MGC vs. FGRTX
MGC (Vanguard Mega Cap ETF) and FGRTX (Fidelity Mega Cap Stock Fund) are both Large Cap Blend Equities funds. MGC is passively managed, while FGRTX is actively managed. Over the past 10 years, MGC returned 15.85%/yr vs 16.16%/yr for FGRTX. Their correlation of 0.95 means they have usually moved in the same direction. MGC charges 0.05%/yr vs 0.58%/yr for FGRTX.
Performance
MGC vs. FGRTX - Performance Comparison
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Returns By Period
In the year-to-date period, MGC achieves a 9.30% return, which is significantly lower than FGRTX's 10.69% return. Both investments have delivered pretty close results over the past 10 years, with MGC having a 15.85% annualized return and FGRTX not far ahead at 16.16%.
MGC
- 1D
- 0.87%
- 1M
- 0.11%
- 6M
- 8.25%
- YTD
- 9.30%
- 1Y
- 21.88%
- 3Y*
- 20.58%
- 5Y*
- 13.29%
- 10Y*
- 15.85%
- ALL TIME*
- 11.46%
FGRTX
- 1D
- 2.13%
- 1M
- 0.17%
- 6M
- 7.39%
- YTD
- 10.69%
- 1Y
- 23.49%
- 3Y*
- 22.81%
- 5Y*
- 16.40%
- 10Y*
- 16.16%
- ALL TIME*
- 8.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $22.94M | $23.96M | $28.99M |
MGC vs. FGRTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGC Vanguard Mega Cap ETF | 9.30% | 19.31% | 27.16% | 29.77% | -19.95% | 27.58% | 21.57% | 31.14% | -3.45% | 22.61% |
FGRTX Fidelity Mega Cap Stock Fund | 10.69% | 26.92% | 25.98% | 26.51% | -8.98% | 26.29% | 12.96% | 31.07% | -7.44% | 16.98% |
Correlation
The correlation between MGC and FGRTX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.95 |
The correlation between MGC and FGRTX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
MGC vs. FGRTX — Risk / Return Rank
MGC
FGRTX
MGC vs. FGRTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and Fidelity Mega Cap Stock Fund (FGRTX). 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.
| MGC | FGRTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.36 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.15 | 10.21 | -2.05 |
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Drawdowns
MGC vs. FGRTX - Drawdown Comparison
The maximum MGC drawdown since its inception was -52.26%, smaller than the maximum FGRTX drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for MGC and FGRTX.
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Drawdown Indicators
| MGC | FGRTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.26% | -56.17% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -8.99% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -18.51% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -23.35% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -33.07% | -35.18% | +2.11% |
Current DrawdownCurrent decline from peak | -2.14% | -1.42% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -8.68% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.08% | +0.36% |
Volatility
MGC vs. FGRTX - Volatility Comparison
Vanguard Mega Cap ETF (MGC) has a higher volatility of 4.05% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 3.62%. This indicates that MGC's price experiences larger fluctuations and is considered to be riskier than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGC | FGRTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 3.62% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 9.96% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 12.85% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 16.72% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 18.08% | +0.17% |
MGC vs. FGRTX - Expense Ratio Comparison
MGC has a 0.05% expense ratio, which is lower than FGRTX's 0.58% expense ratio.
Dividends
MGC vs. FGRTX - Dividend Comparison
MGC's dividend yield for the trailing twelve months is around 0.92%, less than FGRTX's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 3.51% | 3.89% | 2.68% | 2.06% | 4.38% | 4.79% | 7.96% | 12.98% | 21.72% | 15.57% | 1.97% | 4.16% |
MGC Vanguard Mega Cap ETF | 0.92% | 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
With a correlation of 0.94, MGC and FGRTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MGC has higher volatility (4.05%) compared to FGRTX (3.62%). In terms of maximum drawdown, MGC dropped -52.26% vs FGRTX's -56.17%.
FGRTX currently has the higher Sharpe Ratio (1.65 vs 1.47), 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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