At a glance
VOOG charges 0.07% a year, below the 0.1% average of the 8 funds most like it (the 5th cheapest of 9). It has $27.12B in assets, the 7th largest of that group; it paid 1.08% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +9.4% with distributions reinvested (S&P 500: +11.5%), the best of those 9 funds; over three years it returned +27.5% a year. At its worst it fell 32.0% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 16 months after the low. Its ten largest positions make up 59.4% of the fund, out of 149 in all.
The short version
Vanguard S&P 500 Growth ETF (VOOG) is the exchange-traded share class of an index fund that tracks the S&P 500 Growth Index, a simple way to own the S&P 500's growth companies. It is concentrated: as of August 31, 2026, technology was about half the portfolio and NVIDIA alone was 14.8%. Its 0.07% expense ratio (yearly fee) is below the 0.10% average of similar funds, but SPYG, which follows the same strategy, charges 0.04%.
Price history
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VOOG +9.4% 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 | |
|---|---|---|---|---|---|---|
| VOOG official prospectus, to Dec 31, 2024 | — | +35.95% | — | +17.00% | +15.15% | +16.96% |
| VOOG price data to Oct 30, 2026 | +10.2% | +9.4% | +27.5% | +11.7% | — | +17.5% |
- Over the year to Oct 30, 2026, VOOG returned +9.4%, 1st of 9 among similar funds.
- Its 5-year annualized return was +11.7%.
- Its worst full calendar year was 2022 (-29.5%); its best was 2024 (+35.9%).
- The deepest fall in its price history was 32.7% (Dec 27, 2021 to Oct 14, 2022), recovered by Mar 1, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +10.2% | — |
| 2025 | +22.1% | — |
| 2024 | +35.9% | +35.95% |
| 2023 | +29.9% | +29.93% |
| 2022 | -29.5% | -29.45% |
| 2021 | +31.9% | +31.89% |
| 2020 | — | +33.38% |
| 2019 | — | +31.03% |
| 2018 | — | -0.18% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 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 32% over that stretch · deepest drop along the way 32%, back to its old high 16.4 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7800 | |
| 2025 | $0.3617 | +21.9% |
| 2024 | $0.2967 | -41.4% |
| 2023 | $0.5067 | +55.1% |
| 2022 | $0.3267 | +21.8% |
| 2021 | $0.2683 |
What's inside
As of Aug 31, 2026, the fund held 149 securities; the ten largest made up 59.36% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 14.85% | |
| Microsoft Corp | 10.46% | |
| Apple Inc | 6.46% | |
| Alphabet Inc Class A | 5.52% | |
| Broadcom Inc | 4.87% | |
| Alphabet Inc Class C | 4.40% | |
| Amazon.com Inc | 3.74% | |
| Meta Platforms Inc | 3.49% | |
| Micron Technology Inc | 3.00% | |
| Berkshire Hathaway Inc | 2.57% | |
| Eli Lilly & Co | 2.54% | |
| Advanced Micro Devices Inc | 2.13% | |
| JPMorgan Chase & Co | 1.80% | |
| Tesla Inc | 1.78% | |
| Palantir Technologies Inc | 1.19% |
By country
United States 99.86%By asset type
Stocks 99.86%By sector
Sectors of the companies held, for the 95.5% 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 added a net $727.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -1.77%, -1.76%, +3.26%.
How it works
VOOG is the exchange-traded share class of Vanguard S&P 500 Growth Index Fund, sharing one portfolio with the fund's other share classes. The fund tracks the S&P 500 Growth Index, which represents the S&P 500 companies its index provider classifies as growth companies. Such firms often reinvest earnings in research and development instead of paying large dividends. Vanguard does not pick stocks: it tries to hold all, or nearly all, of the index's stocks in about the same proportions as the index.
Mirroring the index means a few giants dominate. As of August 31, 2026, the fund held about 150 companies, and its 10 largest positions made up about 59% of assets, led by NVIDIA (14.8%), Microsoft (10.5%), Apple (6.5%) and Alphabet (9.9% across two share classes). The prospectus warns that tracking the index could make the fund “nondiversified,” meaning a few stocks, or even one, can sway results.
When the index changes, the fund trades to match it. Portfolio turnover, roughly the share of holdings replaced yearly, was 20% in the latest prospectus. On August 31, 2026, cash was about 0.09% of assets, and a few futures and swap contracts were each well under 0.01%. Shares trade on NYSE Arca at market prices, which can differ slightly from the value of the stocks inside.
What it really costs
- VOOG charges 0.07% a year, versus an average of 0.1% for the similar funds below (5th of 9, cheapest first).
- Of that, 0.06% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $7 in the first year and $90 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| VOOG | $7 | $23 | $40 | $90 |
In a retirement portfolio
It owns only the growth side of the S&P 500, with about half its assets in technology and 59% in its 10 largest positions as of August 31, 2026.
