VOOG Ripped 400% Higher In Stunning Run, But 2026 Is Testing Its Limits

"When NVIDIA represents 13.53% of your portfolio, the fund is not a diversified growth vehicle - it carries concentrated exposure to AI infrastructure and semiconductor dominance. Vanguard S&P 500 Growth Index Fund ETF Shares (NYSEARCA:VOOG) delivers exactly what its name promises: the growth half of the S&P 500, stripped of value stocks and rebalanced to capture companies with the strongest earnings acceleration and price momentum."

"The fund's 0.07% expense ratio makes it one of the cheapest ways to access this tilt, and $22.5 billion in assets ensures tight spreads and deep liquidity. VOOG makes money the same way its holdings do: through business appreciation driven by revenue growth, margin expansion, and multiple expansion during favorable rate environments. Information Technology represents 41.4% of the portfolio, with Communication Services adding another 16.7%. That's 58.1% exposure to technology and digital economy sectors-more than double the broad market's allocation."

"The top 10 holdings represent 57.9% of the fund, meaning VOOG's performance lives or dies with NVIDIA, Apple, Microsoft, Broadcom, and Alphabet. There are no derivatives, no options overlay, no capped upside. The fund offers full participation in rallies and full exposure to drawdowns. VOOG's five-year return of 88.53% reflects the sustained dominance of mega-cap technology, outpacing the broad market by nearly 13 percentage points."

VOOG provides the growth half of the S&P 500 by excluding value sectors and rebalancing toward companies with strong earnings acceleration and price momentum. The ETF excludes defensive sectors like utilities, energy, and consumer staples and carries a 0.07% expense ratio and $22.5 billion in assets. Information Technology and Communication Services combine for 58.1% of the portfolio. The top 10 holdings account for 57.9% of assets, with NVIDIA at 13.53%. The fund offers full participation in rallies and drawdowns, has no derivatives or options overlays, and generated 88.53% over five years and 395.47% over a decade.

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