SPYG vs VONG: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Vanguard Russell 1000 Growth ETF

VONGANasdaq

Overlap

74.8%by weight

Expense ratio

SPYG −0.02pt a year

SPYG0.04%VONG0.06%

Avg volume · 30D

SPYG 2.2×the volume

SPYG2.28MVONG1.06M

10Y return · a year

VONG +0.1pt

SPYG+17.5%VONG+17.6%

SPYG vs VONG Performance

Oct 29, 2021 – Oct 30, 2026

+73.4%SPYG+63.4%VONG

Expense ratio: SPYG 0.04%, better; VONG 0.06%
Fund size: SPYG $55.5B; VONG $55.6B
1Y total return: SPYG +8.3%, better; VONG −2.6%
Yield (12M): SPYG 0.50%, better; VONG 0.48%
Holdings: SPYG 154; VONG 374
Avg volume (30D): SPYG 2.28M sh, better; VONG 1.06M sh
NAV per share: SPYG $119.59; VONG $121.06
52W range

ETF.net Grade

Pillar letters and Scores for SPYG, VONG, with each pillar’s weight
Pillar	SPYG	VONG
Cost30% weight	A96Higher	A78
Mission25% weight	A98	A100Higher
Risk15% weight	B62Higher	D33
Tradability15% weight	A95Higher	C52
Holdings10% weight	D38	C41Higher
Durability5% weight	A79	A83Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. SPYG and VONG 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 ›

SPYG ranks 1st and VONG 8th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 8ASFYSoFi Select 500 ETFScore 69
Rank 8AVONGVanguard Russell 1000 Growth ETFScore 69
Rank 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68

Our read on each fund

ETF.net Research

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

VONGAVanguard Russell 1000 Growth ETF

In short

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

VONG The same Russell 1000 Growth index that sits behind the category's best-known growth ETF, for 0.06% a year. Vanguard buys the whole large-cap growth sleeve, cap-weighted, and otherwise stays out of the way.

Stated mandate

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

VONG The ETF seeks to track the Russell 1000 Growth Index, which represents large-capitalization growth stocks in the United States. It uses passive full replication and remains fully invested.

Why people hold it

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

VONG 0.06% a year against a 0.18% cohort median, and the older, better-known ETF on the very same Russell index (IWF) charges 0.18%. Same benchmark, a third of the fee.vanguard.com
The prospectus calls for full replication and staying fully invested, no sampling shortcuts. Index tracking sits among the tightest in the US growth group.vanguard.com
Trading since 2010 and now a multi-billion-dollar fund with steady daily volume, which usually means thin spreads and easy fills.
Its universe is the Russell 1000, so the growth sleeve (roughly 400 stocks) reaches past the S&P 500 roster that funds like SPYG are boxed into. Pays quarterly.

Worth knowing

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

VONG Cap-weighted growth is top-heavy: roughly 400 names, but the mega-cap leaders set the pace, and the ride tends to be bumpier than the broad market.
Russell scores companies on both growth and value, so a single mega-cap can sit in both indexes at once and shift weight between them at reconstitution.lseg.com
Cheap, not the cheapest shelf: VUG, SCHG and SPYG charge less using different growth definitions. The Russell recipe costs a couple of basis points more.

Full SPYG profile⁠

Full VONG profile⁠

SPYG vs VONG Holdings

How SPYG and VONG differ

Overlap by weight

74.8%

Shared holdings make up 87.3% of VONG and 86.9% of SPYG.

Level by level

Holdings108 in both74.8%
Sector11 Sectors92.3%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in SPYG and VONG, widest gap first
Sector	More in SPYGMore in VONG	SPYG	VONG
Financials	SPYG +4.8 points	9.2%	4.4%
Technology	VONG +3.8 points	52.9%	56.7%
Industrials	VONG +1.8 points	5.6%	7.4%
Communication	VONG +1.5 points	14.8%	16.3%
Health Care	SPYG +1.5 points	6.8%	5.4%
Consumer Discretionary	SPYG +1.0 points	8.3%	7.3%
Energy	VONG +0.5 points	0.0%	0.5%
Real Estate	SPYG +0.2 points	0.6%	0.4%
Consumer Staples	SPYG +0.1 points	1.2%	1.1%
Utilities	SPYG +0.1 points	0.3%	0.2%
Materials	Same weight	0.3%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in SPYG and VONG, widest gap first
Country	More in SPYGMore in VONG	SPYG	VONG
United States	VONG +0.2 points	99.8%	100.0%
China	SPYG +0.1 points	0.1%	0.0%
Mexico	SPYG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

