MGV vs. SDVGX

Last updated Jun 5, 2026

MGV (Vanguard Mega Cap Value ETF) and SDVGX (SIT Dividend Growth Fund) are both funds - MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index, while SDVGX is a Large Cap Blend Equities fund managed by Sit. Over the past 10 years, MGV returned 12.84%/yr vs 12.36%/yr for SDVGX. Their correlation of 0.92 suggests significant overlap in exposure. MGV charges 0.05%/yr vs 0.70%/yr for SDVGX.

Performance

MGV vs. SDVGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Mega Cap Value ETF (MGV) and SIT Dividend Growth Fund (SDVGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGV achieves a 14.01% return, which is significantly higher than SDVGX's 6.60% return. Both investments have delivered pretty close results over the past 10 years, with MGV having a 12.84% annualized return and SDVGX not far behind at 12.36%.

MGV

• 1D: 0.77%
• 1M: 4.80%
• YTD: 14.01%
• 6M: 14.90%
• 1Y: 28.63%
• 3Y*: 19.33%
• 5Y*: 12.10%
• 10Y*: 12.84%

SDVGX

• 1D: -0.72%
• 1M: 3.04%
• YTD: 6.60%
• 6M: 6.92%
• 1Y: 23.50%
• 3Y*: 18.05%
• 5Y*: 11.06%
• 10Y*: 12.36%

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

MGV vs. SDVGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGV Vanguard Mega Cap Value ETF	14.01%	15.45%	16.94%	9.16%	-1.22%	25.93%	2.50%	25.54%	-4.13%	16.85%
SDVGX SIT Dividend Growth Fund	6.60%	18.73%	18.22%	14.89%	-12.17%	27.87%	7.79%	29.18%	-6.86%	20.22%

Correlation

The correlation between MGV and SDVGX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 28, 2007	0.92

The correlation between MGV and SDVGX shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MGV vs. SDVGX — Risk / Return Rank

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

MGV

MGV Risk / Return Rank: 87
MGV Sharpe Ratio Rank: 88
MGV Sortino Ratio Rank: 90
MGV Omega Ratio Rank: 87
MGV Calmar Ratio Rank: 84
MGV Martin Ratio Rank: 84

SDVGX

SDVGX Risk / Return Rank: 62
SDVGX Sharpe Ratio Rank: 62
SDVGX Sortino Ratio Rank: 58
SDVGX Omega Ratio Rank: 58
SDVGX Calmar Ratio Rank: 61
SDVGX Martin Ratio Rank: 72

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. SDVGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and SIT Dividend Growth Fund (SDVGX). 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	SDVGX	Difference
Sharpe ratio: Return per unit of total volatility	2.93	2.32	+0.61
Sortino ratio: Return per unit of downside risk	4.16	3.20	+0.96
Omega ratio: Gain probability vs. loss probability	1.53	1.42	+0.11
Calmar ratio: Return relative to maximum drawdown	4.48	2.97	+1.51
Martin ratio: Return relative to average drawdown	17.05	13.59	+3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGV vs. SDVGX - Sharpe Ratio Comparison

The current MGV Sharpe Ratio is 2.93, which is comparable to the SDVGX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of MGV and SDVGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGV	SDVGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	2.32	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.74	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.72	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.60	-0.12

Drawdowns

MGV vs. SDVGX - Drawdown Comparison

The maximum MGV drawdown since its inception was -55.87%, which is greater than SDVGX's maximum drawdown of -45.52%. Use the drawdown chart below to compare losses from any high point for MGV and SDVGX.

Drawdown Indicators

	MGV	SDVGX	Difference
Max Drawdown Largest peak-to-trough decline	-55.87%	-45.52%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	-7.92%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-16.13%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-16.54%	-21.13%	+4.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.41%	-35.01%	-0.40%
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-7.69%	-5.03%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.73%	-0.05%

Volatility

MGV vs. SDVGX - Volatility Comparison

Vanguard Mega Cap Value ETF (MGV) and SIT Dividend Growth Fund (SDVGX) have volatilities of 2.37% and 2.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGV	SDVGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	2.32%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.49%	7.75%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	9.85%	10.17%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	15.10%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	17.19%	-0.86%

MGV vs. SDVGX - Expense Ratio Comparison

MGV has a 0.05% expense ratio, which is lower than SDVGX's 0.70% expense ratio.

Dividends

MGV vs. SDVGX - Dividend Comparison

MGV's dividend yield for the trailing twelve months is around 1.87%, less than SDVGX's 9.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SDVGX SIT Dividend Growth Fund	9.49%	10.10%	12.47%	4.66%	12.01%	12.29%	1.42%	12.85%	25.20%	11.49%	8.32%	13.23%

Frequently Asked Questions

Can I hold both MGV and SDVGX in my portfolio?

MGV and SDVGX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGV or SDVGX?

MGV has higher volatility (2.37%) compared to SDVGX (2.32%). In terms of maximum drawdown, MGV dropped -55.87% vs SDVGX's -45.52%.

Which has better risk-adjusted returns?

MGV currently has the higher Sharpe Ratio (2.93 vs 2.32), 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.