What are the differences between security groups in a VPC and network ACLs in a VPC?

Security groups in a VPC specify which traffic is allowed to or from an Amazon EC2 instance. Network ACLs operate at the subnet level and evaluate traffic entering and exiting a subnet. Network ACLs can be used to set both Allow and Deny rules. Network ACLs do not filter traffic between instances in the same subnet. In addition, network ACLs perform stateless filtering while security groups perform stateful filtering.