2023 was a great year for stocks, with the S 500 (SNPINDEX: ^GSPC) jumping 24% and the Nasdaq Composite soaring 43%.

However, one exchange-traded fund, or ETF, outperformed them both. That was the Vanguard Growth ETF (NYSEMKT: VUG), which finished the year up 46%. Growth stocks were big winners last year, driven by low valuations at the start of 2023 after 2022's bear market and excitement about new artificial intelligence (AI) technologies following the launch of OpenAI's ChatGPT in late 2022.

The Vanguard Growth Fund is a popular ETF, but less well-known than those that track the S 500 and other major indexes. Let's take a closer look at the ETF, discuss what investors should know about it, and whether it's likely to beat the broad market again this year.

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Source Fool.com