DV
Dividend Vision

ETF Comparison

VONG vs VONV: Which Is the Better Pick in 2026?

A head-to-head comparison of Vanguard Russell 1000 Growth ETF and Vanguard Russell 1000 Value Index Fund ETF Shares covering yield, cost, risk, and income potential.

Data updated August 14, 2026

Best for

  • VONGInvestors who want a growth tilt and can accept bigger swings for higher upside.
  • VONVInvestors who want higher current income (1.45% vs 0.49% for VONG).

Jump to the side-by-side numbers

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricVONGVONV
Full nameVanguard Russell 1000 Growth ETFVanguard Russell 1000 Value Index Fund ETF Shares
IssuerVanguardVanguard
Last Close$129.00 as of August 14, 2026$113.42 as of August 14, 2026
Distribution yield0.49%1.45%
Distribution Safety Score™ 96100
Expense ratio0.08%0.08%
AUM$45.7B$21.9B
Distribution frequencyQuarterlyQuarterly
Underlying indexRussell 1000 Growth IndexVanguard Russell 1000 Value Index
ObjectiveTrack the Russell 1000 Growth Index, providing exposure to large- and mid-cap U.S. growth companies.—
Asset classEquityEquity
Inception date09/20/201009/20/2010
Beta1.20.79
Last dividend$0.1590$0.4100
Ex-dividend date06/18/202606/18/2026

Bottom lineChoose VONG if you want a growth tilt and can accept bigger swings for higher upside. Choose VONV if you want higher current income (1.45% vs 0.49% for VONG).

Model this comparison:
Compare in my portfolio Forecast income Save to watchlist

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

Vanguard
ETFs116
Total AUM$4658B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Vanguard is one of the largest and most established ETF issuers, known for low-cost, broadly diversified fund offerings built on passive indexing principles. Their lineup spans multiple asset classes and strategies, including core equity and bond index funds, dividend-focused portfolios, ESG-screened options, factor-based strategies, sector exposure, target-date retirement funds, and international investments across developed and emerging markets. The platform is characterized by its emphasis on accessibility and cost efficiency across a comprehensive range of fund families, serving both individual investors seeking broad market exposure and those pursuing specific income, sustainability, or thematic objectives.

See our curated list of related YouTube videos on VONG and VONV.

See all Vanguard ETFs

Want to go deeper?

Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — free to start, no credit card.

Compare in my portfolio Forecast income Save to watchlist

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

VONG has lagged VONV over the trailing twelve months, posting a 12.01% total return against 32.11%. The picture flips over 10 years, though — VONG has compounded at 17.94% a year, ahead of VONV at 11.76%. VONV has been the steadier holding, though — annualized volatility of 13.1% against 19.6% for VONG. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1Y3Y5Y10YSince Sep 2010Volatility Sharpe Sortino Max drawdown
VONG6.50%12.01%22.70%12.84%17.94%16.72%19.6%0.821.18-23.3%
VONV22.81%32.11%19.51%11.90%11.76%12.21%13.1%1.031.48-15.7%

Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of August 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2010” measures every fund from September 24, 2010 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Quick verdict

VONG (Vanguard Russell 1000 Growth ETF) and VONV (Vanguard Russell 1000 Value Index Fund ETF Shares) are both quarterly-pay dividend ETFs, but they take different approaches.

VONV offers the higher yield at 1.45% vs 0.49% for VONG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They track different benchmarks: VONG is linked to Russell 1000 Growth Index while VONV tracks Vanguard Russell 1000 Value Index, which means their performance drivers differ.

VONG is the larger fund by assets ($45.7B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, VONG would generate roughly $4.08/month, while VONV would produce $12.08/month, at current distribution rates. Both pay quarterly distributions.

VONG yield0.49%
VONV yield1.45%
Monthly diff on $10K$8.00

Cost & efficiency

Over 10 years on $10,000, VONG would cost approximately $80 in fees vs $80 for VONV (simplified, not compounded). Both charge the same expense ratio.

VONG ER0.08%
VONV ER0.08%

Strategy & risk

VONG tracks Russell 1000 Growth Index with a large cap approach, while VONV tracks Vanguard Russell 1000 Value Index with a large cap approach. Beta is 1.2 for VONG and 0.79 for VONV, indicating VONV is less volatile relative to the market.

VONG beta1.2
VONV beta0.79

Fund details

VONG is managed by Vanguard (launched 09/20/2010) with $45.7B in assets. VONV is managed by Vanguard (launched 09/20/2010) with $21.9B in assets.

VONG AUM$45.7B
VONV AUM$21.9B
Ready to act?
Open in Comparator Model in portfolio See pricing

Enjoyed this page?

Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.

Frequently asked questions

What is the current distribution yield for VONG and VONV?

VONG currently distributes 0.49% and VONV 1.45%, based on fund data updated August 2026. Distribution yield moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is VONG or VONV better for dividend income?

It depends on your goals. VONV currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between VONG and VONV?

VONG (Vanguard Russell 1000 Growth ETF) tracks Russell 1000 Growth Index with a large cap approach, while VONV (Vanguard Russell 1000 Value Index Fund ETF Shares) tracks Vanguard Russell 1000 Value Index with a large cap approach. They are issued by Vanguard and Vanguard respectively.

Can I hold both VONG and VONV?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is VONG or VONV safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — VONV scores 100, VONG scores 96, so VONV's payout currently looks the more resilient of the two. VONV has also shown lower price volatility (beta 0.79 vs 1.20 for VONG). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, VONG or VONV?

VONG and VONV both charge the same expense ratio of 0.08%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in VONG vs VONV generate?

At current rates, $10,000 in VONG would generate roughly $4.08 per month ($49.00 annually). The same in VONV would produce about $12.08 per month ($145.00 annually).

Which has performed better historically, VONG or VONV?

VONG has lagged VONV over the trailing twelve months, posting a 12.01% total return against 32.11%. The picture flips over 10 years, though — VONG has compounded at 17.94% a year, ahead of VONV at 11.76%. VONV has been the steadier holding, though — annualized volatility of 13.1% against 19.6% for VONG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

VONG vs VONV — at a glance

Generated August 15, 2026.

Overview

VONG and VONV are both Vanguard index ETFs that divide the large-cap U.S. equity market into its two major style buckets: growth and value. VONG tracks the Russell 1000 Growth Index and captures companies with higher earnings growth and price-to-book ratios, while VONV tracks the Russell 1000 Value Index and holds companies trading at lower valuations relative to fundamentals. The key distinction is style exposure—not market cap or diversification—and the different risk and income profiles that flow from it.

How they differ

The most obvious difference is their underlying indexes and the companies they hold. VONG targets growth stocks with beta of 1.2, meaning it typically swings about 20% wider than the broad market; VONV targets value stocks with beta of 0.79, trading more defensively. On yield, VONV distributes 1.45% annually versus VONG's 0.49%—a 96-basis-point spread—because value companies tend to pay higher dividends, while growth companies reinvest earnings. Both charge the same 0.08% expense ratio, but VONG holds substantially more assets at $45.7B compared to VONV's $21.9B, which often translates to tighter bid-ask spreads and lower trading friction.

Who each is best for

  • VONG: Fits investors seeking exposure to large-cap companies with stronger earnings growth trajectories and willing to tolerate higher price volatility in exchange for capital appreciation over long holding periods.
  • VONV: Fits investors prioritizing current dividend income alongside equity exposure and preferring stocks that historically exhibit lower volatility relative to broad market moves.

Key risks to know

  • Style rotation risk. Growth and value styles move in and out of favor over multi-year cycles. A prolonged value outperformance period would benefit VONV but pressure VONG; the reverse holds during growth-led markets.
  • Beta divergence and volatility. VONG's 1.2 beta means it amplifies market downturns, particularly during risk-off periods when growth stocks are sold first; VONV's 0.79 beta offers more downside cushion but also caps upside capture.
  • Dividend sustainability in value. The 1.45% yield in VONV depends on dividend policies and earnings stability among its holdings. Economic slowdowns or corporate payout cuts would reduce both income and price support.
  • Concentration within style. Both ETFs expose investors to the particular characteristics of their index constituents; if the largest holdings within each style lag, both can underperform broader market benchmarks.

Bottom line

If you're building for growth and can weather volatility, VONG's lower yield and higher beta reflect a pure capital-appreciation tilt; if you value current income and smoother downside, VONV's higher distribution and lower beta shift the balance toward dividend yield and stability. Remember that past performance in either style doesn't predict which will lead in the next market cycle.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

Dividend growth vs. high yield Yield on cost, explained How expense ratios eat returns

Still deciding? Compare them against your own portfolio

See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.

Start Free Open in Comparator Browse Screener