MGV vs. VTV

Last updated Aug 2, 2026

MGV (Vanguard Mega Cap Value ETF) and VTV (Vanguard Value ETF) are both Large Cap Value Equities funds from Vanguard - MGV tracks the CRSP US Mega Cap Value Index while VTV tracks the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, MGV returned 12.87%/yr vs 12.57%/yr for VTV. Their 0.99 correlation means they have historically moved very closely together. MGV charges 0.05%/yr vs 0.04%/yr for VTV.

Performance

MGV vs. VTV - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with MGV having a 16.77% return and VTV slightly lower at 16.37%. Both investments have delivered pretty close results over the past 10 years, with MGV having a 12.87% annualized return and VTV not far behind at 12.57%.

MGV

• 1D: -0.23%
• 1M: -0.51%
• 6M: 11.22%
• YTD: 16.77%
• 1Y: 28.72%
• 3Y*: 17.69%
• 5Y*: 12.79%
• 10Y*: 12.87%
• ALL TIME*: 9.30%

VTV

• 1D: -0.27%
• 1M: 0.36%
• 6M: 11.27%
• YTD: 16.37%
• 1Y: 27.94%
• 3Y*: 17.12%
• 5Y*: 12.29%
• 10Y*: 12.57%
• ALL TIME*: 9.67%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGV Vanguard Mega Cap Value ETF	$37.04M	$38.78M	$39.74M
VTV Vanguard Value ETF	$688.19M	$688.42M	$619.05M

MGV vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGV Vanguard Mega Cap Value ETF	16.77%	15.45%	16.94%	9.16%	-1.22%	25.93%	2.50%	25.54%	-4.13%	16.85%
VTV Vanguard Value ETF	16.37%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between MGV and VTV is 0.98 - 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.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.99
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (10Y) Provides a long-term view across more market conditions.	0.99
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007	0.99

The correlation between MGV and VTV has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

MGV vs. VTV - Sectors Allocation Comparison

Sectors	MGV	VTV
Financial Services	23.1%	22.4%
Technology	18.1%	15.3%
Healthcare	16.7%	15.2%
Industrials	13.8%	14.3%
Consumer Defensive	10.7%	8.7%
Energy	5.5%	6.9%
Consumer Cyclical	3.8%	3.9%
Communication Services	3.0%	2.9%
Basic Materials	2.3%	3.0%
Utilities	2.0%	4.8%
Real Estate	1.0%	2.5%

Return for Risk

MGV vs. VTV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MGV

MGV Risk / Return Rank: 94
MGV Sharpe Ratio Rank: 95
MGV Sortino Ratio Rank: 95
MGV Omega Ratio Rank: 93
MGV Calmar Ratio Rank: 92
MGV Martin Ratio Rank: 93

VTV

VTV Risk / Return Rank: 93
VTV Sharpe Ratio Rank: 94
VTV Sortino Ratio Rank: 94
VTV Omega Ratio Rank: 93
VTV Calmar Ratio Rank: 92
VTV Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MGV vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Value ETF (MGV) and Vanguard Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.62	+0.09
Sortino ratio: Return per unit of downside risk	3.84	3.74	+0.10
Omega ratio: Gain probability vs. loss probability	1.49	1.47	+0.02
Calmar ratio: Return relative to maximum drawdown	4.31	4.24	+0.07
Martin ratio: Return relative to average drawdown	16.78	16.42	+0.36

MGV vs. VTV - Sharpe Ratio Comparison

The current MGV Sharpe Ratio is 2.70, which is comparable to the VTV Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of MGV and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MGV vs. VTV - Drawdown Comparison

The maximum MGV drawdown since its inception was -56.07%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for MGV and VTV.

Drawdown Indicators

	MGV	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-56.07%	-59.27%	+3.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	-6.35%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-14.52%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-16.54%	-17.04%	+0.50%
Max Drawdown (10Y) Largest decline over 10 years	-35.41%	-36.78%	+1.37%
Current Drawdown Current decline from peak	-1.34%	-1.36%	+0.02%
Average Drawdown Average peak-to-trough decline	-7.73%	-7.82%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.64%	+0.01%

Volatility

MGV vs. VTV - Volatility Comparison

Vanguard Mega Cap Value ETF (MGV) has a higher volatility of 2.87% compared to Vanguard Value ETF (VTV) at 2.62%. This indicates that MGV's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGV	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.62%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	7.85%	7.72%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	10.36%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.56%	13.82%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	16.61%	-0.31%

MGV vs. VTV - Expense Ratio Comparison

MGV has a 0.05% expense ratio, which is higher than VTV'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%.

Dividends

MGV vs. VTV - Dividend Comparison

MGV's dividend yield for the trailing twelve months is around 1.87%, which matches VTV's 1.86% 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%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both MGV and VTV in my portfolio?

With a correlation of 0.98, MGV and VTV 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.

Which is riskier, MGV or VTV?

MGV has higher volatility (2.87%) compared to VTV (2.62%). In terms of maximum drawdown, MGV dropped -56.07% vs VTV's -59.27%.

Which ETF is better, MGV or VTV?

On 10-year performance, MGV leads with 12.87% vs 12.57% for VTV. On fees, VTV is cheaper at 0.04% per year. On volatility, VTV has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MGV or VTV?

Over the 10-year period, MGV has performed better with a 12.87% return vs 12.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MGV or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.05% for MGV.

Which ETF pays a higher dividend yield, MGV or VTV?

MGV has the higher dividend yield at 1.87%, compared with 1.86% for VTV.

What is the main difference between MGV and VTV?

MGV tracks CRSP US Mega Cap Value Index, while VTV tracks CRSP US Large Cap Value Index. Their fees differ too: 0.05% for MGV and 0.04% for VTV.

Which has better risk-adjusted returns?

MGV currently has the higher Sharpe Ratio (2.70 vs 2.62), 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.