Google parent company Alphabet ( Nasdaq: GOOGL ) has a 3.1% weighting in VOOG and is helping to keep the ETF afloat today. Alphabet's Q1 earnings report surpassed analyst expectations on both the top and bottom lines, sending the stock 4% higher on the day. Alphabet management also cautioned that it is not immune from tariffs as a trade loophole ended by President Trump would result in "slight headwinds" for its ads business, which was a bright spot for growth in Q1.