Vanguard Morningstar Growth ETF (VUG)
$87.93−2.06%close of Oct 16, 2026
Vanguard Morningstar Growth ETF (VUG) is an exchange-traded fund (ETF) run by Vanguard. This fund owns shares of large US companies whose earnings are growing, or are expected to grow, faster than average. It charges 0.03% a year. From January 2004 to October 2026 it returned about 12.1% a year, and its worst drop was −50.7%.
Written by the Tactfolio research team. Fund facts checked October 16, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.03%
- about $3 on $10,000
- 1-year return
- 11.3%
- to Oct 16, 2026
- Return per year
- 12.1%
- since January 2004
- Worst drop
- −50.7%
- since 2004
- Below its high
- −5.1%
- now
- Volatility
- 20.0%
- yearly swings
- Issuer
- Vanguard
- Tracks
- Morningstar US Large Cap Growth Index
- Started trading
- January 26, 2004
- Type
- US stocks, ETF
- Holdings
- 135 holdings as of September 30, 2026
- Expense ratio
- 0.03% a year
How has VUG done since 2004?#
From January 2004 to October 2026, VUG returned about 12.1% a year. The S&P 500 returned about 10.8% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $134,384 at the end, with every dividend reinvested.
| Period | VUG | S&P 500 (SPY) |
|---|---|---|
| 1 month | 1.1% | 1.5% |
| 3 months | 1.7% | 1.9% |
| 6 months | 8.7% | 9.3% |
| Year to date | 8.5% | 12.8% |
| 1 year | 11.3% | 16.8% |
| 3 years per year | 23.9% | 22.0% |
| 5 years per year | 12.4% | 12.8% |
| 10 years per year | 17.9% | 15.4% |
| Since 2004 per year | 12.1% | 10.8% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
VUG returns by month and year#
VUG rose in 170 of its 273 months (62%). Its best month was April 2020, at 15.1%. Its worst was October 2008, at −17.8%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.5% | −1.3 | −4.3 | −5.1 | 14.3 | 7.7 | −3.7 | −1.1 | 3.6 | 2.2 | −2.4 | ||
| 2025 | 19.4% | 1.9 | −3.0 | −8.5 | 2.0 | 9.2 | 6.2 | 3.8 | 0.8 | 4.7 | 4.0 | −1.6 | −0.5 |
| 2024 | 32.7% | 2.2 | 7.1 | 1.4 | −4.2 | 6.3 | 6.8 | −1.8 | 2.3 | 2.4 | −0.3 | 6.8 | 0.5 |
| 2023 | 46.8% | 10.4 | −1.4 | 7.8 | 1.0 | 5.2 | 6.9 | 3.4 | −1.1 | −5.7 | −1.8 | 11.6 | 4.3 |
| 2022 | −33.2% | −9.4 | −4.6 | 3.8 | −12.9 | −2.7 | −8.5 | 13.0 | −5.0 | −10.4 | 4.1 | 4.6 | −8.4 |
| 2021 | 27.4% | −1.0 | 0.9 | 1.8 | 6.9 | −1.4 | 6.0 | 3.2 | 3.7 | −5.3 | 8.3 | 0.7 | 1.6 |
| 2020 | 40.3% | 3.1 | −6.5 | −10.6 | 15.1 | 7.1 | 4.9 | 7.6 | 10.1 | −4.7 | −3.0 | 10.4 | 4.2 |
| 2019 | 37.0% | 9.2 | 3.7 | 3.1 | 4.7 | −6.3 | 6.8 | 2.3 | −0.6 | 0.3 | 2.6 | 4.0 | 3.0 |
| 2018 | −3.3% | 6.8 | −2.9 | −2.5 | 0.3 | 4.4 | 1.2 | 2.5 | 4.7 | 0.5 | −9.1 | 0.6 | −8.4 |
| 2017 | 27.7% | 3.5 | 4.4 | 1.3 | 2.3 | 2.8 | −0.4 | 2.5 | 1.2 | 1.0 | 2.9 | 2.4 | 0.9 |
| 2016 | 6.3% | −6.0 | −0.4 | 7.2 | −0.8 | 2.5 | −0.7 | 4.8 | −0.3 | 0.6 | −2.6 | 1.2 | 1.2 |
| 2015 | 3.2% | −1.5 | 6.3 | −3.9 | 2.8 | 1.5 | −1.6 | 3.3 | −6.3 | −2.9 | 9.0 | 0.2 | −2.4 |
| 2014 | 13.6% | −3.0 | 5.6 | −1.6 | 0.0 | 3.6 | 2.4 | −1.6 | 4.6 | −1.8 | 3.0 | 3.1 | −0.9 |
| 2013 | 32.5% | 4.4 | 0.8 | 3.8 | 1.6 | 1.7 | −2.1 | 5.6 | −1.8 | 4.8 | 4.3 | 2.4 | 3.4 |
| 2012 | 17.0% | 6.3 | 4.8 | 3.5 | −0.3 | −6.3 | 2.9 | 1.2 | 3.4 | 2.1 | −3.1 | 2.0 | 0.1 |
| 2011 | 1.8% | 1.9 | 2.8 | 0.3 | 3.1 | −0.7 | −1.4 | −0.7 | −5.7 | −7.4 | 11.6 | −0.2 | −0.5 |
| 2010 | 17.2% | −4.6 | 3.9 | 5.9 | 1.5 | −8.3 | −5.7 | 7.5 | −4.7 | 10.8 | 5.2 | 1.0 | 5.5 |
| 2009 | 36.1% | −4.9 | −7.5 | 7.9 | 10.0 | 4.6 | 1.2 | 7.1 | 2.0 | 4.3 | −1.3 | 6.0 | 3.3 |
| 2008 | −38.0% | −8.0 | −1.1 | −1.0 | 6.0 | 3.5 | −6.7 | −1.6 | 1.2 | −11.2 | −17.8 | −8.7 | 1.3 |
| 2007 | 12.5% | 2.6 | −1.8 | 0.5 | 4.4 | 3.5 | −1.0 | −2.1 | 1.9 | 4.5 | 3.0 | −3.2 | 0.1 |
| 2006 | 9.2% | 2.2 | −0.3 | 1.5 | 0.0 | −3.4 | −0.4 | −2.2 | 3.1 | 2.9 | 3.3 | 2.4 | 0.0 |
| 2005 | 5.0% | −3.1 | 1.4 | −1.9 | −2.4 | 5.4 | −0.3 | 4.4 | −1.4 | 0.5 | −0.8 | 4.2 | −0.5 |
| 2004 | 5.0% | 1.0 | −1.6 | −0.9 | 1.3 | 1.1 | −5.7 | −0.9 | 1.9 | 1.4 | 4.2 | 3.5 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is VUG compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 1.26. When the S&P 500 moved 1% in a day, VUG tended to move about 1.26%.
