MGK vs SCHG
Vanguard Morningstar Mega Cap Growth ETF vs Schwab US Large-Cap Growth ETF
Which is better, MGK or SCHG?
Nearly the same fund. SCHG costs less.
SCHG has a lower expense ratio. MGK led over 1Y, 3Y and 5Y, SCHG over the full window. The two have moved almost in lockstep, correlation 0.99. SCHG is less concentrated, with 51.0% of the fund in its ten largest positions against 67.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MGK | SCHG |
|---|---|---|
| Expense Ratio | 0.05% | 0.04%Best |
| AUM | $32.4B | $62.4B |
| Dividend Yield | 0.33% | 0.37% |
| Holdings | 55 | 196 |
| YTD Return | +8.66%Best | +7.78% |
| 1Y Return | +12.40%Best | +10.78% |
| 3Y Return (annualized) | +24.03%Best | +23.39% |
| 5Y Return (annualized) | +12.99%Best | +12.89% |
| Volatility (annualized) | 16.9% | 16.7%Best |
| Max Drawdown | -36.0% | -34.6%Best |
| $10,000 over 5 years | $18,416Best | $18,335 |
| Top 10 Weight | 67.1% | 51.0%Best |
| Fund Family | Vanguard (US) | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 17, 2007 | Dec 11, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Dec 11, 2009 to Sep 16, 2026 (16.8 years).
MGK vs SCHG growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.8 years both funds cover.
MGK vs SCHG Performance
Vanguard Morningstar Mega Cap Growth ETF (MGK) is an ETF from Vanguard (US) and Schwab US Large-Cap Growth ETF (SCHG) is an ETF from Charles Schwab Asset Management. Over the past year MGK returned +12.40% while SCHG returned +10.78%. Year to date, MGK is up 8.66% versus a gain of 7.78% for SCHG.
Over three years, MGK compounded at +24.03% per year against +23.39% for SCHG; over five years the annualized figures are +12.99% and +12.89% respectively. Across the full 17-year window we track, SCHG has the edge at +15.57% annualized vs +15.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGK has been the more volatile fund, with annualized monthly volatility of 16.9% 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 -36.0% for MGK and -34.6% for SCHG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.33% against 0.37% for SCHG.
Holdings Overlap
87.8% of MGK's money is in holdings SCHG also owns. 72.0% of SCHG's money is in holdings MGK also owns.
Most of MGK is already inside SCHG. Owning both mostly buys the same companies twice.
37 positions in common, counted across the 57 positions we hold weights for in MGK and 193 in SCHG, against full books of 55 and 196.
What only one of them owns
Measured across the 57 and 193 positions we hold weights for.
SCHG holds 150 positions MGK does not, 27.3% of the fund.
Largest: COST 1.61%, UNH 1.36%, GE 1.35%, TMO 0.88%, LIN 0.87%
Top Shared Holdings
| Stock | Weight in MGK | Weight in SCHG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 13.54% | 10.67% | 2.87% |
| AAPLApple, Inc | 13.21% | 9.29% | 3.92% |
| MSFTMicrosoft Corp | 9.51% | 7.52% | 1.99% |
| AMZNAmazon.Com Inc | 5.17% | 5.07% | 0.10% |
| GOOGLAlphabet Inc,class A | 6.00% | 3.97% | 2.03% |
| AVGOBroadcom Inc | 4.48% | 3.50% | 0.98% |
| GOOGAlphabet Inc | 4.79% | 3.16% | 1.63% |
| METAMeta Platforms Inc | 4.10% | 2.51% | 1.59% |
| LLYEli Lilly & Co. | 3.31% | 2.93% | 0.38% |
| TSLATesla Inc | 2.95% | 2.37% | 0.58% |
87.8% of MGK is already inside SCHG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $1 a year on a $10,000 investment.
Which performed better, MGK or SCHG?
Over the past year MGK returned +12.40% vs +10.78% for SCHG, so MGK leads on 1-year performance. Over the longest common window we track (17 years), MGK annualized +15.43% vs +15.57% for SCHG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGK or SCHG?
MGK has been the more volatile fund at 16.9% annualized versus 16.7% for SCHG. Worst drawdown: MGK -36.0% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MGK and SCHG?
87.8% of MGK's money is in holdings SCHG also owns. 72.0% of SCHG's is in holdings MGK also owns. They hold 37 positions in common, counted across the 57 positions we hold weights for in MGK and 193 in SCHG.
Which pays a higher dividend, MGK or SCHG?
MGK yields 0.33% while SCHG yields 0.37%, so SCHG currently pays the higher dividend yield.
Is SCHG better than MGK?
SCHG has a lower expense ratio. MGK led over 1Y, 3Y and 5Y, SCHG over the full window. The two have moved almost in lockstep, correlation 0.99. SCHG is less concentrated, with 51.0% of the fund in its ten largest positions against 67.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.