GAIOX vs. MGK
Compare and contrast key facts about American Funds Growth and Income Portfolio (GAIOX) and Vanguard Mega Cap Growth ETF (MGK).
GAIOX is managed by American Funds. It was launched on May 18, 2012. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GAIOX or MGK.
Key characteristics
| GAIOX | MGK | |
|---|---|---|
| YTD Return | 16.10% | 31.65% |
| 1Y Return | 26.84% | 41.08% |
| 3Y Return (Ann) | 5.17% | 10.31% |
| 5Y Return (Ann) | 10.58% | 20.48% |
| 10Y Return (Ann) | 8.80% | 16.60% |
| Sharpe Ratio | 2.85 | 2.38 |
| Sortino Ratio | 3.97 | 3.07 |
| Omega Ratio | 1.54 | 1.43 |
| Calmar Ratio | 3.09 | 3.03 |
| Martin Ratio | 19.72 | 11.53 |
| Ulcer Index | 1.36% | 3.56% |
| Daily Std Dev | 9.43% | 17.25% |
| Max Drawdown | -26.85% | -48.36% |
| Current Drawdown | -0.74% | 0.00% |
Correlation
The correlation between GAIOX and MGK is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GAIOX vs. MGK - Performance Comparison
In the year-to-date period, GAIOX achieves a 16.10% return, which is significantly lower than MGK's 31.65% return. Over the past 10 years, GAIOX has underperformed MGK with an annualized return of 8.80%, while MGK has yielded a comparatively higher 16.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GAIOX vs. MGK - Expense Ratio Comparison
GAIOX has a 0.66% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
GAIOX vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Growth and Income Portfolio (GAIOX) and Vanguard Mega Cap Growth ETF (MGK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
GAIOX vs. MGK - Dividend Comparison
GAIOX's dividend yield for the trailing twelve months is around 1.79%, more than MGK's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAIOX American Funds Growth and Income Portfolio | 1.79% | 2.03% | 2.07% | 1.28% | 1.59% | 6.25% | 2.10% | 1.68% | 1.95% | 1.87% | 4.60% | 2.81% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
GAIOX vs. MGK - Drawdown Comparison
The maximum GAIOX drawdown since its inception was -26.85%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for GAIOX and MGK. For additional features, visit the drawdowns tool.
Volatility
GAIOX vs. MGK - Volatility Comparison
The current volatility for American Funds Growth and Income Portfolio (GAIOX) is 2.57%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.21%. This indicates that GAIOX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.