VOO vs VUG: Grades, Fees and Holdings Compared

Vanguard S&P 500 ETF

VOOANYSE Arca

Vanguard Morningstar Growth ETF

VUGANYSE Arca

Overlap

58.3%by weight

Expense ratio

VOO0.03%VUG0.03%

Avg volume · 30D

VOO 1.1×the volume

VOO7.22MVUG6.32M

10Y return · a year

VUG +2.4pt

VOO+15.7%VUG+18.1%

VOO vs VUG Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%VOO+75.1%VUG

Expense ratio: VOO 0.03%; VUG 0.03%
Fund size: VOO $1.7T; VUG $392B
1Y total return: VOO +13.7%, better; VUG +6.6%
Yield (12M): VOO 1.05%, better; VUG 0.39%
Holdings: VOO 507; VUG 136
Avg volume (30D): VOO 7.22M sh, better; VUG 6.32M sh
NAV per share: VOO $707.53; VUG $88.44
52W range

ETF.net Grade

Pillar letters and Scores for VOO, VUG, with each pillar’s weight
Pillar	VOO	VUG
Cost30% weight	A84	A96
Mission25% weight	A100	A99
Risk15% weight	C51	C50
Tradability15% weight	C53	B65
Holdings10% weight	C41	D29
Durability5% weight	A93	A91

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

VOO ranks 3rd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74
Rank 4AUSPXFranklin U.S. Equity Index ETFScore 71

US Growth Index⁠

Category · 35 funds

See all 35 ›

VUG ranks 2nd of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 83
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 2AVUGVanguard Morningstar Growth ETFScore 78
Rank 5AILCGiShares Morningstar Growth ETFScore 77

Our read on each fund

ETF.net Research

VOOAVanguard S&P 500 ETF

VUGAVanguard Morningstar Growth ETF

In short

VOO Not a standalone ETF but a share class of Vanguard's flagship 500 Index Fund: the same roughly 500 large US companies, 0.03% a year, in a wrapper you can trade all day.

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

VOO The fund invests in stocks represented by the S&P 500 Index and seeks to closely track that index's return as a measure of overall U.S. stock performance.

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

Why people hold it

VOO 0.03% a year against a 0.15% median for S&P 500 trackers. On a fund this size, that fee gap is the whole product.
Holds the index outright, all roughly 500 names, and its tracking record sits among the tightest in the S&P 500 group.vanguard.com
One of the most actively traded ETFs in the market, which tends to keep the cost of getting in and out small.
It is the ETF share class of Vanguard's 500 Index Fund, and Vanguard is owned by its own funds, so no outside parent takes a cut.vanguard.com sec.gov

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

VOO Large US companies only, weighted by size, so the biggest few names carry the most weight and drive much of the move.spglobal.com
Membership is not purely mechanical: an S&P index committee decides which companies come in and go out.spglobal.com
SPYM tracks the same index for 0.02%. A rounding error for most, but real if cost is your only tiebreaker.

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 VOO profile⁠

Full VUG profile⁠

VOO vs VUG Holdings

Holdings as of Oct 27, 2026

How VOO and VUG differ

Overlap by weight

58.3%

Shared holdings make up 97.7% of VUG and 58.4% of VOO.

Level by level

Holdings114 in both58.3%
Sector11 Sectors74.4%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in VOO and VUG, widest gap first
Sector	More in VOOMore in VUG	VOO	VUG
Technology	VUG +19.7 points	40.5%	60.2%
Financials	VOO +7.2 points	11.1%	3.9%
Health Care	VOO +5.1 points	9.3%	4.2%
Communication	VUG +4.7 points	9.9%	14.7%
Industrials	VOO +3.2 points	7.5%	4.4%
Energy	VOO +3.1 points	3.4%	0.3%
Consumer Staples	VOO +3.0 points	4.3%	1.3%
Utilities	VOO +1.9 points	1.9%	0.0%
Materials	VOO +1.2 points	1.6%	0.4%
Consumer Discretionary	VUG +1.0 points	8.8%	9.8%
Real Estate	VOO +0.8 points	1.7%	0.9%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

