Meet the Low-Cost Vanguard ETF With 26.2% Invested in Nvidia and Alphabet, While VOO Has Just 13.4%.

Investors seeking amplified exposure to top-tier artificial intelligence and growth leaders may find the Vanguard Russell 1000 Growth ETF an attractive alternative to broad-market index funds. Due to the FTSE Russell index methodology, which classifies select mega-cap tech giants exclusively as pure-play growth components rather than splitting them with value indexes, the ETF holds a combined 26.2% weighting in Nvidia (14.5%) and Alphabet (11.7%). In contrast, the Vanguard S&P 500 ETF (VOO) allocates just 13.5% combined to these two market leaders. Fundamentally, both Nvidia and Alphabet present compelling growth profiles while trading at reasonable valuations, sporting forward price-to-earnings ratios of 23.8 and 16.5, respectively. Nvidia continues to demonstrate massive earnings expansion, doubling quarterly revenue year-over-year and forecasting 70% top-line growth in fiscal 2028. Alphabet benefits from broad exposure across the AI ecosystem and diversified business segments. The ETF also offers concentrated exposure to key semiconductor players including Broadcom, Micron, and AMD at an expense ratio of 0.06%, providing targeted tech exposure.