VOT vs VUG: Grades, Fees and Holdings Compared

Vanguard Morningstar Mid-Cap Growth ETF

VOTANYSE Arca

Vanguard Morningstar Growth ETF

VUGANYSE Arca

Overlap

10.3%by weight

Expense ratio

VUG −0.02pt a year

VOT0.05%VUG0.03%

Avg volume · 30D

VUG 31.0×the volume

VOT204KVUG6.32M

10Y return · a year

VUG +6.0pt

VOT+11.6%VUG+17.6%

VOT vs VUG Performance

Oct 29, 2021 – Oct 30, 2026

+15.5%VOT+67.0%VUG

Expense ratio: VOT 0.05%; VUG 0.03%, better
Fund size: VOT $33.2B; VUG $392B
1Y total return: VOT −1.2%; VUG +2.7%, better
Yield (12M): VOT 0.62%, better; VUG 0.41%
Holdings: VOT 123; VUG 136
Avg volume (30D): VOT 204K sh; VUG 6.32M sh, better
NAV per share: VOT $286.95; VUG $85.06
52W range

ETF.net Grade

Pillar letters and Scores for VOT, VUG, with each pillar’s weight
Pillar	VOT	VUG
Cost30% weight	A78	A96Higher
Mission25% weight	A97	A99Higher
Risk15% weight	C49	C49
Tradability15% weight	D39	B65Higher
Holdings10% weight	A72Higher	D29
Durability5% weight	A79	A91Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. VOT 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 VOT 7th 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 7AVOTVanguard Morningstar Mid-Cap Growth ETFScore 71
Rank 8ASFYSoFi Select 500 ETFScore 69

Our read on each fund

ETF.net Research

VOTAVanguard Morningstar Mid-Cap Growth ETF

VUGAVanguard Morningstar Growth ETF

In short

VOT Mid-caps are the market's forgotten middle: too big for small-cap funds, too small for the S&P 500. VOT buys the growth half of that gap for five basis points, a fraction of what the typical factor fund charges.

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

VOT The ETF is designed to follow the CRSP US Mid Cap Growth Index, a passive benchmark for U.S. mid-capitalization growth companies.

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

Why people hold it

VOT 0.05% a year, against a 0.32% median for its peer group. Roughly one-sixth the going rate for a factor fund.
Live since 2006 and now a multi-tens-of-billions fund, it stands among the strongest overall packages in its peer group.
Its ETF shares are one class of Vanguard's underlying mid-cap growth index fund, so ETF and mutual fund holders sit on the same portfolio.sec.gov
Rules-based, not manager-picked: roughly 130 U.S. mid-cap growth names chosen by index, with no stock-picking discretion.vanguard.com

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

VOT Mid-cap growth is a bumpier ride. On measured volatility this sits among the more turbulent funds in its cohort.
Roughly 130 stocks, so the largest names carry real weight. This is one slice of the market, not the whole thing.
It pays quarterly, but a growth mandate is not an income mandate.

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 VOT profile⁠

Full VUG profile⁠

VOT vs VUG Holdings

How VOT and VUG differ

Overlap by weight

10.3%

Shared holdings make up 74.1% of VOT and 10.3% of VUG.

Level by level

Holdings78 in both10.3%
Sector11 Sectors58.8%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in VOT and VUG, widest gap first
Sector	More in VOTMore in VUG	VOT	VUG
Technology	VUG +28.7 points	31.5%	60.2%
Industrials	VOT +21.0 points	25.4%	4.4%
Communication	VUG +12.0 points	2.7%	14.7%
Health Care	VOT +5.6 points	9.8%	4.2%
Real Estate	VOT +3.2 points	4.0%	0.9%
Utilities	VOT +3.1 points	3.1%	0.0%
Consumer Discretionary	VOT +2.9 points	12.7%	9.8%
Financials	VOT +2.9 points	6.8%	3.9%
Energy	VOT +1.4 points	1.7%	0.3%
Materials	VOT +1.0 points	1.4%	0.4%
Consumer Staples	VUG +0.5 points	0.8%	1.3%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

