VONG vs VUG: Grades, Fees and Holdings Compared

Vanguard Russell 1000 Growth ETF

VONGANasdaq

Vanguard Morningstar Growth ETF

VUGANYSE Arca

Overlap

78.1%by weight

Expense ratio

VUG −0.03pt a year

VONG0.06%VUG0.03%

Avg volume · 30D

VUG 6.0×the volume

VONG1.06MVUG6.32M

10Y return · a year

VONG+17.6%VUG+17.6%

VONG vs VUG Performance

Oct 29, 2021 – Oct 30, 2026

+63.4%VONG+67.0%VUG

Expense ratio: VONG 0.06%; VUG 0.03%, better
Fund size: VONG $55.6B; VUG $392B
1Y total return: VONG −2.6%; VUG +2.7%, better
Yield (12M): VONG 0.48%, better; VUG 0.41%
Holdings: VONG 374; VUG 136
Avg volume (30D): VONG 1.06M sh; VUG 6.32M sh, better
NAV per share: VONG $121.06; VUG $85.06
52W range

ETF.net Grade

Pillar letters and Scores for VONG, VUG, with each pillar’s weight
Pillar	VONG	VUG
Cost30% weight	A78	A96Higher
Mission25% weight	A100Higher	A99
Risk15% weight	D33	C49Higher
Tradability15% weight	C52	B65Higher
Holdings10% weight	C41Higher	D29
Durability5% weight	A83	A91Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. VONG 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 VONG 8th 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 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

VONGAVanguard Russell 1000 Growth ETF

VUGAVanguard Morningstar Growth ETF

In short

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.

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

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.

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

Why people hold it

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.

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

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.

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 VONG profile⁠

Full VUG profile⁠

VONG vs VUG Holdings

How VONG and VUG differ

Overlap by weight

78.1%

Shared holdings make up 94.5% of VUG and 85.1% of VONG.

Level by level

Holdings108 in both78.1%
Sector11 Sectors93.2%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in VONG and VUG, widest gap first
Sector	More in VONGMore in VUG	VONG	VUG
Technology	VUG +3.5 points	56.7%	60.2%
Industrials	VONG +3.0 points	7.4%	4.4%
Consumer Discretionary	VUG +2.5 points	7.3%	9.8%
Communication	VONG +1.6 points	16.3%	14.7%
Health Care	VONG +1.2 points	5.4%	4.2%
Real Estate	VUG +0.5 points	0.4%	0.9%
Financials	VONG +0.5 points	4.4%	3.9%
Utilities	VONG +0.2 points	0.2%	0.0%
Energy	VONG +0.2 points	0.5%	0.3%
Consumer Staples	VUG +0.2 points	1.1%	1.3%
Materials	VUG +0.1 points	0.3%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in VONG and VUG, widest gap first
Country	More in VONGMore in VUG	VONG	VUG
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

VONG57.7%
VUG63.1%

Securities held

VONG372
VUG135

Asset class

VONG: Equity
VUG: Equity

Holdings

Only in VONG264
In both108
Only in VUG27

Only in VONG

264 securities, 14.9% of VONG by weight

Micron Technology Inc3.53%
Caterpillar Inc1.08%
Home Depot Inc/The0.62%
Amgen Inc0.47%
Lockheed Martin Corp0.30%
Trane Technologies PLC0.29%
McKesson Corp0.28%
Spotify Technology SA0.23%
Adobe Inc0.20%
Ross Stores Inc0.19%
Simon Property Group Inc0.19%
Marathon Petroleum Corp0.17%
Natera Inc0.17%
Cencora Inc0.16%
American Tower Corp0.15%
Vistra Corp0.14%
American Express Co0.14%
NU Holdings Ltd/Cayman Islands0.13%
Anglogold Ashanti Plc0.13%
Microchip Technology Inc0.12%
Rockwell Automation Inc0.12%
Revolution Medicines Inc0.12%
Walmart Inc0.12%
Coca-Cola Co/The0.11%
Automatic Data Processing Inc0.11%
AbbVie Inc0.11%
Keysight Technologies Inc0.10%
Everpure Inc0.10%
Citigroup Inc0.10%
EMCOR Group Inc0.10%
Credo Technology Group Holding Ltd0.10%
Cummins Inc0.10%
Expedia Group Inc0.09%
Jabil Inc0.09%
Colgate-Palmolive Co0.09%
Eaton Corp PLC0.08%
ATI Inc0.08%
Bank of America Corp0.07%
Cardinal Health Inc0.07%
Tapestry Inc0.07%
Intuit Inc0.07%
Zoetis Inc0.07%
Darden Restaurants Inc0.07%
Illinois Tool Works Inc0.06%
PepsiCo Inc0.06%
Waste Management Inc0.06%
Guardant Health Inc0.06%
XPO Inc0.06%
Casey's General Stores Inc0.06%
Woodward Inc0.06%

