VOO vs. VOOG: Which Vanguard ETF Has More Upside in 2026?

Vanguard’s ETFs are popular among U.S. investors for their low fees and broad market exposure. The Vanguard S&P 500 ETF VOO -1.77% ▼ and Vanguard S&P 500 Growth ETF VOOG -2.85% ▼ both track the S&P 500—but in different ways. Using the TipRanks’ ETF Comparison Tool, we have compared VOO and VOOG on multiple parameters. According to TipRanks’ unique ETF analyst consensus, VOOG currently holds a Strong Buy rating and offers an upside of over 40%, reflecting its growth-focused strategy. VOO, in contrast, carries a Moderate Buy rating with around 31% upside, emphasizing steady, broad-market exposure.

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VOO tracks the S&P 500 in a simple, market-weighted way, giving investors exposure to all 500 large U.S. companies. Meanwhile, VOOG focuses only on the S&P 500’s fastest-growing companies, emphasizing those with strong earnings and revenue growth. As a result, VOOG offers higher potential returns but with more volatility, while VOO provides a more balanced, stable approach.

Let’s look at more details.

**Vanguard S&P 500 ETF VOO -1.77% ▼ **

The Vanguard S&P 500 ETF tracks the S&P 500 Index, which includes roughly 500 of the largest U.S. companies by market capitalization. Because mega-cap firms dominate the index, the ETF is heavily weighted toward the technology sector.

VOO currently holds about 507 stocks and manages roughly $830.4 billion in assets. The fund is also more concentrated at the top compared with broader market ETFs. In fact, its top 10 holdings account for about 36.3% of the portfolio, meaning a handful of mega-cap stocks have a major influence on its performance. VOO’s top 5 positions are Nvidia NVDA -4.16% ▼ , Apple AAPL +0.11% ▲ , Microsoft MSFT -1.37% ▼ , Amazon AMZN -1.97% ▼ , and Alphabet GOOGL -3.44% ▼ .

Additionally, VOO has a very low expense ratio of 0.03%, making it an affordable way to invest in the U.S. stock market.

**Vanguard S&P 500 Growth ETF ****VOOG -2.85% ▼ **

The Vanguard S&P 500 Growth ETF (VOOG) tracks the growth segment of the S&P 500, focusing on large-cap companies with strong earnings momentum. Its top holdings are the same as VOO’s, along with other major names such as Broadcom AVGO -2.95% ▼ and Meta Platforms META -7.96% ▼ . Overall, VOOG holds 142 stocks and manages approximately $20.95 billion in assets.

VOOG is more concentrated than VOO, with its top 10 holdings accounting for nearly 60% of the portfolio. This means much of the ETF’s performance relies on a small group of fast-growing companies. This concentration can amplify returns if these growth leaders perform well, but it also increases risk—if a few of these key stocks stumble, the ETF’s overall performance could be affected more than a broadly diversified fund like VOO.

VOOG has an expense ratio of 0.07%.

Conclusion

For investors seeking steady, broad-market exposure, VOO is a solid choice. For those willing to take on more risk for potentially higher returns, VOOG may be the better option in 2026.

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