Markets don't hand out consistent winners. Equity leadership rotates between Growth and Value—sometimes gradually and sometimes without warning. For the past decade, the story was clear: U.S. large-cap Growth, led by technology, dominated. Figure 1 illustrates this trend.¹

But cycles turn. The opening weeks of 2026 showed Value stepping forward, reversing a pattern that defined much of the last cycle. However, by late April 2026, Growth had begun to rebound within the year-to-date period through April 24, 2026. The bottom line remains intact: It has been difficult to count Growth out for long.

Figure 1: Growth’s Long Run Appears Intact

WisdomTree’s Value & Quality Growth Strategies

What if you didn't have to pick a side? A well-constructed core allocation lets investors participate in both Growth and Value regimes, without constantly repositioning. Our 50/50 blend does exactly that, pairing two complementary WisdomTree strategies: one built around U.S. large-cap quality growth, the other around broad-based U.S. Value.

• WisdomTree U.S. Quality Growth Fund (QGRW): The strategy seeks to track the total return performance of, before fees and expenses, the WisdomTree U.S. Quality Growth Index. This market capitalization-weighted strategy focuses on 100 companies with particularly strong earnings growth and quality fundamental metrics. This strategy overlaps with the Nasdaq 100, but we believe our more disciplined approach focuses on selecting consistent quality growers rather than on the exchange where a stock primarily trades.
• WisdomTree U.S. Value Fund (WTV): The strategy seeks income and capital appreciation by investing primarily in U.S. equity securities that provide a high total shareholder yield with favorable relative quality characteristics. The Fund’s objective changed effective December 18, 2017. Prior to December 18, 2017, Fund performance reflects the investment objective of the Fund when it tracked the performance, before fees and expenses, of the WisdomTree U.S. LargeCap Value Index.

The combination of these two strategies creates a strong balance of sector exposures and attractive fundamental metrics, along with a solid—though limited—performance history.

Figure 2: Envisioning the 50/50 Blend

Tested by Rotation—and It Has Held Up So Far

The opening weeks of 2026 were a real test. Leadership in U.S. equities rotated sharply toward Value, a notable reversal after years of Growth dominance. And yet the 50/50 blend held its ground. As of late April 2026, the U.S. Growth style appears to have rebounded strongly. As Figure 3a shows, the WisdomTree 50/50 blend maintained an edge over the S&P 500 year-to-date, even amid continued shifts in market leadership.

Figure 3a: Maintaining an Edge as Leadership Rotates

Figure 3b: Standardized Performance as of March 31, 2026

Strong Returns Without Paying Up for Them

Here’s what makes Figure 4 worth a closer look: the 50/50 blend has delivered competitive returns while trading at a meaningful discount to the S&P 500 across notable valuation metrics, including estimated P/E, price-to-cash flow, price-to-book, and price-to-sales. That is not a small distinction. It suggests performance hasn't been driven by multiple expansion alone, but by a genuine balance of earnings growth and valuation discipline. In an environment where leadership is shifting and valuations are under scrutiny, that combination matters.

Figure 4: Better Value, Competitive Returns: The Blend's Valuation Advantage

Conclusion: Ready for Whatever Comes Next

Markets in 2026 are forcing hard questions about concentration, valuation, and what "core" really means. The 50/50 allocation to QGRW and WTV is our answer: structural balance that doesn't require predicting which style wins next. We will continue monitoring the market as the year unfolds, particularly after the sharp rotation toward Value followed by a strong rebound in Growth. Either way, the blend includes a component positioned to respond. That's what a true core holding should do.

¹ “Growth” refers to the S&P 500 Growth Index, “Value” refers to the S&P 500 Value Index.