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Key Points
As of July 21, 2023, the Vanguard Information Technology ETF (NYSEMKT: VGT) has surged by 46% since April, significantly outpacing the S&P 500‘s 27% returns. The fund’s price rose from $470 per share in April to approximately $686 per share currently.
Despite historical highs, the market is facing concerns about possible downturns, particularly in the tech sector, which can experience greater volatility. For instance, the Vanguard ETF dropped nearly 27% in two months earlier this year, compared to a 19% decline in the S&P 500.
Investors are advised to consider long-term trends rather than short-term fluctuations, as past performance indicates that holding through downturns can lead to significant long-term gains.
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