MGV vs. KWIN

Last updated Jul 15, 2026

MGV (Vanguard Mega Cap Value ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - MGV tracks the CRSP US Mega Cap Value Index while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. At a 0.12 correlation, their price movements are largely independent. MGV charges 0.05%/yr vs 0.51%/yr for KWIN.

Performance

MGV vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap Value ETF (MGV) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGV achieves a 16.50% return, which is significantly higher than KWIN's 1.72% return.

MGV

• 1D: -0.34%
• 1M: 0.87%
• 6M: 13.19%
• YTD: 16.50%
• 1Y: 25.77%
• 3Y*: 18.79%
• 5Y*: 12.85%
• 10Y*: 12.73%

KWIN

• 1D: 0.13%
• 1M: 0.25%
• 6M: 1.37%
• YTD: 1.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MGV vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
MGV Vanguard Mega Cap Value ETF	16.50%	4.10%
KWIN KraneShares Wahed Alternative Income Index ETF	1.72%	0.61%

Correlation

The correlation between MGV and KWIN is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.12

Return for Risk

MGV vs. KWIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGV

MGV Risk / Return Rank: 90
MGV Sharpe Ratio Rank: 92
MGV Sortino Ratio Rank: 93
MGV Omega Ratio Rank: 90
MGV Calmar Ratio Rank: 88
MGV Martin Ratio Rank: 89

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MGV vs. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	2.54	—	—
Sortino ratio: Return per unit of downside risk	3.64	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	4.03	—	—
Martin ratio: Return relative to average drawdown	15.43	—	—

Drawdowns

MGV vs. KWIN - Drawdown Comparison

The maximum MGV drawdown since its inception was -56.07%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for MGV and KWIN.

Drawdown Indicators

	MGV	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-56.07%	-1.50%	-54.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.41%	—	—
Current Drawdown Current decline from peak	-0.89%	-1.32%	+0.43%
Average Drawdown Average peak-to-trough decline	-7.75%	-0.26%	-7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	—	—

Volatility

Volatility by Period

	MGV	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.20%	4.15%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	4.15%	+9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	4.15%	+12.14%

MGV vs. KWIN - Expense Ratio Comparison

MGV has a 0.05% expense ratio, which is lower than KWIN's 0.51% expense ratio.

Dividends

MGV vs. KWIN - Dividend Comparison

MGV's dividend yield for the trailing twelve months is around 1.87%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both MGV and KWIN in my portfolio?

MGV and KWIN have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MGV or KWIN?

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

Which ETF is cheaper, MGV or KWIN?

MGV is cheaper with a 0.05% expense ratio, compared with 0.51% for KWIN.

Which ETF pays a higher dividend yield, MGV or KWIN?

MGV has the higher dividend yield at 1.87%, compared with 0.00% for KWIN.

What is the main difference between MGV and KWIN?

MGV tracks CRSP US Mega Cap Value Index, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: Vanguard and KraneShares. Their fees differ too: 0.05% for MGV and 0.51% for KWIN.