated in high-quality tech stocks, such as Apple, Amazon, Microsoft and Nvidia.

• 5-year returns (annualized): 18.3 percent
• Expense ratio: 0.20 percent
• Dividend yield: 0.4 percent

Schwab U.S. Large-Cap Growth ETF (SCHG)

This ETF shows that you can get great performance even while paying rock-bottom costs. SCHG tracks the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. This fund is concentrated in information technology stocks such as Apple and has sizable investments in communications, health care and consumer discretionary stocks, too.

• 5-year returns (annualized): 17.6 percent
• Expense ratio: 0.04 percent
• Dividend yield: 0.4 percent

Vanguard Mega Cap Growth ETF (MGK)

This fund from a low-cost leader aims to track the CRSP U.S. Mega Cap Growth Index, which includes the largest publicly traded U.S. stocks. The fund is heavily concentrated in information technology and consumer discretionary stocks, with Apple, Amazon and Microsoft sitting near the top of its holdings.

• 5-year returns (annualized): 17.2 percent
• Expense ratio: 0.07 percent
• Dividend yield: 0.4 percent

Vanguard Russell 1000 Growth ETF (VONG)

This ETF invests in stocks comprising the Russell 1000 Growth Index, which is composed of large U.S. growth companies, and seeks to track the return of that index. The fund is heavily concentrated in information technology, consumer discretionary and communications. The long-term returns have been excellent, whether over the last five or 10 years.

• 5-year returns (annualized): 17.3 percent
• Expense ratio: 0.07 percent
• Dividend yield: 0.5 percent

iShares Russell 1000 Growth ETF (IWF)

With hundreds of stocks in its stable, this iShares ETF is looking to track the results of an index composed of large- and mid-cap growth stocks. It’s delivered outstanding returns over time, and it includes some of the largest publicly traded companies, including Apple, Microsoft and Nvidia.

• 5-year returns (annualized): 17.2 percent
• Expense ratio: 0.18 percent
• Dividend yield: 0.4 percent

SPDR Portfolio S&P 500 Growth ETF (SPYG)

Another fund with rock-bottom costs, this ETF focuses on large-cap growth stocks in the S&P 500 Growth Index, which includes the strongest-growth stocks among the S&P 500. This ETF seeks to track the performance of the growth index, and its holdings include Apple, Meta Platforms, Microsoft, Nvidia and Alphabet.

• 5-year returns (annualized): 16.7 percent
• Expense ratio: 0.04 percent
• Dividend yield: 0.6 percent

Invesco S&P 500 GARP ETF (SPGP)

This fund is based on the S&P 500 Growth at a Reasonable Price Index, which includes about 75 stocks in the S&P 500 that score well on growth, quality and value. The fund has performed strongly over the last five years and has some diversification across health care, consumer discretionary, information technology, financials and industrials.

• 5-year returns (annualized): 15.1 percent
• Expense ratio: 0.36 percent
• Dividend yield: 1.4 percent

Bottom line

ETFs offer an easy way for investors to purchase growth stocks without having to do all the work and analysis that comes with buying individual stocks yourself. By taking advantage of these funds, you’ll minimize many of the headaches that come with investing and are still likely to enjoy strong returns over time with some of the market’s hottest performers. It’s hard to beat that combination. If you’re looking for more all-around ETFs, check out Bankrate’s list of best ETFs.

— Bankrate’s Logan Jacoby contributed to an update of this article.

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.