MGV vs. VMVLX
MGV (Vanguard Mega Cap Value ETF) and VMVLX (Vanguard Mega Cap Value Index Fund Institutional Shares) are both Large Cap Value Equities funds from Vanguard. Over the past 10 years, MGV returned 12.76%/yr vs 12.79%/yr for VMVLX. Their 0.99 correlation means they have historically moved very closely together. MGV charges 0.05%/yr vs 0.06%/yr for VMVLX.
Performance
MGV vs. VMVLX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MGV having a 17.26% return and VMVLX slightly lower at 16.75%. Both investments have delivered pretty close results over the past 10 years, with MGV having a 12.76% annualized return and VMVLX not far ahead at 12.79%.
MGV
- 1D
- 0.42%
- 1M
- -0.09%
- 6M
- 10.64%
- YTD
- 17.26%
- 1Y
- 29.26%
- 3Y*
- 18.40%
- 5Y*
- 12.90%
- 10Y*
- 12.76%
- ALL TIME*
- 9.32%
VMVLX
- 1D
- -0.27%
- 1M
- -0.53%
- 6M
- 10.14%
- YTD
- 16.75%
- 1Y
- 28.73%
- 3Y*
- 17.68%
- 5Y*
- 12.79%
- 10Y*
- 12.79%
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.79M | $38.66M | $40.05M | |
| $0.00 | $0.00 | $0.00 |
MGV vs. VMVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 17.26% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 25.54% | -4.13% | 16.85% |
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 16.75% | 15.60% | 16.87% | 9.14% | -1.21% | 25.92% | 2.48% | 25.71% | -4.09% | 16.81% |
Correlation
The correlation between MGV and VMVLX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | 0.99 |
The correlation between MGV and VMVLX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
MGV vs. VMVLX — Risk / Return Rank
MGV
VMVLX
MGV vs. VMVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX). 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 | VMVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.49 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 4.32 | +0.26 |
| Martin ratioReturn relative to average drawdown | 17.81 | 16.83 | +0.98 |
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Drawdowns
MGV vs. VMVLX - Drawdown Comparison
The maximum MGV drawdown since its inception was -56.07%, roughly equal to the maximum VMVLX drawdown of -55.79%. Use the drawdown chart below to compare losses from any high point for MGV and VMVLX.
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Drawdown Indicators
| MGV | VMVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.07% | -55.79% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -6.41% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -13.12% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.54% | -16.60% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.41% | -35.57% | +0.16% |
Current DrawdownCurrent decline from peak | -0.93% | -1.32% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -7.59% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.64% | +0.01% |
Volatility
MGV vs. VMVLX - Volatility Comparison
Vanguard Mega Cap Value ETF (MGV) and Vanguard Mega Cap Value Index Fund Institutional Shares (VMVLX) have volatilities of 2.77% and 2.85%, 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.
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Volatility by Period
| MGV | VMVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.85% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 7.88% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.21% | 10.33% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.55% | 13.56% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 16.43% | -0.13% |
MGV vs. VMVLX - Expense Ratio Comparison
MGV has a 0.05% expense ratio, which is lower than VMVLX's 0.06% 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%.
Dividends
MGV vs. VMVLX - Dividend Comparison
MGV's dividend yield for the trailing twelve months is around 1.86%, which matches VMVLX's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 1.86% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
VMVLX Vanguard Mega Cap Value Index Fund Institutional Shares | 1.87% | 2.05% | 2.32% | 2.49% | 2.46% | 2.18% | 2.47% | 2.70% | 2.66% | 2.36% | 1.90% | 2.62% |
Frequently Asked Questions
With a correlation of 1.00, MGV and VMVLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VMVLX has higher volatility (2.85%) compared to MGV (2.77%). In terms of maximum drawdown, MGV dropped -56.07% vs VMVLX's -55.79%.
MGV currently has the higher Sharpe Ratio (2.88 vs 2.70), 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.
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