VIS vs. MGV

Last updated Jun 23, 2026

VIS (Vanguard Industrials ETF) and MGV (Vanguard Mega Cap Value ETF) are both exchange-traded funds - VIS is a Industrials Equities fund tracking the MSCI US Investable Market Industrials 25/50 Index, while MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index. Both are passively managed. Over the past 10 years, VIS returned 14.85%/yr vs 13.43%/yr for MGV. Their correlation of 0.88 suggests significant overlap in exposure. VIS charges 0.09%/yr vs 0.05%/yr for MGV.

Performance

VIS vs. MGV - Performance Comparison

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

Returns By Period

In the year-to-date period, VIS achieves a 19.57% return, which is significantly higher than MGV's 16.85% return. Over the past 10 years, VIS has outperformed MGV with an annualized return of 14.85%, while MGV has yielded a comparatively lower 13.43% annualized return.

VIS

• 1D: 0.66%
• 1M: 5.89%
• YTD: 19.57%
• 6M: 17.53%
• 1Y: 33.16%
• 3Y*: 23.08%
• 5Y*: 14.26%
• 10Y*: 14.85%

MGV

• 1D: 1.09%
• 1M: 4.51%
• YTD: 16.85%
• 6M: 16.55%
• 1Y: 30.47%
• 3Y*: 19.86%
• 5Y*: 13.34%
• 10Y*: 13.43%

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

VIS vs. MGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIS Vanguard Industrials ETF	19.57%	18.57%	16.85%	22.50%	-8.57%	20.80%	12.34%	30.09%	-14.01%	21.47%
MGV Vanguard Mega Cap Value ETF	16.85%	15.45%	16.94%	9.16%	-1.22%	25.93%	2.50%	25.54%	-4.13%	16.85%

Correlation

The correlation between VIS and MGV is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007	0.88

The correlation between VIS and MGV has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

VIS vs. MGV - Sectors Allocation Comparison

Sectors	VIS	MGV
Industrials	90.2%	13.2%
Technology	4.2%	18.5%
Utilities	3.8%	2.3%
Consumer Cyclical	1.1%	3.4%
Financial Services	0.2%	22.8%
Energy	0.2%	6.0%
Basic Materials	0.1%	2.3%
Communication Services	0.0%	3.2%
Real Estate	0.0%	1.2%
Healthcare	0.0%	16.0%
Consumer Defensive	-	11.0%

Return for Risk

VIS vs. MGV — Risk / Return Rank

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

VIS

VIS Risk / Return Rank: 59
VIS Sharpe Ratio Rank: 60
VIS Sortino Ratio Rank: 59
VIS Omega Ratio Rank: 54
VIS Calmar Ratio Rank: 56
VIS Martin Ratio Rank: 64

MGV

MGV Risk / Return Rank: 90
MGV Sharpe Ratio Rank: 92
MGV Sortino Ratio Rank: 92
MGV Omega Ratio Rank: 89
MGV Calmar Ratio Rank: 87
MGV Martin Ratio Rank: 88

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.

VIS vs. MGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Industrials ETF (VIS) 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.

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.

	VIS	MGV	Difference
Sharpe ratio: Return per unit of total volatility	1.93	3.02	-1.09
Sortino ratio: Return per unit of downside risk	2.71	4.27	-1.57
Omega ratio: Gain probability vs. loss probability	1.33	1.54	-0.22
Calmar ratio: Return relative to maximum drawdown	2.71	4.77	-2.06
Martin ratio: Return relative to average drawdown	11.22	18.12	-6.90

VIS vs. MGV - Sharpe Ratio Comparison

The current VIS Sharpe Ratio is 1.93, which is lower than the MGV Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of VIS and MGV, 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

VIS vs. MGV - Drawdown Comparison

The maximum VIS drawdown since its inception was -63.51%, which is greater than MGV's maximum drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for VIS and MGV.

Drawdown Indicators

	VIS	MGV	Difference
Max Drawdown Largest peak-to-trough decline	-63.51%	-56.07%	-7.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-6.42%	-5.87%
Max Drawdown (3Y) Largest decline over 3 years	-20.80%	-13.18%	-7.62%
Max Drawdown (5Y) Largest decline over 5 years	-22.96%	-16.54%	-6.42%
Max Drawdown (10Y) Largest decline over 10 years	-42.42%	-35.41%	-7.01%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.36%	-7.78%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	1.69%	+1.27%

Volatility

VIS vs. MGV - Volatility Comparison

Vanguard Industrials ETF (VIS) has a higher volatility of 6.13% compared to Vanguard Mega Cap Value ETF (MGV) at 3.32%. This indicates that VIS'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.

Volatility by Period

	VIS	MGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	3.32%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	14.16%	7.77%	+6.39%
Volatility (1Y) Calculated over the trailing 1-year period	17.26%	10.15%	+7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	13.57%	+4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	16.36%	+4.14%

VIS vs. MGV - Expense Ratio Comparison

VIS has a 0.09% expense ratio, which is higher than MGV's 0.05% 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

VIS vs. MGV - Dividend Comparison

VIS's dividend yield for the trailing twelve months is around 0.85%, less than MGV's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGV Vanguard Mega Cap Value ETF	1.82%	2.04%	2.31%	2.48%	2.45%	2.17%	2.47%	2.69%	2.65%	2.34%	2.53%	2.59%
VIS Vanguard Industrials ETF	0.85%	1.01%	1.23%	1.36%	1.52%	1.11%	1.38%	1.68%	1.90%	1.60%	1.81%	1.94%

Frequently Asked Questions

Can I hold both VIS and MGV in my portfolio?

VIS and MGV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIS or MGV?

VIS has higher volatility (6.13%) compared to MGV (3.32%). In terms of maximum drawdown, VIS dropped -63.51% vs MGV's -56.07%.

Which ETF is better, VIS or MGV?

On 10-year performance, VIS leads with 14.85% vs 13.43% for MGV. On fees, MGV is cheaper at 0.05% per year. On volatility, MGV has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VIS or MGV?

Over the 10-year period, VIS has performed better with a 14.85% return vs 13.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VIS or MGV?

MGV is cheaper with a 0.05% expense ratio, compared with 0.09% for VIS.

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

MGV has the higher dividend yield at 1.82%, compared with 0.85% for VIS.

What is the main difference between VIS and MGV?

VIS is categorized as Industrials Equities, while MGV is Large Cap Value Equities. VIS tracks MSCI US Investable Market Industrials 25/50 Index, while MGV tracks CRSP US Mega Cap Value Index. Their fees differ too: 0.09% for VIS and 0.05% for MGV.

Which has better risk-adjusted returns?

MGV currently has the higher Sharpe Ratio (3.02 vs 1.93), 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.