Data as of Oct 28, 2026.

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VOO vs VUG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VOO returned +13.7% to VUG's +6.6%; 58% of their weight is in the same names.

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Net assets on Sep 30, 2026: $1.0tn for Vanguard S&P 500 ETF and $232.9bn for Vanguard Morningstar Growth ETF.

At a glance
+13.7%
VOO total return, 1 year
+6.6%
VUG total return, 1 year
0.03%
VOO expense ratio
0.03%
VUG expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 7.1 points; VOO is 4.3 times larger.

Points (pts) are percentage points.

VOO vs VUG: Differences, Returns & Fees
MeasureVOOVUG
Return
Total return, 1 year+13.7%+6.6%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksS&P 500 IndexMorningstar US Large Cap Growth Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$1.0tn$232.9bn
Holdings
Holdings in common58%
Top ten holdings, share of the fund39.1%63.1%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
VOO VUG
Return
Total return edge VUG +804.0% +1,035.7%
Annualized edge VUG +14.6% +16.2%
Price return edge VUG +575.9% +865.6%
Risk
Volatility edge VOO 15.9% 18.3%
Max drawdown edge VOO −31.8% −35.6%
Risk-adjusted
Sharpe edge Tie 0.84 0.83
Sortino edge Tie 1.22 1.23
Calmar edge Tie 0.46 0.46
Reading

VUG returned more: +1,035.7% to +804.0%. VOO swung less: 15.9% to 18.3%. VOO fell less at its worst: −31.8% to −35.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VOO vs VUG: Differences, Returns & Fees
MeasureVOOVUGEdgeHow it is measured
Return
Total return+804.0%+1,035.7%VUGPrice change plus distributions, reinvested.
Annualized+14.6%+16.2%VUGTotal return as a yearly rate.
Price return+575.9%+865.6%VUGPrice change alone, distributions left out.
Risk
Volatility15.9%18.3%VOOSpread of weekly returns, annualized. Lower is steadier.
Downside deviation10.9%12.3%VOOLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.8%−35.6%VOODeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.840.83TieReturn above Treasury bills per unit of volatility.
Sortino1.221.23TieReturn above Treasury bills per unit of downside deviation.
Calmar0.460.46TieAnnualized return divided by the max drawdown.

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

58%

By the books each fund has filed, VOO and VUG hold 58% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

58% in common

Positions both hold · largest shared weight first VOO VUG
NVIDIA Corp 8.40% 13.49%
Apple Inc 7.39% 12.51%
Microsoft Corp 5.79% 9.74%
Amazon.com Inc 3.72% 4.26%
Alphabet Inc 3.07% 5.16%
Broadcom Inc 2.54% 4.34%
Alphabet Inc 2.46% 4.09%
Meta Platforms Inc 2.43% 4.23%
Tesla Inc 1.52% 2.65%
Advanced Micro Devices Inc 1.52% 2.66%
Eli Lilly & Co 1.41% 2.60%
Visa Inc 0.91% 1.59%
Only in one fund ↓
Only in VOO
Micron Technology Inc 1.83%
Berkshire Hathaway Inc 1.41%
JPMorgan Chase & Co 1.34%
ExxonMobil Holdings Corp 1.02%
Johnson & Johnson 0.97%
Walmart Inc 0.70%
AbbVie Inc 0.70%
Cisco Systems Inc 0.65%
Only in VUG
Cloudflare Inc 0.33%
Snowflake Inc 0.32%
Space Exploration Technologies Corp 0.26%
Astera Labs Inc 0.18%
Rocket Lab Corp 0.14%
Waste Connections Inc 0.13%
CoreWeave Inc 0.12%
Alnylam Pharmaceuticals Inc 0.11%
Check overlap with more funds →

Side by side

VOO Vanguard S&P 500 ETF VUG Vanguard Morningstar Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 Tracks an index of US growth
Total return, 1 year +13.7% +6.6%
Its benchmark over the same days +13.7% (IVV) not measured
Gap to its benchmark 0.0 pts vs IVV not measured
Expense ratio 0.03% 0.03%
Already in the S&P 500 99.7% 97.3%
Holdings 507 137
Net assets, as of Sep 30, 2026 $1.0tn $232.9bn

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

Client brief · page 1 of 2 Report BR-21CA227957

VOO and VUG do different jobs. What does each one do in a portfolio?

  1. What each follows. VOO follows S&P 500 Index and VUG follows Morningstar US Large Cap Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 VOO returned +13.7% and VUG +6.6% with distributions reinvested, a gap of 7.1 points.
  3. Number of holdings. VOO holds 507 positions and VUG holds 137.

Data as of Oct 28, 2026.

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About each fund
VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% 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 507 positions, with the top ten at 39.1%.

VUG

VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% with distributions reinvested. 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 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VOO or VUG?
In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and VUG +6.6%.
Which is cheaper, VOO or VUG?
Neither: VOO and VUG both charge 0.03% a year. Fees come from each fund's prospectus.
How much do VOO and VUG overlap with the S&P 500?
By their latest filed holdings, 100% of VOO and 97% of VUG by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, VOO against VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/voo-vs-vug

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