Investing has long been a game of risk-reward trade-offs. Lower-risk investments tend to provide more stability, but they typically provide lower returns as well. Investments with higher risk typically present a chance for higher returns, but not every investor can stomach the volatility that can come with them.

Luckily, there's an exchange-traded fund (ETF) that can be the best of both worlds: the Vanguard Growth ETF (NYSEMKT: VUG). The Vanguard Growth ETF focuses on large-cap growth stocks. "Large-cap" and "growth" may not seem like they go hand in hand, but plenty of larger companies fit the description of a growth stock.

The Vanguard Growth ETF can be a key piece in investors' portfolios in 2024 and beyond.

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Source Fool.com