MGC vs. VOO
Compare and contrast key facts about Vanguard Mega Cap ETF (MGC) and Vanguard S&P 500 ETF (VOO).
MGC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both MGC and VOO 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 VOO.
Performance
MGC vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with MGC having a 25.73% return and VOO slightly lower at 24.51%. Both investments have delivered pretty close results over the past 10 years, with MGC having a 13.65% annualized return and VOO not far behind at 13.12%.
MGC
25.73%
0.71%
11.79%
32.79%
16.05%
13.65%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| MGC | VOO | |
|---|---|---|
| Sharpe Ratio | 2.59 | 2.64 |
| Sortino Ratio | 3.42 | 3.53 |
| Omega Ratio | 1.48 | 1.49 |
| Calmar Ratio | 3.63 | 3.81 |
| Martin Ratio | 16.61 | 17.34 |
| Ulcer Index | 1.99% | 1.86% |
| Daily Std Dev | 12.76% | 12.20% |
| Max Drawdown | -52.20% | -33.99% |
| Current Drawdown | -2.20% | -2.16% |
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MGC vs. VOO - Expense Ratio Comparison
MGC has a 0.07% expense ratio, which is higher than VOO'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 VOO 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
MGC's dividend yield for the trailing twelve months is around 1.18%, less than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
MGC vs. VOO - Drawdown Comparison
The maximum MGC drawdown since its inception was -52.20%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MGC and VOO. For additional features, visit the drawdowns tool.
Volatility
MGC vs. VOO - Volatility Comparison
Vanguard Mega Cap ETF (MGC) has a higher volatility of 4.37% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that MGC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.