VO vs VUG

VO vs VUG

Which is better, VO or VUG?

Mid Cap Blend against Large Cap Growth.

VUG led over 1Y, 3Y, 5Y and the full window. VO is less concentrated, with 9.1% of the fund in its ten largest positions against 63.6%.

Lower Fees: TiedHigher Returns: VUGLess Concentrated: VO

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

MetricVOVUG
Expense Ratio0.03%Tie0.03%Tie
AUM$106.6B$219.5B
Dividend Yield1.30%0.38%
Holdings289146
YTD Return+10.11%Best+9.77%
1Y Return+11.13%+12.34%Best
3Y Return (annualized)+15.98%+24.08%Best
5Y Return (annualized)+7.59%+13.00%Best
Volatility (annualized)16.9%16.5%Best
Max Drawdown-60.3%-51.4%Best
$10,000 over 5 years$14,416$18,424Best
Top 10 Weight9.1%Best63.6%
Fund FamilyVanguard (US)Vanguard (US)
CategoryEquityEquity
StyleMid Cap BlendLarge Cap Growth
InceptionJan 26, 2004Jan 26, 2004

Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 18, 2026 (22.6 years).

VO vs VUG growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 22.6 years both funds cover.

VO vs VUG Performance

Vanguard Morningstar Mid-Cap ETF (VO) is an ETF from Vanguard (US) and Vanguard Morningstar Growth ETF (VUG) is an ETF from Vanguard (US). Over the past year VO returned +11.13% while VUG returned +12.34%. Year to date, VO is up 10.11% versus a gain of 9.77% for VUG.

Over three years, VO compounded at +15.98% per year against +24.08% for VUG; over five years the annualized figures are +7.59% and +13.00% respectively. Across the full 23-year window we track, VUG has the edge at +11.21% annualized vs +9.01%.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

VO has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.5% for VUG. 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 -60.3% for VO and -51.4% for VUG. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

VO charges 0.03% per year while VUG charges 0.03%. On a $10,000 position that is $3 vs $3 annually. On income, VO currently yields 1.30% against 0.38% for VUG.

Holdings Overlap

VO already in VUG32.3%
VUG already in VO11.5%

32.3% of VO's money is in holdings VUG also owns. 11.5% of VUG's money is in holdings VO also owns.

The two portfolios partly overlap.

86 positions in common, counted across the 283 positions we hold weights for in VO and 147 in VUG, against full books of 289 and 146.

What only one of them owns

Our book lists 61 positions for VUG that do not appear in our book for VO (88.4% of the fund), and 190 for VO that do not appear in VUG (65.2%).

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

StockWeight in VOWeight in VUGDifference
STXSeagate Technology Holdings Plc0.92%0.55%0.37%
WDCWestern Digital Corp Company Guar 11/28 30.90%0.53%0.37%
HWMHowmet Aerospace Inc.1.09%0.33%0.76%
PWRQuanta Services Inc0.96%0.29%0.67%
VRTVertiv Holdings Co0.89%0.27%0.62%
NETCloudflare Inc (180 Day Lockup)0.86%0.27%0.59%
DDOGDatadog Inc0.85%0.27%0.58%
DASHDoordash Inc - A0.70%0.22%0.48%
MSIMotorola Solutions, Inc0.70%0.22%0.48%
TDGTransdigm Group Inc.0.67%0.21%0.46%

32.3% of VO is already inside VUG.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

VOVUG

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Frequently Asked Questions

Which is cheaper, VO or VUG?

VO has an expense ratio of 0.03% while VUG charges 0.03%. At the precision these are quoted to, they cost the same.

Which performed better, VO or VUG?

Over the past year VO returned +11.13% vs +12.34% for VUG, so VUG leads on 1-year performance. Over the longest common window we track (23 years), VO annualized +9.01% vs +11.21% for VUG. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, VO or VUG?

VO has been the more volatile fund at 16.9% annualized versus 16.5% for VUG. Worst drawdown: VO -60.3% vs VUG -51.4%.

Should I hold both VO and VUG?

VO and VUG have a monthly-return correlation of 0.88, 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 VO and VUG?

32.3% of VO's money is in holdings VUG also owns. 11.5% of VUG's is in holdings VO also owns. They hold 86 positions in common, counted across the 283 positions we hold weights for in VO and 147 in VUG.

Which pays a higher dividend, VO or VUG?

VO yields 1.30% while VUG yields 0.38%, so VO currently pays the higher dividend yield.

Is VUG better than VO?

VUG led over 1Y, 3Y, 5Y and the full window. VO is less concentrated, with 9.1% of the fund in its ten largest positions against 63.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.