Mid-cap growth stocks allow you to bet on growth within the mid cap segment. Below we'll review the 4 best mid cap growth ETFs for 2024.
Disclosure: Some of the links on this page are referral links. At no additional cost to you, if you choose to make a purchase or sign up for a service after clicking through those links, I may receive a small commission. This allows me to continue producing high-quality, ad-free content on this site and pays for the occasional cup of coffee. I have first-hand experience with every product or service I recommend, and I recommend them because I genuinely believe they are useful, not because of the commission I get if you decide to purchase through my links. Read more here.
In a hurry? Here's the list:
- VOT – Vanguard Mid-Cap Growth ETF
- MDYG – SPDR S&P 400 Mid Cap Growth ETF
- IVOG – Vanguard S&P Mid-Cap 400 Growth ETF
- IJK – iShares S&P MidCap 400 Growth ETF
Introduction – Why Mid Cap Growth?
Those wanting to bet on Growth may desire to do so within mid caps, which are sometimes said to be “forgotten,” as investors and fund managers tend to focus on large caps and small caps more, suggesting that there may be more price discovery (and subsequent alpha) available in mid caps.
Let's explore the best mid cap growth ETFs.
The 4 Best Mid Cap Growth ETFs
Below are the 4 best mid cap growth ETFs.
VOT – Vanguard Mid-Cap Growth ETF
The Vanguard Mid-Cap Growth ETF (VOT) is one of the most popular mid cap growth ETFs, with over $20 billion in assets. The fund seeks to track the CRSP US Mid Cap Growth Index and has an expense ratio of 0.07%, making it the cheapest on the list.
MDYG – SPDR S&P 400 Mid Cap Growth ETF
MDYG is the first of 3 ETFs that seeks to track the S&P MidCap 400 Growth Index. This index has an earnings screen that provides some convenient exposure to the Profitability factor.
Compared to VOT, funds that track this index also skew smaller, meaning comparatively higher loading on the Size factor as well, which should probably be preferable.
Licensing the S&P name adds costs though, so these ETFs are a little more expensive than VOT above. MDYG has a fee of 0.15% and assets of about $1.5 billion.
IVOG – Vanguard S&P Mid-Cap 400 Growth ETF
IVOG is another fund from Vanguard that specifically tracks the aforementioned index. Again, using the S&P name means this fund is more expensive than VOT. IVOG has the same fee as MDYG at 0.15%. This fund has roughly $1 billion in assets.
IJK – iShares S&P MidCap 400 Growth ETF
IJK is the last fund to track that same S&P MidCap 400 Growth Index. It is comparable to IVOG and MDYG above but is slightly costlier with a fee 0.17%. This fund has over $8 billion in assets. Day traders will appreciate this greater liquidity for IJK.
Where to Buy These Mid Cap Growth ETFs
All these mid cap growth ETFs should be available at any major broker. My choice is M1 Finance. M1 has zero trade commissions and zero account fees, and offers fractional shares, dynamic rebalancing, and a sleek, user-friendly interface and mobile app. I wrote a comprehensive review of M1 Finance here.
Disclaimer: While I love diving into investing-related data and playing around with backtests, this is not financial advice, investing advice, or tax advice. The information on this website is for informational, educational, and entertainment purposes only. Investment products discussed (ETFs, mutual funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. I always attempt to ensure the accuracy of information presented but that accuracy cannot be guaranteed. Do your own due diligence. I mention M1 Finance a lot around here. M1 does not provide investment advice, and this is not an offer or solicitation of an offer, or advice to buy or sell any security, and you are encouraged to consult your personal investment, legal, and tax advisors. All examples above are hypothetical, do not reflect any specific investments, are for informational purposes only, and should not be considered an offer to buy or sell any products. All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future results. Opinions are my own and do not represent those of other parties mentioned. Read my lengthier disclaimer here.
Are you nearing or in retirement? Use my link here to get a free holistic financial plan from fiduciary advisors at Retirable to manage your savings, spend smarter, and navigate key decisions.
Don't want to do all this investing stuff yourself or feel overwhelmed? Check out my flat-fee-only fiduciary friends over at Advisor.com.