Average Daily Volume
366.2K
Fund Overview
The Vanguard S&P 500 Growth ETF (VOOG) is an exchange-traded fund that seeks to track the performance of the S&P 500 Growth Index. This index comprises large-cap U.S. stocks that exhibit strong growth characteristics, such as earnings growth, sales growth, and price momentum. VOOG provides investors with exposure to high-growth companies within the S&P 500, including prominent names in technology, consumer discretionary, and healthcare sectors. The fund is passively managed, offering a low-cost way to invest in growth-oriented equities while maintaining diversification across industries. With its focus on growth stocks, VOOG is designed for investors seeking long-term capital appreciation.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 0.53 %
- Currency Hedged
-
No
- Portfolio Turnover
-
27 %
- Dividend Date
-
Why Invest in the VOOG ETF?
Potential Benefits
- Exposure to high-growth U.S. large-cap stocks, which have historically outperformed value stocks over long periods.
- Low expense ratio (0.10% as of 2025), making it a cost-effective option for growth-focused investors.
- Diversification across leading growth sectors like technology, healthcare, and consumer discretionary.
- Passive management strategy reduces turnover and aligns with long-term investment goals.
- Liquidity and transparency, as it tracks a well-known index and trades like a stock.
Potential Risks
- Growth stocks can be more volatile, especially during market downturns or rising interest rates.
- Concentration risk in top holdings, as large-cap growth stocks dominate the portfolio.
- Underperformance relative to value stocks during certain market cycles.
- Sector concentration in technology may expose investors to regulatory or competitive risks.
- Market-cap weighting means the largest companies have the most influence on performance.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+0.5%
|
-3.5%
|
-5.3%
|
+14.8%
|
+8.1%
|
-1.9%
|
-1.6%
|
+3.3%
|
+1.9%
|
+2.7%
|
-
|
-
|
| 2025 |
+2.6%
|
-2.9%
|
-8.2%
|
+1.9%
|
+9.6%
|
+6.4%
|
+3.6%
|
+0.8%
|
+5.3%
|
+3.4%
|
-1.0%
|
-0.2%
|
| 2024 |
+2.8%
|
+7.2%
|
+2.2%
|
-3.8%
|
+6.7%
|
+6.8%
|
-1.3%
|
+2.1%
|
+2.9%
|
-0.7%
|
+6.1%
|
+0.8%
|
| 2023 |
+5.6%
|
-2.0%
|
+5.9%
|
+1.5%
|
+2.6%
|
+6.2%
|
+3.1%
|
-0.7%
|
-4.8%
|
-2.5%
|
+8.8%
|
+3.8%
|
| 2022 |
-8.4%
|
-4.5%
|
+4.5%
|
-12.6%
|
-1.3%
|
-8.2%
|
+12.8%
|
-5.4%
|
-10.0%
|
+4.5%
|
+5.0%
|
-7.6%
|
| 2021 |
-0.6%
|
0.0%
|
+2.9%
|
+6.8%
|
-0.9%
|
+5.6%
|
+3.8%
|
+4.2%
|
-5.8%
|
+9.1%
|
+1.4%
|
+2.4%
|
| 2020 |
+2.3%
|
-6.9%
|
-10.1%
|
+14.2%
|
+5.9%
|
+4.1%
|
+7.2%
|
+9.5%
|
-4.7%
|
-2.9%
|
+9.8%
|
+3.8%
|
| 2019 |
+7.4%
|
+4.1%
|
+2.7%
|
+4.0%
|
-5.3%
|
+6.1%
|
+1.2%
|
-0.8%
|
+0.3%
|
+1.8%
|
+3.4%
|
+2.9%
|
| 2018 |
+7.2%
|
-2.1%
|
-2.9%
|
+0.2%
|
+4.4%
|
+0.5%
|
+3.4%
|
+4.9%
|
+0.7%
|
-8.1%
|
+1.4%
|
-8.5%
|
| 2017 |
+2.8%
|
+4.2%
|
+1.3%
|
+1.9%
|
+2.8%
|
-0.4%
|
+2.6%
|
+1.3%
|
+1.2%
|
+3.3%
|
+2.8%
|
+0.6%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
NVDA
|
NVIDIA CORP |
11.9 % |
|
AAPL
|
APPLE INC |
6.5 % |
|
MSFT
|
MICROSOFT CORP |
6.0 % |
|
META
|
META PLATFORMS INC CLASS A |
5.7 % |
|
AMZN
|
AMAZON.COM INC |
4.5 % |
|
GOOGL
|
ALPHABET INC CLASS A |
3.9 % |
|
AVGO
|
BROADCOM INC |
3.6 % |
|
GOOG
|
ALPHABET INC CLASS C |
3.2 % |
|
TSLA
|
TESLA INC |
3.2 % |
|
LLY
|
ELI LILLY AND CO |
2.8 % |
Top 10 holdings shown, out of 209 total holdings.
