RPG vs VUG: Grades, Fees and Holdings Compared

Invesco S&P 500 Pure Growth ETF

RPGCNYSE Arca

Vanguard Morningstar Growth ETF

VUGANYSE Arca

Overlap

24.6%by weight

Expense ratio

VUG −0.32pt a year

RPG0.35%VUG0.03%

Avg volume · 30D

VUG 13.3×the volume

RPG477KVUG6.32M

10Y return · a year

VUG +4.5pt

RPG+13.1%VUG+17.6%

RPG vs VUG Performance

Oct 29, 2021 – Oct 30, 2026

+28.9%RPG+67.0%VUG

Expense ratio: RPG 0.35%; VUG 0.03%, better
Fund size: RPG $1.74B; VUG $392B
1Y total return: RPG +11.6%, better; VUG +2.7%
Yield (12M): RPG 0.16%; VUG 0.41%, better
Holdings: RPG 71; VUG 136
Avg volume (30D): RPG 477K sh; VUG 6.32M sh, better
NAV per share: RPG $53.04; VUG $85.06
52W range

ETF.net Grade

Pillar letters and Scores for RPG, VUG, with each pillar’s weight
Pillar	RPG	VUG
Cost30% weight	D31	A96Higher
Mission25% weight	A83	A99Higher
Risk15% weight	D27	C49Higher
Tradability15% weight	A76Higher	B65
Holdings10% weight	B67Higher	D29
Durability5% weight	B56	A91Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. RPG and VUG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

VUG ranks 5th and RPG 23rd of 35 funds in the US Growth Index Category.

Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 5AVUGVanguard Morningstar Growth ETFScore 77
Rank 6AVBKVanguard Morningstar Small-Cap Growth ETFScore 72
Rank 22BCOWGPacer US Large Cap Cash Cows Growth Leaders ETFScore 55
Rank 23CRPGInvesco S&P 500 Pure Growth ETFScore 54
Rank 24CEGUSiShares ESG Aware MSCI USA Growth ETFScore 53

Our read on each fund

ETF.net Research

RPGCInvesco S&P 500 Pure Growth ETF

VUGAVanguard Morningstar Growth ETF

In short

RPG Growth, undiluted. RPG tracks the S&P 500 Pure Growth Index: roughly 70 names carved out of the 500, so the style comes through straight instead of spread thin across hundreds of stocks.

VUG Three basis points buys roughly 170 US large-cap growth names. Running since 2004, over $100 billion in assets, and it tracks its index about as closely as an index fund can.

Stated mandate

RPG The Fund seeks to track, before fees and expenses, the investment results of the S&P 500 Pure Growth Index. It generally invests at least 90% of total assets in securities comprising that index.

VUG The fund seeks to track a benchmark index measuring the investment return of large-capitalization growth stocks.

Why people hold it

RPG Concentration with a point: about 70 holdings drawn from the S&P 500, so the growth tilt shows up in the portfolio instead of washing out.
The contract is plain: at least 90% of total assets in the index's members. No manager discretion, no drifting into whatever is hot this quarter.
Live since 2006, a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part. Pays quarterly.

VUG 0.03% a year against a 0.18% median for its growth peer group. A rival tracking the same declared index charges 0.36%, twelve times more for the same shopping list.vanguard.com
One of the largest and most heavily traded funds in US large-cap growth, and among the tightest index implementations in that group. Deep volume tends to mean thin spreads.
Trading since January 2004, so the record spans full market cycles rather than a backtest. Distributions land quarterly.

Worth knowing

RPG 0.35% a year sits well above the growth-ETF norm. Broad index rivals like VUG (0.03%) and SCHG (0.04%) charge a sliver of that for the wider growth sleeve.
A 70-stock style sleeve moves in bigger steps than the full index, and it has been among the more volatile funds in its growth peer group.
In a crowded growth category, fee and volatility leave it behind the cheap index giants that anchor the group's top tier.

VUG Cap-weighted, so the biggest mega-caps dominate the top of the book. That makes it one of the more concentrated portfolios in this cohort.vanguard.com
A style sleeve, not the whole market: growth screens only, large caps only. When growth is out of favor it can swing harder than a total-market fund.
SPYG and SCHG sit at 0.04%, so the price edge is a rounding error. The real gap is how each index defines a growth stock.

Full RPG profile⁠

Full VUG profile⁠

RPG vs VUG Holdings

How RPG and VUG differ

Overlap by weight

24.6%

Shared holdings make up 70.7% of RPG and 60.2% of VUG.

