MGV vs. VGIT
MGV (Vanguard Mega Cap Value ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, MGV returned 13.15%/yr vs 1.20%/yr for VGIT. At a correlation of -0.24, they often move in opposite directions. MGV charges 0.05%/yr vs 0.03%/yr for VGIT.
Performance
MGV vs. VGIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGV achieves a 15.50% return, which is significantly higher than VGIT's -0.29% return. Over the past 10 years, MGV has outperformed VGIT with an annualized return of 13.15%, while VGIT has yielded a comparatively lower 1.20% annualized return.
MGV
- 1D
- 0.90%
- 1M
- 4.18%
- YTD
- 15.50%
- 6M
- 15.37%
- 1Y
- 28.69%
- 3Y*
- 18.98%
- 5Y*
- 12.53%
- 10Y*
- 13.15%
VGIT
- 1D
- -0.12%
- 1M
- 0.16%
- YTD
- -0.29%
- 6M
- 0.04%
- 1Y
- 3.43%
- 3Y*
- 3.69%
- 5Y*
- 0.01%
- 10Y*
- 1.20%
MGV vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 15.50% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 25.54% | -4.13% | 16.85% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.29% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Correlation
The correlation between MGV and VGIT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | -0.24 |
The correlation between MGV and VGIT shifts across timeframes, from -0.24 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGV vs. VGIT — Risk / Return Rank
MGV
VGIT
MGV vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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 | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.17 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 1.13 | +3.23 |
| Martin ratioReturn relative to average drawdown | 16.56 | 3.18 | +13.38 |
Loading charts...
Drawdowns
MGV vs. VGIT - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.07%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for MGV and VGIT.
Loading charts...
Drawdown Indicators
| MGV | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -16.05% | -40.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -2.83% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -4.34% | -8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -15.02% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | -16.05% | -19.36% |
Current DrawdownCurrent decline from peak | 0.00% | -2.22% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -3.52% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.01% | +0.68% |
Volatility
MGV vs. VGIT - Volatility Comparison
Vanguard Mega Cap Value ETF (MGV) has a higher volatility of 3.33% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.15%. This indicates that MGV's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGV | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.15% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 2.40% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 3.34% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 5.38% | +8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 4.50% | +11.85% |
MGV vs. VGIT - Expense Ratio Comparison
MGV has a 0.05% expense ratio, which is higher than VGIT's 0.03% 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%.
Dividends
MGV vs. VGIT - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 1.85%, less than VGIT's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 1.85% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
MGV and VGIT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGV has higher volatility (3.33%) compared to VGIT (1.15%). In terms of maximum drawdown, MGV dropped -56.07% vs VGIT's -16.05%.
On 10-year performance, MGV leads with 13.15% vs 1.20% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MGV has performed better with a 13.15% return vs 1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.05% for MGV.
VGIT has the higher dividend yield at 3.86%, compared with 1.85% for MGV.
MGV is categorized as Large Cap Value Equities, while VGIT is Government Bonds. MGV tracks CRSP US Mega Cap Value Index, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. Their fees differ too: 0.05% for MGV and 0.03% for VGIT.
MGV currently has the higher Sharpe Ratio (2.76 vs 0.96), 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.
Find the right allocation for MGV and VGIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer