MGV vs QQQ
MGV vs QQQ
Vanguard Mega Cap Value ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
MGV has a lower expense ratio. MGV delivered stronger 1-year returns. MGV offers more diversification with 123 holdings.
Side-by-Side Comparison
| Metric | MGV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.18% | |
| AUM | $13.2B | $455.8B | |
| Dividend Yield | 2.26% | 0.41% | |
| Holdings | 123 | 108 | |
| YTD Return | +18.26% | +18.20% | |
| 1Y Return | +30.62% | +27.63% | |
| 3Y Return (annualized) | +18.86% | +25.54% | |
| 5Y Return (annualized) | +13.10% | +15.12% | |
| Volatility (annualized) | 15.3% | 30.6% | |
| Max Drawdown | -57.5% | -83.0% | |
| Fund Family | Vanguard (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2007 | Mar 10, 1999 |
MGV vs QQQ Performance
Vanguard Mega Cap Value ETF (MGV) is a ETF from Vanguard (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MGV returned +30.62% while QQQ returned +27.63%. Year to date, MGV is up 18.26% versus a gain of 18.20% for QQQ.
Over three years, MGV compounded at +18.86% per year against +25.54% for QQQ; over five years the annualized figures are +13.10% and +15.12% respectively. Across the full 19-year window we track, QQQ has the edge at +13.11% annualized vs +7.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 15.3% for MGV. 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 -57.5% for MGV and -83.0% for QQQ. 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
MGV charges 0.05% per year while QQQ charges 0.18%. On a $10,000 position that is $5 vs $18 annually, a gap of $13 per year that compounds over a long holding period. On income, MGV currently yields 2.26% against 0.41% for QQQ.
Holdings Overlap
MGV and QQQ share 25 holdings out of 201 unique holdings combined, representing a 23.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MGV | Weight in QQQ | Difference |
|---|---|---|---|
| MU | 6.14% | 4.67% | 1.47% |
| WMT | 2.34% | 2.47% | 0.13% |
| CSCO | 1.97% | 2.08% | 0.11% |
| COST | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| TXN | Pro | Pro | Pro |
| LIN:IE | Pro | Pro | Pro |
| AMGN | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
See all 10 holdings MGV shares with QQQ 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, MGV or QQQ?
MGV has an expense ratio of 0.05% while QQQ charges 0.18%. MGV is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, MGV or QQQ?
Over the past year MGV returned +30.62% vs +27.63% for QQQ, so MGV leads on 1-year performance. Over the longest common window we track (19 years), MGV annualized +7.36% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, MGV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 15.3% for MGV. Worst drawdown: MGV -57.5% vs QQQ -83.0%.
Should I hold both MGV and QQQ?
MGV and QQQ have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MGV and QQQ?
MGV and QQQ share 25 common holdings with a 23.8% weight overlap. Combined, they hold 201 unique securities.
Which pays a higher dividend, MGV or QQQ?
MGV yields 2.26% while QQQ yields 0.41%, so MGV currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.