SPYG58.9%
VONG57.7%

Securities held

SPYG152
VONG372

Asset class

SPYG: Equity
VONG: Equity

Holdings

Only in SPYG44
In both108
Only in VONG264

Only in SPYG

44 securities, 13.1% of SPYG by weight

Berkshire Hathaway Inc Class B2.82%
JPMorgan Chase & Co1.73%
Johnson & Johnson1.09%
Rtx Corp0.75%
Cisco Systems Inc0.63%
Philip Morris International0.51%
Goldman Sachs Group Inc0.49%
Welltower Inc0.47%
Morgan Stanley0.38%
Intl Business Machines Corp0.35%
Newmont Corp0.33%
Gilead Sciences Inc0.31%
Seagate Technology Holdings0.28%
McDonald’s Corp0.22%
Progressive Corp0.21%
O Reilly Automotive Inc0.20%
Hca Healthcare Inc0.20%
Parker Hannifin Corp0.18%
S+p Global Inc0.17%
Cme Group Inc0.17%
General Dynamics Corp0.14%
Stryker Corp0.13%
Te Connectivity PLC0.12%
Boston Scientific Corp0.12%
Carnival Corp Ltd0.10%
Flex Ltd0.10%
Apollo Global Management Inc0.08%
Veeva Systems Inc Class A0.08%
Edwards Lifesciences Corp0.07%
Verisign Inc0.07%
Illumina Inc0.07%
Ventas Inc0.06%
Resmed Inc0.06%
Incyte Corp0.06%
Cboe Global Markets Inc0.05%
Cincinnati Financial Corp0.05%
Mettler Toledo International0.05%
Verisk Analytics Inc0.04%
Steris PLC0.03%
Wr Berkley Corp0.03%
Allegion PLC0.02%
Fox Corp Class A0.02%
Fox Corp Class B0.01%
Norwegian Cruise Line Holdin0.01%

Only in VONG

264 securities, 12.5% of VONG by weight

Texas Instruments Inc0.75%
Home Depot Inc/The0.62%
Costco Wholesale Corp0.52%
Western Digital Corp0.46%
Snowflake Inc0.33%
Cloudflare Inc0.33%
Lockheed Martin Corp0.30%
McKesson Corp0.28%
Space Exploration Technologies Corp0.25%
Spotify Technology SA0.23%
Cintas Corp0.20%
Adobe Inc0.20%
Blackstone Inc0.19%
Marathon Petroleum Corp0.17%
Starbucks Corp0.17%
Targa Resources Corp0.17%
Natera Inc0.17%
Cencora Inc0.16%
Astera Labs Inc0.16%
American Tower Corp0.15%
Fastenal Co0.14%
WW Grainger Inc0.14%
NU Holdings Ltd/Cayman Islands0.13%
Anglogold Ashanti Plc0.13%
Microchip Technology Inc0.12%
Chipotle Mexican Grill Inc0.12%
Revolution Medicines Inc0.12%
Walmart Inc0.12%
Rocket Lab Corp0.11%
Automatic Data Processing Inc0.11%
Keysight Technologies Inc0.10%
Citigroup Inc0.10%
Alnylam Pharmaceuticals Inc0.10%
Credo Technology Group Holding Ltd0.10%
Colgate-Palmolive Co0.09%
Atlassian Corp0.08%
Motorola Solutions Inc0.08%
CoreWeave Inc0.08%
ROBLOX Corp0.08%
Eaton Corp PLC0.08%
ATI Inc0.08%
MongoDB Inc0.07%
Insmed Inc0.07%
Bank of America Corp0.07%
Cardinal Health Inc0.07%
Zoetis Inc0.07%
Ares Management Corp0.07%
Darden Restaurants Inc0.07%
Illinois Tool Works Inc0.06%
Zscaler Inc0.06%

Weight gaps

The 100 widest of 108 Holdings in both funds.

