VLU vs. MGV

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR S&P 1500 Value Tilt ETF (VLU) and Vanguard Mega Cap Value ETF (MGV).

VLU and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VLU is a passively managed fund by State Street that tracks the performance of the S&P 1500 Low Valuation Tilt Index. It was launched on Oct 24, 2012. 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 VLU 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.

Performance

VLU vs. MGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 1500 Value Tilt ETF (VLU) and Vanguard Mega Cap Value ETF (MGV). The values are adjusted to include any dividend payments, if applicable.

VLU vs. MGV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLU SPDR S&P 1500 Value Tilt ETF	2.50%	16.70%	17.24%	17.18%	-8.24%	30.95%	9.91%	26.20%	-7.89%	18.16%
MGV Vanguard Mega Cap Value ETF	3.25%	15.45%	16.94%	9.16%	-1.22%	25.93%	2.50%	25.54%	-4.13%	16.85%

Returns By Period

In the year-to-date period, VLU achieves a 2.50% return, which is significantly lower than MGV's 3.25% return. Over the past 10 years, VLU has outperformed MGV with an annualized return of 13.18%, while MGV has yielded a comparatively lower 12.05% annualized return.

VLU

• 1D: 2.04%
• 1M: -3.82%
• YTD: 2.50%
• 6M: 6.27%
• 1Y: 19.18%
• 3Y*: 17.17%
• 5Y*: 11.22%
• 10Y*: 13.18%

MGV

• 1D: 1.63%
• 1M: -4.81%
• YTD: 3.25%
• 6M: 6.43%
• 1Y: 14.96%
• 3Y*: 15.48%
• 5Y*: 11.32%
• 10Y*: 12.05%

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

VLU vs. MGV - Expense Ratio Comparison

VLU has a 0.12% expense ratio, which is higher than MGV's 0.07% 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%.

VLU

SPDR S&P 1500 Value Tilt ETF

MGV

Vanguard Mega Cap Value ETF

Return for Risk

VLU vs. MGV — Risk / Return Rank

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

VLU

VLU Risk / Return Rank: 70
VLU Sharpe Ratio Rank: 68
VLU Sortino Ratio Rank: 68
VLU Omega Ratio Rank: 72
VLU Calmar Ratio Rank: 67
VLU Martin Ratio Rank: 76

MGV

MGV Risk / Return Rank: 64
MGV Sharpe Ratio Rank: 62
MGV Sortino Ratio Rank: 61
MGV Omega Ratio Rank: 64
MGV Calmar Ratio Rank: 64
MGV Martin Ratio Rank: 69

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.

VLU vs. MGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 1500 Value Tilt ETF (VLU) 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.

	VLU	MGV	Difference
Sharpe ratio Return per unit of total volatility	1.15	1.03	+0.12
Sortino ratio Return per unit of downside risk	1.67	1.48	+0.19
Omega ratio Gain probability vs. loss probability	1.26	1.22	+0.03
Calmar ratio Return relative to maximum drawdown	1.63	1.50	+0.14
Martin ratio Return relative to average drawdown	7.78	6.54	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VLU vs. MGV - Sharpe Ratio Comparison

The current VLU Sharpe Ratio is 1.15, which is comparable to the MGV Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of VLU and MGV, 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

	VLU	MGV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.03	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.84	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.74	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.45	+0.32

Correlation

The correlation between VLU and MGV is 0.72, 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

VLU vs. MGV - Dividend Comparison

VLU's dividend yield for the trailing twelve months is around 1.78%, less than MGV's 2.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VLU SPDR S&P 1500 Value Tilt ETF	1.78%	1.82%	2.00%	2.02%	2.16%	1.86%	1.98%	2.19%	2.57%	1.96%	2.14%	6.37%
MGV Vanguard Mega Cap Value ETF	2.06%	2.04%	2.31%	2.48%	2.45%	2.17%	2.47%	2.69%	2.65%	2.34%	2.53%	2.59%

Drawdowns

VLU vs. MGV - Drawdown Comparison

The maximum VLU drawdown since its inception was -37.39%, smaller than the maximum MGV drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for VLU and MGV.

Drawdown Indicators

	VLU	MGV	Difference
Max Drawdown Largest peak-to-trough decline	-37.39%	-55.87%	+18.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.40%	-10.91%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	-19.55%	-16.54%	-3.01%
Max Drawdown (10Y) Largest decline over 10 years	-37.39%	-35.41%	-1.98%
Current Drawdown Current decline from peak	-4.43%	-4.89%	+0.46%
Average Drawdown Average peak-to-trough decline	-3.78%	-7.76%	+3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.50%	+0.10%

Volatility

VLU vs. MGV - Volatility Comparison

SPDR S&P 1500 Value Tilt ETF (VLU) has a higher volatility of 4.31% compared to Vanguard Mega Cap Value ETF (MGV) at 3.65%. This indicates that VLU'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

	VLU	MGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	3.65%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	7.48%	+1.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	14.64%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	13.56%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.09%	16.34%	+1.75%