VOOG vs. VONG

Last updated Jun 24, 2026

VOOG (Vanguard S&P 500 Growth ETF) and VONG (Vanguard Russell 1000 Growth ETF) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, VOOG returned 18.00%/yr vs 18.39%/yr for VONG. With a 0.97 correlation, they move nearly in lockstep. VOOG charges 0.07%/yr vs 0.06%/yr for VONG.

Performance

VOOG vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Growth ETF (VOOG) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOOG achieves a 8.71% return, which is significantly higher than VONG's 1.56% return. Both investments have delivered pretty close results over the past 10 years, with VOOG having a 18.00% annualized return and VONG not far ahead at 18.39%.

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

VONG

• 1D: -1.57%
• 1M: -3.99%
• YTD: 1.56%
• 6M: 0.27%
• 1Y: 18.03%
• 3Y*: 21.88%
• 5Y*: 13.07%
• 10Y*: 18.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VOOG vs. VONG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOOG Vanguard S&P 500 Growth ETF	8.71%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%
VONG Vanguard Russell 1000 Growth ETF	1.56%	18.45%	33.20%	42.67%	-29.18%	27.60%	38.30%	36.06%	-1.53%	30.05%

Correlation

The correlation between VOOG and VONG is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010	0.97

The correlation between VOOG and VONG has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

VOOG vs. VONG - Sectors Allocation Comparison

Sectors	VOOG	VONG
Technology	52.6%	54.1%
Communication Services	16.7%	12.0%
Consumer Cyclical	9.0%	12.5%
Financial Services	8.2%	4.8%
Healthcare	5.7%	6.9%
Industrials	5.7%	4.9%
Consumer Defensive	1.0%	2.5%
Real Estate	0.5%	0.4%
Utilities	0.4%	1.0%
Basic Materials	0.3%	0.3%
Energy	0.1%	0.4%

Return for Risk

VOOG vs. VONG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

VONG

VONG Risk / Return Rank: 29
VONG Sharpe Ratio Rank: 32
VONG Sortino Ratio Rank: 30
VONG Omega Ratio Rank: 30
VONG Calmar Ratio Rank: 24
VONG Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VOOG vs. VONG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) and Vanguard Russell 1000 Growth ETF (VONG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VOOG	VONG	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.12	+0.47
Sortino ratio: Return per unit of downside risk	2.17	1.58	+0.59
Omega ratio: Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio: Return relative to maximum drawdown	1.97	1.12	+0.85
Martin ratio: Return relative to average drawdown	7.82	3.64	+4.18

VOOG vs. VONG - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.59, which is higher than the VONG Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of VOOG and VONG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOOG vs. VONG - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, roughly equal to the maximum VONG drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for VOOG and VONG.

Drawdown Indicators

	VOOG	VONG	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-32.72%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-16.23%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	-23.27%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	-32.72%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	-32.72%	-0.01%
Current Drawdown Current decline from peak	-5.49%	-6.82%	+1.33%
Average Drawdown Average peak-to-trough decline	-4.96%	-4.88%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	4.97%	-1.52%

Volatility

VOOG vs. VONG - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) has a higher volatility of 7.23% compared to Vanguard Russell 1000 Growth ETF (VONG) at 6.04%. This indicates that VOOG's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOG	VONG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	6.04%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	12.59%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	16.17%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	21.45%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	20.92%	-0.11%

VOOG vs. VONG - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is higher than VONG's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VOOG vs. VONG - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.46%, less than VONG's 0.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VONG Vanguard Russell 1000 Growth ETF	0.47%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both VOOG and VONG in my portfolio?

With a correlation of 0.98, VOOG and VONG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VOOG or VONG?

VOOG has higher volatility (7.23%) compared to VONG (6.04%). In terms of maximum drawdown, VOOG dropped -32.73% vs VONG's -32.72%.

Which ETF is better, VOOG or VONG?

On 10-year performance, VONG leads with 18.39% vs 18.00% for VOOG. On fees, VONG is cheaper at 0.06% per year. On volatility, VONG has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or VONG?

Over the 10-year period, VONG has performed better with a 18.39% return vs 18.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or VONG?

VONG is cheaper with a 0.06% expense ratio, compared with 0.07% for VOOG.

Which ETF pays a higher dividend yield, VOOG or VONG?

VONG has the higher dividend yield at 0.47%, compared with 0.46% for VOOG.

What is the main difference between VOOG and VONG?

VOOG is categorized as S&P 500, while VONG is Large Cap Growth Equities. VOOG tracks S&P 500 Growth Index, while VONG tracks Russell 1000 Growth Index. Their fees differ too: 0.07% for VOOG and 0.06% for VONG.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.59 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.