Vanguard Quietly Changed the Index Behind Your VUG ETF. Here's What Happens to Your Portfolio

Vanguard changed the benchmark for the Vanguard Growth ETF (VUG) on July 29, 2026, switching from the CRSP US Large Cap Growth Index to the Morningstar US Large Cap Growth Index. The move is primarily an index-tracking/benchmark update and is unlikely to materially alter the ETF’s investment profile or broader market pricing.

Analysis

Vanguard changed the benchmark for the Vanguard Growth ETF (VUG) on July 29, 2026, switching from the CRSP US Large Cap Growth Index to the Morningstar US Large Cap Growth Index. The move is primarily an index-tracking/benchmark update and is unlikely to materially alter the ETF’s investment profile or broader market pricing.