MGK vs. VONG
Compare and contrast key facts about Vanguard Mega Cap Growth ETF (MGK) and Vanguard Russell 1000 Growth ETF (VONG).
MGK and VONG 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. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. Both MGK and VONG 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 VONG.
Key characteristics
| MGK | VONG | |
|---|---|---|
| YTD Return | 5.52% | 6.62% |
| 1Y Return | 32.33% | 31.77% |
| 3Y Return (Ann) | 7.83% | 8.40% |
| 5Y Return (Ann) | 17.07% | 16.64% |
| 10Y Return (Ann) | 15.29% | 15.40% |
| Sharpe Ratio | 2.00 | 2.11 |
| Daily Std Dev | 16.04% | 15.07% |
| Max Drawdown | -48.36% | -32.72% |
| Current Drawdown | -5.39% | -4.79% |
Correlation
The correlation between MGK and VONG 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. VONG - Performance Comparison
In the year-to-date period, MGK achieves a 5.52% return, which is significantly lower than VONG's 6.62% return. Both investments have delivered pretty close results over the past 10 years, with MGK having a 15.29% annualized return and VONG not far ahead at 15.40%. 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. VONG - Expense Ratio Comparison
MGK has a 0.07% expense ratio, which is lower than VONG's 0.08% 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. VONG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth ETF (MGK) and Vanguard Russell 1000 Growth ETF (VONG). 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. VONG - Dividend Comparison
MGK's dividend yield for the trailing twelve months is around 0.48%, less than VONG's 0.70% 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% |
VONG Vanguard Russell 1000 Growth ETF | 0.70% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
Drawdowns
MGK vs. VONG - Drawdown Comparison
The maximum MGK drawdown since its inception was -48.36%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for MGK and VONG. For additional features, visit the drawdowns tool.
Volatility
MGK vs. VONG - Volatility Comparison
Vanguard Mega Cap Growth ETF (MGK) has a higher volatility of 5.64% compared to Vanguard Russell 1000 Growth ETF (VONG) at 5.25%. This indicates that MGK's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.