Holding weights in SPYG and VONG, widest gap first
Holding	More in SPYGMore in VONG	SPYG	VONG
Microsoft CorpMSFT	SPYG +5.39 points	10.99%	5.60%
Amazon.com IncAMZN	SPYG +2.95 points	3.54%	0.59%
Alphabet Inc Class AGOOGL	VONG +1.24 points	4.65%	5.89%
NVIDIA CorpNVDA	VONG +1.22 points	14.44%	15.66%
Tesla IncTSLA	VONG +1.08 points	1.97%	3.05%
Alphabet Inc Class CGOOG	VONG +1.01 points	3.75%	4.76%
Visa Inc Class A SharesV	VONG +0.63 points	1.07%	1.70%
Micron Technology IncMU	VONG +0.58 points	2.95%	3.53%
Apple IncAAPL	VONG +0.56 points	7.11%	7.67%
AbbVie IncABBV	SPYG +0.55 points	0.66%	0.11%
General ElectricGE	VONG +0.48 points	0.47%	0.95%
Palo Alto Networks IncPANW	VONG +0.45 points	0.48%	0.94%
Marvell Technology IncMRVL	VONG +0.43 points	0.25%	0.68%
Eli Lilly & CoLLY	SPYG +0.35 points	3.07%	2.71%
Mastercard Inc AMA	VONG +0.35 points	0.96%	1.31%
Advanced Micro DevicesAMD	VONG +0.34 points	2.58%	2.92%
Oracle CorpORCL	VONG +0.34 points	0.35%	0.69%
Uber Technologies IncUBER	SPYG +0.33 points	0.37%	0.04%
Lam Research CorpLRCX	VONG +0.32 points	0.89%	1.21%
Coca Cola Co/TheKO	SPYG +0.31 points	0.42%	0.11%
Applied Materials IncAMAT	VONG +0.26 points	0.93%	1.19%
Caterpillar IncCAT	VONG +0.25 points	0.83%	1.08%
Broadcom IncAVGO	VONG +0.22 points	4.58%	4.80%
Servicenow IncNOW	VONG +0.21 points	0.19%	0.40%
Sandisk CorpSNDK	VONG +0.20 points	0.54%	0.74%
American Express CoAXP	SPYG +0.18 points	0.32%	0.14%
Fortinet IncFTNT	VONG +0.17 points	0.15%	0.32%
Corning IncGLW	VONG +0.16 points	0.20%	0.36%
Bank of New York Mellon CorpBNY	SPYG +0.16 points	0.18%	0.02%
Johnson Controls InternationJCI	SPYG +0.16 points	0.18%	0.02%
Trane Technologies PLCTT	VONG +0.15 points	0.14%	0.29%
Constellation EnergyCEG	SPYG +0.14 points	0.16%	0.02%
Kla CorpKLAC	VONG +0.14 points	0.61%	0.75%
Netflix IncNFLX	VONG +0.13 points	0.72%	0.85%
Teradyne IncTER	VONG +0.10 points	0.07%	0.18%
Simon Property Group IncSPG	VONG +0.11 points	0.08%	0.19%
Monster Beverage CorpMNST	SPYG +0.11 points	0.19%	0.08%
Royal Caribbean Cruises LtdRCL	SPYG +0.11 points	0.22%	0.11%
Airbnb Inc Class AABNB	VONG +0.11 points	0.09%	0.20%
Cadence Design Sys IncCDNS	VONG +0.10 points	0.17%	0.27%
Boeing Co/TheBA	VONG +0.10 points	0.17%	0.27%
Coherent CorpCOHR	SPYG +0.10 points	0.13%	0.03%
Transdigm Group IncTDG	SPYG +0.09 points	0.18%	0.09%
Ge Vernova IncGEV	VONG +0.09 points	0.66%	0.75%
Ross Stores IncROST	VONG +0.09 points	0.10%	0.19%
Arista Networks IncANET	VONG +0.08 points	0.54%	0.62%
Twilio Inc ATWLO	SPYG +0.08 points	0.10%	0.02%
Autozone IncAZO	SPYG +0.07 points	0.09%	0.02%
United Rentals IncURI	SPYG +0.08 points	0.12%	0.04%
Intuit IncINTU	SPYG +0.07 points	0.14%	0.07%
Ebay IncEBAY	SPYG +0.07 points	0.10%	0.03%
Marriott International Class AMAR	SPYG +0.07 points	0.24%	0.17%
Ulta Beauty IncULTA	SPYG +0.06 points	0.08%	0.02%
Take Two Interactive SoftwreTTWO	VONG +0.06 points	0.05%	0.11%
Kkr & Co IncKKR	SPYG +0.06 points	0.10%	0.04%
Msci IncMSCI	SPYG +0.06 points	0.07%	<0.01%
Interactive Brokers Gro Class AIBKR	SPYG +0.06 points	0.10%	0.04%
Carvana CoCVNA	VONG +0.06 points	0.07%	0.13%
Booking Holdings IncBKNG	VONG +0.05 points	0.32%	0.37%
Dexcom IncDXCM	VONG +0.06 points	0.04%	0.10%
Ferguson Enterprises IncFERG	SPYG +0.05 points	0.06%	<0.01%
First Solar IncFSLR	SPYG +0.05 points	0.05%	<0.01%
Autodesk IncADSK	VONG +0.05 points	0.08%	0.13%
Tjx Companies IncTJX	SPYG +0.04 points	0.24%	0.20%
Bloom Energy Corp ABE	VONG +0.05 points	0.18%	0.23%
Amphenol Corp Class AAPH	VONG +0.04 points	0.57%	0.61%
Rockwell Automation IncROK	VONG +0.04 points	0.08%	0.12%
Palantir Technologies Inc APLTR	SPYG +0.04 points	1.26%	1.22%
Workday Inc Class AWDAY	SPYG +0.04 points	0.05%	<0.01%
Comfort Systems Usa IncFIX	VONG +0.04 points	0.13%	0.17%
Crowdstrike Holdings Inc ACRWD	VONG +0.04 points	0.74%	0.78%
Cummins IncCMI	SPYG +0.03 points	0.13%	0.10%
Live Nation Entertainment InLYV	VONG +0.04 points	0.04%	0.08%
Jabil IncJBL	VONG +0.04 points	0.05%	0.09%
Howmet Aerospace IncHWM	VONG +0.03 points	0.23%	0.26%
Axon Enterprise IncAXON	VONG +0.03 points	0.07%	0.10%
Idexx Laboratories IncIDXX	SPYG +0.03 points	0.13%	0.10%
Reddit Inc Class ARDDT	VONG +0.03 points	0.03%	0.06%
Yum Brands IncYUM	SPYG +0.03 points	0.06%	0.03%
Everpure Inc AP	SPYG +0.03 points	0.13%	0.10%
Monolithic Power Systems IncMPWR	VONG +0.03 points	0.16%	0.19%
Intuitive Surgical IncISRG	SPYG +0.02 points	0.44%	0.42%
Hilton Worldwide Holdings InHLT	SPYG +0.01 points	0.22%	0.21%
Ralph Lauren CorpRL	SPYG +0.02 points	0.04%	0.02%
Tko Group Holdings IncTKO	SPYG +0.02 points	0.03%	0.01%
Datadog Inc Class ADDOG	VONG +0.01 points	0.25%	0.26%
Quanta Services IncPWR	VONG +0.01 points	0.27%	0.28%
Nrg Energy IncNRG	VONG +0.02 points	0.04%	0.06%
Doordash Inc ADASH	VONG +0.01 points	0.19%	0.20%
Emcor Group IncEME	VONG +0.02 points	0.08%	0.10%
Vistra CorpVST	VONG +0.02 points	0.12%	0.14%
Meta Platforms Inc Class AMETA	SPYG +0.02 points	3.85%	3.83%
Applovin Corp Class AAPP	VONG +0.01 points	0.19%	0.20%
Casey’s General Stores IncCASY	SPYG +0.01 points	0.07%	0.06%
Fair Isaac CorpFICO	VONG +0.01 points	0.02%	0.03%
Robinhood Markets Inc AHOOD	VONG +0.01 points	0.20%	0.21%
Vertiv Holdings Co AVRT	VONG +0.01 points	0.26%	0.27%
Ciena CorpCIEN	VONG +0.01 points	0.14%	0.15%
Echostar Corp AECHO	SPYG +0.01 points	0.04%	0.03%
Lumentum Holdings IncLITE	SPYG +0.01 points	0.23%	0.22%

