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.
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.
Performance
IWX vs. MGV - Performance Comparison
Key characteristics
IWX:
1.68
MGV:
1.87
IWX:
2.44
MGV:
2.67
IWX:
1.30
MGV:
1.34
IWX:
2.25
MGV:
2.68
IWX:
8.64
MGV:
10.17
IWX:
1.96%
MGV:
1.86%
IWX:
10.09%
MGV:
10.14%
IWX:
-35.76%
MGV:
-56.31%
IWX:
-5.59%
MGV:
-4.85%
Returns By Period
In the year-to-date period, IWX achieves a 16.15% return, which is significantly lower than MGV's 18.21% return. Over the past 10 years, IWX has underperformed MGV with an annualized return of 8.43%, while MGV has yielded a comparatively higher 10.29% annualized return.
IWX
16.15%
-4.58%
7.40%
16.97%
8.71%
8.43%
MGV
18.21%
-3.97%
7.77%
18.94%
10.45%
10.29%
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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%.
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 1.95%, less than MGV's 2.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWX iShares Russell Top 200 Value ETF | 1.95% | 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 | 2.28% | 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
The current volatility for iShares Russell Top 200 Value ETF (IWX) is 3.14%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 3.31%. This indicates that IWX experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.