Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VIG vs VPU: how they differ
VIG and VPU hold 3% of their weight in the same names, and VIG returned more over the year.
Vanguard Dividend Appreciation Index Fund and Vanguard Utilities Index Fund.
What they hold in common
By the books each fund has filed, VIG and VPU hold 3% of their money in the same securities at the same weight.
| Holding | VIG | VPU |
|---|---|---|
| NextEra Energy Inc | 0.92% | 11.84% |
| American Electric Power Co Inc | 0.34% | 4.47% |
| Sempra | 0.28% | 3.85% |
| Entergy Corp | 0.24% | 3.22% |
| Xcel Energy Inc | 0.22% | 3.11% |
| Public Service Enterprise Group Inc | 0.18% | 2.60% |
| Atmos Energy Corp | 0.14% | 1.81% |
| DTE Energy Co | 0.14% | 1.96% |
| Ameren Corp | 0.14% | 1.93% |
| American Water Works Co Inc | 0.11% | 1.49% |
| CMS Energy Corp | 0.11% | 1.46% |
| NiSource Inc | 0.10% | 1.46% |
| Only in VIG | Only in VPU |
|---|---|
| Broadcom Inc 5.21% | Southern Co/The 6.70% |
| Apple Inc 4.10% | Duke Energy Corp 6.31% |
| Microsoft Corp 3.99% | Constellation Energy Corp 5.86% |
| JPMorgan Chase & Co 3.61% | Dominion Energy Inc 3.78% |
| Eli Lilly & Co 3.36% | Vistra Corp 3.59% |
| Exxon Mobil Corp 2.92% | Exelon Corp 3.05% |
| Walmart Inc 2.62% | Consolidated Edison Inc 2.52% |
| Johnson & Johnson 2.51% | WEC Energy Group Inc 2.39% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| VIG Vanguard Dividend Appreciation Index Fund | VPU Vanguard Utilities Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Dividend growth | Utilities |
| Total return, 1 year | +12.4% | +2.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −5.1 pts | −15.4 pts |
| Expense ratio | 0.04% | 0.09% |
| Already in the S&P 500 | 95.7% | 90.1% |
| Holdings | 332 | 66 |
VIG in plain words
VIG is an index equity fund tracking the Dividend growth. Over the year to Sep 11, 2026 it returned +12.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 332 positions, with the top ten at 32.7%.
VPU in plain words
VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, VIG or VPU?
- In the year to Sep 12, 2026, with distributions reinvested, VIG returned +12.4% and VPU returned +2.1%, so VIG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VIG or VPU?
- VIG charges 0.04% a year and VPU charges 0.09%, so VIG is cheaper. Fees come from each fund's prospectus.
- How much do VIG and VPU overlap with the S&P 500?
- By their latest filed holdings, 96% of VIG and 90% of VPU by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, VIG against VPU, data as of Sep 12, 2026. https://etfiq.com/compare/any/VIG-VPU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources