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.
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Vanguard is known for offering low-cost, passively managed ETFs that emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.
See our curated list of related YouTube videos on VONG and VONV.
Track the Russell 1000 Growth Index, providing exposure to large- and mid-cap U.S. growth companies.
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Asset class
Equity
Equity
Inception date
09/20/2010
09/20/2010
Beta
1.19
0.8
Last dividend
$0.1590
$0.4100
Ex-dividend date
06/18/2026
06/18/2026
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 (1.52% vs 0.50% for VONG).
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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 15.60% total return against 27.52%. The picture flips over 10 years, though — VONG has compounded at 18.04% a year, ahead of VONV at 11.36%. VONV has been the steadier holding, though — annualized volatility of 13.0% against 19.4% for VONG. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 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 1.52% vs 0.50% 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 ($44.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, VONG would generate roughly $4.17/month, while VONV would produce $12.67/month, at current distribution rates. Both pay quarterly distributions.
VONG yield0.50%
VONV yield1.52%
Monthly diff on $10K$8.50
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 1.19 for VONG and 0.8 for VONV, indicating VONV is less volatile relative to the market.
VONG beta1.19
VONV beta0.8
Fund details
VONG is managed by Vanguard (launched 09/20/2010) with $44.0B in assets. VONV is managed by Vanguard (launched 09/20/2010) with $19.7B in assets.
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Frequently asked questions
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.
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 $4.17 per month ($50.00 annually). The same in VONV would produce about $12.67 per month ($152.00 annually).
Which has performed better historically, VONG or VONV?
VONG has lagged VONV over the trailing twelve months, posting a 15.60% total return against 27.52%. The picture flips over 10 years, though — VONG has compounded at 18.04% a year, ahead of VONV at 11.36%. VONV has been the steadier holding, though — annualized volatility of 13.0% against 19.4% for VONG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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