MGV vs. SPYV
Compare and contrast key facts about Vanguard Mega Cap Value ETF (MGV) and SPDR Portfolio S&P 500 Value ETF (SPYV).
MGV and SPYV 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. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. Both MGV and SPYV 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: MGV or SPYV.
Key characteristics
| MGV | SPYV | |
|---|---|---|
| YTD Return | 6.28% | 3.93% |
| 1Y Return | 15.35% | 19.78% |
| 3Y Return (Ann) | 8.46% | 9.59% |
| 5Y Return (Ann) | 10.57% | 11.56% |
| 10Y Return (Ann) | 10.34% | 10.07% |
| Sharpe Ratio | 1.52 | 1.77 |
| Daily Std Dev | 10.10% | 11.32% |
| Max Drawdown | -56.31% | -58.45% |
| Current Drawdown | -3.31% | -3.77% |
Correlation
The correlation between MGV and SPYV is 0.95, 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
MGV vs. SPYV - Performance Comparison
In the year-to-date period, MGV achieves a 6.28% return, which is significantly higher than SPYV's 3.93% return. Both investments have delivered pretty close results over the past 10 years, with MGV having a 10.34% annualized return and SPYV not far behind at 10.07%. 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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MGV vs. SPYV - Expense Ratio Comparison
MGV has a 0.07% expense ratio, which is higher than SPYV's 0.04% expense ratio. However, 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
MGV vs. SPYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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
MGV vs. SPYV - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 2.43%, more than SPYV's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 2.43% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.85% | 1.75% | 2.22% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
Drawdowns
MGV vs. SPYV - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.31%, roughly equal to the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for MGV and SPYV. For additional features, visit the drawdowns tool.
Volatility
MGV vs. SPYV - Volatility Comparison
The current volatility for Vanguard Mega Cap Value ETF (MGV) is 3.12%, while SPDR Portfolio S&P 500 Value ETF (SPYV) has a volatility of 3.31%. This indicates that MGV experiences smaller price fluctuations and is considered to be less risky than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.