VMGAX vs. MGK
Compare and contrast key facts about Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard Mega Cap Growth ETF (MGK).
VMGAX is managed by Vanguard. It was launched on Apr 3, 2008. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMGAX or MGK.
Key characteristics
| VMGAX | MGK | |
|---|---|---|
| YTD Return | 31.65% | 31.65% |
| 1Y Return | 41.03% | 41.08% |
| 3Y Return (Ann) | 10.30% | 10.31% |
| 5Y Return (Ann) | 20.47% | 20.48% |
| 10Y Return (Ann) | 16.61% | 16.60% |
| Sharpe Ratio | 2.37 | 2.38 |
| Sortino Ratio | 3.07 | 3.07 |
| Omega Ratio | 1.43 | 1.43 |
| Calmar Ratio | 3.01 | 3.03 |
| Martin Ratio | 11.49 | 11.53 |
| Ulcer Index | 3.56% | 3.56% |
| Daily Std Dev | 17.25% | 17.25% |
| Max Drawdown | -48.61% | -48.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMGAX 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.
Performance
VMGAX vs. MGK - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with VMGAX at 31.65% and MGK at 31.65%. Both investments have delivered pretty close results over the past 10 years, with VMGAX having a 16.61% annualized return and MGK not far behind at 16.60%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMGAX vs. MGK - Expense Ratio Comparison
VMGAX has a 0.06% expense ratio, which is lower than MGK's 0.07% 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%.
Risk-Adjusted Performance
VMGAX vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) 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.
Dividends
VMGAX vs. MGK - Dividend Comparison
VMGAX's dividend yield for the trailing twelve months is around 0.42%, which matches MGK's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMGAX Vanguard Mega Cap Growth Index Fund Institutional Shares | 0.42% | 0.51% | 0.71% | 0.42% | 0.65% | 0.86% | 1.13% | 1.23% | 1.53% | 1.44% | 1.25% | 1.31% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
VMGAX vs. MGK - Drawdown Comparison
The maximum VMGAX drawdown since its inception was -48.61%, roughly equal to the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for VMGAX and MGK. For additional features, visit the drawdowns tool.
Volatility
VMGAX vs. MGK - Volatility Comparison
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and Vanguard Mega Cap Growth ETF (MGK) have volatilities of 5.13% and 5.21%, 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.