---
title: "Which Is the Better Vanguard Large-Cap ETF, VOOG's Focus on the S&P 500 or VONG's Russell 1000?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285088129.md"
description: "The Vanguard Russell 1000 Growth ETF (VONG) has a lower expense ratio of 0.06% and manages $44.9 billion in assets, while the Vanguard S&P 500 Growth ETF (VOOG) has a 1-year return of 38% and a higher dividend yield of 0.54%. VONG offers broader diversification with 387 stocks compared to VOOG's 144. Both ETFs target high-growth companies, but VONG provides more liquidity and reduced reliance on a few stocks, making it suitable for investors seeking diversification. VOOG is better for those focusing on high-growth companies within the S&P 500."
datetime: "2026-05-04T14:40:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285088129.md)
  - [en](https://longbridge.com/en/news/285088129.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285088129.md)
---

# Which Is the Better Vanguard Large-Cap ETF, VOOG's Focus on the S&P 500 or VONG's Russell 1000?

## Key Points

-   The Vanguard Russell 1000 Growth ETF has a lower expense ratio of 0.06% and manages $44.9 billion in assets under management (AUM).
-   The Vanguard S&P 500 Growth ETF provided a higher 1-year total return of 38% while maintaining a higher trailing-12-month dividend yield.
-   The Vanguard Russell 1000 Growth ETF includes more than double the number of holdings with 387 stocks compared to 144 in the Vanguard S&P 500 Growth ETF.
-   10 stocks we like better than Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF ›

The **Vanguard Russell 1000 Growth ETF** (NASDAQ:VONG) offers a broader exposure to the large-cap growth segment with a slightly lower expense ratio than the more concentrated **Vanguard S&P 500 Growth ETF** (NYSEMKT:VOOG).

Both funds target the U.S. large-cap growth sector, providing investors with exposure to fast-growing companies that typically reinvest earnings rather than paying high dividends. While the Vanguard S&P 500 Growth ETF focuses on the growth components of the S&P 500, the Vanguard Russell 1000 Growth ETF tracks a wider index of the top 1,000 U.S. companies, offering a different take on the growth factor.

## Snapshot (cost & size)

Metric

VOOG

VONG

Issuer

Vanguard

Vanguard

Expense ratio

0.07%

0.06%

1-yr return (as of April 30, 2026)

37.17%

29.87%

Dividend yield

0.54%

0.51%

Beta

1.11

1.15

AUM

$20.8 billion

$44.9 billion

_Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield._

The Vanguard Russell 1000 Growth ETF is slightly more affordable for long-term holders with an expense ratio of 0.06%, compared to 0.07% for the Vanguard S&P 500 Growth ETF. Investors looking for current income may find the Vanguard S&P 500 Growth ETF more appealing, as it offers a slightly higher trailing-12-month distribution yield of 0.54%, whereas its Russell-indexed counterpart provides a 0.51% yield.

## Performance & risk comparison

Metric

VOOG

VONG

Max drawdown (5 yr)

(32.70%)

(32.70%)

Growth of $1,000 over 5 years (total return)

$1,938.00

$1,901.00

## What's inside

The Vanguard Russell 1000 Growth ETF holds 387 stocks, offering broader diversification across the large-cap growth universe. Its sector tilt includes 50% in technology, 13% in consumer cyclical, and 12% in communication services. Top holdings include **NVIDIA** (NASDAQ:NVDA) at 12.90%, **Apple** (NASDAQ:AAPL) at 11.61%, and **Microsoft** (NASDAQ:MSFT) at 8.80%. Launched in 2010, the fund has a trailing-12-month dividend of $0.56 per share. This portfolio includes many mid-cap growth names that fall outside the traditional S&P 500 criteria.

The Vanguard S&P 500 Growth ETF is more concentrated with 144 holdings, focusing strictly on the growth tier of the S&P 500 index. Also launched in 2010, it has paid $1.72 per share over the trailing 12 months. Its sector weights are 48% in technology, 17% in communication services, and 10% in financial services. Its largest positions include NVIDIA at 14.60%, Microsoft at 9.47%, and Apple at 6.42%. Because it draws from a narrower pool of companies, its top positions often command a larger share of the total assets under management (AUM).

For more guidance on ETF investing, check out the full guide at this link.

## What this means for investors

Investing in large-cap stocks are a key component of many portfolios, and Vanguard offers two distinct ways to gain exposure here. Both ETFs focus strictly on companies exhibiting high growth to deliver strong returns.

The Vanguard S&P 500 Growth ETF (VOOG) targets only high-growth companies in the S&P 500 universe. This leads to a much smaller set of stocks than VONG, which means the fund’s performance depends on these handful of businesses. However, the approach helped VOOG deliver a far greater one-year return than VONG. This ETF is for investors who want to zero in on growth businesses within the S&P 500.

The Vanguard Russell 1000 Growth ETF (VONG) offers broad exposure to high-growth businesses, given its much larger 387 holdings. This helps the fund reduce reliance on a few companies to power performance. It also features a higher AUM, providing greater liquidity for active traders. VONG is best for investors who want more diversification in a fund’s stocks to help offset risk.

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_Robert Izquierdo has positions in Apple, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy._

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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