MGV vs. QLV
Compare and contrast key facts about Vanguard Mega Cap Value ETF (MGV) and FlexShares US Quality Low Volatility Index Fund (QLV).
MGV and QLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019. Both MGV and QLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MGV vs. QLV - Performance Comparison
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MGV vs. QLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 3.25% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 8.07% |
QLV FlexShares US Quality Low Volatility Index Fund | 0.10% | 12.28% | 18.08% | 13.71% | -9.97% | 26.08% | 9.63% | 6.24% |
Returns By Period
In the year-to-date period, MGV achieves a 3.25% return, which is significantly higher than QLV's 0.10% return.
MGV
- 1D
- 1.63%
- 1M
- -4.81%
- YTD
- 3.25%
- 6M
- 6.43%
- 1Y
- 14.96%
- 3Y*
- 15.48%
- 5Y*
- 11.32%
- 10Y*
- 12.05%
QLV
- 1D
- 1.54%
- 1M
- -3.92%
- YTD
- 0.10%
- 6M
- 0.74%
- 1Y
- 10.86%
- 3Y*
- 13.76%
- 5Y*
- 10.52%
- 10Y*
- —
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MGV vs. QLV - Expense Ratio Comparison
MGV has a 0.07% expense ratio, which is lower than QLV's 0.22% 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%.
Return for Risk
MGV vs. QLV — Risk / Return Rank
MGV
QLV
MGV vs. QLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and FlexShares US Quality Low Volatility Index Fund (QLV). 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.
| MGV | QLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.86 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.31 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.19 | +0.31 |
Martin ratioReturn relative to average drawdown | 6.54 | 6.18 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MGV | QLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.86 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.83 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.65 | -0.20 |
Correlation
The correlation between MGV and QLV is 0.82, 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.
Dividends
MGV vs. QLV - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 2.06%, more than QLV's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 2.06% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
QLV FlexShares US Quality Low Volatility Index Fund | 1.60% | 1.60% | 1.66% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MGV vs. QLV - Drawdown Comparison
The maximum MGV drawdown since its inception was -55.87%, which is greater than QLV's maximum drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for MGV and QLV.
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Drawdown Indicators
| MGV | QLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.87% | -33.71% | -22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -9.75% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -17.93% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | — | — |
Current DrawdownCurrent decline from peak | -4.89% | -4.29% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -4.08% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.88% | +0.62% |
Volatility
MGV vs. QLV - Volatility Comparison
Vanguard Mega Cap Value ETF (MGV) has a higher volatility of 3.65% compared to FlexShares US Quality Low Volatility Index Fund (QLV) at 3.18%. This indicates that MGV's price experiences larger fluctuations and is considered to be riskier than QLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGV | QLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.18% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 5.81% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 12.74% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 12.73% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 16.75% | -0.41% |