XLG vs. MGK
Compare and contrast key facts about Invesco S&P 500® Top 50 ETF (XLG) and Vanguard Mega Cap Growth ETF (MGK).
XLG and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. 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 XLG 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: XLG or MGK.
Performance
XLG vs. MGK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with XLG having a 29.52% return and MGK slightly lower at 28.82%. Over the past 10 years, XLG has underperformed MGK with an annualized return of 14.82%, while MGK has yielded a comparatively higher 16.29% annualized return.
XLG
29.52%
0.96%
13.06%
34.65%
18.05%
14.82%
MGK
28.82%
1.67%
14.70%
35.19%
19.71%
16.29%
Key characteristics
| XLG | MGK | |
|---|---|---|
| Sharpe Ratio | 2.38 | 2.02 |
| Sortino Ratio | 3.13 | 2.65 |
| Omega Ratio | 1.44 | 1.37 |
| Calmar Ratio | 3.10 | 2.58 |
| Martin Ratio | 12.88 | 9.79 |
| Ulcer Index | 2.72% | 3.57% |
| Daily Std Dev | 14.75% | 17.35% |
| Max Drawdown | -52.39% | -48.36% |
| Current Drawdown | -2.53% | -2.15% |
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XLG vs. MGK - Expense Ratio Comparison
XLG has a 0.20% 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%.
Correlation
The correlation between XLG 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.
Risk-Adjusted Performance
XLG vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Top 50 ETF (XLG) 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
XLG vs. MGK - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.74%, more than MGK's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500® Top 50 ETF | 0.74% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
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
XLG vs. MGK - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, which is greater than MGK's maximum drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for XLG and MGK. For additional features, visit the drawdowns tool.
Volatility
XLG vs. MGK - Volatility Comparison
The current volatility for Invesco S&P 500® Top 50 ETF (XLG) is 4.92%, while Vanguard Mega Cap Growth ETF (MGK) has a volatility of 5.64%. This indicates that XLG 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.