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What's behind the revival -- and where funds are finding the best value. By Ian Salisbury. Value is like a Rorschach test -- an inkblot that says more about you than what you're looking it. The same may be said of value stocks, especially with artificial intelligence distorting the picture.Whatever your lens, value is on a roll. The Russell 1000 Value index is up 14% this year, compared with 5% for the Russell 1000 Growth index. A surge in energy stocks has fueled the value index. It has also become more of a tech proxy, with growth sectors playing a bigger role.Russell divides half the market into value and half into growth. For its Russell 1000 Value index, Russell creates a universe of stocks with lower price/book ratios, lower earnings growth, and lower historical sales growth compared with the broader market. 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