VOO39.1%
VUG63.1%

Securities held

VOO506
VUG135

Asset class

VOO: Equity
VUG: Equity

Holdings

Only in VOO392
In both114
Only in VUG21

Only in VOO

392 securities, 41.8% of VOO by weight

Micron Technology Inc1.83%
Berkshire Hathaway Inc1.41%
JPMorgan Chase & Co1.34%
ExxonMobil Holdings Corp1.02%
Johnson & Johnson0.97%
Walmart Inc0.70%
AbbVie Inc0.70%
Cisco Systems Inc0.64%
Chevron Corp0.61%
Caterpillar Inc0.57%
Merck & Co Inc0.54%
Bank of America Corp0.54%
Procter & Gamble Co/The0.51%
Coca-Cola Co/The0.51%
UnitedHealth Group Inc0.50%
Philip Morris International Inc0.45%
Home Depot Inc/The0.43%
RTX Corp0.38%
Thermo Fisher Scientific Inc0.38%
Goldman Sachs Group Inc/The0.37%
Wells Fargo & Co0.37%
Amgen Inc0.35%
Morgan Stanley0.34%
Linde PLC0.33%
Citigroup Inc0.32%
International Business Machines Corp0.31%
QUALCOMM Inc0.30%
Analog Devices Inc0.29%
Verizon Communications Inc0.29%
Salesforce Inc0.29%
Gilead Sciences Inc0.28%
Walt Disney Co/The0.28%
PepsiCo Inc0.26%
Abbott Laboratories0.26%
Deere & Co0.26%
AT&T Inc0.25%
Eaton Corp PLC0.25%
Pfizer Inc0.25%
Union Pacific Corp0.25%
American Express Co0.24%
Charles Schwab Corp/The0.24%
NextEra Energy Inc0.24%
Blackrock Inc0.23%
ConocoPhillips0.23%
Uber Technologies Inc0.21%
Danaher Corp0.21%
Bristol-Myers Squibb Co0.19%
Prologis Inc0.19%
Newmont Corp0.18%
Progressive Corp/The0.18%

Only in VUG

21 securities, 2.4% of VUG by weight

Cloudflare Inc0.33%
Snowflake Inc0.32%
Space Exploration Technologies Corp0.26%
Astera Labs Inc0.18%
Rocket Lab Corp0.14%
Waste Connections Inc0.13%
CoreWeave Inc0.11%
Alnylam Pharmaceuticals Inc0.11%
Atlassian Corp0.10%
ROBLOX Corp0.10%
MongoDB Inc0.09%
Zscaler Inc0.09%
LPL Financial Holdings Inc0.09%
HEICO Corp0.06%
Insmed Inc0.06%
Tradeweb Markets Inc0.05%
AST SpaceMobile Inc0.05%
HEICO Corp0.04%
Cerebras Systems Inc0.04%
Symbotic Inc0.03%
Venture Global Inc0.03%

Weight gaps

The 100 widest of 114 Holdings in both funds.