VOOG could add a tilt toward large growth companies, with sizable swings. It launched in September 2010, after the 2008 crisis, and gained 33.38% in 2020, the year of the COVID crash, per its prospectus. Its deepest drop, 32.7% in the 2022 bear market, ran from December 27, 2021, to October 14, 2022, and took about 16.6 months from that low to recover. Its worst calendar year was also 2022, down 29.45%. Selling near the bottom meant selling about a third below the peak.
Dividends cover little: the trailing 12-month yield was 1.06% as of October 29, 2026, paid quarterly, so drawing income usually means selling shares, which hurts most in a down year. Costs are low: 0.07% a year, about $90 over 10 years on $10,000 in the SEC's standard example. Past results don't predict the future; a plan should consider the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking low-cost exposure to large US growth companies such as NVIDIA, Microsoft and Apple, for 0.07% a year.
- Long-term holders who could sit through a drop like the 32.7% fall of 2021–2022, which took about 16.6 months from the low to recover.
- Investors who hold broad or dividend-focused funds and may want a smaller slice tilted toward the S&P 500's growth companies.
Look elsewhere if
- Cost-focused investors: SPYG and IUSG follow the same strategy for 0.04% a year, versus VOOG's 0.07%.
- Retirees needing steady income from holdings; the trailing 12-month yield was just 1.06% as of October 29, 2026.
- Investors uneasy with concentration: technology was about half of assets and NVIDIA alone 14.8% as of August 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| VOOG this fund | — | 0.07% | $27.12B | +9.4% | +27.5% |
| SPYG SPDR Portfolio S&P 500 Growth ETF | 93% | 0.04% | $52.99B | +7.2% | +25.3% |
| IVW iShares S&P 500 Growth ETF | 93% | 0.18% | $74.97B | +7.0% | +25.2% |
| IUSG iShares Core S&P U.S. Growth ETF | 90% | 0.04% | $32.22B | +7.6% | +24.8% |
| VONG Vanguard Russell 1000 Growth ETF | 76% | 0.07% | $54.28B | -2.3% | +22.4% |
| VUG Vanguard Growth ETF | 74% | 0.04% | $379.29B | +3.8% | +25.1% |
| IWF iShares Russell 1000 Growth ETF | 72% | 0.19% | $128.90B | -3.7% | +20.3% |
| IWY iShares Russell Top 200 Growth ETF | 72% | 0.2% | $16.96B | -3.4% | +20.7% |
Compared head to head: VOO vs VOOG · all comparisons →
Questions investors ask
What's the difference between VOOG and SPYG?
Mostly cost. Both funds follow the same S&P 500 growth strategy, and their holdings overlap by 93%. SPYG, the SPDR Portfolio S&P 500 Growth ETF, charges 0.04% a year versus VOOG's 0.07%. Returns have been close: through October 29, 2026, VOOG returned 10.7% over one year and 29.1% a year over three years, versus 9.9% and 28.8% for SPYG. Small gaps between such funds can reflect fees, trading costs and timing.
Does VOOG pay dividends?
Yes, quarterly, but not much. Over the 12 months through October 29, 2026, it paid about $0.88 per share, a trailing yield of 1.06% (dividends over the past year divided by the share price). The yield is low because growth companies, as the prospectus notes, tend to reinvest earnings in research and development rather than pay them out. Investors who need income may have to sell shares, which hurts more in a falling market.
What are VOOG's top holdings?
NVIDIA, Microsoft and Apple lead. As of August 31, 2026, NVIDIA was 14.8% of the fund, Microsoft 10.5% and Apple 6.5%, followed by Alphabet (9.9% across two share classes), Broadcom (4.9%), Amazon (3.7%) and Meta Platforms (3.5%). The 10 largest positions made up about 59% of assets, and technology about half. The prospectus warns that the information technology sector's condition can sway results and that the fund could become nondiversified.
How has VOOG performed over 10 years?
It returned an average of 15.15% a year over the 10 years through December 31, 2024, according to its prospectus, and 16.96% a year since its September 2010 launch. The path was uneven: it lost 29.45% in 2022, then gained 29.93% in 2023 and 35.95% in 2024. Based on market prices, it gained 22.1% in 2025 and returned 12.3% a year over the five years through October 29, 2026.
Is VOOG good for retirement?
It may suit a smaller, growth-focused part of a retirement portfolio better than a central role. It fell 32.7% between December 27, 2021, and October 14, 2022, and took about 16.6 months from that low to recover. Its 1.06% yield as of October 29, 2026, provides little income, so withdrawals would mostly come from selling shares. Its 0.07% expense ratio is low, about $90 over 10 years on $10,000 in the SEC's standard example. Past results don't predict future ones.