- Correlation 0.96. VUG mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, VUG rose 111% as much on average. In months it fell, VUG fell 118% as much.
| Measure | VUG | S&P 500 (SPY) |
|---|---|---|
| Return per year | 12.2% | 12.8% |
| Volatility | 22.5% | 17.1% |
| Worst drop | −35.6% | −24.5% |
| Sharpe ratio | 0.63 | 0.79 |
| Sortino ratio | 0.90 | 1.15 |
| Calmar ratio | 0.34 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is VUG above its 200-day average?#
VUG closed 5.3% above its 200-day average on October 16, 2026. A rule that holds VUG only above that average would hold it today.
- vs 200-day average
- +5.3%
- above it
- 50-day vs 200-day
- +6.7%
- trend rising
- vs 52-week high
- −5.1%
- high of $92.64
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for VUG and backtest it in a minute.
What was VUG’s worst drop?#
A drawdown is how far a fund falls from its last high point. VUG’s worst fall was −50.7%, from October 31, 2007 to March 9, 2009. It got back to that high on February 8, 2011. On October 16, 2026 it was 5.1% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −50.7% | Oct 31, 2007 | Mar 9, 200916 months | Feb 8, 201123 months |
| −35.6% | Nov 19, 2021 | Nov 3, 202211 months | Jan 23, 202415 months |
| −31.8% | Feb 19, 2020 | Mar 23, 202033 days | Jun 8, 20203 months |
| −22.9% | Feb 19, 2025 | Apr 8, 20252 months | Jun 24, 20253 months |
| −22.3% | Oct 1, 2018 | Dec 24, 20183 months | Apr 12, 20194 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does VUG hold?#
This fund owns shares of large US companies whose earnings are growing, or are expected to grow, faster than average. These are called growth stocks. A few very large technology companies make up a big part of the fund.
It tracks the Morningstar US Large Cap Growth Index. It had 135 holdings as of September 30, 2026, according to Vanguard.
What is the VUG expense ratio?#
VUG charges 0.03% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.03% fee comes to about $3 a year. Of the 162 ETFs on Tactfolio, 85% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold VUG?#
One classic strategy holds VUG at least some of the time. Each is a set of written rules you can open, test and copy.
- Papa Bear Portfolio (Muscular Portfolios), by Brian Livingston, 2018
How does VUG compare with similar ETFs?#
Side-by-side pages measure both funds over the same dates:
- VOO vs VUG: the S&P 500 against large US growth companies.
Funds that can stand in for VUG:
- SCHG: Schwab U.S. Large-Cap Growth ETF, 0.04% a year
- SPYG: State Street SPDR Portfolio S&P 500 Growth ETF, 0.04% a year
- MGK: Vanguard Morningstar Mega Cap Growth ETF, 0.05% a year
- VONG: Vanguard Russell 1000 Growth ETF, 0.06% a year
See all 8 VUG alternatives, compared on the same dates as VUG.
Test VUG in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add VUG, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for VUG and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from Vanguard. We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of VUG?#
VUG charges 0.03% a year, according to Vanguard as of October 16, 2026. That is about $3 a year for every $10,000 you hold.
When did VUG start trading?#
VUG started trading on January 26, 2004. It is run by Vanguard.
What does VUG track?#
VUG tracks the Morningstar US Large Cap Growth Index. This fund owns shares of large US companies whose earnings are growing, or are expected to grow, faster than average.
How much has VUG returned per year?#
From January 2004 to October 2026, VUG returned about 12.1% a year with dividends reinvested. Its worst drop was −50.7%. Past returns do not tell you what it will do next.
Is VUG above its 200-day moving average?#
On October 16, 2026, VUG closed 5.3% above its 200-day moving average. This page updates after each US market close.
Which strategies use VUG?#
One of Tactfolio’s classic strategies hold VUG, including Papa Bear Portfolio (Muscular Portfolios).