Holding weights in VOO and VUG, widest gap first
Holding	More in VOOMore in VUG	VOO	VUG
Apple IncAAPL	VUG +5.12 points	7.39%	12.51%
NVIDIA CorpNVDA	VUG +5.09 points	8.40%	13.49%
Microsoft CorpMSFT	VUG +3.96 points	5.79%	9.75%
Alphabet IncGOOGL	VUG +2.09 points	3.07%	5.16%
Meta Platforms IncMETA	VUG +1.80 points	2.43%	4.23%
Broadcom IncAVGO	VUG +1.80 points	2.54%	4.34%
Alphabet IncGOOG	VUG +1.63 points	2.46%	4.09%
Eli Lilly & CoLLY	VUG +1.19 points	1.41%	2.60%
Advanced Micro Devices IncAMD	VUG +1.14 points	1.52%	2.66%
Tesla IncTSLA	VUG +1.13 points	1.52%	2.65%
Visa IncV	VUG +0.68 points	0.91%	1.59%
Amazon.com IncAMZN	VUG +0.54 points	3.72%	4.26%
Intel CorpINTC	VUG +0.54 points	0.91%	1.45%
Lam Research CorpLRCX	VUG +0.49 points	0.62%	1.11%
Mastercard IncMA	VUG +0.48 points	0.68%	1.16%
Applied Materials IncAMAT	VUG +0.48 points	0.62%	1.10%
Costco Wholesale CorpCOST	VUG +0.48 points	0.61%	1.09%
Palantir Technologies IncPLTR	VUG +0.45 points	0.65%	1.10%
Palo Alto Networks IncPANW	VUG +0.39 points	0.49%	0.88%
Netflix IncNFLX	VUG +0.34 points	0.44%	0.78%
KLA CorpKLAC	VUG +0.31 points	0.39%	0.70%
Sandisk CorpSNDK	VUG +0.31 points	0.39%	0.70%
GE Vernova IncGEV	VUG +0.31 points	0.38%	0.69%
Crowdstrike Holdings IncCRWD	VUG +0.30 points	0.41%	0.71%
Marvell Technology IncMRVL	VUG +0.29 points	0.35%	0.64%
Oracle CorpORCL	VUG +0.29 points	0.36%	0.65%
Arista Networks IncANET	VUG +0.28 points	0.32%	0.60%
Seagate Technology Holdings PLCSTX	VUG +0.26 points	0.32%	0.58%
Amphenol CorpAPH	VUG +0.25 points	0.32%	0.57%
Welltower IncWELL	VUG +0.21 points	0.25%	0.46%
TJX Cos Inc/TheTJX	VUG +0.19 points	0.22%	0.41%
Intuitive Surgical IncISRG	VUG +0.19 points	0.22%	0.41%
Western Digital CorpWDC	VUG +0.19 points	0.25%	0.44%
Boeing Co/TheBA	VUG +0.19 points	0.22%	0.41%
ServiceNow IncNOW	VUG +0.18 points	0.21%	0.39%
Vertex Pharmaceuticals IncVRTX	VUG +0.17 points	0.20%	0.37%
Booking Holdings IncBKNG	VUG +0.15 points	0.19%	0.34%
Fortinet IncFTNT	VUG +0.15 points	0.17%	0.32%
Corning IncGLW	VUG +0.15 points	0.19%	0.34%
Starbucks CorpSBUX	VUG +0.14 points	0.16%	0.30%
Equinix IncEQIX	VUG +0.14 points	0.15%	0.29%
Datadog IncDDOG	VUG +0.13 points	0.14%	0.27%
Quanta Services IncPWR	VUG +0.13 points	0.15%	0.28%
Cadence Design Systems IncCDNS	VUG +0.13 points	0.14%	0.27%
Lumentum Holdings IncLITE	VUG +0.13 points	0.13%	0.26%
Vertiv Holdings CoVRT	VUG +0.13 points	0.14%	0.27%
AppLovin CorpAPP	VUG +0.12 points	0.12%	0.24%
Howmet Aerospace IncHWM	VUG +0.12 points	0.14%	0.26%
Robinhood Markets IncHOOD	VUG +0.12 points	0.14%	0.26%
Synopsys IncSNPS	VUG +0.12 points	0.13%	0.25%
Bloom Energy CorpBE	VUG +0.11 points	0.12%	0.23%
Marriott International Inc/MDMAR	VUG +0.10 points	0.12%	0.22%
Motorola Solutions IncMSI	VUG +0.11 points	0.11%	0.22%
Hilton Worldwide Holdings IncHLT	VUG +0.10 points	0.11%	0.21%
DoorDash IncDASH	VUG +0.10 points	0.10%	0.21%
Ecolab IncECL	VUG +0.10 points	0.11%	0.21%
O'Reilly Automotive IncORLY	VUG +0.10 points	0.10%	0.21%
Teradyne IncTER	VUG +0.09 points	0.10%	0.19%
Airbnb IncABNB	VUG +0.10 points	0.10%	0.20%
Cintas CorpCTAS	VUG +0.10 points	0.10%	0.20%
Moody's CorpMCO	VUG +0.10 points	0.10%	0.20%
Monolithic Power Systems IncMPWR	VUG +0.09 points	0.10%	0.19%
Comfort Systems USA IncFIX	VUG +0.09 points	0.09%	0.18%
TransDigm Group IncTDG	VUG +0.09 points	0.09%	0.18%
WW Grainger IncGWW	VUG +0.09 points	0.08%	0.17%
Coherent CorpCOHR	VUG +0.08 points	0.09%	0.17%
Fastenal CoFAST	VUG +0.09 points	0.09%	0.18%
Targa Resources CorpTRGP	VUG +0.09 points	0.09%	0.18%
Monster Beverage CorpMNST	VUG +0.08 points	0.09%	0.17%
Ciena CorpCIEN	VUG +0.08 points	0.08%	0.16%
AutoZone IncAZO	VUG +0.08 points	0.07%	0.15%
Autodesk IncADSK	VUG +0.07 points	0.07%	0.14%
Take-Two Interactive Software IncTTWO	VUG +0.07 points	0.06%	0.13%
Veeva Systems IncVEEV	VUG +0.08 points	0.06%	0.14%
IDEXX Laboratories IncIDXX	VUG +0.07 points	0.06%	0.13%
Chipotle Mexican Grill IncCMG	VUG +0.07 points	0.06%	0.13%
Block IncXYZ	VUG +0.07 points	0.06%	0.13%
Coinbase Global IncCOIN	VUG +0.07 points	0.06%	0.13%
Carvana CoCVNA	VUG +0.06 points	0.07%	0.13%
Workday IncWDAY	VUG +0.06 points	0.06%	0.12%
Yum! Brands IncYUM	VUG +0.06 points	0.06%	0.12%
Mettler-Toledo International IncMTD	VUG +0.06 points	0.05%	0.11%
Dexcom IncDXCM	VUG +0.06 points	0.05%	0.11%
Old Dominion Freight Line IncODFL	VUG +0.06 points	0.05%	0.11%
Vulcan Materials CoVMC	VUG +0.06 points	0.05%	0.11%
Live Nation Entertainment IncLYV	VUG +0.06 points	0.04%	0.10%
MSCI IncMSCI	VUG +0.06 points	0.06%	0.12%
West Pharmaceutical Services IncWST	VUG +0.06 points	0.04%	0.10%
Axon Enterprise IncAXON	VUG +0.06 points	0.05%	0.11%
Super Micro Computer IncSMCI	VUG +0.05 points	0.04%	0.09%
VeriSign IncVRSN	VUG +0.06 points	0.03%	0.09%
Verisk Analytics IncVRSK	VUG +0.05 points	0.03%	0.08%
Ares Management CorpARES	VUG +0.05 points	0.04%	0.09%
Reddit IncRDDT	VUG +0.05 points	0.03%	0.08%
General Electric CoGE	VOO +0.04 points	0.49%	0.45%
SLBBH1142	VUG +0.04 points	<0.01%	0.04%
Las Vegas Sands CorpLVS	VUG +0.04 points	0.01%	0.05%
Fair Isaac CorpFICO	VUG +0.03 points	0.02%	0.05%
Texas Instruments IncTXN	VOO +0.03 points	0.39%	0.36%
TKO Group Holdings IncTKO	VUG +0.02 points	0.02%	0.04%

