At a glance
VGT charges 0.09% a year, below the 0.36% average of the 8 funds most like it (the 3rd cheapest of 9). It has $170.66B in assets, the largest of that group; it paid 0.96% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +19.7% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds; over three years it returned +33.3% a year. At its worst it fell 34.5% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 9 months after the low. Its ten largest positions make up 62.5% of the fund, out of 318 in all.
The short version
Vanguard Information Technology ETF (VGT) is an index fund tracking the MSCI US Investable Market Index (IMI)/Information Technology 25/50, with 318 holdings in large, mid-size and small US tech companies as of August 31, 2026. Its 0.09% expense ratio (yearly fee) is well below the 0.36% average for similar funds, though FTEC and XLK charge slightly less. The catch is concentration: NVIDIA, Apple and Microsoft led a top 10 worth 62.5% of assets.
Price history
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VGT +19.7% over the year to Oct 30, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| VGT official prospectus, to Dec 31, 2024 | — | +29.27% | — | +21.44% | +20.75% | — |
| VGT price data to Oct 30, 2026 | +25.5% | +19.7% | +33.3% | +17.5% | — | +22.8% |
- Over the year to Oct 30, 2026, VGT returned +19.7%, 6th of 9 among similar funds.
- Its 5-year annualized return was +17.5%.
- Its worst full calendar year was 2022 (-29.7%); its best was 2023 (+52.6%).
- The deepest fall in its price history was 35.1% (Dec 27, 2021 to Oct 14, 2022), recovered by Nov 20, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +25.5% | — |
| 2025 | +21.8% | — |
| 2024 | +29.3% | +29.27% |
| 2023 | +52.6% | +52.67% |
| 2022 | -29.7% | -29.67% |
| 2021 | +30.4% | +30.38% |
| 2020 | — | +45.94% |
| 2019 | — | +48.68% |
| 2018 | — | +2.52% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Jun 2, 2020 |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 34.5% over that stretch · deepest drop along the way 34.5%, back to its old high 9.2 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.0300 | |
| 2025 | $0.3812 | -18.0% |
| 2024 | $0.4650 | +19.2% |
| 2023 | $0.3900 | +7.2% |
| 2022 | $0.3638 | -0.7% |
| 2021 | $0.3662 |
What's inside
As of Aug 31, 2026, the fund held 318 securities; the ten largest made up 62.5% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 17.77% | |
| Apple Inc | 15.83% | |
| Microsoft Corp | 11.32% | |
| Micron Technology Inc | 4.19% | |
| Broadcom Inc | 4.05% | |
| Advanced Micro Devices Inc | 2.96% | |
| Cisco Systems Inc | 1.72% | |
| Palantir Technologies Inc | 1.62% | |
| Intel Corp | 1.54% | |
| Lam Research Corp | 1.49% | |
| Applied Materials Inc | 1.44% | |
| Palo Alto Networks Inc | 1.24% | |
| Oracle Corp | 0.97% | |
| Texas Instruments Inc | 0.95% | |
| Crowdstrike Holdings Inc | 0.93% |
By country
United States 99.92%By asset type
Stocks 99.92%By sector
Sectors of the companies held, for the 83.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors withdrew a net $379.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.10%, -5.36%, +6.48%.
How it works
VGT is the exchange-traded share class of Vanguard Information Technology Index Fund. The fund aims to track the MSCI US Investable Market Index (IMI)/Information Technology 25/50, an index of large, mid-size and small US companies in the information technology sector as defined by the Global Industry Classification Standard (GICS). That sector covers software and IT services plus makers of hardware such as computers, phones, communications equipment and semiconductors (chips).
There is no stock picking. The fund tries to hold all, or nearly all, of the index's stocks in roughly the same proportions, and normally keeps at least 80% of net assets in them. Bigger companies carry bigger weights, so NVIDIA (17.8%), Apple (15.8%) and Microsoft (11.3%) led the portfolio as of August 31, 2026. The "25/50" in the index name refers to caps on how much one company, and the largest companies combined, can weigh. The fund is still classed as nondiversified, meaning it may hold bigger stakes in a few companies than a diversified fund.
The prospectus reports turnover, the share of holdings replaced over a year, of just 8%. Shares trade on NYSE Arca at market prices, which can differ slightly from the value of the fund's holdings. Large firms called authorized participants create and redeem shares, which usually keeps the gap small.
What it really costs
- VGT charges 0.09% a year, versus an average of 0.36% for the similar funds below (3rd of 9, cheapest first).
- Of that, 0.08% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $9 in the first year and $115 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| VGT | $9 | $29 | $51 | $115 |
In a retirement portfolio
It concentrates in one sector led by three giant companies and fell 35.1% from December 2021 to October 2022, so it fits better as a smaller slice than as the core.
