SPYG tracks the S&P 500 Growth Index, selecting S&P 500 stocks that feature solid sales and earnings growth rates, strong price momentum, and high valuations. Historically, it's underperformed many peers over the long run because of its price momentum screen, but based on my analysis, that shouldn't factor much into the end-of-year rebalancing. That leaves investors with a portfolio of stocks with competitive historical and estimated sales and earnings growth rates, slightly below-average valuations, and strong sentiment on Wall Street.
For investors seeking momentum, SPDR S&P 500 Growth ETF SPYG is probably on the radar. The fund just hit a 52-week high and is up 39% from its 52-week low of $81.93 per share.