MGC vs. SPXE

Last updated Jun 16, 2026

MGC (Vanguard Mega Cap ETF) and SPXE (ProShares S&P 500 Ex-Energy ETF) are both exchange-traded funds - MGC is a Large Cap Blend Equities fund tracking the CRSP US Mega Cap Index, while SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy Index. Both are passively managed. MGC charges 0.05%/yr vs 0.09%/yr for SPXE.

Performance

MGC vs. SPXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap ETF (MGC) and ProShares S&P 500 Ex-Energy ETF (SPXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MGC

• 1D: 1.96%
• 1M: 1.72%
• YTD: 10.55%
• 6M: 11.42%
• 1Y: 28.97%
• 3Y*: 22.57%
• 5Y*: 14.62%
• 10Y*: 16.48%

SPXE

• 1D: -0.21%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MGC vs. SPXE - Yearly Performance Comparison

	2026 (YTD)
MGC Vanguard Mega Cap ETF	1.96%
SPXE ProShares S&P 500 Ex-Energy ETF	-0.21%

MGC vs. SPXE - Sectors Allocation Comparison

Sectors	MGC	SPXE
Technology	39.3%	39.2%
Communication Services	13.1%	10.7%
Financial Services	11.7%	11.9%
Consumer Cyclical	10.1%	9.7%
Healthcare	8.9%	9.0%
Industrials	6.5%	8.1%
Consumer Defensive	4.8%	4.8%
Energy	2.6%	0.0%
Basic Materials	1.2%	1.8%
Utilities	1.0%	2.6%
Real Estate	1.0%	1.9%

Return for Risk

MGC vs. SPXE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGC

MGC Risk / Return Rank: 74
MGC Sharpe Ratio Rank: 79
MGC Sortino Ratio Rank: 76
MGC Omega Ratio Rank: 77
MGC Calmar Ratio Rank: 65
MGC Martin Ratio Rank: 75

SPXE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGC vs. SPXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and ProShares S&P 500 Ex-Energy ETF (SPXE). 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	SPXE	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	3.03	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.96	—	—
Martin ratio: Return relative to average drawdown	12.90	—	—

Drawdowns

MGC vs. SPXE - Drawdown Comparison

The maximum MGC drawdown since its inception was -52.26%, which is greater than SPXE's maximum drawdown of -0.21%. Use the drawdown chart below to compare losses from any high point for MGC and SPXE.

Drawdown Indicators

	MGC	SPXE	Difference
Max Drawdown Largest peak-to-trough decline	-52.26%	-0.21%	-52.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.07%	—	—
Current Drawdown Current decline from peak	-1.02%	-0.21%	-0.81%
Average Drawdown Average peak-to-trough decline	-7.18%	-0.21%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	MGC	SPXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	—	—

MGC vs. SPXE - Expense Ratio Comparison

MGC has a 0.05% expense ratio, which is lower than SPXE's 0.09% 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%.

Dividends

MGC vs. SPXE - Dividend Comparison

MGC's dividend yield for the trailing twelve months is around 0.87%, while SPXE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGC Vanguard Mega Cap ETF	0.87%	0.93%	1.15%	1.35%	1.65%	1.17%	1.45%	1.81%	2.10%	1.83%	2.14%	2.11%
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, MGC or SPXE?

On fees, MGC is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MGC or SPXE?

MGC is cheaper with a 0.05% expense ratio, compared with 0.09% for SPXE.

Which ETF pays a higher dividend yield, MGC or SPXE?

MGC has the higher dividend yield at 0.87%, compared with 0.00% for SPXE.

What is the main difference between MGC and SPXE?

MGC is categorized as Large Cap Blend Equities, while SPXE is S&P 500. MGC tracks CRSP US Mega Cap Index, while SPXE tracks S&P 500 Ex-Energy Index. They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.05% for MGC and 0.09% for SPXE.