MGK vs. IWY
Compare and contrast key facts about Vanguard Mega Cap Growth ETF (MGK) and iShares Russell Top 200 Growth ETF (IWY).
MGK and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both MGK and IWY 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: MGK or IWY.
Key characteristics
| MGK | IWY | |
|---|---|---|
| YTD Return | 5.52% | 7.10% |
| 1Y Return | 32.33% | 33.81% |
| 3Y Return (Ann) | 7.83% | 9.99% |
| 5Y Return (Ann) | 17.07% | 18.07% |
| 10Y Return (Ann) | 15.29% | 16.53% |
| Sharpe Ratio | 2.00 | 2.18 |
| Daily Std Dev | 16.04% | 15.51% |
| Max Drawdown | -48.36% | -32.68% |
| Current Drawdown | -5.39% | -4.78% |
Correlation
The correlation between MGK and IWY is 0.98, 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.
Performance
MGK vs. IWY - Performance Comparison
In the year-to-date period, MGK achieves a 5.52% return, which is significantly lower than IWY's 7.10% return. Over the past 10 years, MGK has underperformed IWY with an annualized return of 15.29%, while IWY has yielded a comparatively higher 16.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MGK vs. IWY - Expense Ratio Comparison
MGK has a 0.07% expense ratio, which is lower than IWY's 0.20% 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%.
Risk-Adjusted Performance
MGK vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth ETF (MGK) and iShares Russell Top 200 Growth ETF (IWY). 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
MGK vs. IWY - Dividend Comparison
MGK's dividend yield for the trailing twelve months is around 0.48%, less than IWY's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGK Vanguard Mega Cap Growth ETF | 0.48% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
IWY iShares Russell Top 200 Growth ETF | 0.62% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
MGK vs. IWY - Drawdown Comparison
The maximum MGK drawdown since its inception was -48.36%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for MGK and IWY. For additional features, visit the drawdowns tool.
Volatility
MGK vs. IWY - Volatility Comparison
Vanguard Mega Cap Growth ETF (MGK) has a higher volatility of 5.64% compared to iShares Russell Top 200 Growth ETF (IWY) at 5.37%. This indicates that MGK's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.