VUG vs. VONG: How Do They Compare (2023)

VUG and VONG are popular growth index funds from Vanguard. They have a lot in common but differ in some aspects.

If you’re looking at these two funds and trying to figure out which one is right for you, here’s what you need to know.

FundsVanguard Growth Index Fund ETFVanguard Russell 1000 Growth Index Fund ETF
3-year total return+13.69%+14.41%
3-year standard deviation22.95%22.24%
Morningstar rating4/55/5
Min. initial investment
Net expense ratio0.04%0.08%
Total net assets74.22bn USD7.29bn USD
Morningstar categoryLarge GrowthLarge Growth

VUG: Vanguard Growth Index Fund ETF

VUG is a fund that invests in stocks on the CRSP US Large Cap Growth Index. The fund tracks a comprehensive index of large-cap growth stocks. 

It has a relatively low turnover rate, meaning it buys and sells its holdings irregularly. This can result in lower transaction costs than other funds with higher turnover rates. 

VUG also has below-average expenses at 0.04% because Vanguard keeps costs low across its entire lineup of funds.

VONG: Vanguard Russell 1000 Growth Index Fund ETF

VONG is a growth fund that invests in U.S. companies within the Russell 1000 Growth Index.

The VONG ETF has an expense ratio of 0.08%, which makes it more costly than VUG, and it does have a high turnover rate of 14%. 

VUG vs VONG: Key differences

The biggest difference between these two funds is that VUG has a lower expense ratio than VONG.

In addition, VUG’s market capitalization is greater than its contender ($74 billion vs. $7 billion).

In terms of index tracking, both ETFs track different but similar indexes.

VUG vs VONG: Which Vanguard Growth ETF Is Better?

If you’re looking for a growth ETF with a diverse portfolio of companies, VUG is the way to go.

It has an expense ratio of 0.04% and trades on the Nasdaq exchange.

This fund invests in large-cap stocks with above-average growth rates, which give investors higher returns than other types of investments.

Diego, a seasoned financial analyst in New York, brings a decade of expertise to guiding financial decisions. As a blogger for, he simplifies finance, offering insights on Fidelity Investments. Beyond numbers, he explores NYC's culture and enjoys capturing moments through his photography.

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