XOUT vs. MGK
Compare and contrast key facts about GraniteShares XOUT U.S. Large Cap ETF (XOUT) and Vanguard Mega Cap Growth ETF (MGK).
XOUT and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XOUT is a passively managed fund by GraniteShares that tracks the performance of the XOUT U.S. Large Cap Index. It was launched on Oct 7, 2019. 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 XOUT 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: XOUT or MGK.
Key characteristics
| XOUT | MGK | |
|---|---|---|
| YTD Return | 8.00% | 10.84% |
| 1Y Return | 35.05% | 37.07% |
| 3Y Return (Ann) | 9.49% | 10.89% |
| Sharpe Ratio | 2.09 | 2.33 |
| Daily Std Dev | 16.87% | 16.02% |
| Max Drawdown | -31.29% | -48.36% |
| Current Drawdown | -2.36% | -0.63% |
Correlation
The correlation between XOUT 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.
Performance
XOUT vs. MGK - Performance Comparison
In the year-to-date period, XOUT achieves a 8.00% return, which is significantly lower than MGK's 10.84% return. 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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XOUT vs. MGK - Expense Ratio Comparison
XOUT has a 0.60% expense ratio, which is higher than MGK's 0.07% expense ratio.
Risk-Adjusted Performance
XOUT vs. MGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares XOUT U.S. Large Cap ETF (XOUT) 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
XOUT vs. MGK - Dividend Comparison
XOUT's dividend yield for the trailing twelve months is around 0.24%, less than MGK's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XOUT GraniteShares XOUT U.S. Large Cap ETF | 0.24% | 0.40% | 0.51% | 0.28% | 0.53% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MGK Vanguard Mega Cap Growth ETF | 0.46% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
XOUT vs. MGK - Drawdown Comparison
The maximum XOUT drawdown since its inception was -31.29%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for XOUT and MGK. For additional features, visit the drawdowns tool.
Volatility
XOUT vs. MGK - Volatility Comparison
GraniteShares XOUT U.S. Large Cap ETF (XOUT) and Vanguard Mega Cap Growth ETF (MGK) have volatilities of 5.01% and 5.19%, 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.