SCHG vs. MGK

Last updated Apr 1, 2026

Compare and contrast key facts about Schwab U.S. Large-Cap Growth ETF (SCHG) and Vanguard Mega Cap Growth ETF (MGK).

SCHG and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009. MGK is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Growth Index. It was launched on Dec 17, 2007. Both SCHG and MGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SCHG vs. MGK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and Vanguard Mega Cap Growth ETF (MGK). The values are adjusted to include any dividend payments, if applicable.

SCHG vs. MGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHG Schwab U.S. Large-Cap Growth ETF	-10.59%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%
MGK Vanguard Mega Cap Growth ETF	-10.90%	20.67%	32.94%	51.67%	-33.59%	28.58%	41.01%	37.38%	-2.91%	29.49%

Returns By Period

The year-to-date returns for both stocks are quite close, with SCHG having a -10.59% return and MGK slightly lower at -10.90%. Both investments have delivered pretty close results over the past 10 years, with SCHG having a 16.83% annualized return and MGK not far ahead at 16.84%.

SCHG

• 1D: 3.67%
• 1M: -5.12%
• YTD: -10.59%
• 6M: -8.51%
• 1Y: 16.81%
• 3Y*: 21.91%
• 5Y*: 12.55%
• 10Y*: 16.83%

MGK

• 1D: 3.95%
• 1M: -4.96%
• YTD: -10.90%
• 6M: -8.52%
• 1Y: 19.40%
• 3Y*: 22.12%
• 5Y*: 12.38%
• 10Y*: 16.84%

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

SCHG vs. MGK - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than MGK's 0.05% 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%.

MGK

Vanguard Mega Cap Growth ETF

SCHG

Schwab U.S. Large-Cap Growth ETF

Return for Risk

SCHG vs. MGK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHG

SCHG Risk / Return Rank: 46
SCHG Sharpe Ratio Rank: 45
SCHG Sortino Ratio Rank: 50
SCHG Omega Ratio Rank: 49
SCHG Calmar Ratio Rank: 45
SCHG Martin Ratio Rank: 41

MGK

MGK Risk / Return Rank: 51
MGK Sharpe Ratio Rank: 50
MGK Sortino Ratio Rank: 56
MGK Omega Ratio Rank: 54
MGK Calmar Ratio Rank: 51
MGK Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHG vs. MGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) 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.

	SCHG	MGK	Difference
Sharpe ratio Return per unit of total volatility	0.75	0.84	-0.08
Sortino ratio Return per unit of downside risk	1.23	1.36	-0.13
Omega ratio Gain probability vs. loss probability	1.17	1.19	-0.02
Calmar ratio Return relative to maximum drawdown	1.03	1.16	-0.13
Martin ratio Return relative to average drawdown	3.54	4.07	-0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHG vs. MGK - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 0.75, which is comparable to the MGK Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of SCHG and MGK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCHG	MGK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	0.84	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.55	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.77	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.60	+0.19

Correlation

The correlation between SCHG and MGK is 0.99, 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.

Dividends

SCHG vs. MGK - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.43%, more than MGK's 0.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHG Schwab U.S. Large-Cap Growth ETF	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
MGK Vanguard Mega Cap Growth ETF	0.39%	0.35%	0.43%	0.50%	0.70%	0.41%	0.65%	0.85%	1.12%	1.23%	1.53%	1.43%

Drawdowns

SCHG vs. MGK - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, smaller than the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for SCHG and MGK.

Drawdown Indicators

	SCHG	MGK	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-47.97%	+13.38%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-16.85%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	-36.01%	+1.42%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-36.01%	+1.42%
Current Drawdown Current decline from peak	-13.34%	-13.57%	+0.23%
Average Drawdown Average peak-to-trough decline	-5.22%	-7.51%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	4.81%	-0.03%

Volatility

SCHG vs. MGK - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) and Vanguard Mega Cap Growth ETF (MGK) have volatilities of 6.67% and 7.01%, 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.

Volatility by Period

	SCHG	MGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	7.01%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	12.88%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	22.43%	23.33%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.32%	22.64%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	21.82%	-0.31%