VONG - $5000 in This Vanguard ETF Incurs a Mere $4 Annual Fee and It Has Beaten the S&P 500 and Nasdaq Composite in 2024
2024-06-16 09:30:00 ET
Exchange-traded funds (ETFs) can be excellent passive income vehicles, especially when they are low-cost. Consider the Vanguard Russell 1000 Growth ETF (NASDAQ: VONG) . Its expense ratio is a mere 0.08%, meaning that $5,000 invested in the fund would result in just $4 in fees per year.
The ETF hit an all-time high on Wednesday in lockstep with a broader market rally. It has been one of Vanguard's best-performing funds so far this year, up a blistering 19.3% compared to a 17.7% return for the Nasdaq Composite and 14% for the S&P 500 .
Here's a primer on the exchange-traded fund and why it could be worth buying now.
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$5,000 in This Vanguard ETF Incurs a Mere $4 Annual Fee, and It Has Beaten the S&P 500 and Nasdaq Composite in 2024