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Invesco S&P 500 Pure Growth ETF Among Today’s US Growth Smart Beta ETFs

A couple of weeks ago it looked like value was finally going to outperform growth, as yields were rising, commodities were hitting 52-week highs, and the world was playing on reopening stocks. What a difference a short time-period can make. Growth is back in the driver seat this week with the Nasdaq touching all-time highs this morning, yields have dropped to give a boost to growth stocks, and value has taken a back seat yet again. Of course, the S&P 500 also hit all-time highs last week so it is fair to wonder if there is some irrational exuberance in the markets. With concern on the horizon being abated by the bi-partisan infrastructure deal in the US, Q.ai’s deep learning algorithms have identified several of the top US Growth Smart Beta ETFs based on fund flows over the last 90-days, 30-days, and 7-days. We’ve rated one ETF as Best, six as Good, and two as Caution.  

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Best

Invesco S&P 500 Pure Growth ETF (RPG)

The only ETF that scored Best for the week according to our AI systems is the Invesco S&P 500 Pure Growth ETF. This ETF is based on the S&P 500 Pure Growth Index. Based on AUM, it is on the smaller side this week with $2,679,461,122.83 AUM. It has seen negative fund flows lately of -$187,780,035.70 over the last 90-days, and -$6,973,916.00 over the last 30-days. Its net expense ratio of 0.35% is relatively pricey.

Good

iShares Russell 2000 Growth ETF (IWO)

The iShares Russell 2000 Growth ETF is our first Good-rated ETF for this week. This ETF tracks the Russell 2000 companies with growth characteristics. The ETF has $12,160,928,189.60 AUM, and has seen mixed fund flows. It’s seen a 90-day fund flow of -$327,112,495.00, a 30-day fund flow of -$15,151,630.00, and 1-week fund flow of $348,180.00. The ETF also has a net expense ratio of 0.24% which is decent.

Invesco S&P SmallCap 600 Pure Growth ETF (RZG)

The Invesco S&P SmallCap 600 Pure Growth ETF is our next ETF rated Good this week. This ETF is based on the S&P SmallCap 600® Pure Growth Index. The fund is on the smaller side and has $138,152,085.08 AUM. The ETF has also seen primarily negative fund flows, with a 90-day fund flow of  -$9,508,976.20. Its net expense ratio of 0.35% is on the higher end.

Vanguard Russell 1000 Growth ETF (VONG)

The Vanguard Russell 1000 Growth ETF comes in as our third Good-scored ETF for the week. This ETF Invests in stocks in the Russell 1000 Growth Index, a broadly diversified index predominantly made up of growth stocks of large U.S. companies. With $5,896,037,840.88 AUM, it is smaller in size this week. It has seen positive fund flows, with a 90-day fund flow of $19,196,764,964.45, 30-day fund flow of $887,943,000.00, and 1-week fund flow of $856,168,000.00. It also has a fairly decent net expense ratio of 0.12%. 

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

The Schwab U.S. Large-Cap Growth ETF is our fourth Good-rated ETF this week. The fund’s goal is to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. The ETF is smaller-sized with $14,316,403,428.07 AUM. It has seen mixed fund flows, with a 90-day fund flow of $94,119,517.50, a 30-day fund flow of -$153,347,619.80, and a 1-week fund flow of $15,035,925.20. Its net expense ratio of 0.04% is tied for cheapest this week.

Vanguard Growth ETF (VUG)

The fifth Good-rated ETF is the Vanguard Growth ETF. This ETF seeks to track the performance of the CRSP US Large Cap Growth Index. It is on the larger side with $73,465,594,499.10 AUM. The ETF has seen mixed fund flows, with a 90-day fund flow of $1,459,551,336.99, a 30-day fund flow of $580,283,054.57, and a 1-week fund flow of -$2,511,824,966.53. The ETF’s net expense ratio of 0.04% is the cheapest this week tied with the Vanguard above. 

iShares Core S&P U.S. Growth ETF (IUSG)

The iShares Core S&P U.S. Growth ETF is our final Good-rated ETF this week. This ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. It is on the smaller side with $11,026,513,433.60 AUM. The ETF has seen positive fund flows, with a 90-day fund flow of $4,388,385.00, a 30-day fund flow of $76,645,330.00, and a 1-week fund flow of $68,546,610.00. With a net expense ratio of 0.04%, it is also tied for cheapest this week. 

Caution

Vanguard Small-Cap Growth ETF (VBK)

The Vanguard Small-Cap Growth ETF is our first Caution-ranked ETF this week. This ETF seeks to track the performance of the CRSP US Small Cap Growth Index, which measures the investment return of small-capitalization growth stocks. The ETF is on the small to medium side on this week’s list with $15,479,895,844.08 AUM. It has also seen mixed fund flows, with a 90-day fund flow of -$668,520,673.61, a 30-day fund flow of $47,410,747.38, and a 1-week fund flow of -$304,146,796.58. Its net expense ratio of 0.07% is very attractive.

iShares Russell 1000 Growth ETF (IWF)

The iShares Russell 1000 Growth ETF is our final Caution-ranked ETF this week. This ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics. The ETF is on the medium side, but larger than most of the ETF’s on this week’s list with $66,659,541,537.00 AUM. It has seen positive fund flows, with a 90-day fund flow of $5,187,579,225.00, a 30-day fund flow of $6,078,210,265.00, and a 1-week fund flow of $6,825,435,155.00. Its net expense ratio of 0.2% is attractive.

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