VUG — Vanguard Morningstar Growth ETF

VUG Price Performance — Growth of $10,000

Value of a $10,000 investment in VUG over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VUG Drawdown

The "underwater" chart: VUG's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Morningstar Growth ETF is a US Large Cap Growth fund issued by Vanguard with $392 billion in assets under management. It holds a B grade and ranks 6th out of 13 peers in its category, placing it 113th among all tracked ETFs. The fund’s 0.03% expense ratio is significantly lower than the category median of 0.15%, while its 0.37% dividend yield trails the median of 0.41%. Concentration is notable, with the top 10 holdings comprising 60.4% of assets and NVIDIA Corp representing the largest single position at 12.6%.

The fund’s price of $92.42 sits at 97.5% of its 52-week range, reflecting strong recent momentum. Short-term returns show acceleration, with the one-month gain of 4.98% leading to a 21.62% increase over six months. This upward trend continues into the longer term, where the one-year return of 14.82% matches the category median and the three-year return stands at 100.02%. The ETFValuer grade was upgraded from C to B on 2026-09-21, coinciding with this performance trajectory. Historical data is available for 3.0 years, providing a limited but relevant track record for analysis.

With a beta of 1.27, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 17.98% is classified as Moderate, while the Sharpe ratio of 0.55 indicates the risk-adjusted return profile. The maximum drawdown of -22.85% highlights the potential for significant temporary losses during downturns. Liquidity is robust, supported by an average daily volume of 6,153,718 shares, which facilitates efficient trading.

AI-generated summary based on the data on this page.

VUG Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 60.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VUG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VUG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VUG's top 10 — SCHG overlaps most, holding 9 of the same companies as VUG's top 10 (60.4% of VUG's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VUG Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 6.2M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $392B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VUG is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VUG Performance History

How VUG Compares to Other US Large Cap Growth ETFs