History Says This 1 ETF Could Turn $1,000 into $28,289 in 20 Years. Here's the Math.
The Schwab U.S. Large-Cap Growth ETF has delivered wealth-multiplying returns for the past 16 years.
Overview
Strong earnings and excitement around the artificial intelligence (AI) boom have made U.S. growth stocks a great way to invest over the past 10 to 15 years. One low-cost exchange-traded fund (ETF) that makes it easy to invest in a targeted portfolio of America's largest, fastest-growing companies is the Schwab U.S. Large-Cap Growth ETF (NYSEMKT: SCHG).
This Schwab fund launched in December 2009 and has a strong track record of performance. SCHG delivered average annual returns (by net asset value) of 16.4% since the fund's inception. It has strongly outperformed the S&P 500 index (SNPINDEX: ^GSPC):
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.