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SPYV vs. MGV

Last updated Mar 1, 2024

Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and Vanguard Mega Cap Value ETF (MGV).

SPYV and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both SPYV and MGV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYV or MGV.

Key characteristics


SPYVMGV
YTD Return3.20%4.63%
1Y Return22.06%15.98%
3Y Return (Ann)11.91%10.41%
5Y Return (Ann)12.30%10.74%
10Y Return (Ann)10.41%10.54%
Sharpe Ratio1.751.47
Daily Std Dev12.29%10.83%
Max Drawdown-58.45%-56.31%
Current Drawdown-0.21%-0.37%

Correlation

0.95
-1.001.00

The correlation between SPYV and MGV is 0.95, 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.

SPYV vs. MGV - Performance Comparison

In the year-to-date period, SPYV achieves a 3.20% return, which is significantly lower than MGV's 4.63% return. Both investments have delivered pretty close results over the past 10 years, with SPYV having a 10.41% annualized return and MGV not far ahead at 10.54%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


180.00%190.00%200.00%210.00%220.00%230.00%240.00%250.00%SeptemberOctoberNovemberDecember2024February
247.10%
246.75%
SPYV
MGV

Compare stocks, funds, or ETFs


SPDR Portfolio S&P 500 Value ETF

Vanguard Mega Cap Value ETF

SPYV vs. MGV - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.69%, less than MGV's 2.37% yield.


TTM20232022202120202019201820172016201520142013
SPYV
SPDR Portfolio S&P 500 Value ETF
1.69%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%2.19%1.96%
MGV
Vanguard Mega Cap Value ETF
2.37%2.48%2.45%2.17%2.47%2.69%2.65%2.34%2.53%2.59%2.26%2.29%

SPYV vs. MGV - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than MGV's 0.07% expense ratio.

0.07%
0.00%2.15%
0.04%
0.00%2.15%

SPYV vs. MGV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and Vanguard Mega Cap Value ETF (MGV). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPYV
SPDR Portfolio S&P 500 Value ETF
1.75
MGV
Vanguard Mega Cap Value ETF
1.47

SPYV vs. MGV - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 1.75, which roughly equals the MGV Sharpe Ratio of 1.47. The chart below compares the 12-month rolling Sharpe Ratio of SPYV and MGV.


Rolling 12-month Sharpe Ratio0.000.501.001.50SeptemberOctoberNovemberDecember2024February
1.75
1.47
SPYV
MGV

SPYV vs. MGV - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, roughly equal to the maximum MGV drawdown of -56.31%. The drawdown chart below compares losses from any high point along the way for SPYV and MGV


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%SeptemberOctoberNovemberDecember2024February
-0.21%
-0.37%
SPYV
MGV

SPYV vs. MGV - Volatility Comparison

SPDR Portfolio S&P 500 Value ETF (SPYV) has a higher volatility of 2.95% compared to Vanguard Mega Cap Value ETF (MGV) at 2.61%. This indicates that SPYV's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%SeptemberOctoberNovemberDecember2024February
2.95%
2.61%
SPYV
MGV