MGK vs SCHG
MGK vs SCHG
Vanguard Mega Cap Growth ETF vs Schwab US Large-Cap Growth ETF
Quick Verdict
SCHG has a lower expense ratio. MGK delivered stronger 1-year returns. SCHG offers more diversification with 194 holdings.
Side-by-Side Comparison
| Metric | MGK | SCHG | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.04% | |
| AUM | $33.1B | $58.8B | |
| Dividend Yield | 0.44% | 0.39% | |
| Holdings | 61 | 196 | |
| YTD Return | +9.82% | +9.32% | |
| 1Y Return | +20.19% | +19.22% | |
| 3Y Return (annualized) | +24.46% | +23.80% | |
| 5Y Return (annualized) | +13.74% | +13.70% | |
| Volatility (annualized) | 17.7% | 16.7% | |
| Max Drawdown | -48.9% | -34.6% | |
| Fund Family | Vanguard (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2007 | Dec 11, 2009 |
MGK vs SCHG Performance
Vanguard Mega Cap Growth ETF (MGK) is a ETF from Vanguard (US) and Schwab US Large-Cap Growth ETF (SCHG) is a ETF from Charles Schwab Asset Management. Over the past year MGK returned +20.19% while SCHG returned +19.22%. Year to date, MGK is up 9.82% versus a gain of 9.32% for SCHG.
Over three years, MGK compounded at +24.46% per year against +23.80% for SCHG; over five years the annualized figures are +13.74% and +13.70% respectively. Across the full 17-year window we track, SCHG has the edge at +15.79% annualized vs +12.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGK has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 16.7% for SCHG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -48.9% for MGK and -34.6% for SCHG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MGK charges 0.05% per year while SCHG charges 0.04%. On a $10,000 position that is $5 vs $4 annually, a gap of $1 per year that compounds over a long holding period. On income, MGK currently yields 0.44% against 0.39% for SCHG.
Holdings Overlap
MGK and SCHG share 36 holdings out of 213 unique holdings combined, representing a 67.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in MGK | Weight in SCHG | Difference |
|---|---|---|---|
| NVDA | 13.23% | 10.65% | 2.58% |
| AAPL | 12.13% | 10.40% | 1.73% |
| MSFT | 7.48% | 6.03% | 1.45% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings MGK shares with SCHG Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, MGK or SCHG?
MGK has an expense ratio of 0.05% while SCHG charges 0.04%. SCHG is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, MGK or SCHG?
Over the past year MGK returned +20.19% vs +19.22% for SCHG, so MGK leads on 1-year performance. Over the longest common window we track (17 years), MGK annualized +12.63% vs +15.79% for SCHG. Past performance does not guarantee future results.
Which is riskier, MGK or SCHG?
MGK has been the more volatile fund at 17.7% annualized versus 16.7% for SCHG. Worst drawdown: MGK -48.9% vs SCHG -34.6%.
Should I hold both MGK and SCHG?
MGK and SCHG have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MGK and SCHG?
MGK and SCHG share 36 common holdings with a 67.0% weight overlap. Combined, they hold 213 unique securities.
Which pays a higher dividend, MGK or SCHG?
MGK yields 0.44% while SCHG yields 0.39%, so MGK currently pays the higher dividend yield.
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