VOT21.2%
VUG63.1%

Securities held

VOT118
VUG135

Asset class

VOT: Equity
VUG: Equity

Holdings

Only in VOT40
In both78
Only in VUG57

Only in VOT

40 securities, 25.9% of VOT by weight

Constellation Energy Corp2.02%
Ross Stores Inc1.77%
AMETEK Inc1.34%
Realty Income Corp1.21%
Edwards Lifesciences Corp1.18%
Agilent Technologies Inc1.15%
Garmin Ltd1.11%
Vistra Corp1.10%
Microchip Technology Inc1.00%
Republic Services Inc0.99%
Paychex Inc0.75%
Iron Mountain Inc0.74%
Keysight Technologies Inc0.73%
Expedia Group Inc0.71%
Teledyne Technologies Inc0.66%
Extra Space Storage Inc0.66%
Honeywell Aerospace Inc0.58%
Corpay Inc0.57%
Rockwell Automation Inc0.57%
Xylem Inc/NY0.56%
Ulta Beauty Inc0.55%
Veralto Corp0.54%
Copart Inc0.54%
Church & Dwight Co Inc0.53%
Rocket Cos Inc0.52%
Brown & Brown Inc0.41%
Equifax Inc0.38%
Carnival Corp Ltd0.36%
ON Semiconductor Corp0.35%
Ingersoll Rand Inc0.34%
Zoetis Inc0.31%
Apollo Global Management Inc0.28%
Estee Lauder Cos Inc/The0.27%
Steris PLC0.24%
Markel Group Inc0.24%
Broadridge Financial Solutions Inc0.22%
SLCMT11420.16%
Qnity Electronics Inc0.16%
Hubbell Inc0.14%
Lululemon Athletica Inc0.00%

Only in VUG

57 securities, 89.8% of VUG by weight

NVIDIA Corp13.49%
Apple Inc12.51%
Microsoft Corp9.75%
Alphabet Inc5.16%
Broadcom Inc4.34%
Amazon.com Inc4.26%
Meta Platforms Inc4.23%
Alphabet Inc4.09%
Advanced Micro Devices Inc2.66%
Tesla Inc2.65%
Eli Lilly & Co2.60%
Visa Inc1.59%
Intel Corp1.45%
Mastercard Inc1.16%
Lam Research Corp1.11%
Palantir Technologies Inc1.10%
Applied Materials Inc1.10%
Costco Wholesale Corp1.09%
Palo Alto Networks Inc0.88%
Netflix Inc0.78%
Crowdstrike Holdings Inc0.71%
KLA Corp0.70%
Sandisk Corp0.70%
GE Vernova Inc0.69%
Oracle Corp0.65%
Marvell Technology Inc0.64%
Arista Networks Inc0.60%
Seagate Technology Holdings PLC0.58%
Amphenol Corp0.57%
Welltower Inc0.46%
General Electric Co0.45%
Western Digital Corp0.44%
TJX Cos Inc/The0.41%
Boeing Co/The0.41%
Intuitive Surgical Inc0.41%
ServiceNow Inc0.39%
Vertex Pharmaceuticals Inc0.37%
Texas Instruments Inc0.36%
Booking Holdings Inc0.34%
Corning Inc0.34%
Starbucks Corp0.30%
Equinix Inc0.29%
Cadence Design Systems Inc0.27%
Space Exploration Technologies Corp0.26%
Synopsys Inc0.25%
AppLovin Corp0.24%
McDonald's Corp0.24%
Dell Technologies Inc0.23%
Marriott International Inc/MD0.22%
Ecolab Inc0.21%

Weight gaps

All 78 Holdings in both funds, largest gap first.