Only in VUG

27 securities, 5.6% of VUG by weight

Intel Corp1.45%
Seagate Technology Holdings PLC0.58%
Welltower Inc0.46%
Vertex Pharmaceuticals Inc0.37%
Equinix Inc0.29%
Synopsys Inc0.25%
McDonald's Corp0.24%
Ecolab Inc0.21%
O'Reilly Automotive Inc0.21%
Veeva Systems Inc0.14%
Coinbase Global Inc0.13%
Block Inc0.13%
Waste Connections Inc0.13%
Mettler-Toledo International Inc0.11%
Vulcan Materials Co0.11%
West Pharmaceutical Services Inc0.10%
VeriSign Inc0.09%
Waters Corp0.08%
Ventas Inc0.08%
Verisk Analytics Inc0.08%
Flex Ltd0.08%
ResMed Inc0.07%
Martin Marietta Materials Inc0.06%
SBA Communications Corp0.04%
Cerebras Systems Inc0.04%
Symbotic Inc0.03%
Venture Global Inc0.03%

Weight gaps

The 100 widest of 108 Holdings in both funds.

Holding weights in VONG and VUG, widest gap first
Holding	More in VONGMore in VUG	VONG	VUG
Apple IncAAPL	VUG +4.84 points	7.67%	12.51%
Microsoft CorpMSFT	VUG +4.15 points	5.60%	9.75%
Amazon.com IncAMZN	VUG +3.67 points	0.59%	4.26%
NVIDIA CorpNVDA	VONG +2.17 points	15.66%	13.49%
Alphabet IncGOOGL	VONG +0.73 points	5.89%	5.16%
Alphabet IncGOOG	VONG +0.67 points	4.76%	4.09%
Costco Wholesale CorpCOST	VUG +0.57 points	0.52%	1.09%
General Electric CoGE	VONG +0.50 points	0.95%	0.45%
Broadcom IncAVGO	VONG +0.46 points	4.80%	4.34%
Meta Platforms IncMETA	VUG +0.40 points	3.83%	4.23%
Tesla IncTSLA	VONG +0.40 points	3.05%	2.65%
Texas Instruments IncTXN	VONG +0.39 points	0.75%	0.36%
Advanced Micro Devices IncAMD	VONG +0.26 points	2.92%	2.66%
TJX Cos Inc/TheTJX	VUG +0.21 points	0.20%	0.41%
Dell Technologies IncDELL	VUG +0.17 points	0.06%	0.23%
Mastercard IncMA	VONG +0.15 points	1.31%	1.16%
Coherent CorpCOHR	VUG +0.14 points	0.03%	0.17%
Boeing Co/TheBA	VUG +0.14 points	0.27%	0.41%
Motorola Solutions IncMSI	VUG +0.14 points	0.08%	0.22%
Starbucks CorpSBUX	VUG +0.13 points	0.17%	0.30%
AutoZone IncAZO	VUG +0.13 points	0.02%	0.15%
Palantir Technologies IncPLTR	VONG +0.12 points	1.22%	1.10%
Workday IncWDAY	VUG +0.11 points	<0.01%	0.12%
Eli Lilly & CoLLY	VONG +0.12 points	2.71%	2.60%
MSCI IncMSCI	VUG +0.11 points	<0.01%	0.12%
Moody's CorpMCO	VUG +0.11 points	0.09%	0.20%
Visa IncV	VONG +0.11 points	1.70%	1.59%
Lam Research CorpLRCX	VONG +0.10 points	1.21%	1.11%
Monster Beverage CorpMNST	VUG +0.09 points	0.08%	0.17%
Applied Materials IncAMAT	VONG +0.09 points	1.19%	1.10%
TransDigm Group IncTDG	VUG +0.09 points	0.09%	0.18%
Old Dominion Freight Line IncODFL	VUG +0.09 points	0.02%	0.11%
Yum! Brands IncYUM	VUG +0.09 points	0.03%	0.12%
Super Micro Computer IncSMCI	VUG +0.08 points	<0.01%	0.09%
Crowdstrike Holdings IncCRWD	VONG +0.07 points	0.78%	0.71%
Netflix IncNFLX	VONG +0.07 points	0.85%	0.78%
Blackstone IncBX	VONG +0.06 points	0.19%	0.13%
GE Vernova IncGEV	VONG +0.06 points	0.75%	0.69%
LPL Financial Holdings IncLPLA	VUG +0.06 points	0.03%	0.09%
Palo Alto Networks IncPANW	VONG +0.06 points	0.94%	0.88%
KLA CorpKLAC	VONG +0.05 points	0.75%	0.70%
Tradeweb Markets IncTW	VUG +0.05 points	<0.01%	0.05%
