MGC vs. SCHX
Compare and contrast key facts about Vanguard Mega Cap ETF (MGC) and Schwab U.S. Large-Cap ETF (SCHX).
MGC and SCHX 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. SCHX is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Total Stock Market Index. It was launched on Nov 3, 2009. Both MGC and SCHX 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 SCHX.
Performance
MGC vs. SCHX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with MGC having a 25.73% return and SCHX slightly lower at 25.34%. Over the past 10 years, MGC has underperformed SCHX with an annualized return of 13.65%, while SCHX has yielded a comparatively higher 14.79% annualized return.
MGC
25.73%
0.71%
11.79%
32.79%
16.05%
13.65%
SCHX
25.34%
0.87%
12.25%
33.49%
16.83%
14.79%
Key characteristics
| MGC | SCHX | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.71 |
| Sortino Ratio | 3.42 | 3.62 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 3.63 | 3.93 |
| Martin Ratio | 16.61 | 17.65 |
| Ulcer Index | 1.99% | 1.90% |
| Daily Std Dev | 12.76% | 12.37% |
| Max Drawdown | -52.20% | -34.33% |
| Current Drawdown | -2.20% | -2.19% |
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MGC vs. SCHX - Expense Ratio Comparison
MGC has a 0.07% expense ratio, which is higher than SCHX's 0.03% 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 MGC and SCHX is 0.99, 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. SCHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and Schwab U.S. Large-Cap ETF (SCHX). 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. SCHX - Dividend Comparison
MGC's dividend yield for the trailing twelve months is around 1.18%, less than SCHX's 1.20% 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% |
SCHX Schwab U.S. Large-Cap ETF | 1.20% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.17% | 1.70% | 1.92% | 2.04% | 1.76% | 1.65% |
Drawdowns
MGC vs. SCHX - Drawdown Comparison
The maximum MGC drawdown since its inception was -52.20%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for MGC and SCHX. For additional features, visit the drawdowns tool.
Volatility
MGC vs. SCHX - Volatility Comparison
Vanguard Mega Cap ETF (MGC) and Schwab U.S. Large-Cap ETF (SCHX) have volatilities of 4.37% and 4.23%, 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.