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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.

Updated September 30, 2026

How these figures are calculated: methodology.

Best for

  • VONGInvestors who want a growth tilt and can accept bigger swings for higher upside.
  • VONVInvestors who want higher current income (1.56% vs 0.45% for VONG).

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Visual comparison

Key metrics

Projected income on $10K

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

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

VONG has lagged VONV over the trailing twelve months, posting a 7.98% total return against 24.03%. The picture flips over 10 years, though — VONG has compounded at 18.14% a year, ahead of VONV at 11.44%. VONV has been the steadier holding, though — annualized volatility of 13.0% against 19.5% 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.
SymbolYTD cumulative1Y cumulative3Y annualized5Y annualized10Y annualizedSince Sep 2010Volatility Sharpe Sortino Max drawdown
VONG6.56%7.98%23.89%13.42%18.14%16.58%19.5%0.871.26-23.3%
VONV18.15%24.03%20.50%11.51%11.44%11.83%13.0%1.101.59-15.7%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Sep 2010” measures every fund from September 24, 2010 — the start of shared available history — 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.

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
Underlying indexRussell 1000 Growth IndexVanguard Russell 1000 Value Index
Last Close$128.93 as of September 30, 2026$108.70 as of September 30, 2026
Distribution rate0.45%1.56%
Trailing 12-month yield0.45%1.60%
Distribution Safety Score™ 96100
Safety-Adjusted Yield 0.43%1.56%
Expense ratio0.06%0.06%
AUM$47.4B$22.2B
Distribution frequencyQuarterlyQuarterly
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
Beta1.210.78
Last dividend$0.145$0.423
Ex-dividend date09/23/202609/23/2026

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 (1.56% vs 0.45% for VONG).

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Vanguard
ETFs116
Total AUM$4677B

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.

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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 1.56% vs 0.45% for VONG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They have different reference exposures: VONG is linked to Russell 1000 Growth Index while VONV is linked to Vanguard Russell 1000 Value Index, which means their performance drivers differ.

VONG is the larger fund by assets ($47.4B), but assets alone do not establish trading costs or liquidity.

Deep dive

Yield & income

On a $10,000 investment, VONG would generate roughly $11.25 cash per distribution, while VONV would produce $39.00 cash per distribution, at current distribution rates. Both pay quarterly distributions.

VONG yield0.45%
VONV yield1.56%
Cash diff on $10K$27.75

Cost & efficiency

Over 10 years on $10,000, VONG would cost approximately $60 in fees vs $60 for VONV (simplified, not compounded). Both charge the same expense ratio.

VONG ER0.06%
VONV ER0.06%

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 1.21 for VONG and 0.78 for VONV, making VONV the less volatile of the two by this measure.

VONG beta1.21
VONV beta0.78

Fund details

VONG is managed by Vanguard (launched 09/20/2010) with $47.4B in assets. VONV is managed by Vanguard (launched 09/20/2010) with $22.2B in assets.

VONG AUM$47.4B
VONV AUM$22.2B
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Frequently asked questions

What is the current distribution rate for VONG and VONV?

VONG currently distributes 0.45% and VONV 1.56%, based on fund data updated September 2026. Distribution rate 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 0.78 vs 1.21 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 0.06%, 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 $11.25 cash per distribution ($45.00 annually). The same in VONV would produce about $39.00 cash per distribution ($156.00 annually).

Which has performed better historically, VONG or VONV?

VONG has lagged VONV over the trailing twelve months, posting a 7.98% total return against 24.03%. The picture flips over 10 years, though — VONG has compounded at 18.14% a year, ahead of VONV at 11.44%. VONV has been the steadier holding, though — annualized volatility of 13.0% against 19.5% 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 September 26, 2026.

Overview

VONG and VONV are both Vanguard ETFs that track the Russell 1000 Index, but they slice the U.S. large-cap market into two opposing styles: VONG targets growth companies, while VONV targets value companies. Both use the same expense ratio and quarterly distribution schedule, making the comparison primarily a choice between growth and value exposure. The most immediate difference shows up in yield: VONV distributes 1.56%, more than three times VONG's 0.45%, reflecting the higher dividend payout culture of value stocks. The two ETFs also show markedly different systematic risk profiles. VONG carries a beta of 1.21, meaning it amplifies broad market moves by about 21%; VONV's beta is 0.78, suggesting it dampens downswings and captures less of sharp rallies. VONG's asset base of $47.4B is roughly twice that of VONV at $22.2B, though both carry the same 0.06% expense ratio.

Who each is best for

VONG: Fits investors seeking exposure to earnings-driven upside in large-cap stocks and who are comfortable with higher volatility and lower near-term cash payouts in exchange for potential price appreciation.

VONV: Fits investors who prioritize steady dividend income over capital growth and prefer lower sensitivity to sharp market declines, making it suitable for those building a diversified income stream or nearing distribution-heavy years.

Key risks to know

  • Beta mismatch in portfolio construction. VONG's 1.21 beta and VONV's 0.78 beta will behave differently in downturns and rallies; holding both may introduce unintended timing or sequence-of-returns risk if not sized with a clear strategic intent.
  • Style-based concentration. Growth and value cycles move independently. A prolonged value rally can leave VONG trailing meaningfully; conversely, extended growth dominance can suppress VONV's returns. Neither fund diversifies away style risk—they intensify it.
  • Sector tilts within large-cap. The Russell 1000 Growth Index and Russell 1000 Value Index do not hold identical stocks; their sector and single-stock weightings diverge, so overlaps in holdings cannot be assumed. This creates sector and concentration exposure that varies between them.
  • Dividend sustainability in downturns. VONV's higher 1.56% distribution rate reflects current valuations and payout ratios; a severe earnings contraction could pressure dividend coverage in value stocks more acutely than in growth peers.

Bottom line

If you seek capital appreciation and can tolerate higher volatility, VONG's growth tilt and lower yield fit a longer time horizon; if you prioritize steady income and reduced drawdown sensitivity, VONV's 1.56% yield and 0.78 beta offer different trade-offs. The choice hinges on whether your portfolio calls for growth or value exposure—a decision separate from individual fund quality, since both carry identical costs and credible index tracking. Past performance of either style does not predict future results.

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

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These comparisons follow the Dividend Vision methodology.