Value investing is a popular long-term investment strategy. Value stocks have historically outperformed growth stocks, or companies with high earnings expectations, in almost every market over the long-haul. For instance, the MSCI USA Value Index has outperformed the MSCI USA Growth Index by an annualized 81 basis points since 1974 through September 2015.

Related: ETFs That Value Investors Buffett, Munger Would Approve Of

In a post on the ETFtrends.com Strategist Channel earlier this year, Robert Leggett, CFA, of TOPS/ValMark Advisers noted, “If companies with higher EPS growth rates are undervalued as a class, they can actually represent a significant portion of Value, rather than Growth. At any rate, longer term “reversion to the mean” tendencies clearly favor lower value (which can improve) over faster price momentum (which can worsen).”

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iShares S&P 500 Value ETF