VUG vs. VOO

Last updated Jun 5, 2026

VUG (Vanguard Growth ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VUG returned 18.25%/yr vs 15.55%/yr for VOO. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.03% expense ratio.

Performance

VUG vs. VOO - Performance Comparison

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

Returns By Period

In the year-to-date period, VUG achieves a 9.78% return, which is significantly lower than VOO's 11.34% return. Over the past 10 years, VUG has outperformed VOO with an annualized return of 18.25%, while VOO has yielded a comparatively lower 15.55% annualized return.

VUG

• 1D: 0.26%
• 1M: 5.75%
• YTD: 9.78%
• 6M: 8.99%
• 1Y: 27.72%
• 3Y*: 26.10%
• 5Y*: 15.17%
• 10Y*: 18.25%

VOO

• 1D: 0.39%
• 1M: 4.62%
• YTD: 11.34%
• 6M: 11.27%
• 1Y: 28.62%
• 3Y*: 22.68%
• 5Y*: 13.98%
• 10Y*: 15.55%

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

VUG vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUG Vanguard Growth ETF	9.78%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%
VOO Vanguard S&P 500 ETF	11.34%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between VUG and VOO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010	0.94

The correlation between VUG and VOO has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

VUG vs. VOO - Sectors Allocation Comparison

Sectors	VUG	VOO
Technology	53.5%	35.7%
Communication Services	17.3%	11.3%
Consumer Cyclical	12.2%	10.2%
Healthcare	4.6%	8.5%
Financial Services	4.3%	11.6%
Industrials	3.6%	8.3%
Consumer Defensive	1.5%	4.9%
Real Estate	1.0%	1.9%
Utilities	0.9%	2.4%
Basic Materials	0.6%	1.8%
Energy	0.4%	3.5%

Return for Risk

VUG vs. VOO — Risk / Return Rank

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

VUG

VUG Risk / Return Rank: 45
VUG Sharpe Ratio Rank: 52
VUG Sortino Ratio Rank: 50
VUG Omega Ratio Rank: 50
VUG Calmar Ratio Rank: 35
VUG Martin Ratio Rank: 39

VOO

VOO Risk / Return Rank: 74
VOO Sharpe Ratio Rank: 76
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 75
VOO Calmar Ratio Rank: 66
VOO Martin Ratio Rank: 78

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.

VUG vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Growth ETF (VUG) 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.

	VUG	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.44	-0.68
Sortino ratio: Return per unit of downside risk	2.39	3.31	-0.92
Omega ratio: Gain probability vs. loss probability	1.31	1.44	-0.14
Calmar ratio: Return relative to maximum drawdown	1.68	3.23	-1.55
Martin ratio: Return relative to average drawdown	5.90	15.03	-9.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUG vs. VOO - Sharpe Ratio Comparison

The current VUG Sharpe Ratio is 1.76, which is comparable to the VOO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of VUG 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.

Sharpe Ratios by Period

	VUG	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	2.44	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.84	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.87	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.89	-0.27

Drawdowns

VUG vs. VOO - Drawdown Comparison

The maximum VUG drawdown since its inception was -50.68%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VUG and VOO.

Drawdown Indicators

	VUG	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-50.68%	-33.99%	-16.69%
Max Drawdown (1Y) Largest decline over 1 year	-16.53%	-8.90%	-7.63%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-18.69%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-35.61%	-24.52%	-11.09%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	-33.99%	-1.62%
Current Drawdown Current decline from peak	-1.25%	-0.32%	-0.93%
Average Drawdown Average peak-to-trough decline	-7.09%	-3.69%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	1.91%	+2.80%

Volatility

VUG vs. VOO - Volatility Comparison

Vanguard Growth ETF (VUG) has a higher volatility of 3.81% compared to Vanguard S&P 500 ETF (VOO) at 2.78%. This indicates that VUG'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.

Volatility by Period

	VUG	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	2.78%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	8.90%	+3.21%
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	11.80%	+4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	16.81%	+5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.44%	18.00%	+3.44%

VUG vs. VOO - Expense Ratio Comparison

Both VUG and VOO have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VUG vs. VOO - Dividend Comparison

VUG's dividend yield for the trailing twelve months is around 0.37%, less than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOO Vanguard S&P 500 ETF	1.02%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
VUG Vanguard Growth ETF	0.37%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both VUG and VOO in my portfolio?

With a correlation of 0.93, VUG 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.

Which is riskier, VUG or VOO?

VUG has higher volatility (3.81%) compared to VOO (2.78%). In terms of maximum drawdown, VUG dropped -50.68% vs VOO's -33.99%.

Which ETF is better, VUG or VOO?

On 10-year performance, VUG leads with 18.25% vs 15.55% for VOO. Both ETFs have the same 0.03% expense ratio. On volatility, VOO has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VUG or VOO?

Over the 10-year period, VUG has performed better with a 18.25% return vs 15.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VUG or VOO?

VUG and VOO have the same expense ratio: 0.03% per year.

Which ETF pays a higher dividend yield, VUG or VOO?

VOO has the higher dividend yield at 1.02%, compared with 0.37% for VUG.

What is the main difference between VUG and VOO?

VUG is categorized as Large Cap Growth Equities, while VOO is S&P 500. VUG tracks CRSP US Large Cap Growth Index, while VOO tracks S&P 500 Index.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.44 vs 1.76), 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.