MGC vs. VTV

Last updated Jun 4, 2026

MGC (Vanguard Mega Cap ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - MGC is a Large Cap Blend Equities fund tracking the CRSP US Mega Cap Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, MGC returned 16.36%/yr vs 12.48%/yr for VTV. Their correlation of 0.89 suggests significant overlap in exposure. MGC charges 0.05%/yr vs 0.04%/yr for VTV.

Performance

MGC vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap ETF (MGC) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGC achieves a 10.80% return, which is significantly lower than VTV's 12.30% return. Over the past 10 years, MGC has outperformed VTV with an annualized return of 16.36%, while VTV has yielded a comparatively lower 12.48% annualized return.

MGC

• 1D: -0.79%
• 1M: 5.59%
• YTD: 10.80%
• 6M: 10.75%
• 1Y: 29.68%
• 3Y*: 23.87%
• 5Y*: 14.70%
• 10Y*: 16.36%

VTV

• 1D: 0.01%
• 1M: 4.23%
• YTD: 12.30%
• 6M: 13.12%
• 1Y: 26.25%
• 3Y*: 18.28%
• 5Y*: 11.24%
• 10Y*: 12.48%

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

MGC vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGC Vanguard Mega Cap ETF	10.80%	19.31%	27.16%	29.77%	-19.95%	27.58%	21.57%	31.14%	-3.45%	22.61%
VTV Vanguard Value ETF	12.30%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between MGC and VTV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 28, 2007	0.89

Over the past year, the correlation between MGC and VTV has dropped to 0.59 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

MGC vs. VTV - Sectors Allocation Comparison

Sectors	MGC	VTV
Technology	39.3%	13.4%
Communication Services	13.1%	3.3%
Financial Services	11.7%	22.3%
Consumer Cyclical	10.1%	4.0%
Healthcare	8.9%	14.5%
Industrials	6.5%	14.0%
Consumer Defensive	4.8%	9.4%
Energy	2.6%	8.1%
Basic Materials	1.2%	3.1%
Utilities	1.0%	5.2%
Real Estate	1.0%	2.8%

Return for Risk

MGC vs. VTV — Risk / Return Rank

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

MGC

MGC Risk / Return Rank: 69
MGC Sharpe Ratio Rank: 73
MGC Sortino Ratio Rank: 71
MGC Omega Ratio Rank: 71
MGC Calmar Ratio Rank: 60
MGC Martin Ratio Rank: 71

VTV

VTV Risk / Return Rank: 79
VTV Sharpe Ratio Rank: 78
VTV Sortino Ratio Rank: 82
VTV Omega Ratio Rank: 77
VTV Calmar Ratio Rank: 79
VTV Martin Ratio Rank: 79

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. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap ETF (MGC) and Vanguard Value ETF (VTV). 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.

	MGC	VTV	Difference
Sharpe ratio Return per unit of total volatility	2.42	2.61	-0.19
Sortino ratio Return per unit of downside risk	3.30	3.74	-0.44
Omega ratio Gain probability vs. loss probability	1.43	1.47	-0.03
Calmar ratio Return relative to maximum drawdown	3.03	4.15	-1.12
Martin ratio Return relative to average drawdown	13.61	15.69	-2.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGC vs. VTV - Sharpe Ratio Comparison

The current MGC Sharpe Ratio is 2.42, which is comparable to the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of MGC and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGC	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.61	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.81	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.75	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.51	+0.09

Drawdowns

MGC vs. VTV - Drawdown Comparison

The maximum MGC drawdown since its inception was -51.93%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for MGC and VTV.

Drawdown Indicators

	MGC	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-51.93%	-59.27%	+7.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.85%	-6.35%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-14.52%	-4.76%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-17.04%	-8.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.07%	-36.78%	+3.71%
Current Drawdown Current decline from peak	-0.79%	0.00%	-0.79%
Average Drawdown Average peak-to-trough decline	-7.06%	-7.87%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.68%	+0.51%

Volatility

MGC vs. VTV - Volatility Comparison

Vanguard Mega Cap ETF (MGC) has a higher volatility of 3.04% compared to Vanguard Value ETF (VTV) at 2.52%. This indicates that MGC's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGC	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.52%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	7.55%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	10.11%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	13.88%	+3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	16.67%	+1.54%

MGC vs. VTV - Expense Ratio Comparison

MGC has a 0.05% expense ratio, which is higher than VTV's 0.04% 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%.

Dividends

MGC vs. VTV - Dividend Comparison

MGC's dividend yield for the trailing twelve months is around 0.87%, less than VTV's 1.86% yield.

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%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both MGC and VTV in my portfolio?

MGC and VTV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGC or VTV?

MGC has higher volatility (3.04%) compared to VTV (2.52%). In terms of maximum drawdown, MGC dropped -51.93% vs VTV's -59.27%.

Which ETF is better, MGC or VTV?

On 10-year performance, MGC leads with 16.36% vs 12.48% for VTV. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MGC or VTV?

Over the 10-year period, MGC has performed better with a 16.36% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MGC or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.05% for MGC.

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

VTV has the higher dividend yield at 1.86%, compared with 0.87% for MGC.

What is the main difference between MGC and VTV?

MGC is categorized as Large Cap Blend Equities, while VTV is Large Cap Value Equities. MGC tracks CRSP US Mega Cap Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.05% for MGC and 0.04% for VTV.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.61 vs 2.42), 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.