VGT offers growth potential: it returned 20.75% a year on average over the 10 years to December 31, 2024. The trade-off is steep drops. Price figures here start in June 2020, missing the 2008 crisis and the 2020 COVID crash, though the fund gained 45.94% in calendar 2020. It fell 34.5% in the 2022 market slump, and 2022 was its worst calendar year, a 29.67% loss. Its deepest drop, 35.1% from December 2021 to October 2022, took about 13 months from the low to recover. Withdrawing money in a year like that would lock in losses.
Income is minor: a 0.96% trailing 12-month yield as of October 30, 2026, paid quarterly. Costs are low: 0.09% a year, or $9 on $10,000 over one year in the SEC's standard example. Past results don't predict future returns, and a retirement plan needs to weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting low-cost exposure to large, mid-size and small US tech stocks, at 0.09% a year versus a 0.36% peer average.
- Long-term investors who can sit through deep drops, like the 35.1% fall from December 2021 to October 2022, without needing to cash out.
- Those wanting extra tech weight beside broader holdings, kept small enough that a repeat of 2022's 29.67% loss wouldn't derail their plan.
Look elsewhere if
- Investors needing income: the trailing 12-month yield was 0.96% as of October 30, 2026, paid quarterly.
- Those wanting broad diversification: NVIDIA, Apple and Microsoft alone were 17.8%, 15.8% and 11.3% of assets as of August 31, 2026.
- People who may need to withdraw money soon: after its October 2022 low, the fund needed about 13 months to regain its prior peak.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| VGT this fund | — | 0.09% | $170.66B | +19.7% | +33.3% |
| FTEC Fidelity MSCI Information Technology Index … | 96% | 0.084% | $19.85B | +15.4% | +30.0% |
| XLK Technology Select Sector SPDR Fund | 78% | 0.08% | $123.91B | +20.1% | +4.0% |
| IYW iShares U.S. Technology ETF | 77% | 0.39% | $23.58B | +13.9% | +30.4% |
| IGM iShares Expanded Tech Sector ETF | 70% | 0.41% | $10.71B | +21.3% | +38.6% |
| IXN iShares Global Tech ETF | 70% | 0.41% | $9.46B | +30.4% | +36.5% |
| QQMG Invesco ESG NASDAQ 100 ETF | 56% | 0.2% | $200.0M | +16.4% | +29.5% |
| SPTE SP Funds S&P Global Technology ETF | 55% | 0.55% | $211.3M | +32.3% | — |
Compared head to head: FTEC vs VGT · all comparisons →
Questions investors ask
Is VGT good for retirement?
VGT can play a part, but its risks point to a smaller slice of a retirement portfolio rather than the core. It holds one sector, and its price fell 35.1% from December 2021 to October 2022, taking about 13 months from the low to recover. Its trailing yield was just 0.96% as of October 30, 2026, so it offers growth potential more than income. On the plus side, its expense ratio (yearly fee) is a low 0.09%.
What's the difference between VGT and FTEC?
Very little. Fidelity MSCI Information Technology Index ETF (FTEC) shares about 96% of its holdings with VGT. FTEC charges 0.084% a year versus VGT's 0.09%. Returns have been close: as of October 30, 2026, VGT returned 19.7% over one year and 33.3% a year over three years, against 18.9% and 33% for FTEC. The main gap is size: about $170.7 billion for the Vanguard fund across all share classes (August 31, 2026) versus $19.9 billion for FTEC (July 31, 2026).
Does VGT pay dividends?
Yes, VGT pays dividends quarterly, but they are small. Over the 12 months to October 30, 2026, it paid $1.125 per share, a trailing yield (past-year dividends divided by the share price) of 0.96%. Many technology companies reinvest profits or repurchase shares instead of paying large dividends, so this fund is built more for growth than for income. Investors who need regular cash from their portfolio may find the yield too low to rely on.
Is VGT too concentrated in NVIDIA, Apple and Microsoft?
VGT is heavily concentrated, though whether that's too much depends on the rest of a portfolio. As of August 31, 2026, NVIDIA was 17.8% of assets, Apple 15.8% and Microsoft 11.3%, and the top 10 of its 318 holdings totaled 62.5%. As a nondiversified fund (one allowed to hold bigger stakes in fewer companies), its results can hinge on just a few of these names. Investors who also own a broad US stock fund may already hold these same companies through it.
What is VGT's expense ratio?
VGT's expense ratio, the yearly fee deducted from fund assets, is 0.09%, according to its prospectus filed December 19, 2025. In the SEC's standard example, which assumes $10,000 invested with a 5% yearly return, total costs come to about $9 after one year, $51 after five years and $115 after 10 years. That's well below the 0.36% average for similar funds, and it ranks third-cheapest of the nine funds compared. FTEC (0.084%) and XLK (0.08%) cost slightly less.