All 152 SPYG holdings⁠All 394 VONG 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.

SPYG vs VONG Cost

Overpaying VONG vs SPYG

$421

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

SPYG 0.04%
$849
VONG 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

SPYG 0.04%
VONG 0.06%
Overpaying

Year by year

Year	SPYG	VONG	Overpaying
10	$73	$110	$37
20	$288	$432	$144
30	$849	$1,270	$421

Expense ratio

0.04%SPYG, cheaper
0.06%VONG

SPYG0.04%VONG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

VONG 9th cheapest of 35 funds

SPYG vs VONG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPYG 0.50%, better; VONG 0.48%
Payout (12M): SPYG $0.59; VONG $0.58
Last payment: SPYG $0.15; VONG $0.14
Ex-dividend: SPYG Sep 21, 2026; VONG Sep 23, 2026
Paid on: SPYG Sep 23, 2026; VONG Sep 25, 2026
Frequency: SPYG Quarterly; VONG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

VONGQuarterly · 39 paymentsAll VONG payments⁠

SPYG vs VONG Risk

Fall from peak · 5 years

SPYG
VONG

Risk facts

VolatilityStd dev, 3 years: SPYG 16.5%, betterVONG 16.9%
Return per unit of riskSharpe ratio, 3 years: SPYG 1.28, betterVONG 1.02
Worst fallMax drawdown, 5 years: SPYG −32.7%VONG −32.7%
Market sensitivityBeta, 5 years: SPYG 1.17VONG 1.16; Market = 1

SPYG and VONG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SPYGVONG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SPYGVONG

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SPYG vs VONG

In short

Stated mandate

Why people hold it

Worth knowing

How SPYG and VONG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYG

Only in VONG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How SPYG and VONG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYG

Only in VONG

Weight gaps