Holding weights in VOT and VUG, widest gap first
Holding	More in VOTMore in VUG	VOT	VUG
Cloudflare IncNET	VOT +2.32 points	2.65%	0.33%
Quanta Services IncPWR	VOT +2.00 points	2.28%	0.28%
Vertiv Holdings CoVRT	VOT +1.93 points	2.20%	0.27%
Datadog IncDDOG	VOT +1.90 points	2.17%	0.27%
Howmet Aerospace IncHWM	VOT +1.87 points	2.13%	0.26%
Robinhood Markets IncHOOD	VOT +1.84 points	2.10%	0.26%
Lumentum Holdings IncLITE	VOT +1.80 points	2.06%	0.26%
Bloom Energy CorpBE	VOT +1.60 points	1.83%	0.23%
Motorola Solutions IncMSI	VOT +1.52 points	1.74%	0.22%
Royal Caribbean Cruises LtdRCL	VOT +1.48 points	1.60%	0.12%
Hilton Worldwide Holdings IncHLT	VOT +1.48 points	1.69%	0.21%
DoorDash IncDASH	VOT +1.48 points	1.69%	0.21%
Monolithic Power Systems IncMPWR	VOT +1.30 points	1.49%	0.19%
Teradyne IncTER	VOT +1.29 points	1.48%	0.19%
TransDigm Group IncTDG	VOT +1.23 points	1.41%	0.18%
Comfort Systems USA IncFIX	VOT +1.20 points	1.38%	0.18%
Targa Resources CorpTRGP	VOT +1.19 points	1.37%	0.18%
Fastenal CoFAST	VOT +1.16 points	1.34%	0.18%
Coherent CorpCOHR	VOT +1.16 points	1.33%	0.17%
WW Grainger IncGWW	VOT +1.15 points	1.32%	0.17%
Astera Labs IncALAB	VOT +1.13 points	1.31%	0.18%
Ciena CorpCIEN	VOT +1.02 points	1.18%	0.16%
Snowflake IncSNOW	VOT +1.00 points	1.32%	0.32%
Fortinet IncFTNT	VOT +1.00 points	1.32%	0.32%
Ventas IncVTR	VOT +0.95 points	1.03%	0.08%
AutoZone IncAZO	VOT +0.94 points	1.09%	0.15%
Waters CorpWAT	VOT +0.94 points	1.02%	0.08%
Autodesk IncADSK	VOT +0.90 points	1.04%	0.14%
Carvana CoCVNA	VOT +0.88 points	1.01%	0.13%
Rocket Lab CorpRKLB	VOT +0.85 points	0.99%	0.14%
Veeva Systems IncVEEV	VOT +0.84 points	0.98%	0.14%
IDEXX Laboratories IncIDXX	VOT +0.84 points	0.97%	0.13%
Chipotle Mexican Grill IncCMG	VOT +0.83 points	0.96%	0.13%
Block IncXYZ	VOT +0.81 points	0.94%	0.13%
Coinbase Global IncCOIN	VOT +0.80 points	0.93%	0.13%
Waste Connections IncWCN	VOT +0.79 points	0.92%	0.13%
Take-Two Interactive Software IncTTWO	VOT +0.79 points	0.92%	0.13%
Workday IncWDAY	VOT +0.76 points	0.88%	0.12%
Yum! Brands IncYUM	VOT +0.76 points	0.88%	0.12%
MSCI IncMSCI	VOT +0.71 points	0.83%	0.12%
CoreWeave IncCRWV	VOT +0.69 points	0.80%	0.11%
ResMed IncRMD	VOT +0.68 points	0.75%	0.07%
Alnylam Pharmaceuticals IncALNY	VOT +0.67 points	0.78%	0.11%
Axon Enterprise IncAXON	VOT +0.66 points	0.77%	0.11%
Dexcom IncDXCM	VOT +0.66 points	0.77%	0.11%
Old Dominion Freight Line IncODFL	VOT +0.66 points	0.77%	0.11%
Vulcan Materials CoVMC	VOT +0.64 points	0.75%	0.11%
Martin Marietta Materials IncMLM	VOT +0.62 points	0.68%	0.06%
Mettler-Toledo International IncMTD	VOT +0.61 points	0.72%	0.11%
Cintas CorpCTAS	VOT +0.58 points	0.78%	0.20%
Atlassian CorpTEAM	VOT +0.57 points	0.67%	0.10%
ROBLOX CorpRBLX	VOT +0.54 points	0.64%	0.10%
MongoDB IncMDB	VOT +0.54 points	0.63%	0.09%
West Pharmaceutical Services IncWST	VOT +0.52 points	0.62%	0.10%
Ares Management CorpARES	VOT +0.49 points	0.58%	0.09%
LPL Financial Holdings IncLPLA	VOT +0.48 points	0.57%	0.09%
Live Nation Entertainment IncLYV	VOT +0.48 points	0.58%	0.10%
VeriSign IncVRSN	VOT +0.45 points	0.54%	0.09%
Super Micro Computer IncSMCI	VOT +0.44 points	0.53%	0.09%
Verisk Analytics IncVRSK	VOT +0.44 points	0.52%	0.08%
Zscaler IncZS	VOT +0.41 points	0.50%	0.09%
Flex LtdFLEX	VOT +0.40 points	0.48%	0.08%
Reddit IncRDDT	VOT +0.39 points	0.47%	0.08%
SBA Communications CorpSBAC	VOT +0.36 points	0.40%	0.04%
HEICO CorpHEI.A	VOT +0.35 points	0.41%	0.06%
HEICO CorpHEI	VOT +0.26 points	0.30%	0.04%
Fair Isaac CorpFICO	VOT +0.24 points	0.29%	0.05%
Insmed IncINSM	VOT +0.23 points	0.29%	0.06%
Tradeweb Markets IncTW	VOT +0.22 points	0.27%	0.05%
Texas Pacific Land CorpTPL	VOT +0.20 points	0.25%	0.05%
Las Vegas Sands CorpLVS	VOT +0.18 points	0.23%	0.05%
First Solar IncFSLR	VOT +0.16 points	0.21%	0.05%
AST SpaceMobile IncASTS	VOT +0.15 points	0.20%	0.05%
Cerebras Systems IncCBRS	VOT +0.09 points	0.13%	0.04%
TKO Group Holdings IncTKO	VOT +0.08 points	0.12%	0.04%
Rollins IncROL	VOT +0.08 points	0.11%	0.03%
Venture Global IncVG	VOT +0.02 points	0.05%	0.03%
Symbotic IncSYM	VOT +0.01 points	0.04%	0.03%

