What Is VOOG? Vanguard S&P 500 Growth ETF

VOOG is the Vanguard S&P 500 Growth ETF. It tracks the S&P 500 Growth Index, holding the growth-classified half of the S&P 500 based on factors like sales and earnings growth. It concentrates in large-cap technology and consumer names, offering a growth tilt on the US large-cap market in one ticker.

VOOG, listed on NYSE Arca. The full name is the Vanguard S&P 500 Growth ETF, issued by Vanguard. It is the growth counterpart to Vanguard's value fund VOOV, with the broad VOO holding both halves.

VOO holds the entire S&P 500, both growth and value stocks, weighted by market cap. VOOG holds only the growth-classified subset, so it drops the value half and concentrates more heavily in mega-cap technology names. That makes VOOG more tech-heavy, more concentrated, and typically more volatile than the broad VOO.

VOOG holds the growth-classified companies in the S&P 500. Recent top holdings include NVIDIA, Microsoft, Apple, both share classes of Alphabet, Broadcom, Amazon, Meta, Micron, and Eli Lilly. See the top-10 table above for current weights. The fund is heavily concentrated in its largest technology positions.

0.07% per year, or $7 annually on a $10,000 position. That is very low, in line with Vanguard's reputation for cost, and only slightly above the broad VOO. Cost is one reason VOOG is a low-friction way to add a growth tilt.

Approximately 0.45% as of July 2026, paid quarterly. Growth companies tend to pay little or nothing in dividends, reinvesting instead, so VOOG's yield is lower than the broad S&P 500. Most of its return potential comes from price appreciation rather than income.

VOOG trades like any stock during US market hours and is available commission-free at major brokers including Fidelity, Schwab, Robinhood, Public, and Vanguard, with fractional shares supported at many. If you want to add a growth tilt around a broad core, you can connect your broker to Walnut and use the AI to see how it fits.

Approximately $26.32 billion as of July 2026, making it a large and well-established growth ETF. Its scale reflects steady demand from investors seeking a low-cost, index-based way to tilt toward the growth side of the S&P 500.

VOOG offers concentrated, low-cost exposure to the growth half of the S&P 500, which can outperform in growth-led markets but is more volatile and less diversified than the broad index. Walnut is not an investment adviser; whether VOOG fits depends on your risk tolerance, time horizon, and how much technology exposure you already hold.

Both are Vanguard growth ETFs, but they follow different indexes. VOOG tracks the S&P 500 Growth Index, drawn only from the S&P 500. VUG tracks a broader CRSP US large-cap growth index that includes more companies. VUG is typically broader and cheaper, while VOOG stays strictly within the growth portion of the S&P 500.

The S&P 500 Growth Index classifies stocks by growth characteristics like sales and earnings momentum, and the largest, fastest-growing US companies are predominantly in technology and technology-adjacent sectors. Because the index is market-cap weighted within that group, a handful of mega-cap tech names such as NVIDIA and Microsoft can command very large weights.

Yes, quarterly, with a yield near 0.45% as of July 2026. Because growth companies generally reinvest earnings rather than pay them out, VOOG's yield is lower than the broad S&P 500 or a value-tilted fund. Its appeal is capital appreciation rather than income.

Generally yes. By dropping the value half of the index and concentrating in mega-cap growth names, VOOG becomes less diversified and more sensitive to swings in technology stocks. It can outperform the broad S&P 500 in growth-led rallies and underperform when growth stocks fall out of favor, so it tends to move more sharply in both directions.

Because VOOG is a concentrated growth tilt rather than a broad-market fund, many investors use it as a satellite layered on a diversified core like VOO or VTI rather than as the core itself. Walnut is not an investment adviser, but the general pattern is to build around a broad base and add tilts like VOOG in measured size.

Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. VOOG's figures are above; the full method is in Walnut's guide on how to compare ETFs.