PWB vs VUG: Differences, Returns & Fees
PWB and VUG hold 43% of their weight in the same names, and PWB returned +20.2% over the year. Net assets: $2.6bn on Oct 20, 2026 for Invesco Large Cap Growth ETF, and $232.9bn on Sep 30, 2026 for Vanguard Morningstar Growth ETF.
VUG costs 0.52 points a year less; their one-year returns differ by 10.0 points.
| PWB | VUG | |
|---|---|---|
| Expense ratio | 0.55% | 0.03% |
| Net assets, PWB as of Oct 20, 2026 and VUG as of Sep 30, 2026 | $2.6bn | $232.9bn |
| Total return, 1 year | +20.2% | +10.2% |
| What it tracks | Dynamic Large Cap Growth Intellidex Index | Morningstar US Large Cap Growth Index |
| Holdings in common | 43% | |
| Top ten holdings, share of the fund | 36.0% | 63.1% |
| Below its high | 8.9%, high on Jun 22, 2026 | 4.3%, high on Oct 6, 2026 |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 19, 2026.
PWB and VUG are built for the same job. How do they differ in cost, holdings and results?
- What each follows. PWB follows Dynamic Large Cap Growth Intellidex Index and VUG follows Morningstar US Large Cap Growth Index.
- Holdings in common. 43% of the weight is in the same securities (holdings dated Oct 19, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 PWB returned +20.2% and VUG +10.2% with distributions reinvested, a gap of 10.0 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, PWB and VUG hold 43% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 19, 2026.
half
43% in common
On the same fields
PWB and VUG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About VUG
VUG tracks an index of US growth. Over the year to Oct 20, 2026 it returned +10.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 137 positions, with the top ten at 63.1%. It sat 4.3% below its high of Oct 6, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, PWB or VUG?
- In the year to Oct 20, 2026, with distributions reinvested, PWB returned +20.2% and VUG +10.2%.
- Which is cheaper, PWB or VUG?
- VUG is cheaper, by 0.52 percentage points a year. That is about $52 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, PWB against VUG, data as of Oct 20, 2026. https://etfiq.com/compare/any/pwb-vs-vug
ETFIQ. (Oct 20, 2026). PWB against VUG. Retrieved from https://etfiq.com/compare/any/pwb-vs-vug
[PWB against VUG (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/pwb-vs-vug)
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