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MGK vs. VEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MGK vs. VEQT.TO

Last updated Jun 9, 2026

MGK (Vanguard Mega Cap Growth ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - MGK is a Large Cap Growth Equities fund tracking the CRSP US Mega Cap Growth Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. MGK is passively managed, while VEQT.TO is actively managed. Over the past 5 years, MGK returned 15.44%/yr vs 10.52%/yr for VEQT.TO. A 0.69 correlation means they provide meaningful diversification when combined. MGK charges 0.05%/yr vs 0.24%/yr for VEQT.TO.

Performance

MGK vs. VEQT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap Growth ETF (MGK) and Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MGK is traded in USD, while VEQT.TO is traded in CAD. To make them comparable, the VEQT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MGK achieves a 6.52% return, which is significantly lower than VEQT.TO's 8.99% return.

MGK

1D
0.45%
1M
-0.30%
YTD
6.52%
6M
5.59%
1Y
25.21%
3Y*
25.50%
5Y*
15.44%
10Y*
18.91%

VEQT.TO

1D
0.19%
1M
-0.54%
YTD
8.99%
6M
10.44%
1Y
26.37%
3Y*
20.11%
5Y*
10.52%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MGK vs. VEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
MGK
Vanguard Mega Cap Growth ETF		6.52%20.67%32.94%51.67%-33.59%28.58%41.01%25.23%
VEQT.TO
Vanguard All-Equity ETF Portfolio		8.92%26.13%15.22%19.55%-16.08%19.68%14.14%13.54%

Correlation

The correlation between MGK and VEQT.TO is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2019

0.69

The correlation between MGK and VEQT.TO has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

MGK vs. VEQT.TO - Sectors Allocation Comparison

Sectors
MGK
VEQT.TO

Technology

56.1%
20.3%

Communication Services

17.3%
6.0%

Consumer Cyclical

12.8%
7.8%

Healthcare

4.5%
6.6%

Financial Services

4.5%
20.7%

Real Estate

1.3%
2.2%

Utilities

1.2%
2.8%

Industrials

1.1%
11.6%

Basic Materials

0.7%
8.6%

Consumer Defensive

0.4%
4.5%

Energy

-

8.7%

Technology

MGK
56.1%
VEQT.TO
20.3%

Communication Services

MGK
17.3%
VEQT.TO
6.0%

Consumer Cyclical

MGK
12.8%
VEQT.TO
7.8%

Healthcare

MGK
4.5%
VEQT.TO
6.6%

Financial Services

MGK
4.5%
VEQT.TO
20.7%

Real Estate

MGK
1.3%
VEQT.TO
2.2%

Utilities

MGK
1.2%
VEQT.TO
2.8%

Industrials

MGK
1.1%
VEQT.TO
11.6%

Basic Materials

MGK
0.7%
VEQT.TO
8.6%

Consumer Defensive

MGK
0.4%
VEQT.TO
4.5%

Energy

MGK

-

VEQT.TO
8.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Mega Cap Growth ETF

Vanguard All-Equity ETF Portfolio

Often compared with MGK:
MGK vs. VGTMGK vs. VUGMGK vs. QQQMGK vs. SCHGMGK vs. MAGSMGK vs. MGCMGK vs. MGV
Often compared with VEQT.TO:
VEQT.TO vs. XEQT.TOVEQT.TO vs. VFV.TOVEQT.TO vs. VGRO.TOVEQT.TO vs. VOOVEQT.TO vs. ZEQT.TOVEQT.TO vs. SPYVEQT.TO vs. VBAL.TO

Return for Risk

MGK vs. VEQT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MGK
MGK Risk / Return Rank: 4242
Overall Rank
MGK Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
MGK Sortino Ratio Rank: 4747
Sortino Ratio Rank
MGK Omega Ratio Rank: 4747
Omega Ratio Rank
MGK Calmar Ratio Rank: 3434
Calmar Ratio Rank
MGK Martin Ratio Rank: 3636
Martin Ratio Rank
VEQT.TO
VEQT.TO Risk / Return Rank: 8282
Overall Rank
VEQT.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VEQT.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
VEQT.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VEQT.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
VEQT.TO Martin Ratio Rank: 8484
Martin Ratio Rank
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. VEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth ETF (MGK) and Vanguard All-Equity ETF Portfolio (VEQT.TO). 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.

MGKVEQT.TODifference
Sharpe ratioReturn per unit of total volatility
1.52
2.07

-0.54

Sortino ratioReturn per unit of downside risk
2.08
2.81

-0.74

Omega ratioGain probability vs. loss probability

1.27

1.38

-0.11

Calmar ratioReturn relative to maximum drawdown

1.50

2.95

-1.45

Martin ratioReturn relative to average drawdown

5.15

12.97

-7.82

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. VEQT.TO - Sharpe Ratio Comparison

The current MGK Sharpe Ratio is 1.52, which is comparable to the VEQT.TO Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of MGK and VEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MGKVEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

2.07

-0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.74

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.87

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.65

0.77

-0.13

Drawdowns

MGK vs. VEQT.TO - Drawdown Comparison

The maximum MGK drawdown since its inception was -47.97%, which is greater than VEQT.TO's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for MGK and VEQT.TO.

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Drawdown Indicators

MGKVEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.97%

-36.24%

-11.73%

Max Drawdown (1Y)

Largest decline over 1 year

-16.85%

-8.98%

-7.87%

Max Drawdown (3Y)

Largest decline over 3 years

-23.36%

-15.37%

-7.99%

Max Drawdown (5Y)

Largest decline over 5 years

-36.01%

-25.41%

-10.60%

Max Drawdown (10Y)

Largest decline over 10 years

-36.01%

—

—

Current Drawdown

Current decline from peak

-4.56%

-2.85%

-1.71%

Average Drawdown

Average peak-to-trough decline

-7.47%

-5.34%

-2.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.91%

2.04%

+2.87%

Volatility

MGK vs. VEQT.TO - Volatility Comparison

Vanguard Mega Cap Growth ETF (MGK) has a higher volatility of 5.41% compared to Vanguard All-Equity ETF Portfolio (VEQT.TO) at 4.29%. This indicates that MGK's price experiences larger fluctuations and is considered to be riskier than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MGKVEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.41%

4.29%

+1.12%

Volatility (6M)

Calculated over the trailing 6-month period

12.96%

10.24%

+2.72%

Volatility (1Y)

Calculated over the trailing 1-year period

16.65%

12.84%

+3.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.69%

14.39%

+8.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.92%

16.98%

+4.94%

MGK vs. VEQT.TO - Expense Ratio Comparison

MGK has a 0.05% expense ratio, which is lower than VEQT.TO's 0.24% 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%.

Dividends

MGK vs. VEQT.TO - Dividend Comparison

MGK's dividend yield for the trailing twelve months is around 0.33%, less than VEQT.TO's 1.28% yield.

PositionTTM20252024202320222021202020192018201720162015
MGK
Vanguard Mega Cap Growth ETF		0.33%0.35%0.43%0.50%0.70%0.41%0.65%0.85%1.12%1.23%1.53%1.43%
VEQT.TO
Vanguard All-Equity ETF Portfolio		1.28%1.42%1.58%1.88%2.09%1.40%1.48%1.43%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MGK and VEQT.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MGK is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MGK is cheaper with a 0.05% expense ratio, compared with 0.24% for VEQT.TO.

MGK is categorized as Large Cap Growth Equities, while VEQT.TO is Global Equities. Their fees differ too: 0.05% for MGK and 0.24% for VEQT.TO.

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