OFVIX vs. MGK
Compare and contrast key facts about O'Shaughnessy Market Leaders Value Fund (OFVIX) and Vanguard Mega Cap Growth ETF (MGK).
OFVIX is managed by O'Shaughnessy Mutual Funds. It was launched on Feb 26, 2016. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OFVIX or MGK.
Key characteristics
| OFVIX | MGK | |
|---|---|---|
| YTD Return | 15.94% | 21.61% |
| 1Y Return | 23.78% | 31.50% |
| 3Y Return (Ann) | 10.66% | 9.19% |
| 5Y Return (Ann) | 12.55% | 19.39% |
| Sharpe Ratio | 1.87 | 1.82 |
| Daily Std Dev | 13.62% | 17.72% |
| Max Drawdown | -41.88% | -48.36% |
| Current Drawdown | -2.12% | -4.63% |
Correlation
The correlation between OFVIX and MGK is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OFVIX vs. MGK - Performance Comparison
In the year-to-date period, OFVIX achieves a 15.94% return, which is significantly lower than MGK's 21.61% return. 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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OFVIX vs. MGK - Expense Ratio Comparison
OFVIX has a 0.56% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
OFVIX vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for O'Shaughnessy Market Leaders Value Fund (OFVIX) and Vanguard Mega Cap Growth ETF (MGK). 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
OFVIX vs. MGK - Dividend Comparison
OFVIX's dividend yield for the trailing twelve months is around 3.53%, more than MGK's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OFVIX O'Shaughnessy Market Leaders Value Fund | 3.53% | 4.10% | 7.88% | 1.81% | 2.15% | 2.69% | 7.74% | 3.65% | 1.06% | 0.00% | 0.00% | 0.00% |
MGK Vanguard Mega Cap Growth ETF | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
OFVIX vs. MGK - Drawdown Comparison
The maximum OFVIX drawdown since its inception was -41.88%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for OFVIX and MGK. For additional features, visit the drawdowns tool.
Volatility
OFVIX vs. MGK - Volatility Comparison
The current volatility for O'Shaughnessy Market Leaders Value Fund (OFVIX) is 3.51%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.87%. This indicates that OFVIX experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.