IWX vs. MGV
Compare and contrast key facts about iShares Russell Top 200 Value ETF (IWX) and Vanguard Mega Cap Value ETF (MGV).
IWX and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWX is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Value Index. It was launched on Sep 22, 2009. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both IWX and MGV 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: IWX or MGV.
Performance
IWX vs. MGV - Performance Comparison
Returns By Period
In the year-to-date period, IWX achieves a 21.73% return, which is significantly lower than MGV's 23.10% return. Over the past 10 years, IWX has underperformed MGV with an annualized return of 9.11%, while MGV has yielded a comparatively higher 10.91% annualized return.
IWX
21.73%
2.62%
12.81%
28.30%
10.43%
9.11%
MGV
23.10%
2.46%
13.24%
30.27%
12.10%
10.91%
Key characteristics
| IWX | MGV | |
|---|---|---|
| Sharpe Ratio | 2.83 | 3.02 |
| Sortino Ratio | 4.05 | 4.28 |
| Omega Ratio | 1.52 | 1.56 |
| Calmar Ratio | 5.76 | 6.13 |
| Martin Ratio | 17.82 | 19.78 |
| Ulcer Index | 1.59% | 1.53% |
| Daily Std Dev | 10.01% | 10.02% |
| Max Drawdown | -35.76% | -56.31% |
| Current Drawdown | 0.00% | 0.00% |
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IWX vs. MGV - Expense Ratio Comparison
IWX has a 0.20% expense ratio, which is higher than MGV's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IWX and MGV 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
IWX vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) and Vanguard Mega Cap Value ETF (MGV). 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
IWX vs. MGV - Dividend Comparison
IWX's dividend yield for the trailing twelve months is around 1.76%, less than MGV's 2.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWX iShares Russell Top 200 Value ETF | 1.76% | 2.13% | 2.07% | 1.79% | 2.12% | 2.60% | 2.66% | 2.12% | 2.23% | 2.77% | 2.19% | 1.89% |
MGV Vanguard Mega Cap Value ETF | 2.21% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
IWX vs. MGV - Drawdown Comparison
The maximum IWX drawdown since its inception was -35.76%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for IWX and MGV. For additional features, visit the drawdowns tool.
Volatility
IWX vs. MGV - Volatility Comparison
iShares Russell Top 200 Value ETF (IWX) and Vanguard Mega Cap Value ETF (MGV) have volatilities of 3.82% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.