Marriott International Inc/MDMAR	VUG +0.05 points	0.17%	0.22%
Sandisk CorpSNDK	VONG +0.04 points	0.74%	0.70%
Robinhood Markets IncHOOD	VUG +0.05 points	0.21%	0.26%
Oracle CorpORCL	VONG +0.04 points	0.69%	0.65%
First Solar IncFSLR	VUG +0.05 points	<0.01%	0.05%
AppLovin CorpAPP	VUG +0.04 points	0.20%	0.24%
Marvell Technology IncMRVL	VONG +0.04 points	0.68%	0.64%
Fastenal CoFAST	VUG +0.04 points	0.14%	0.18%
Lumentum Holdings IncLITE	VUG +0.04 points	0.22%	0.26%
Amphenol CorpAPH	VONG +0.04 points	0.61%	0.57%
CoreWeave IncCRWV	VUG +0.03 points	0.08%	0.11%
WW Grainger IncGWW	VUG +0.03 points	0.14%	0.17%
IDEXX Laboratories IncIDXX	VUG +0.03 points	0.10%	0.13%
Interactive Brokers Group IncIBKR	VUG +0.03 points	0.04%	0.07%
Booking Holdings IncBKNG	VONG +0.03 points	0.37%	0.34%
TKO Group Holdings IncTKO	VUG +0.03 points	0.01%	0.04%
Zscaler IncZS	VUG +0.03 points	0.06%	0.09%
Arista Networks IncANET	VONG +0.02 points	0.62%	0.60%
Rocket Lab CorpRKLB	VUG +0.03 points	0.11%	0.14%
Western Digital CorpWDC	VONG +0.02 points	0.46%	0.44%
MongoDB IncMDB	VUG +0.02 points	0.07%	0.09%
Ares Management CorpARES	VUG +0.02 points	0.07%	0.09%
Live Nation Entertainment IncLYV	VUG +0.02 points	0.08%	0.10%
Reddit IncRDDT	VUG +0.02 points	0.06%	0.08%
Fair Isaac CorpFICO	VUG +0.02 points	0.03%	0.05%
Corning IncGLW	VONG +0.02 points	0.36%	0.34%
Las Vegas Sands CorpLVS	VUG +0.02 points	0.03%	0.05%
ROBLOX CorpRBLX	VUG +0.02 points	0.08%	0.10%
Dexcom IncDXCM	VUG +0.01 points	0.10%	0.11%
Atlassian CorpTEAM	VUG +0.02 points	0.08%	0.10%
Insmed IncINSM	VONG +0.01 points	0.07%	0.06%
Astera Labs IncALAB	VUG +0.02 points	0.16%	0.18%
Take-Two Interactive Software IncTTWO	VUG +0.02 points	0.11%	0.13%
ServiceNow IncNOW	VONG +0.01 points	0.40%	0.39%
Space Exploration Technologies CorpSPCX	VUG +0.01 points	0.25%	0.26%
Intuitive Surgical IncISRG	VONG +0.01 points	0.42%	0.41%
Alnylam Pharmaceuticals IncALNY	VUG +0.01 points	0.10%	0.11%
Snowflake IncSNOW	VONG +0.01 points	0.33%	0.32%
Ciena CorpCIEN	VUG +0.01 points	0.15%	0.16%
Autodesk IncADSK	VUG +0.01 points	0.13%	0.14%
Axon Enterprise IncAXON	VUG +0.01 points	0.10%	0.11%
Comfort Systems USA IncFIX	VUG +0.01 points	0.17%	0.18%
Chipotle Mexican Grill IncCMG	VUG +0.01 points	0.12%	0.13%
Datadog IncDDOG	VUG +0.01 points	0.26%	0.27%
Teradyne IncTER	VUG +0.01 points	0.18%	0.19%
HEICO CorpHEI.A	VUG +0.01 points	0.05%	0.06%
Hilton Worldwide Holdings IncHLT	Same weight	0.21%	0.21%
Targa Resources CorpTRGP	VUG +0.01 points	0.17%	0.18%
Rollins IncROL	Same weight	0.03%	0.03%
DoorDash IncDASH	VUG +0.01 points	0.20%	0.21%
Carvana CoCVNA	Same weight	0.13%	0.13%
Monolithic Power Systems IncMPWR	Same weight	0.19%	0.19%
Bloom Energy CorpBE	Same weight	0.23%	0.23%
HEICO CorpHEI	Same weight	0.04%	0.04%
Vertiv Holdings CoVRT	Same weight	0.27%	0.27%
AST SpaceMobile IncASTS	VUG +0.01 points	0.04%	0.05%
Texas Pacific Land CorpTPL	VONG +0.01 points	0.06%	0.05%
Airbnb IncABNB	Same weight	0.20%	0.20%