Level by level

Holdings48 in both24.6%
Sector11 Sectors78.8%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in RPG and VUG, widest gap first
Sector	More in RPGMore in VUG	RPG	VUG
Technology	VUG +12.6 points	47.6%	60.2%
Industrials	RPG +11.2 points	15.6%	4.4%
Communication	VUG +8.0 points	6.7%	14.7%
Consumer Discretionary	RPG +3.9 points	13.7%	9.8%
Health Care	RPG +2.4 points	6.6%	4.2%
Financials	RPG +1.5 points	5.4%	3.9%
Materials	RPG +1.0 points	1.4%	0.4%
Utilities	RPG +0.9 points	0.9%	0.0%
Energy	VUG +0.3 points	0.0%	0.3%
Consumer Staples	VUG +0.3 points	1.0%	1.3%
Real Estate	RPG +0.1 points	1.0%	0.9%

Country, concentration and asset class

Country by domicile

Country weights in RPG and VUG, widest gap first
Country	More in RPGMore in VUG	RPG	VUG
United States	VUG +0.7 points	99.3%	100.0%
Mexico	RPG +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

RPG29.5%
VUG63.1%

Securities held

RPG70
VUG135

Asset class

RPG: Equity
VUG: Equity

Holdings

Only in RPG22
In both48
Only in VUG87

Only in RPG

22 securities, 29.3% of RPG by weight

Micron Technology Inc3.75%
Berkshire Hathaway Inc2.30%
Everpure Inc1.77%
Incyte Corp1.71%
HCA Healthcare Inc1.51%
EchoStar Corp1.49%
Ralph Lauren Corp1.45%
Newmont Corp1.43%
Carnival Corp Ltd1.43%
RTX Corp1.34%
EMCOR Group Inc1.32%
Expedia Group Inc1.31%
Twilio Inc1.24%
Tapestry Inc1.18%
Ulta Beauty Inc1.09%
Wynn Resorts Ltd0.99%
Vistra Corp0.94%
Caterpillar Inc0.93%
Uber Technologies Inc0.93%
Insulet Corp0.66%
Casey's General Stores Inc0.53%
Invesco Government & Agency Portfolio0.03%

Only in VUG

87 securities, 39.8% of VUG by weight

Apple Inc12.51%
Amazon.com Inc4.26%
Tesla Inc2.65%
Visa Inc1.59%
Intel Corp1.45%
Mastercard Inc1.16%
Costco Wholesale Corp1.09%
Palo Alto Networks Inc0.88%
Oracle Corp0.65%
Marvell Technology Inc0.64%
Seagate Technology Holdings PLC0.58%
General Electric Co0.45%
Western Digital Corp0.44%
TJX Cos Inc/The0.41%
Boeing Co/The0.41%
ServiceNow Inc0.39%
Vertex Pharmaceuticals Inc0.37%
Texas Instruments Inc0.36%
Corning Inc0.34%
Cloudflare Inc0.33%
Fortinet Inc0.32%
Snowflake Inc0.32%
Starbucks Corp0.30%
Equinix Inc0.29%
Cadence Design Systems Inc0.27%
Space Exploration Technologies Corp0.26%
Synopsys Inc0.25%
McDonald's Corp0.24%
Dell Technologies Inc0.23%
Motorola Solutions Inc0.22%
Ecolab Inc0.21%
Airbnb Inc0.20%
Cintas Corp0.20%
Moody's Corp0.20%
Teradyne Inc0.19%
Targa Resources Corp0.18%
Astera Labs Inc0.18%
Fastenal Co0.18%
WW Grainger Inc0.17%
AutoZone Inc0.15%
Autodesk Inc0.14%
Rocket Lab Corp0.14%
Veeva Systems Inc0.14%
Carvana Co0.13%
Blackstone Inc0.13%
Coinbase Global Inc0.13%
Chipotle Mexican Grill Inc0.13%
Block Inc0.13%
Take-Two Interactive Software Inc0.13%
Waste Connections Inc0.13%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in RPG and VUG, widest gap first
Holding	More in RPGMore in VUG	RPG	VUG
NVIDIA CorpNVDA	VUG +11.84 points	1.65%	13.49%
Microsoft CorpMSFT	VUG +8.96 points	0.79%	9.75%
Sandisk CorpSNDK	RPG +6.01 points	6.71%	0.70%
Alphabet IncGOOGL	VUG +4.43 points	0.73%	5.16%
Alphabet IncGOOG	VUG +3.51 points	0.58%	4.09%
Meta Platforms IncMETA	VUG +3.16 points	1.07%	4.23%
Broadcom IncAVGO	VUG +2.99 points	1.35%	4.34%
Crowdstrike Holdings IncCRWD	RPG +2.60 points	3.31%	0.71%
Comfort Systems USA IncFIX	RPG +2.30 points	2.48%	0.18%
Monolithic Power Systems IncMPWR	RPG +1.78 points	1.97%	0.19%
Interactive Brokers Group IncIBKR	RPG +1.77 points	1.84%	0.07%
Ciena CorpCIEN	RPG +1.67 points	1.83%	0.16%
Amphenol CorpAPH	RPG +1.52 points	2.09%	0.57%
Datadog IncDDOG	RPG +1.45 points	1.72%	0.27%
Vertiv Holdings CoVRT	RPG +1.42 points	1.69%	0.27%
Howmet Aerospace IncHWM	RPG +1.40 points	1.66%	0.26%
Quanta Services IncPWR	RPG +1.40 points	1.68%	0.28%
TKO Group Holdings IncTKO	RPG +1.35 points	1.39%	0.04%
Arista Networks IncANET	RPG +1.34 points	1.94%	0.60%
Royal Caribbean Cruises LtdRCL	RPG +1.28 points	1.40%	0.12%
Bloom Energy CorpBE	RPG +1.24 points	1.47%	0.23%
Lumentum Holdings IncLITE	RPG +1.22 points	1.48%	0.26%
KLA CorpKLAC	RPG +1.18 points	1.88%	0.70%
Hilton Worldwide Holdings IncHLT	RPG +1.07 points	1.28%	0.21%
First Solar IncFSLR	RPG +1.04 points	1.09%	0.05%
Robinhood Markets IncHOOD	RPG +1.04 points	1.30%	0.26%
Monster Beverage CorpMNST	RPG +1.00 points	1.17%	0.17%
Marriott International Inc/MDMAR	RPG +0.99 points	1.21%	0.22%
VeriSign IncVRSN	RPG +0.91 points	1.00%	0.09%
Palantir Technologies IncPLTR	RPG +0.88 points	1.98%	1.10%
Coherent CorpCOHR	RPG +0.88 points	1.05%	0.17%
IDEXX Laboratories IncIDXX	RPG +0.85 points	0.98%	0.13%
Las Vegas Sands CorpLVS	RPG +0.78 points	0.83%	0.05%
GE Vernova IncGEV	RPG +0.76 points	1.45%	0.69%
DoorDash IncDASH	RPG +0.68 points	0.89%	0.21%
Welltower IncWELL	RPG +0.63 points	1.09%	0.46%
TransDigm Group IncTDG	RPG +0.60 points	0.78%	0.18%
Flex LtdFLEX	RPG +0.58 points	0.66%	0.08%
Eli Lilly & CoLLY	VUG +0.53 points	2.07%	2.60%
O'Reilly Automotive IncORLY	RPG +0.51 points	0.72%	0.21%
AppLovin CorpAPP	RPG +0.45 points	0.69%	0.24%
Lam Research CorpLRCX	RPG +0.43 points	1.54%	1.11%
Rollins IncROL	RPG +0.39 points	0.42%	0.03%
Netflix IncNFLX	VUG +0.25 points	0.53%	0.78%
Booking Holdings IncBKNG	RPG +0.24 points	0.58%	0.34%
Advanced Micro Devices IncAMD	RPG +0.19 points	2.85%	2.66%
Intuitive Surgical IncISRG	RPG +0.18 points	0.59%	0.41%
Applied Materials IncAMAT	RPG +0.14 points	1.24%	1.10%

