Vanguard Mega Cap Value ETF (MGV) belongs to the Large Cap Value Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MGV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MGV
MGV charges 0.05% annually. There are 5 ETFs in the Large Cap Value Equities category with lower expense ratios, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Core S&P U.S. Value ETF | 0.04% | 27.02B | Jul 2000 | MGV vs IUSV | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 35.82B | Sep 2000 | MGV vs SPYV | |
| iShares Morningstar Value ETF | 0.04% | 1.30B | Jun 2004 | MGV vs ILCV | |
| Vanguard Value ETF | 0.04% | 245.00B | Jan 2004 | MGV vs VTV | |
| Schwab U.S. Large-Cap Value ETF | 0.04% | 15.78B | Dec 2009 | MGV vs SCHV |
Best Risk-Adjusted Alternatives to MGV
MGV has a PortfoliosLab risk / return rank of 90. There are 16 ETFs in the Large Cap Value Equities category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI USA Value Factor ETF | 97 | 9.78B | Apr 2013 | MGV vs VLUE | |
| Invesco Dynamic Large Cap Value ETF | 95 | 1.62B | Mar 2005 | MGV vs PWV | |
| Avantis U.S. Large Cap Value ETF | 94 | 16.76B | Sep 2021 | MGV vs AVLV | |
| SEI Enhanced US Large Cap Value Factor ETF | 93 | 956.28M | May 2022 | MGV vs SEIV | |
| Schwab Fundamental U.S. Large Company Index ETF | 93 | 26.25B | Aug 2013 | MGV vs FNDX |
Top Performing MGV Alternatives (YTD)
MGV is at 16.50% YTD. There are 34 ETFs in the Large Cap Value Equities category with higher YTD returns, going as high as 43.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI USA Value Factor ETF | 43.96% | 9.78B | Apr 2013 | MGV vs VLUE | |
| Clough Select Equity ETF | 26.34% | 56.12M | Nov 2020 | MGV vs CBSE | |
| Eventide High Dividend ETF | 22.66% | 150.61M | Sep 2024 | MGV vs ELCV | |
| Avantis U.S. Large Cap Value ETF | 21.95% | 16.76B | Sep 2021 | MGV vs AVLV | |
| VictoryShares Free Cash Flow ETF | 20.99% | 8.17B | Jun 2023 | MGV vs VFLO |
Lowest Volatility Alternatives to MGV
MGV has 10.20% 1-year volatility. There are 25 ETFs in the Large Cap Value Equities category with lower 1-year volatility, going as low as 4.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| KraneShares Wahed Alternative Income Index ETF | 4.15% | 60.27M | Oct 2025 | MGV vs KWIN | |
| WisdomTree U.S. LargeCap Dividend Fund | 8.95% | 6.21B | Jun 2006 | MGV vs DLN | |
| Bahl & Gaynor Income Growth ETF | 8.97% | 342.03M | Sep 2023 | MGV vs BGIG | |
| Absolute Select Value ETF | 9.12% | 142.20M | Jan 2020 | MGV vs ABEQ | |
| Morgan Dempsey Large Cap Value ETF | 9.13% | 32.39M | Apr 2023 | MGV vs MDLV |
Lowest Drawdown Alternatives to MGV
MGV has a 1-year max drawdown of -6.42%. There are 41 ETFs in the Large Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -4.05%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dynamic Large Cap Value ETF | -4.05% | 1.62B | Mar 2005 | MGV vs PWV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -4.27% | 7.48B | Mar 2006 | MGV vs FDL | |
| Morgan Dempsey Large Cap Value ETF | -4.27% | 32.39M | Apr 2023 | MGV vs MDLV | |
| Hartford US Value ETF | -4.93% | 48.88M | Dec 2023 | MGV vs VMAX | |
| Eventide High Dividend ETF | -5.05% | 150.61M | Sep 2024 | MGV vs ELCV |
Other ETFs from Vanguard
The 10 most viewed Vanguard ETFs shown here include VOO, VTI, VGT and span 8 categories. AUM among these funds goes as high as $2T.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 67 | 10.87% | 1.70T | Sep 2010 | MGV vs VOO | |
| Vanguard Total Stock Market ETF | Large Cap Blend Equities | 67 | 11.37% | 2.30T | May 2001 | MGV vs VTI | |
| Vanguard Information Technology ETF | Technology Equities | 60 | 24.57% | 170.10B | Mar 2004 | MGV vs VGT | |
| Vanguard Total International Stock ETF | Global Equities | 59 | 12.84% | 652.30B | Jan 2011 | MGV vs VXUS | |
| Vanguard Growth ETF | Large Cap Growth Equities | 33 | 7.19% | 393.80B | Jan 2004 | MGV vs VUG | |
| Vanguard Total World Stock ETF | Global Equities | 65 | 11.81% | 95.30B | Jun 2008 | MGV vs VT | |
| Vanguard High Dividend Yield ETF | Dividend | 82 | 12.96% | 96.10B | Nov 2006 | MGV vs VYM | |
| Vanguard Total Bond Market ETF | Total Bond Market | 34 | 0.11% | 394.40B | Apr 2007 | MGV vs BND | |
| Vanguard Dividend Appreciation ETF | Dividend | 62 | 8.86% | 127.80B | Apr 2006 | MGV vs VIG | |
| Vanguard FTSE Developed Markets ETF | Foreign Large Cap Equities | 61 | 13.80% | 317.30B | Jul 2007 | MGV vs VEA |
Often Compared With MGV
Investors most often compare MGV with MGK, MGC, JNJ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare MGV with Any Fund or Stock
Compare MGV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MGV with funds that move differently
Vanguard Mega Cap Value ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MGV.
Explore MGV Diversifiers