All 394 VONG 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.

VONG vs VUG Cost

Overpaying VONG vs VUG

$632

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

VONG 0.06%
$1,270
VUG 0.03%
$638

Amount$10,000

Years30 years

Cost over time

VONG 0.06%
VUG 0.03%
Overpaying

Year by year

Year	VONG	VUG	Overpaying
10	$110	$55	$55
20	$432	$216	$216
30	$1,270	$638	$632

Expense ratio

0.06%VONG
0.03%VUG, cheaper

VUG0.03%VONG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

VUG cheapest of 35 funds

VONG 9th cheapest of 35 funds

VONG vs VUG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): VONG 0.48%, better; VUG 0.41%
Payout (12M): VONG $0.58; VUG $0.35
Last payment: VONG $0.14; VUG $0.09
Ex-dividend: VONG Sep 23, 2026; VUG Sep 28, 2026
Paid on: VONG Sep 25, 2026; VUG Sep 30, 2026
Frequency: VONG Quarterly; VUG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VONGQuarterly · 39 paymentsAll VONG payments⁠

VUGQuarterly · 39 paymentsAll VUG payments⁠

VONG vs VUG Risk

Fall from peak · 5 years

VONG
VUG

Risk facts

VolatilityStd dev, 3 years: VONG 16.9%, betterVUG 17.3%
Return per unit of riskSharpe ratio, 3 years: VONG 1.02VUG 1.11, better
Worst fallMax drawdown, 5 years: VONG −32.7%, betterVUG −35.6%
Market sensitivityBeta, 5 years: VONG 1.16VUG 1.23; Market = 1

VONG 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, 2026VONGVUG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026VONGVUG
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
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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VONG vs VUG

In short

Stated mandate

Why people hold it