Data as of Oct 28, 2026.

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SPYG vs VUG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPYG returned +12.2% to VUG's +6.6%; 77% of their weight is in the same names.

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Net assets: $55.9bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 Growth ETF, and $232.9bn on Sep 30, 2026 for Vanguard Morningstar Growth ETF.

At a glance
+12.2%
SPYG total return, 1 year
+6.6%
VUG total return, 1 year
0.04%
SPYG expense ratio
0.03%
VUG expense ratio

Pair scorecard

VUG costs 0.01 points a year less; their one-year returns differ by 5.6 points; VUG is 4.1 times larger.

SPYG vs VUG: Differences, Returns & Fees
MeasureSPYGVUG
Return
Total return, 1 year+12.2%+6.6%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksS&P 500 Growth IndexMorningstar US Large Cap Growth Index
Cost and size
Expense ratio0.04%0.03%
Net assets, as of Sep 30, 2026$56.6bn$232.9bn
Holdings
Holdings in common77%
Top ten holdings, share of the fund59.6%63.1%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returns
SPYG VUG
Return
Total return edge VUG (slight) +1,181.7% +1,211.3%
Annualized edge Tie +11.8% +12.0%
Price return edge VUG (slight) +884.3% +938.6%
Risk
Volatility edge Tie 18.3% 18.6%
Max drawdown edge VUG (slight) −51.0% −49.9%
Risk-adjusted
Sharpe edge Tie 0.60 0.60
Sortino edge Tie 0.87 0.87
Calmar edge VUG (slight) 0.23 0.24
Reading

VUG returned slightly more: +1,211.3% to +1,181.7%. SPYG and VUG swung about the same: 18.3% and 18.6%. VUG fell slightly less at its worst: −49.9% to −51.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: SPYG vs VUG: Differences, Returns & Fees
MeasureSPYGVUGEdgeHow it is measured
Return
Total return+1,181.7%+1,211.3%VUG (slight)Price change plus distributions, reinvested.
Annualized+11.8%+12.0%TieTotal return as a yearly rate.
Price return+884.3%+938.6%VUG (slight)Price change alone, distributions left out.
Risk
Volatility18.3%18.6%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.7%12.8%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−51.0%−49.9%VUG (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.600.60TieReturn above Treasury bills per unit of volatility.
Sortino0.870.87TieReturn above Treasury bills per unit of downside deviation.
Calmar0.230.24VUG (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

77%

By the books each fund has filed, SPYG and VUG hold 77% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

77% in common

Positions both hold · largest shared weight first SPYG VUG
NVIDIA CORP 14.61% 13.49%
MICROSOFT CORP 10.93% 9.74%
APPLE INC 7.01% 12.51%
ALPHABET INC CL A 5.21% 5.16%
BROADCOM INC 4.51% 4.34%
ALPHABET INC CL C 4.17% 4.09%
META PLATFORMS INC CLASS A 3.79% 4.23%
AMAZON.COM INC 3.65% 4.26%
ELI LILLY + CO 2.84% 2.60%
ADVANCED MICRO DEVICES 2.53% 2.66%
TESLA INC 1.97% 2.65%
PALANTIR TECHNOLOGIES INC A 1.27% 1.10%
Only in one fund ↓
Only in SPYG
MICRON TECHNOLOGY INC 2.90%
BERKSHIRE HATHAWAY INC CL B 2.80%
JPMORGAN CHASE + CO 1.68%
JOHNSON + JOHNSON 1.06%
CATERPILLAR INC 0.91%
RTX CORP 0.73%
ABBVIE INC 0.65%
CISCO SYSTEMS INC 0.64%
Only in VUG
Intel Corp 1.45%
Costco Wholesale Corp 1.09%
Western Digital Corp 0.44%
Vertex Pharmaceuticals Inc 0.37%
Texas Instruments Inc 0.36%
Cloudflare Inc 0.33%
Snowflake Inc 0.32%
Starbucks Corp 0.30%
Check overlap with more funds →

Side by side

SPYG State Street SPDR Portfolio S&P 500 Growth ETF VUG Vanguard Morningstar Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 Growth Tracks an index of US growth
Total return, 1 year +12.2% +6.6%
Its benchmark over the same days +12.1% (IVW) not measured
Gap to its benchmark +0.1 pts vs IVW not measured
Expense ratio 0.04% 0.03%
Already in the S&P 500 100.0% 97.3%
Holdings 152 137
Net assets, SPYG as of Oct 27, 2026 and VUG as of Sep 30, 2026 $55.9bn $232.9bn

SPYG and VUG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-4617521C25

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

  1. What each follows. SPYG follows S&P 500 Growth Index and VUG follows Morningstar US Large Cap Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 SPYG returned +12.2% and VUG +6.6% with distributions reinvested, a gap of 5.6 points.
  3. Size. SPYG has $56.6bn in net assets and VUG $232.9bn (net assets, as of Sep 30, 2026); VUG is 4.1 times larger.

Data as of Oct 28, 2026.

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About each fund
SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

VUG

VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% 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%.

Questions people ask

Which returned more over the last year, SPYG or VUG?
In the year to Oct 28, 2026, with distributions reinvested, SPYG returned +12.2% and VUG +6.6%.
Which is cheaper, SPYG or VUG?
VUG is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPYG and VUG overlap with the S&P 500?
By their latest filed holdings, 100% of SPYG and 97% of VUG by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, SPYG against VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyg-vs-vug

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