NULG vs VOOG: Differences, Returns & Fees

NULG and VOOG hold 35% of their weight in the same names, and VOOG returned +15.8% over the year. Net assets: $2.7bn on Jul 31, 2026 for Nuveen ESG Large-Cap Growth ETF, and $27.8bn on Sep 30, 2026 for Vanguard S&P 500 Growth ETF.

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VOOG costs 0.21 points a year less; their one-year returns differ by 4.3 points.

NULG vs VOOG: Differences, Returns & Fees
NULGVOOG
Expense ratio0.26%0.05%
Net assets, NULG as of Jul 31, 2026 and VOOG as of Sep 30, 2026$2.7bn$27.8bn
Total return, 1 year+11.5%+15.8%
What it tracksNuveen ESG USA Large-Cap Growth IndexS&P 500 Growth Index
Holdings in common35%
Top ten holdings, share of the fund44.0%60.2%
Below its high6.1%, high on Aug 13, 20264.2%, high on Oct 6, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026.

+11.5%
NULG total return, 1 year
+15.8%
VOOG total return, 1 year
0.26%
NULG expense ratio
0.05%
VOOG expense ratio

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Client brief · page 1 of 2Report BR-4CE98F39B3

NULG and VOOG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. NULG follows Nuveen ESG USA Large-Cap Growth Index and VOOG follows S&P 500 Growth Index.
  2. Holdings in common. 35% of the weight is in the same securities (holdings dated Jul 31, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 NULG returned +11.5% and VOOG +15.8% with distributions reinvested, a gap of 4.3 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, NULG and VOOG hold 35% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.

half

35% in common

Positions both hold, largest shared weight first
Holding NULG VOOG
NVIDIA Corp 14.91% 15.01%
Broadcom Inc 6.36% 4.54%
Advanced Micro Devices Inc 3.69% 2.71%
Eli Lilly & Co 4.10% 2.51%
Lam Research Corp 2.38% 1.12%
Applied Materials Inc 2.69% 1.10%
Caterpillar Inc 2.27% 1.01%
Visa Inc 3.17% 0.91%
Netflix Inc 1.86% 0.79%
GE Vernova Inc 1.97% 0.69%
Palo Alto Networks Inc 2.46% 0.49%
Welltower Inc 1.78% 0.45%
Only in NULG
Western Digital Corp 2.00%
MercadoLibre Inc 1.67%
Vertex Pharmaceuticals Inc 1.50%
Chipotle Mexican Grill Inc 1.28%
Analog Devices Inc 1.25%
Sherwin-Williams Co 1.19%
Keysight Technologies Inc 1.06%
Ecolab Inc 1.05%
Only in VOOG
Microsoft Corp 10.34%
Apple Inc 6.60%
Alphabet Inc 5.48%
Alphabet Inc 4.39%
Meta Platforms Inc 4.34%
Amazon.com Inc 3.52%
Micron Technology Inc 3.27%
Berkshire Hathaway Inc 2.52%

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On the same fields

NULG
Nuveen ESG Large-Cap Growth ETF
VOOG
Vanguard S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the S&P 500 Growth
Total return, 1 year +11.5% +15.8%
Its benchmark over the same days +15.5% (MLRG) +15.7% (IVW)
Gap to its benchmark −4.1 pts vs MLRG +0.1 pts vs IVW
Expense ratio 0.26% 0.05%
Already in the S&P 500 93.8% 99.8%
Holdings 69 154
Net assets, NULG as of Jul 31, 2026 and VOOG as of Sep 30, 2026 $2.7bn $27.8bn

NULG and VOOG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About NULG

NULG tracks an index. Over the year to Oct 20, 2026 it returned +11.5% with distributions reinvested, against +15.5% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.26% a year. By its holdings filed for Jul 31, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 44.0%. It sat 6.1% below its high of Aug 13, 2026 on Oct 20, 2026.

About VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 20, 2026 it returned +15.8% with distributions reinvested, against +15.7% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 154 positions, with the top ten at 60.2%. It sat 4.2% below its high of Oct 6, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, NULG or VOOG?
In the year to Oct 20, 2026, with distributions reinvested, NULG returned +11.5% and VOOG +15.8%.
Which is cheaper, NULG or VOOG?
VOOG is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do NULG and VOOG overlap with the S&P 500?
By their latest filed holdings, 94% of NULG and 100% of VOOG by weight is stocks the S&P 500 already holds.
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ETFIQ, NULG against VOOG, data as of Oct 20, 2026. https://etfiq.com/compare/any/nulg-vs-voog

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.