Related ETFs: VOOG vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
VOOG tracks the S&P 500 Growth Index, which selects stocks from the S&P 500 based on growth factors such as earnings growth, sales growth, and price momentum. The index is market-cap weighted, meaning larger companies have a greater influence on performance. The fund holds a diversified portfolio of U.S. large-cap growth stocks, primarily common equities, and is rebalanced quarterly to align with the index. Unlike actively managed funds, VOOG follows a passive strategy, minimizing turnover and trading costs. This approach aims to deliver returns that closely mirror the performance of the underlying index over time.
Frequently Asked Questions
What is the difference between VOOG and VOOV?
VOOG tracks the S&P 500 Growth Index, focusing on growth stocks, while VOOV tracks the S&P 500 Value Index, which invests in value-oriented stocks. Both are subsets of the S&P 500 but follow different investment styles.
Does VOOG pay dividends?
Yes, VOOG pays dividends, but growth stocks typically reinvest more of their earnings, so dividend yields are generally lower than those of value-oriented funds.
How often is VOOG rebalanced?
VOOG is rebalanced quarterly to align with the S&P 500 Growth Index, ensuring the portfolio maintains its growth characteristics.
Is VOOG a good long-term investment?
VOOG can be a good long-term investment for those seeking growth exposure, but performance depends on market conditions favoring growth stocks over value stocks.
Industry Overview
The Vanguard S&P 500 Growth ETF (VOOG) invests in the growth segment of the U.S. large-cap equity market. Growth stocks are typically characterized by higher earnings growth, revenue expansion, and strong price momentum. These companies often reinvest profits into innovation, expansion, or acquisitions rather than paying dividends. The growth investing theme has been particularly strong in sectors like technology, where companies such as Apple, Microsoft, and Amazon dominate. Investors in VOOG gain exposure to these market leaders while benefiting from the stability and liquidity of large-cap stocks. However, growth investing can be cyclical, performing best during periods of economic expansion and low interest rates.
Alternative Comparison
Compared to its peers, VOOG offers a competitive expense ratio (0.10%) versus similar growth ETFs like IVW (0.18%) and SPYG (0.04%). Unlike the Invesco QQQ Trust (QQQ), which tracks the Nasdaq-100 and has heavy tech exposure, VOOG provides broader sector diversification within the growth universe. Vanguard's Growth ETF (VUG) is another close competitor but includes mid-cap stocks, whereas VOOG focuses solely on large caps. Investors prioritizing pure large-cap growth exposure may find VOOG's S&P 500 focus more aligned with their objectives than broader growth ETFs.
Issuer Overview
Vanguard is one of the world's largest investment management companies, known for its low-cost index funds and ETFs. Founded by John C. Bogle in 1975, Vanguard pioneered the index investing approach, emphasizing low fees, broad diversification, and long-term performance. The company is structured as a client-owned mutual fund company, which aligns its interests with those of its investors. Vanguard's ETFs, including VOOG, are widely regarded for their transparency, tax efficiency, and investor-friendly policies.
Conclusion
The Vanguard S&P 500 Growth ETF (VOOG) is a compelling choice for investors seeking targeted exposure to high-growth U.S. large-cap stocks. With its low-cost structure, passive management approach, and diversification across leading growth sectors, VOOG offers a straightforward way to participate in the potential upside of growth-oriented companies. However, investors should be mindful of the inherent volatility and cyclicality of growth stocks. For those with a long-term horizon and a belief in the growth investing theme, VOOG represents a solid core holding within a diversified portfolio.
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