Forget VUG. Vanguard's Value Fund Is Beating Its Growth Twin by 11 Points This Year, With None of the Magnificent Seven

One Vanguard large-cap fund is substantially outperforming another this year despite sharing the same issuer, large-cap investment universe, and low fee structure. The performance gap is attributed to exposure to seven widely held stocks, underscoring the outsized effect of concentrated mega-cap leadership on fund returns.