IGM vs. MGK
Compare and contrast key facts about iShares Expanded Tech Sector ETF (IGM) and Vanguard Mega Cap Growth ETF (MGK).
IGM and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001. 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. Both IGM and MGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGM or MGK.
Performance
IGM vs. MGK - Performance Comparison
Returns By Period
In the year-to-date period, IGM achieves a 35.29% return, which is significantly higher than MGK's 29.83% return. Over the past 10 years, IGM has outperformed MGK with an annualized return of 20.19%, while MGK has yielded a comparatively lower 16.23% annualized return.
IGM
35.29%
2.56%
13.96%
43.21%
21.81%
20.19%
MGK
29.83%
1.82%
14.74%
34.36%
20.06%
16.23%
Key characteristics
| IGM | MGK | |
|---|---|---|
| Sharpe Ratio | 2.09 | 2.03 |
| Sortino Ratio | 2.72 | 2.66 |
| Omega Ratio | 1.37 | 1.37 |
| Calmar Ratio | 2.96 | 2.59 |
| Martin Ratio | 10.68 | 9.82 |
| Ulcer Index | 4.10% | 3.57% |
| Daily Std Dev | 20.95% | 17.30% |
| Max Drawdown | -65.59% | -48.36% |
| Current Drawdown | -1.40% | -1.38% |
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IGM vs. MGK - Expense Ratio Comparison
IGM has a 0.46% expense ratio, which is higher than MGK's 0.07% expense ratio.
Correlation
The correlation between IGM and MGK is 0.95, 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.
Risk-Adjusted Performance
IGM vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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
IGM vs. MGK - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.31%, less than MGK's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
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
IGM vs. MGK - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, which is greater than MGK's maximum drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for IGM and MGK. For additional features, visit the drawdowns tool.
Volatility
IGM vs. MGK - Volatility Comparison
iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 6.19% compared to Vanguard Mega Cap Growth ETF (MGK) at 5.40%. This indicates that IGM's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.