All 70 RPG holdings⁠All 166 VUG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RPG vs VUG Cost

Overpaying RPG vs VUG

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

RPG 0.35%
$7,126
VUG 0.03%
$638

Amount$10,000

Years30 years

Cost over time

RPG 0.35%
VUG 0.03%
Overpaying

Year by year

Year	RPG	VUG	Overpaying
10	$634	$55	$579
20	$2,454	$216	$2,238
30	$7,126	$638	$6,488

Expense ratio

0.35%RPG
0.03%VUG, cheaper

VUG0.03%RPG0.35%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

VUG cheapest of 35 funds

RPG 24th cheapest of 35 funds

RPG vs VUG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): RPG 0.16%; VUG 0.41%, better
Payout (12M): RPG $0.09; VUG $0.35
Last payment: RPG $0.04; VUG $0.09
Ex-dividend: RPG Sep 21, 2026; VUG Sep 28, 2026
Paid on: RPG Sep 25, 2026; VUG Sep 30, 2026
Frequency: RPG Quarterly; VUG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

RPGQuarterly · 36 paymentsAll RPG payments⁠

VUGQuarterly · 39 paymentsAll VUG payments⁠

RPG vs VUG Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: RPG 20.6%VUG 17.3%, better
Return per unit of riskSharpe ratio, 3 years: RPG 0.87VUG 1.11, better
Worst fallMax drawdown, 5 years: RPG −35.6%VUG −35.6%
Market sensitivityBeta, 5 years: RPG 1.22VUG 1.23; Market = 1

RPG and VUG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026VUG
Head-to-Head
Own iShares Core S&P 500 ETF, IVV, unless you want the heavier growth bet in Vanguard Morningstar Growth ETF, VUG
Oct 16, 2026VUG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026VUG
Behind the Index
Oil rose 4.5% and the 10-year yield stood at 5% as two U.S. stocks fell for every one that rose
Sep 15, 2026VUG

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RPG vs VUG

In short

Stated mandate

Why people hold it