Chipotle (CMG) and other midcap growth stocks have recently outpaced the broader market adding to their already impressive performance in 2010.

CMG

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Despite today’s 5% decline, Chipotle Mexican Grill is up nearly 160% in 2010, gaining 26 points since late October.  At the risk of understatement, that compares favorably to the broader market which is up 11% year to date.

The fast growing restaurant chain has a formula that is producing double digit same store sales growth with plenty of room to expand both domestically and internationally.

Exchange traded funds that specialize in midcap growth stocks have generally beat the market in 2010.  The S&P Midcap Growth (IJK) fund is up 27% year to date.  In addition to Chipotle, other top IJK holdings includeF5 NetworksNewfield ExplorationNetflix, and Joy Global.  The $3 billion ETF’s expense ratio is 0.25% and 12 month yield is 0.60%.

State Street’s midcap growth entry is the SPDR Dow Jones Mid Cap Growth ETF (EMG).  Up 24% year to date, the fund’s top holdings includes Chipotle as well as Tiffany & CoBorgwarnerCarmax andTeradata.  EMG’s expense ratio is 0.25% and dividend yield is 0.38%.

For other ETF investing options, see the list of Style ETFs.