VONG vs. MGK
Compare and contrast key facts about Vanguard Russell 1000 Growth ETF (VONG) and Vanguard Mega Cap Growth ETF (MGK).
VONG and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. 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. Both VONG and MGK 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: VONG or MGK.
Key characteristics
| VONG | MGK | |
|---|---|---|
| YTD Return | 6.62% | 5.52% |
| 1Y Return | 31.77% | 32.33% |
| 3Y Return (Ann) | 8.40% | 7.83% |
| 5Y Return (Ann) | 16.64% | 17.07% |
| 10Y Return (Ann) | 15.40% | 15.29% |
| Sharpe Ratio | 2.11 | 2.00 |
| Daily Std Dev | 15.07% | 16.04% |
| Max Drawdown | -32.72% | -48.36% |
| Current Drawdown | -4.79% | -5.39% |
Correlation
The correlation between VONG and MGK is 0.98, 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
VONG vs. MGK - Performance Comparison
In the year-to-date period, VONG achieves a 6.62% return, which is significantly higher than MGK's 5.52% return. Both investments have delivered pretty close results over the past 10 years, with VONG having a 15.40% annualized return and MGK not far behind at 15.29%. 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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VONG vs. MGK - Expense Ratio Comparison
VONG has a 0.08% expense ratio, which is higher than MGK'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%.
Risk-Adjusted Performance
VONG vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Growth ETF (VONG) 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
VONG vs. MGK - Dividend Comparison
VONG's dividend yield for the trailing twelve months is around 0.70%, more than MGK's 0.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VONG Vanguard Russell 1000 Growth ETF | 0.70% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
MGK Vanguard Mega Cap Growth ETF | 0.48% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
VONG vs. MGK - Drawdown Comparison
The maximum VONG drawdown since its inception was -32.72%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for VONG and MGK. For additional features, visit the drawdowns tool.
Volatility
VONG vs. MGK - Volatility Comparison
The current volatility for Vanguard Russell 1000 Growth ETF (VONG) is 5.25%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.64%. This indicates that VONG experiences smaller price fluctuations and is considered to be less risky than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.