MGV vs. DIVB
MGV (Vanguard Mega Cap Value ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, MGV returned 12.99%/yr vs 13.09%/yr for DIVB. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
MGV vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, MGV achieves a 16.41% return, which is significantly lower than DIVB's 22.13% return.
MGV
- 1D
- 0.50%
- 1M
- 0.26%
- 6M
- 12.09%
- YTD
- 16.41%
- 1Y
- 26.48%
- 3Y*
- 18.74%
- 5Y*
- 12.99%
- 10Y*
- 12.70%
DIVB
- 1D
- 2.12%
- 1M
- 3.84%
- 6M
- 18.62%
- YTD
- 22.13%
- 1Y
- 30.52%
- 3Y*
- 21.77%
- 5Y*
- 13.09%
- 10Y*
- —
MGV vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 16.41% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 25.54% | -4.13% | 4.64% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between MGV and DIVB is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.91 |
The correlation between MGV and DIVB shifts across timeframes, from 0.82 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MGV vs. DIVB — Risk / Return Rank
MGV
DIVB
MGV vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and iShares Core Dividend ETF (DIVB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGV | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.45 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 4.49 | -0.35 |
| Martin ratioReturn relative to average drawdown | 15.82 | 15.05 | +0.77 |
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Drawdowns
MGV vs. DIVB - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.07%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for MGV and DIVB.
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Drawdown Indicators
| MGV | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -36.93% | -19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -6.82% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -15.45% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -21.08% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | — | — |
Current DrawdownCurrent decline from peak | -0.97% | 0.00% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -4.94% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.03% | -0.35% |
Volatility
MGV vs. DIVB - Volatility Comparison
The current volatility for Vanguard Mega Cap Value ETF (MGV) is 2.87%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.76%. This indicates that MGV experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGV | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 4.76% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 9.50% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.15% | 12.16% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 15.35% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 18.35% | -2.06% |
MGV vs. DIVB - Expense Ratio Comparison
Both MGV and DIVB have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MGV vs. DIVB - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 1.87%, less than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% | 0.00% |
MGV Vanguard Mega Cap Value ETF | 1.87% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
Frequently Asked Questions
MGV and DIVB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.76%) compared to MGV (2.87%). In terms of maximum drawdown, MGV dropped -56.07% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 13.09% vs 12.99% for MGV. Both ETFs have the same 0.05% expense ratio. On volatility, MGV has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 13.09% return vs 12.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV and DIVB have the same expense ratio: 0.05% per year.
DIVB has the higher dividend yield at 2.17%, compared with 1.87% for MGV.
MGV is categorized as Large Cap Value Equities, while DIVB is Dividend. MGV tracks CRSP US Mega Cap Value Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Vanguard and iShares.
MGV currently has the higher Sharpe Ratio (2.62 vs 2.52), 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.
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