All 133 VOT 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.

VOT vs VUG Cost

Overpaying VOT vs VUG

$422

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

VOT 0.05%
$1,060
VUG 0.03%
$638

Amount$10,000

Years30 years

Cost over time

VOT 0.05%
VUG 0.03%
Overpaying

Year by year

Year	VOT	VUG	Overpaying
10	$92	$55	$37
20	$360	$216	$144
30	$1,060	$638	$422

Expense ratio

0.05%VOT
0.03%VUG, cheaper

VUG0.03%VOT0.05%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

VUG cheapest of 35 funds

VOT 5th cheapest of 35 funds

VOT vs VUG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): VOT 0.62%, better; VUG 0.41%
Payout (12M): VOT $1.78; VUG $0.35
Last payment: VOT $0.39; VUG $0.09
Ex-dividend: VOT Sep 28, 2026; VUG Sep 28, 2026
Paid on: VOT Sep 30, 2026; VUG Sep 30, 2026
Frequency: VOT Quarterly; VUG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VOTQuarterly · 39 paymentsAll VOT payments⁠

VUGQuarterly · 39 paymentsAll VUG payments⁠

VOT vs VUG Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: VOT 16.7%, betterVUG 17.3%
Return per unit of riskSharpe ratio, 3 years: VOT 0.75VUG 1.11, better
Worst fallMax drawdown, 5 years: VOT −37.2%VUG −35.6%, better
Market sensitivityBeta, 5 years: VOT 1.16VUG 1.23; Market = 1

VOT 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, 2026VOTVUG
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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