MEGI vs VOO
NYLI CBRE Global Infrastructure Megatrends Term Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MEGI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.87% | 0.03% | |
| AUM | $842M | $979.0B | |
| Dividend Yield | 9.10% | 1.09% | |
| Holdings | 64 | 509 | |
| YTD Return | +14.25% | +13.72% | |
| 1Y Return | +16.66% | +21.63% | |
| 3Y Return (annualized) | +15.49% | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 22.9% | 14.1% | |
| Max Drawdown | -39.5% | -34.3% | |
| Fund Family | New York Life Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 27, 2021 | Sep 7, 2010 |
MEGI vs VOO Performance
NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is a ETF from New York Life Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MEGI returned +16.66% while VOO returned +21.63%. Year to date, MEGI is up 14.25% versus a gain of 13.72% for VOO.
Over three years, MEGI compounded at +15.49% per year against +21.55% for VOO. Across the full 5-year window we track, VOO has the edge at +13.56% annualized vs +3.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEGI has been the more volatile fund, with annualized monthly volatility of 22.9% 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 -39.5% for MEGI 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MEGI charges 1.87% per year while VOO charges 0.03%. On a $10,000 position that is $187 vs $3 annually, a gap of $184 per year that compounds over a long holding period. On income, MEGI currently yields 9.10% against 1.09% for VOO.
Holdings Overlap
MEGI and VOO share 16 holdings out of 550 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MEGI or VOO?
MEGI has an expense ratio of 1.87% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $184 per year of difference.
Which performed better, MEGI or VOO?
Over the past year MEGI returned +16.66% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), MEGI annualized +3.68% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, MEGI or VOO?
MEGI has been the more volatile fund at 22.9% annualized versus 14.1% for VOO. Worst drawdown: MEGI -39.5% vs VOO -34.3%.
Should I hold both MEGI and VOO?
MEGI and VOO have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MEGI and VOO?
MEGI and VOO share 16 common holdings with a 1.3% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, MEGI or VOO?
MEGI yields 9.10% while VOO yields 1.09%, so MEGI currently pays the higher dividend yield.
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