NDVG vs VOO
Nuveen Dividend Growth ETF vs Vanguard S&P 500 ETF
Which is better, NDVG or VOO?
VOO has been ahead.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 43.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NDVG | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $13M | $997.4B |
| Dividend Yield | 1.09% | 1.08% |
| Holdings | 43 | 509 |
| Volatility (annualized) | 14.1%Best | 15.6% |
| Max Drawdown | -19.7%Best | -24.5% |
| $10,000 over 4.7 years | $14,252 | $16,009Best |
| Top 10 Weight | 43.3% | 36.4%Best |
| Fund Family | Nuveen | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 4, 2021 | Sep 7, 2010 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 151 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. NDVG has data through Apr 6, 2026 and VOO through Sep 4, 2026.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Aug 5, 2021 to Apr 6, 2026 (4.7 years).
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.1% for NDVG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.7% for NDVG and -24.5% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NDVG charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, NDVG currently yields 1.09% against 1.08% for VOO.
Holdings Overlap
86.4% of NDVG's money is in holdings VOO also owns. 24.7% of VOO's money is in holdings NDVG also owns.
Most of NDVG is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 181 days apart, NDVG as of Dec 31, 2025 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
36 positions in common, counted across the 41 positions we hold weights for in NDVG and 505 in VOO, against full books of 43 and 509.
What only one of them owns
Our book lists 462 positions for VOO that do not appear in our book for NDVG (74.8% of the fund), and 1 for NDVG that do not appear in VOO (1.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NDVG | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.70% | 6.59% | 0.11% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 7.90% | 4.30% | 3.60% |
| AVGOBroadcom Inc | 5.85% | 2.77% | 3.08% |
| JPMJpmorgan Chase | 4.24% | 1.26% | 2.98% |
| APHAmphenol Corp. Class A | 3.60% | 0.34% | 3.26% |
| AXPAmerican Express Co. | 3.36% | 0.28% | 3.08% |
| METAMeta Platform Inc | 1.51% | 1.92% | 0.41% |
| MAMastercard Inc | 2.76% | 0.64% | 2.12% |
| ABBVAbbvie Inc. | 2.57% | 0.69% | 1.88% |
| NEENextera Energy Inc | 2.68% | 0.28% | 2.40% |
86.4% of NDVG is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NDVG or VOO?
NDVG has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
Which is riskier, NDVG or VOO?
VOO has been the more volatile fund at 15.6% annualized versus 14.1% for NDVG. Worst drawdown: NDVG -19.7% vs VOO -24.5%.
Should I hold both NDVG and VOO?
NDVG and VOO have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NDVG and VOO?
86.4% of NDVG's money is in holdings VOO also owns. 24.7% of VOO's is in holdings NDVG also owns. They hold 36 positions in common, counted across the 41 positions we hold weights for in NDVG and 505 in VOO.
Which pays a higher dividend, NDVG or VOO?
NDVG yields 1.09% while VOO yields 1.08%, so NDVG currently pays the higher dividend yield.
Is VOO better than NDVG?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 43.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.