This Unstoppable Vanguard ETF Has More Than Doubled the S&P 500 in the Last 10 Years. Could It Make You a Millionaire?

The right investment can transform your finances, turning small regular contributions into hundreds of thousands of dollars or more over time.

Exchange-traded funds (ETFs) are low-maintenance investments that perform best when given decades of uninterrupted time to grow. Some ETFs track the broader market, while others aim to deliver above-average returns over time.

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While all investors will have unique goals and preferences, this Vanguard ETF has a strong track record of beating the S&P 500 (SNPINDEX: ^GSPC) . Over time, it could supercharge your earnings.

The Vanguard Information Technology ETF (NYSEMKT: VGT) covers the broader technology sector, with 316 holdings. Perhaps the biggest advantage of this fund is that it offers both diversification across tech and exposure to high-growth stocks and subsectors.

Close to 40% of the fund is devoted to semiconductor stocks , which have experienced explosive growth in recent years as part of the push for artificial intelligence (AI) advancement. Its top holdings include superstar performers like Nvidia , Apple , Microsoft , and Micron Technology , and if AI-related stocks continue to surge, this ETF could thrive.

At the same time, because it includes more than 300 stocks across the tech space, this fund also offers greater diversification than many other tech ETFs . If one subsector stumbles, there are plenty of other stocks that can help prop up the fund and protect your investment.

Over the last 10 years, the Vanguard Information Technology ETF has earned total returns of more than 836%, as of this writing. The S&P 500, on the other hand, has delivered total returns of around 324% over that period.