Does Sector Rotation Mean Value Stocks Will Outperform?

Despite a long run of underperformance, the time may be at hand for value stocks to overtake growth stocks and reclaim market leadership. Over the last three years alone, the iShares Russell 1000 Growth ETF (NYSEMKT: IWF) has soared at a 21% annualized clip, while the iShares Russell 1000 Value ETF (NYSEMKT: IWD) has risen only 2.5% each year. Tech titans like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) have been driving markets higher, with the Tech sector up 35% in 2020.