VOOG: Vanguard's S&P 500 Growth ETF Is Over-Weight Big Tech

Summary

• The Vanguard S&P 500 Growth ETF is down 25.9% during the 2022 bear market -despite the fact that the top big-tech growth companies continue to generate strong free cash flow.
• That being the case, a contrarian investor might think that the lower valuation level of VOOG may mean it is a launching-pad for a high-performance rebound in 2023.
• The fund has a 0.10% expense fee, holds 242 companies and has an average ROE of 32.9% while trading at a still hefty valuation premium to the S&P500.
• Today, I'll take a closer look at the VOOG ETF to see if it might be a good opportunity for investors who might be underweight companies like Apple, Microsoft, Amazon, and Google.

Shahid Jamil

The big high-tech technology stocks have gotten absolutely hammered by the 2022 bear-market. That being the case, the Vanguard S&P 500 Growth ETF (NYSEARCA:VOOG) has gotten creamed as well and has significantly underperformed the broad (

Analyst’s Disclosure:I/we have a beneficial long position in the shares of VOO, GOOG, DIA, QQQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.