MAIIX vs. MGC
MAIIX (iShares MSCI EAFE International Index Fund) and MGC (Vanguard Mega Cap ETF) are both funds - MAIIX is a Foreign Large Cap Equities fund managed by BlackRock, while MGC is a Large Cap Blend Equities fund tracking the CRSP US Mega Cap Index. Over the past 10 years, MAIIX returned 10.21%/yr vs 16.33%/yr for MGC. A 0.79 correlation means they provide meaningful diversification when combined. MAIIX charges 0.09%/yr vs 0.05%/yr for MGC.
Performance
MAIIX vs. MGC - Performance Comparison
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Returns By Period
In the year-to-date period, MAIIX achieves a 10.90% return, which is significantly higher than MGC's 7.43% return. Over the past 10 years, MAIIX has underperformed MGC with an annualized return of 10.21%, while MGC has yielded a comparatively higher 16.33% annualized return.
MAIIX
- 1D
- 0.19%
- 1M
- 2.19%
- YTD
- 10.90%
- 6M
- 10.39%
- 1Y
- 24.71%
- 3Y*
- 17.68%
- 5Y*
- 9.38%
- 10Y*
- 10.21%
MGC
- 1D
- -1.49%
- 1M
- -1.89%
- YTD
- 7.43%
- 6M
- 6.54%
- 1Y
- 24.48%
- 3Y*
- 21.92%
- 5Y*
- 13.65%
- 10Y*
- 16.33%
MAIIX vs. MGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 10.90% | 31.62% | 3.65% | 18.35% | -14.15% | 11.25% | 8.03% | 21.82% | -13.43% | 25.24% |
MGC Vanguard Mega Cap ETF | 7.43% | 19.31% | 27.16% | 29.77% | -19.95% | 27.58% | 21.57% | 31.14% | -3.45% | 22.61% |
Correlation
The correlation between MAIIX and MGC is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.79 |
The correlation between MAIIX and MGC shifts across timeframes, from 0.68 (3 years) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MAIIX vs. MGC — Risk / Return Rank
MAIIX
MGC
MAIIX vs. MGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE International Index Fund (MAIIX) and Vanguard Mega Cap ETF (MGC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MAIIX | MGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.50 | -0.22 |
| Martin ratioReturn relative to average drawdown | 8.51 | 10.77 | -2.26 |
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Drawdowns
MAIIX vs. MGC - Drawdown Comparison
The maximum MAIIX drawdown since its inception was -61.05%, which is greater than MGC's maximum drawdown of -52.26%. Use the drawdown chart below to compare losses from any high point for MAIIX and MGC.
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Drawdown Indicators
| MAIIX | MGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -52.26% | -8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -9.85% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -19.28% | +5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -25.74% | -3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -34.01% | -33.07% | -0.94% |
Current DrawdownCurrent decline from peak | 0.00% | -3.81% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -7.17% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.28% | +0.74% |
Volatility
MAIIX vs. MGC - Volatility Comparison
The current volatility for iShares MSCI EAFE International Index Fund (MAIIX) is 4.80%, while Vanguard Mega Cap ETF (MGC) has a volatility of 5.22%. This indicates that MAIIX experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAIIX | MGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 5.22% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 10.32% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 13.08% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 17.39% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 18.24% | -1.61% |
MAIIX vs. MGC - Expense Ratio Comparison
MAIIX has a 0.09% expense ratio, which is higher than MGC's 0.05% 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%.
Dividends
MAIIX vs. MGC - Dividend Comparison
MAIIX's dividend yield for the trailing twelve months is around 3.34%, more than MGC's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAIIX iShares MSCI EAFE International Index Fund | 3.34% | 3.71% | 3.38% | 3.16% | 2.76% | 3.00% | 1.94% | 3.29% | 4.53% | 2.42% | 2.81% | 2.40% |
MGC Vanguard Mega Cap ETF | 0.90% | 0.93% | 1.15% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% |
Frequently Asked Questions
MAIIX and MGC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGC has higher volatility (5.22%) compared to MAIIX (4.80%). In terms of maximum drawdown, MAIIX dropped -61.05% vs MGC's -52.26%.
MGC currently has the higher Sharpe Ratio (1.88 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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