MGV vs VOO
MGV vs VOO
Vanguard Mega Cap Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MGV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MGV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $13.2B | $979.0B | |
| Dividend Yield | 2.26% | 1.09% | |
| Holdings | 123 | 509 | |
| YTD Return | +17.89% | +13.53% | |
| 1Y Return | +30.07% | +23.65% | |
| 3Y Return (annualized) | +18.60% | +21.27% | |
| 5Y Return (annualized) | +13.23% | +13.52% | |
| Volatility (annualized) | 15.3% | 14.1% | |
| Max Drawdown | -57.5% | -34.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2007 | Sep 7, 2010 |
MGV vs VOO Performance
Vanguard Mega Cap Value ETF (MGV) is a ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MGV returned +30.07% while VOO returned +23.65%. Year to date, MGV is up 17.89% versus a gain of 13.53% for VOO.
Over three years, MGV compounded at +18.60% per year against +21.27% for VOO; over five years the annualized figures are +13.23% and +13.52% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs +7.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGV has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MGV charges 0.05% per year while VOO charges 0.03%. On a $10,000 position that is $5 vs $3 annually, a gap of $2 per year that compounds over a long holding period. On income, MGV currently yields 2.26% against 1.09% for VOO.
Holdings Overlap
MGV and VOO share 118 holdings out of 510 unique holdings combined, representing a 34.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MGV | Weight in VOO | Difference |
|---|---|---|---|
| MU | 6.14% | 2.02% | 4.12% |
| JPM | 3.86% | 1.26% | 2.60% |
| BRK.B | 3.32% | 1.42% | 1.90% |
| JNJ | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| COST | Pro | Pro | Pro |
See all 10 holdings MGV shares with VOO 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 VOO?
MGV has an expense ratio of 0.05% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, MGV or VOO?
Over the past year MGV returned +30.07% vs +23.65% for VOO, so MGV leads on 1-year performance. Over the longest common window we track (16 years), MGV annualized +7.34% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, MGV or VOO?
MGV has been the more volatile fund at 15.3% annualized versus 14.1% for VOO. Worst drawdown: MGV -57.5% vs VOO -34.3%.
Should I hold both MGV and VOO?
MGV and VOO have a monthly-return correlation of 0.91, 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 MGV and VOO?
MGV and VOO share 118 common holdings with a 34.6% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, MGV or VOO?
MGV yields 2.26% while VOO yields 1.09%, so MGV currently pays the higher dividend yield.
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