Data as of Oct 28, 2026.

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VGSH vs VOOG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VGSH returned +1.7% to VOOG's +12.1%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $35.1bn for Vanguard Short-Term Treasury ETF and $27.8bn for Vanguard S&P 500 Growth ETF.

At a glance
+1.7%
VGSH total return, 1 year
+12.1%
VOOG total return, 1 year
0.03%
VGSH expense ratio
0.05%
VOOG expense ratio

Pair scorecard

VGSH costs 0.02 points a year less; their one-year returns differ by 10.4 points; VGSH is 1.3 times larger.

VGSH vs VOOG: Differences, Returns & Fees
MeasureVGSHVOOG
Return
Total return, 1 year+1.7%+12.1%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksBloomberg U.S. Treasury 1-3 Year IndexS&P 500 Growth Index
Cost and size
Expense ratio0.03%0.05%
Net assets, as of Sep 30, 2026$35.1bn$27.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight100%
Top ten holdings, share of the fund60.2%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
VGSH VOOG
Return
Total return edge VOOG +24.4% +1,043.0%
Annualized edge VOOG +1.4% +16.3%
Price return edge VOOG −4.9% +845.5%
Risk
Volatility edge VGSH 1.3% 17.5%
Max drawdown edge VGSH −5.5% −32.0%
Downside capture 96.0% 99.7%
Beta 0.98 1.00
Risk-adjusted
Sharpe edge VOOG −0.18 0.86
Sortino edge VOOG −0.27 1.28
Treynor −0.002 0.151
Calmar edge VOOG 0.25 0.51
Against the benchmark
Alpha 0.0% a year +0.1% a year
Alpha t-stat 0.22 0.33
Information ratio 0.07 0.06
Tracking error 0.3% 0.9%

Each against its own benchmark: VGSH against SCHO, Aug 13, 2010 to Oct 23, 2026; VOOG against IVW, Sep 17, 2010 to Oct 23, 2026.

Reading

VOOG returned more: +1,043.0% to +24.4%. VGSH swung less: 1.3% to 17.5%. VGSH fell less at its worst: −5.5% to −32.0%.

Full scorecard

19 measures, with how each is measured
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Risk and return: VGSH vs VOOG: Differences, Returns & Fees
MeasureVGSHVOOGEdgeHow it is measured
Return
Total return+24.4%+1,043.0%VOOGPrice change plus distributions, reinvested.
Annualized+1.4%+16.3%VOOGTotal return as a yearly rate.
Price return−4.9%+845.5%VOOGPrice change alone, distributions left out.
Risk
Volatility1.3%17.5%VGSHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.9%11.7%VGSHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−5.5%−32.0%VGSHDeepest fall from a high to the low after it.
Upside capture97.7%99.6%Share of its benchmark's rise caught in the weeks it rose.
Downside capture96.0%99.7%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.981.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.941.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe−0.180.86VOOGReturn above Treasury bills per unit of volatility.
Sortino−0.271.28VOOGReturn above Treasury bills per unit of downside deviation.
Treynor−0.0020.151Return above Treasury bills per unit of beta.
Calmar0.250.51VOOGAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkSCHOIVWThe ETF each fund is measured against.
Alpha0.0% a year+0.1% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.220.33Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.1% to +0.2%−0.4% to +0.5%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.070.06Return against its benchmark per unit of tracking error.
Tracking error0.3%0.9%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, VGSH and VOOG hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VGSH VOOG
MKTLIQ 0.20% 0.04%
Only in one fund ↓
Only in VGSH
United States Treasury Note/Bond 2.07%
United States Treasury Note/Bond 1.43%
United States Treasury Note/Bond 1.39%
United States Treasury Note/Bond 1.37%
United States Treasury Note/Bond 1.35%
United States Treasury Note/Bond 1.34%
United States Treasury Note/Bond 1.33%
United States Treasury Note/Bond 1.33%
Only in VOOG
NVIDIA Corp 15.01%
Microsoft Corp 10.34%
Apple Inc 6.60%
Alphabet Inc 5.48%
Broadcom Inc 4.54%
Alphabet Inc 4.39%
Meta Platforms Inc 4.34%
Amazon.com Inc 3.52%
Check overlap with more funds →

Side by side

VGSH Vanguard Short-Term Treasury ETF VOOG Vanguard S&P 500 Growth ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Short-Term Treasury Tracks the S&P 500 Growth
Total return, 1 year +1.7% +12.1%
Its benchmark over the same days +1.8% (SCHO) +12.1% (IVW)
Gap to its benchmark −0.1 pts vs SCHO 0.0 pts vs IVW
Expense ratio 0.03% 0.05%
Holdings 93 154
Net assets, as of Sep 30, 2026 $35.1bn $27.8bn

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

Client brief · page 1 of 2 Report BR-71DFAB867D

VGSH and VOOG do different jobs. What does each one do in a portfolio?

  1. What each follows. VGSH follows Bloomberg U.S. Treasury 1-3 Year Index and VOOG follows S&P 500 Growth Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VGSH returned +1.7% and VOOG +12.1% with distributions reinvested, a gap of 10.4 points.

Data as of Oct 28, 2026.

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About each fund
VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index. The prospectus expense ratio is 0.03% a year.

VOOG

VOOG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +12.1% 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 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VGSH or VOOG?
In the year to Oct 28, 2026, with distributions reinvested, VGSH returned +1.7% and VOOG +12.1%.
Which is cheaper, VGSH or VOOG?
VGSH is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, VGSH against VOOG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vgsh-vs-voog

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