MGK vs. ITOT

Last updated Jun 4, 2026

MGK (Vanguard Mega Cap Growth ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Growth Equities funds - MGK tracks the CRSP US Mega Cap Growth Index while ITOT tracks the S&P Composite 1500 Index. Both are passively managed. Over the past 10 years, MGK returned 19.24%/yr vs 15.01%/yr for ITOT. Their correlation of 0.93 suggests significant overlap in exposure. MGK charges 0.05%/yr vs 0.03%/yr for ITOT.

Performance

MGK vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap Growth ETF (MGK) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGK achieves a 10.01% return, which is significantly lower than ITOT's 11.25% return. Over the past 10 years, MGK has outperformed ITOT with an annualized return of 19.24%, while ITOT has yielded a comparatively lower 15.01% annualized return.

MGK

• 1D: -1.13%
• 1M: 7.26%
• YTD: 10.01%
• 6M: 9.45%
• 1Y: 30.01%
• 3Y*: 26.77%
• 5Y*: 16.25%
• 10Y*: 19.24%

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

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

MGK vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGK Vanguard Mega Cap Growth ETF	10.01%	20.67%	32.94%	51.67%	-33.59%	28.58%	41.01%	37.38%	-2.91%	29.49%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Correlation

The correlation between MGK and ITOT is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 28, 2007	0.93

The correlation between MGK and ITOT has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

MGK vs. ITOT - Sectors Allocation Comparison

Sectors	MGK	ITOT
Technology	56.1%	33.8%
Communication Services	17.3%	10.3%
Consumer Cyclical	12.8%	10.1%
Healthcare	4.5%	9.0%
Financial Services	4.5%	12.1%
Real Estate	1.3%	2.4%
Utilities	1.2%	2.3%
Industrials	1.1%	9.5%
Basic Materials	0.7%	2.1%
Consumer Defensive	0.4%	4.7%
Energy	-	3.7%

Return for Risk

MGK vs. ITOT — Risk / Return Rank

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

MGK

MGK Risk / Return Rank: 45
MGK Sharpe Ratio Rank: 53
MGK Sortino Ratio Rank: 50
MGK Omega Ratio Rank: 50
MGK Calmar Ratio Rank: 35
MGK Martin Ratio Rank: 38

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

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.

MGK vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth ETF (MGK) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	MGK	ITOT	Difference
Sharpe ratio Return per unit of total volatility	1.86	2.32	-0.46
Sortino ratio Return per unit of downside risk	2.53	3.17	-0.64
Omega ratio Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio Return relative to maximum drawdown	1.79	3.17	-1.39
Martin ratio Return relative to average drawdown	6.15	14.57	-8.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGK vs. ITOT - Sharpe Ratio Comparison

The current MGK Sharpe Ratio is 1.86, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of MGK and ITOT, 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

	MGK	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.32	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.74	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.82	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.57	+0.08

Drawdowns

MGK vs. ITOT - Drawdown Comparison

The maximum MGK drawdown since its inception was -47.97%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for MGK and ITOT.

Drawdown Indicators

	MGK	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-47.97%	-55.20%	+7.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.85%	-8.90%	-7.95%
Max Drawdown (3Y) Largest decline over 3 years	-23.36%	-19.44%	-3.92%
Max Drawdown (5Y) Largest decline over 5 years	-36.01%	-25.36%	-10.65%
Max Drawdown (10Y) Largest decline over 10 years	-36.01%	-35.00%	-1.01%
Current Drawdown Current decline from peak	-1.43%	-0.73%	-0.70%
Average Drawdown Average peak-to-trough decline	-7.47%	-6.97%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	1.94%	+2.95%

Volatility

MGK vs. ITOT - Volatility Comparison

Vanguard Mega Cap Growth ETF (MGK) has a higher volatility of 4.01% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.99%. This indicates that MGK's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGK	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	2.99%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	9.13%	+3.24%
Volatility (1Y) Calculated over the trailing 1-year period	16.23%	12.20%	+4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	17.36%	+5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	18.26%	+3.62%

MGK vs. ITOT - Expense Ratio Comparison

MGK has a 0.05% expense ratio, which is higher than ITOT'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%.

Dividends

MGK vs. ITOT - Dividend Comparison

MGK's dividend yield for the trailing twelve months is around 0.32%, less than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
MGK Vanguard Mega Cap Growth ETF	0.32%	0.35%	0.43%	0.50%	0.70%	0.41%	0.65%	0.85%	1.12%	1.23%	1.53%	1.43%

Frequently Asked Questions

Can I hold both MGK and ITOT in my portfolio?

MGK and ITOT have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGK or ITOT?

MGK has higher volatility (4.01%) compared to ITOT (2.99%). In terms of maximum drawdown, MGK dropped -47.97% vs ITOT's -55.20%.

Which ETF is better, MGK or ITOT?

On 10-year performance, MGK leads with 19.24% vs 15.01% for ITOT. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MGK or ITOT?

Over the 10-year period, MGK has performed better with a 19.24% return vs 15.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MGK or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.05% for MGK.

Which ETF pays a higher dividend yield, MGK or ITOT?

ITOT has the higher dividend yield at 0.98%, compared with 0.32% for MGK.

What is the main difference between MGK and ITOT?

MGK tracks CRSP US Mega Cap Growth Index, while ITOT tracks S&P Composite 1500 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for MGK and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.32 vs 1.86), 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.