2 Vanguard ETFs Outpacing the S&P 500 and Nasdaq-100 This Year but Facing Near-Term Tests
Both the Vanguard Energy ETF and the Vanguard FTSE Pacific ETF are beating the S&P 500 and the Nasdaq-100 this year, but the paths to near-term upside may be bumpy.
Overview
Give the Vanguard S&P 500 (NYSEMKT: VOO) and its fellow S&P 500 exchange-traded funds (ETFs) their due. Amid challenges including high inflation, the war in Iran, a recent interest rate hike, and less-than-inspiring economic data, the benchmark gauge of U.S. stocks is up 13.8% year to date.
The tech-heavy Nasdaq-100 index has been even better, gaining 23.2% and confirming that investors still have plenty of enthusiasm for artificial intelligence (AI) stocks. Over nine months and a couple of days, the performance of those indexes is likely to satisfy many market participants, particularly given the aforementioned headwinds.
These two high-flying Vanguard ETFs may face near-term risks. Image source: Getty Images
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Originally published at www.fool.com.