Furthermore, U.S. mega-caps are still trading at a historically high discount compared to other areas. For instance, the S&P 500 is trading at 12-times trailing earnings compared to 14-times in the Russell 3000, or a discount of around 15%, which is above the long-term average of 9%. On a global scale, mega-caps are trading at 11x earnings compared to the 13x in the MSCI World Index.

  • Vanguard Mega Cap 300 ETF (NYSEArca: MGC): up 3.0% year-to-date

Vanguard Mega Cap 300 ETF

For more information on sector plays, visit our sector ETFs category.

Max Chen contributed to this article.

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