As global uncertainty dissipates and the equities markets push toward new highs, growth stocks and related exchange traded funds are beginning to outpace the value category.

Over the past week, the iShares S&P 500 Growth ETF (NYSEArca: IVW), Vanguard S&P 500 Growth ETF (NYSEArca: VOOG) and SPDR S&P 500 Growth ETF (NYSEArca: SPYG) returned about 1.4%. The growth S&P 500 ETFs also increased 4.9% over the past month.

In contrast, the iShares S&P 500 Value ETF (NYSEArca: IVE), Vanguard S&P 500 Value ETF (NYSEArca: VOOV) and SPDR S&P 500 Value ETF (NYSEArca: SPYV) gained 0.6% over the past week and rose 4.0% over the past month.

Value stocks typically trade at cheaper prices relative to fundamental measures of value, such as earnings and the book value of assets. In contrast, growth stocks tend to run at higher valuations since investors expect the rapid growth in those company measures.

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Specifically, the S&P 500 Growth ETFs’ top sectors include tech 27.9%, healthcare 17.5% and consumer cyclicals 15.9%. In comparison, the S&P 500 Value ETFs are heavy on financials 21.9%, energy 12.9% and healthcare 12.7%.

Meanwhile, the blended iShares Core S&P 500 ETF (NYSEArca: IVV), Vanguard 500 Index (NYSEArca: VOO) and SPDR S&P 500 ETF (NYSEArca: SPY) were up 1.0% over the past week and 4.4% higher for the past month.

The S&P 500 ETFs’ top sector allocations include tech 18.0%, healthcare 15.2% and financial services 13.9%.

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