MGC vs. IWY
Compare and contrast key facts about Vanguard Mega Cap ETF (MGC) and iShares Russell Top 200 Growth ETF (IWY).
MGC and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both MGC and IWY 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: MGC or IWY.
Performance
MGC vs. IWY - Performance Comparison
Returns By Period
In the year-to-date period, MGC achieves a 25.73% return, which is significantly lower than IWY's 29.23% return. Over the past 10 years, MGC has underperformed IWY with an annualized return of 13.65%, while IWY has yielded a comparatively higher 17.41% annualized return.
MGC
25.73%
0.71%
11.79%
32.79%
16.05%
13.65%
IWY
29.23%
1.55%
13.28%
35.29%
20.44%
17.41%
Key characteristics
| MGC | IWY | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.07 |
| Sortino Ratio | 3.42 | 2.71 |
| Omega Ratio | 1.48 | 1.38 |
| Calmar Ratio | 3.63 | 2.59 |
| Martin Ratio | 16.61 | 9.85 |
| Ulcer Index | 1.99% | 3.64% |
| Daily Std Dev | 12.76% | 17.32% |
| Max Drawdown | -52.20% | -32.68% |
| Current Drawdown | -2.20% | -2.88% |
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MGC vs. IWY - Expense Ratio Comparison
MGC has a 0.07% expense ratio, which is lower than IWY's 0.20% expense ratio. Despite the difference, 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 MGC and IWY is 0.94, 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
MGC vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and iShares Russell Top 200 Growth ETF (IWY). 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
MGC vs. IWY - Dividend Comparison
MGC's dividend yield for the trailing twelve months is around 1.18%, more than IWY's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGC Vanguard Mega Cap ETF | 1.18% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.82% | 2.14% | 2.11% | 1.81% | 1.86% |
IWY iShares Russell Top 200 Growth ETF | 0.50% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
MGC vs. IWY - Drawdown Comparison
The maximum MGC drawdown since its inception was -52.20%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for MGC and IWY. For additional features, visit the drawdowns tool.
Volatility
MGC vs. IWY - Volatility Comparison
The current volatility for Vanguard Mega Cap ETF (MGC) is 4.37%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 5.70%. This indicates that MGC experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.