Value Or Growth? Vanguard ETFs for Both Sides of the Debate February 22, 2021 With a risk-on sentiment permeating through a recovering economy, is it best to follow a growth-based strategy or a value-based plan? Either way, ETF investors should take a look at the For growth seekers, VUG tracks the performance of a benchmark index that measures the investment return of the CRSP US Large Cap Growth Index. The fund employs an indexing investment approach designed to track the performance of index, a broadly diversified index predominantly made up of growth stocks of large U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. VUG’s expense ratio comes in at a low 0.04%.