All 505 VOO 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.

VOO vs VUG Cost

Same expense ratio

$638

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

VOO 0.03%
$638
VUG 0.03%
$638

Amount$10,000

Years30 years

Cost over time

VOO 0.03%
VUG 0.03%

Year by year

Year	VOO	VUG
10	$55	$55
20	$216	$216
30	$638	$638

Expense ratio

0.03%VOO
0.03%VUG

Different Categories, so each fee sits in its own Category’s range.

VOO among 14 S&P 500 funds

VOO0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

VOO 2nd cheapest of 14 funds

VUG among 35 US Growth Index funds

VUG0.03%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

VUG cheapest of 35 funds

VOO vs VUG Dividends

Last 12 months to Oct 28, 2026

Yield (12M): VOO 1.05%, better; VUG 0.39%
Payout (12M): VOO $7.43; VUG $0.35
Last payment: VOO $1.82; VUG $0.09
Ex-dividend: VOO Sep 28, 2026; VUG Sep 28, 2026
Paid on: VOO Sep 30, 2026; VUG Sep 30, 2026
Frequency: VOO Quarterly; VUG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VOOQuarterly · 39 paymentsAll VOO payments⁠

VUGQuarterly · 39 paymentsAll VUG payments⁠

VOO vs VUG Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: VOO 12.4%, betterVUG 16.9%
Return per unit of riskSharpe ratio, 3 years: VOO 1.37, betterVUG 1.21
Worst fallMax drawdown, 5 years: VOO −24.5%, betterVUG −35.6%
Market sensitivityBeta, 5 years: VOO 1.01VUG 1.27; Market = 1

VOO and VUG in the news

All news⁠

Head-to-Head
Take VTI over VOO unless you already own the rest of the market
Oct 23, 2026VOO
Head-to-Head
VOO has kept about a tenth of a percentage point a year more of the S&P 500 than SPY
Oct 23, 2026VOO
Head-to-Head
VOO vs. VOOG: the S&P 500 fund is the better default
Oct 23, 2026VOO
Head-to-Head
VOO is the better core fund. QQQ only wins as a Nasdaq-100 bet
Oct 23, 2026VOO
Head-to-Head
VOO and IVV own the same S&P 500 stocks at the same fee
Oct 23, 2026VOO
New ETFs
GMO's ETF share class costs more than the fund's $35 million Class III shares
Oct 22, 2026VOO

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