MGK vs. MGV
Compare and contrast key facts about Vanguard Mega Cap Growth ETF (MGK) and Vanguard Mega Cap Value ETF (MGV).
MGK and MGV 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. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both MGK and MGV 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 MGV.
Key characteristics
| MGK | MGV | |
|---|---|---|
| YTD Return | 6.49% | 5.98% |
| 1Y Return | 35.25% | 17.53% |
| 3Y Return (Ann) | 8.31% | 7.81% |
| 5Y Return (Ann) | 16.98% | 10.30% |
| 10Y Return (Ann) | 15.32% | 10.23% |
| Sharpe Ratio | 2.15 | 1.67 |
| Daily Std Dev | 16.05% | 9.82% |
| Max Drawdown | -48.36% | -56.31% |
| Current Drawdown | -4.52% | -3.59% |
Correlation
The correlation between MGK and MGV is 0.78, 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. MGV - Performance Comparison
In the year-to-date period, MGK achieves a 6.49% return, which is significantly higher than MGV's 5.98% return. Over the past 10 years, MGK has outperformed MGV with an annualized return of 15.32%, while MGV has yielded a comparatively lower 10.23% 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. MGV - Expense Ratio Comparison
Both MGK and MGV have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
MGK vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth ETF (MGK) and Vanguard Mega Cap Value ETF (MGV). 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. MGV - Dividend Comparison
MGK's dividend yield for the trailing twelve months is around 0.48%, less than MGV's 2.44% 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% |
MGV Vanguard Mega Cap Value ETF | 2.44% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
MGK vs. MGV - Drawdown Comparison
The maximum MGK drawdown since its inception was -48.36%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for MGK and MGV. For additional features, visit the drawdowns tool.
Volatility
MGK vs. MGV - Volatility Comparison
Vanguard Mega Cap Growth ETF (MGK) has a higher volatility of 5.80% compared to Vanguard Mega Cap Value ETF (MGV) at 3.13%. This indicates that MGK's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.