VAFAX vs. MGK
Compare and contrast key facts about Invesco American Franchise Fund Class A (VAFAX) and Vanguard Mega Cap Growth ETF (MGK).
VAFAX is managed by Invesco. It was launched on Jun 23, 2005. 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.
Performance
VAFAX vs. MGK - Performance Comparison
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VAFAX vs. MGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | -9.70% | 11.86% | 34.78% | 40.91% | -31.20% | 11.13% | 42.15% | 36.55% | -3.99% | 27.11% |
MGK Vanguard Mega Cap Growth ETF | -9.86% | 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 VAFAX having a -9.70% return and MGK slightly lower at -9.86%. Over the past 10 years, VAFAX has underperformed MGK with an annualized return of 13.99%, while MGK has yielded a comparatively higher 16.97% annualized return.
VAFAX
- 1D
- 4.44%
- 1M
- -5.93%
- YTD
- -9.70%
- 6M
- -12.22%
- 1Y
- 14.68%
- 3Y*
- 19.34%
- 5Y*
- 7.06%
- 10Y*
- 13.99%
MGK
- 1D
- 1.17%
- 1M
- -4.13%
- YTD
- -9.86%
- 6M
- -7.94%
- 1Y
- 19.83%
- 3Y*
- 22.59%
- 5Y*
- 12.64%
- 10Y*
- 16.97%
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VAFAX vs. MGK - Expense Ratio Comparison
VAFAX has a 0.95% expense ratio, which is higher than MGK's 0.05% expense ratio.
Return for Risk
VAFAX vs. MGK — Risk / Return Rank
VAFAX
MGK
VAFAX vs. MGK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco American Franchise Fund Class A (VAFAX) 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.
| VAFAX | MGK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.85 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.39 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.23 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.03 | 4.27 | -2.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VAFAX | MGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.85 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.56 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.60 | -0.07 |
Correlation
The correlation between VAFAX and MGK 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.
Dividends
VAFAX vs. MGK - Dividend Comparison
VAFAX's dividend yield for the trailing twelve months is around 15.61%, more than MGK's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAFAX Invesco American Franchise Fund Class A | 15.61% | 14.09% | 3.74% | 0.00% | 8.32% | 26.50% | 8.78% | 6.85% | 10.42% | 5.37% | 4.08% | 4.90% |
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
VAFAX vs. MGK - Drawdown Comparison
The maximum VAFAX drawdown since its inception was -48.48%, roughly equal to the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for VAFAX and MGK.
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Drawdown Indicators
| VAFAX | MGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.48% | -47.97% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.27% | -16.85% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -36.01% | -2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.86% | -36.01% | -2.85% |
Current DrawdownCurrent decline from peak | -15.69% | -12.56% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -7.51% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 4.87% | +1.27% |
Volatility
VAFAX vs. MGK - Volatility Comparison
Invesco American Franchise Fund Class A (VAFAX) has a higher volatility of 8.31% compared to Vanguard Mega Cap Growth ETF (MGK) at 7.13%. This indicates that VAFAX's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAFAX | MGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 7.13% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 12.93% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.39% | 23.35% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 22.63% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 21.82% | +0.41% |