VOO vs VUG

Name: VOO vs VUG: holdings overlap, returns and correlation
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

VOO and VUG overlap by 57.5% of their weight, in the 121 companies both hold, by the SEC Form N-PORT filings of both for the period ended 2026-06-30.

Vanguard S&P 500 ETF against Vanguard Growth ETF.

Edited by VoidLab Data through 2026-10-28 Last revised 2026-10-17

View as Markdown What changed

Overlap

57.5%

121 companies in both

about half the same weight

Correlation

0.95

weekly returns, 3 years

almost always in step

Same cost

Both

0.03% a year each

Higher, 3 years

VUG

93.2% against 84.6%

Fell less

VOO

-16.7% against -21.8%

The short answer

VUG is the growth half of the large-cap market, and 97.4% of it sits inside VOO. Which fund returned more depends on the window: VUG over three years, 93.2% against 84.6%, VOO over five, 76.8% against 70.3%.

The two funds

VOO

Vanguard S&P 500 ETF

Last close, 2026-10-28: $709.90 +0.34%
Cost per year: 0.03%
Return, 1 year: 14.5%higher
Return, 3 years: 84.6%
Worst fall, 3 years: -16.7%shallower
Volatility: 13.8%calmer
Positions: 504
Top 10 weight: 36.4%

VUG

Vanguard Growth ETF

Last close, 2026-10-28: $88.81 +0.41%
Cost per year: 0.03%
Return, 1 year: 7.3%
Return, 3 years: 93.2%higher
Worst fall, 3 years: -21.8%
Volatility: 19.0%
Positions: 146
Top 10 weight: 60.4%

VOO and VUG, prices through 2026-10-28. How the badges are decided.

Holdings overlap

57.5%

121 companies sit in both funds. That is 58.0% of VOO's own weight and 97.4% of VUG's.

Side by side

Cost per yearlower is better

VOO0.03%

VUG0.03%

Return, 1 yearhigher is better

VOO14.5%

VUG7.3%

Return, 3 yearshigher is better

VOO84.6%

VUG93.2%

Worst fall, 3 yearsshallower is better

VOO-16.7%

VUG-21.8%

Volatilitycalmer is better

VOO13.8%

VUG19%

Top 10 weight

VOO36.4%

VUG60.4%

VOO against VUG, each pair of bars on a shared scale, prices through 2026-10-28.

VOO weight also held by VUG58.0%

VUG weight also held by VOO97.4%

VOO from its SEC Form N-PORT for the period ended 30 Jun 2026, VUG from its SEC Form N-PORT for the period ended 30 Jun 2026

Each bar is one whole fund, cut at the share it holds in common with the other. 57.5% of their weight is held in common, in the 121 companies both own.

What the numbers say

Half of VOO, at growth weight

VUG holds 146 companies and VOO 504, and 121 of them are in both. Almost nothing in VUG is missing from VOO, 2.6% of its weight in 25 companies such as Snowflake and Cloudflare. Seen from VOO, 58.0% of the index is in VUG's list and 42.0% is not: JPMorgan, Berkshire Hathaway, Exxon, Johnson & Johnson and Walmart are the largest of the 383 companies the growth screen leaves out.

Nvidia, Apple and Microsoft, counted twice over

The shared companies are not held at the same size. Nvidia, Apple and Microsoft each weigh markedly more in VUG than in VOO, and the ten largest positions take 60.4% of VUG against 36.4% of VOO. That is what the overlap of 57.5% by weight measures: the same names, at index weight on one side and at growth weight on the other.

The window decides the winner

Over three years VUG returned 93.2% and VOO 84.6%. Over five years the order flips, 76.8% for VOO against 70.3% for VUG, and over the past year VOO led again at 14.5% against 7.3%. The concentration shows in the risk figures: VUG's volatility of 19.0% against 13.8%, and a worst fall of -21.8% against -16.7%.

Different portfolios that move together

Weekly returns correlated at 0.95 over three years. A portfolio holding both is VOO with its growth half counted twice; a portfolio holding VUG alone has given up the 383 companies that make up 42.0% of the index.

Where they hold the same companies

Measure	Value
Overlap by weight	57.5%
Share of VOO held in common with VUG	58.0%
Share of VUG held in common with VOO	97.4%
Companies in both	121
Positions in VOO / VUG	504 / 146

VOO holdings from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-28; VUG holdings from its SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-28.

