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VOOG vs. VOO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOOG vs. VOO

Last updated Aug 2, 2026
Documentation

VOOG (Vanguard S&P 500 Growth ETF) and VOO (Vanguard S&P 500 ETF) are both S&P 500 funds from Vanguard - VOOG tracks the S&P 500 Growth Index while VOO tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, VOOG returned 17.31%/yr vs 15.14%/yr for VOO. Their correlation of 0.94 means they have usually moved in the same direction. VOOG charges 0.07%/yr vs 0.03%/yr for VOO.

Performance

VOOG vs. VOO - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with VOOG having a 9.98% return and VOO slightly higher at 10.16%. Over the past 10 years, VOOG has outperformed VOO with an annualized return of 17.31%, while VOO has yielded a comparatively lower 15.14% annualized return.

VOOG

1D
1.41%
1M
-0.16%
6M
9.44%
YTD
9.98%
1Y
21.57%
3Y*
23.95%
5Y*
13.21%
10Y*
17.31%
ALL TIME*
16.65%

VOO

1D
0.71%
1M
0.26%
6M
8.58%
YTD
10.16%
1Y
21.58%
3Y*
19.42%
5Y*
12.83%
10Y*
15.14%
ALL TIME*
14.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VOO

Vanguard S&P 500 ETF
$3.82B$3.78B$5.44B

VOOG

Vanguard S&P 500 Growth ETF
$98.60M$105.57M$127.27M

VOOG vs. VOO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VOOG
Vanguard S&P 500 Growth ETF		9.98%22.11%35.89%29.96%-29.48%31.95%33.35%30.93%-0.21%27.19%
VOO
Vanguard S&P 500 ETF		10.16%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%

Correlation

The correlation between VOOG and VOO is 0.95, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.95

Correlation (3Y)
Balances recent behavior with more history.

0.94

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.96

Correlation (10Y)
Provides a long-term view across more market conditions.

0.95

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.95

The correlation between VOOG and VOO has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

VOOG vs. VOO - Sectors Allocation Comparison

Sectors
VOOG
VOO

Technology

52.4%
38.6%

Communication Services

15.6%
9.9%

Consumer Cyclical

8.6%
9.5%

Financial Services

8.6%
11.4%

Industrials

6.4%
8.5%

Healthcare

6.2%
8.9%

Consumer Defensive

1.0%
4.5%

Real Estate

0.6%
1.8%

Utilities

0.4%
2.2%

Basic Materials

0.3%
1.7%

Energy

0.1%
3.0%

Technology

VOOG
52.4%
VOO
38.6%

Communication Services

VOOG
15.6%
VOO
9.9%

Consumer Cyclical

VOOG
8.6%
VOO
9.5%

Financial Services

VOOG
8.6%
VOO
11.4%

Industrials

VOOG
6.4%
VOO
8.5%

Healthcare

VOOG
6.2%
VOO
8.9%

Consumer Defensive

VOOG
1.0%
VOO
4.5%

Real Estate

VOOG
0.6%
VOO
1.8%

Utilities

VOOG
0.4%
VOO
2.2%

Basic Materials

VOOG
0.3%
VOO
1.7%

Energy

VOOG
0.1%
VOO
3.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 Growth ETF

Vanguard S&P 500 ETF

Often compared with VOOG:
VOOG vs. VUGVOOG vs. VOOVVOOG vs. VGTVOOG vs. QQQVOOG vs. FSPGXVOOG vs. VONGVOOG vs. SPYG
Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. FXAIXVOO vs. SPYVOO vs. VGT

Return for Risk

VOOG vs. VOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VOOG
VOOG Risk / Return Rank: 4343
Overall Rank
VOOG Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VOOG Sortino Ratio Rank: 4343
Sortino Ratio Rank
VOOG Omega Ratio Rank: 4141
Omega Ratio Rank
VOOG Calmar Ratio Rank: 4040
Calmar Ratio Rank
VOOG Martin Ratio Rank: 4646
Martin Ratio Rank
VOO
VOO Risk / Return Rank: 6868
Overall Rank
VOO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6565
Sortino Ratio Rank
VOO Omega Ratio Rank: 6666
Omega Ratio Rank
VOO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VOOG vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) and Vanguard S&P 500 ETF (VOO). 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.

VOOGVOODifference
Sharpe ratioReturn per unit of total volatility
1.08
1.53

-0.45

Sortino ratioReturn per unit of downside risk
1.57
2.13

-0.56

Omega ratioGain probability vs. loss probability

1.19

1.28

-0.08

Calmar ratioReturn relative to maximum drawdown

1.41

2.21

-0.79

Martin ratioReturn relative to average drawdown

5.13

9.44

-4.30

VOOG vs. VOO - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.08, which is comparable to the VOO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of VOOG and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VOOG vs. VOO - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VOOG and VOO.

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Drawdown Indicators

VOOGVOODifference

Max Drawdown

Largest peak-to-trough decline

-32.73%

-33.99%

+1.26%

Max Drawdown (1Y)

Largest decline over 1 year

-13.71%

-8.90%

-4.81%

Max Drawdown (3Y)

Largest decline over 3 years

-22.18%

-18.69%

-3.49%

Max Drawdown (5Y)

Largest decline over 5 years

-32.73%

-24.52%

-8.21%

Max Drawdown (10Y)

Largest decline over 10 years

-32.73%

-33.99%

+1.26%

Current Drawdown

Current decline from peak

-4.38%

-1.38%

-3.00%

Average Drawdown

Average peak-to-trough decline

-4.96%

-3.67%

-1.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.77%

2.08%

+1.69%

Volatility

VOOG vs. VOO - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) has a higher volatility of 6.11% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that VOOG's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VOOGVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.11%

3.54%

+2.57%

Volatility (6M)

Calculated over the trailing 6-month period

14.81%

10.10%

+4.71%

Volatility (1Y)

Calculated over the trailing 1-year period

17.97%

12.82%

+5.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.52%

16.93%

+4.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.87%

18.01%

+2.86%

VOOG vs. VOO - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.46%, less than VOO's 1.07% yield.

PositionTTM20252024202320222021202020192018201720162015
VOO
Vanguard S&P 500 ETF		1.07%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%
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

With a correlation of 0.95, VOOG and VOO 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.

VOOG has higher volatility (6.11%) compared to VOO (3.54%). In terms of maximum drawdown, VOOG dropped -32.73% vs VOO's -33.99%.

On 10-year performance, VOOG leads with 17.31% vs 15.14% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VOOG has performed better with a 17.31% return vs 15.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VOO is cheaper with a 0.03% expense ratio, compared with 0.07% for VOOG.

VOO has the higher dividend yield at 1.07%, compared with 0.46% for VOOG.

VOOG tracks S&P 500 Growth Index, while VOO tracks S&P 500 Index. Their fees differ too: 0.07% for VOOG and 0.03% for VOO.

VOO currently has the higher Sharpe Ratio (1.53 vs 1.08), 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.

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