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<h2>Key Points</h2><ul><li>The Vanguard Russell 1000 Growth ETF has a lower expense ratio of 0.06% and manages $44.9 billion in assets under management (AUM).</li><li>The Vanguard S&amp;P 500 Growth ETF provided a higher 1-year total return of 38% while maintaining a higher trailing-12-month dividend yield.</li><li>The Vanguard Russell 1000 Growth ETF includes more than double the number of holdings with 387 stocks compared to 144 in the Vanguard S&amp;P 500 Growth ETF.</li><li>10 stocks we like better than Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF ›</li></ul><p>The <strong>Vanguard Russell 1000 Growth ETF</strong> <span class="ticker">(NASDAQ:VONG)</span> offers a broader exposure to the large-cap growth segment with a slightly lower expense ratio than the more concentrated <strong>Vanguard S&amp;P 500 Growth ETF</strong> <span class="ticker">(NYSEMKT:VOOG)</span>.</p><p>Both funds target the U.S. large-cap growth sector, providing investors with exposure to fast-growing companies that typically reinvest earnings rather than paying high dividends. While the Vanguard S&amp;P 500 Growth ETF focuses on the growth components of the S&amp;P 500, the Vanguard Russell 1000 Growth ETF tracks a wider index of the top 1,000 U.S. companies, offering a different take on the growth factor.</p><h2 id="snapshot-cost-amp-size">Snapshot (cost &amp; size)</h2><section><table><tbody><tr><th>Metric</th><th>VOOG</th><th>VONG</th></tr><tr><td>Issuer</td><td>Vanguard</td><td>Vanguard</td></tr><tr><td>Expense ratio</td><td>0.07%</td><td>0.06%</td></tr><tr><td>1-yr return (as of April 30, 2026)</td><td>37.17%</td><td>29.87%</td></tr><tr><td>Dividend yield</td><td>0.54%</td><td>0.51%</td></tr><tr><td>Beta</td><td>1.11</td><td>1.15</td></tr><tr><td>AUM</td><td>$20.8 billion</td><td>$44.9 billion</td></tr></tbody></table></section><p><em>Beta measures price volatility relative to the S&amp;P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.</em></p><p>The Vanguard Russell 1000 Growth ETF is slightly more affordable for long-term holders with an expense ratio of 0.06%, compared to 0.07% for the Vanguard S&amp;P 500 Growth ETF. Investors looking for current income may find the Vanguard S&amp;P 500 Growth ETF more appealing, as it offers a slightly higher trailing-12-month distribution yield of 0.54%, whereas its Russell-indexed counterpart provides a 0.51% yield.</p><h2 id="performance-amp-risk-comparison">Performance &amp; risk comparison</h2><section><table><tbody><tr><th>Metric</th><th>VOOG</th><th>VONG</th></tr><tr><td>Max drawdown (5 yr)</td><td>(32.70%)</td><td>(32.70%)</td></tr><tr><td>Growth of $1,000 over 5 years (total return)</td><td>$1,938.00</td><td>$1,901.00</td></tr></tbody></table></section><h2 id="whatx27s-inside">What's inside</h2><p>The Vanguard Russell 1000 Growth ETF holds 387 stocks, offering broader diversification across the large-cap growth universe. Its sector tilt includes 50% in technology, 13% in consumer cyclical, and 12% in communication services. Top holdings include <strong>NVIDIA</strong> <span class="ticker">(NASDAQ:NVDA)</span> at 12.90%, <strong>Apple</strong> <span class="ticker">(NASDAQ:AAPL)</span> at 11.61%, and <strong>Microsoft</strong> <span class="ticker">(NASDAQ:MSFT)</span> at 8.80%. Launched in 2010, the fund has a trailing-12-month dividend of $0.56 per share. This portfolio includes many mid-cap growth names that fall outside the traditional S&amp;P 500 criteria.</p><p>The Vanguard S&amp;P 500 Growth ETF is more concentrated with 144 holdings, focusing strictly on the growth tier of the S&amp;P 500 index. Also launched in 2010, it has paid $1.72 per share over the trailing 12 months. Its sector weights are 48% in technology, 17% in communication services, and 10% in financial services. Its largest positions include NVIDIA at 14.60%, Microsoft at 9.47%, and Apple at 6.42%. Because it draws from a narrower pool of companies, its top positions often command a larger share of the total assets under management (AUM).</p><p>For more guidance on ETF investing, check out the full guide at this link.</p><h2 id="what-this-means-for-investors">What this means for investors</h2><p>Investing in large-cap stocks are a key component of many portfolios, and Vanguard offers two distinct ways to gain exposure here. Both ETFs focus strictly on companies exhibiting high growth to deliver strong returns.</p><p>The Vanguard S&amp;P 500 Growth ETF (VOOG) targets only high-growth companies in the S&amp;P 500 universe. This leads to a much smaller set of stocks than VONG, which means the fund’s performance depends on these handful of businesses. However, the approach helped VOOG deliver a far greater one-year return than VONG. This ETF is for investors who want to zero in on growth businesses within the S&amp;P 500.</p><p>The Vanguard Russell 1000 Growth ETF (VONG) offers broad exposure to high-growth businesses, given its much larger 387 holdings. This helps the fund reduce reliance on a few companies to power performance. It also features a higher AUM, providing greater liquidity for active traders.  VONG is best for investors who want more diversification in a fund’s stocks to help offset risk.</p><h2>Should you buy stock in Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF right now?</h2>
<p>Before you buy stock in Vanguard Scottsdale Funds - Vanguard Russell 1000 Growth ETF, consider this:</p>
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<p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $496,473</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,216,605</strong>!*</p>
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<p style="color: #767676; text-align: left"><em>*Stock Advisor returns as of May 4, 2026. </em></p><p><em>Robert Izquierdo has positions in Apple, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.</em></p>
<p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
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VONG

VOOG

<p>The Vanguard Russell 1000 Growth ETF (VONG) has a lower expense ratio of 0.06% and manages $44.9 billion in assets, while the Vanguard S&P 500 Growth ETF (VOOG) has a 1-year return of 38% and a higher dividend yield of 0.54%. VONG offers broader diversification with 387 stocks compared to VOOG's 144. Both ETFs target high-growth companies, but VONG provides more liquidity and reduced reliance on a few stocks, making it suitable for investors seeking diversification. VOOG is better for those focusing on high-growth companies within the S&P 500.</p>

nasdaq

Vanguard Russell 1000 Growth

VG S&P 500 Grw

S&P 500

NVIDIA

Apple

Microsoft

Netflix

NVIDIA Corporation

Which Is the Better Vanguard Large-Cap ETF, VOOG's Focus on the S&P 500 or VONG's Russell 1000?