Largest positions held by both

Rank	Company	In VOO	In VUG	Overlap
1	NVDA Nvidia	7.51%	12.63%	7.51%
2	AAPL Apple	6.59%	11.67%	6.59%
3	MSFT Microsoft	4.3%	7.61%	4.3%
4	AMZN Amazon	3.62%	4.47%	3.62%
5	GOOGL Alphabet Class A	3.25%	5.76%	3.25%
6	AVGO Broadcom	2.77%	4.28%	2.77%
7	GOOG Alphabet Class C	2.59%	4.53%	2.59%
8	META Meta Platforms	1.92%	3.41%	1.92%
9	TSLA Tesla	1.84%	3.27%	1.84%
10	LLY Eli Lilly	1.47%	2.81%	1.47%
11	AMD Advanced Micro Devices	1.47%	2.62%	1.47%
12	AMAT Applied Materials	0.89%	1.6%	0.89%
13	V Visa	0.87%	1.54%	0.87%
14	LRCX Lam Research	0.84%	1.51%	0.84%
15	INTC Intel	1.02%	0.79%	0.79%

Held by only one of them

In VOO only	Weight	In VUG only	Weight
MU Micron Technology	2.02%	SPCX Space Exploration Techn	0.29%
BRK.B Berkshire Hathaway	1.42%	SNOW Snowflake	0.25%
JPM JPMorgan Chase	1.26%	BE Bloom Energy	0.24%
JNJ Johnson & Johnson	0.95%	NET Cloudflare	0.23%
XOM ExxonMobil	0.88%	RKLB Rocket Lab	0.18%
WMT Walmart	0.77%	WCN Waste Connections	0.14%
CAT Caterpillar	0.76%	ALNY Alnylam Pharmaceuticals	0.13%
CSCO Cisco	0.72%	ALAB Astera Labs	0.12%
ABBV AbbVie	0.69%	CRWV Coreweave Inc	0.12%
UNH UnitedHealth Group	0.59%	RBLX Roblox	0.12%

Covariance and correlation

Covariance, annualised (%²)

	VOO	VUG
VOO	190	249.1
VUG	249.1	361

Percent squared per year, three years of weekly returns

Correlation, 3 years

	VOO	VUG
VOO	1.00	0.95almost always in step
VUG	0.95almost always in step	1.00

Weekly total returns, what the bands mean

Check it: 249.1 divided by (13.8 × 19.0) is 0.95, the correlation in the second matrix.

One year, side by side

VOO 116 VUG 110

2025-11-072026-10-30

Both rebased to 100 a year ago, weekly closes.

Cost, returns and risk

Measure	VOO	VUG
Expense ratio	0.03%	0.03%
Dividend yield	1.06%	0.38%
Total return, 1 year	14.5%	7.3%
Total return, 3 years cumulative	84.6%	93.2%
Total return, 5 years cumulative	76.8%	70.3%
Volatility, annualised on 3 years of weekly returns	13.8%	19.0%
Worst fall in 3 years, peak to trough, weekly closes	-16.7%	-21.8%
Beta against the S&P 500	0.99	1.3
Positions held	504	146
Weight in the ten largest positions	36.4%	60.4%
Weight in the single largest position	7.5%	12.6%
Assets (Vanguard: whole fund, all share classes)	$1.73T	$392.1B

Prices through 2026-10-28. The positions and the weights of the largest positions are from VOO's SEC Form N-PORT for the period ended 2026-06-30 and VUG's SEC Form N-PORT for the period ended 2026-06-30.

Year by year

Year	VOO	VUG
2026	14.2%	9.6%
2025	17.8%	19.4%
2024	25.0%	32.7%
2023	26.3%	46.8%
2022	-18.2%	-33.2%

Do they move together

Window	Correlation of weekly returns
1 year	0.95
3 years	0.95
5 years	0.96

Where to go next

VOO, the full page: every holding, and what else it duplicates
VUG, the full page
VT vs VTI
QQQM vs SCHG
RSP vs SPY
Run the x-ray on your whole portfolio, this pair included
Check any other pair in the overlap calculator

How these numbers are produced · Ask the same questions from your assistant

Cite this page

TickerInside, VOO vs VUG, holdings from VOO's SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-28, and VUG's SEC Form N-PORT for the period ended 2026-06-30, filed 2026-08-28, https://tickerinside.com/compare/voo-vs-vug/, CC BY 4.0

<a href="https://tickerinside.com/compare/voo-vs-vug/">TickerInside</a> (https://tickerinside.com/compare/voo-vs-vug/)