MGV vs QQQ
Vanguard Morningstar Mega Cap Value ETF vs Invesco QQQ Trust, Series 1
Which is better, MGV or QQQ?
Large Cap Value against Large Cap Growth.
MGV has a lower expense ratio. MGV led over 1Y, QQQ over 3Y, 5Y and the full window. MGV is less concentrated, with 28.5% of the fund in its ten largest positions against 46.5%.
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 | MGV | QQQ |
|---|---|---|
| Expense Ratio | 0.05%Best | 0.18% |
| AUM | $13.4B | $483.5B |
| Dividend Yield | 1.82% | 0.44% |
| Holdings | 125 | 107 |
| YTD Return | +16.22%Best | +15.21% |
| 1Y Return | +22.79%Best | +19.78% |
| 3Y Return (annualized) | +18.49% | +24.58%Best |
| 5Y Return (annualized) | +12.93% | +13.93%Best |
| Volatility (annualized) | 15.3%Best | 19.0% |
| Max Drawdown | -57.5% | -51.3%Best |
| $10,000 over 5 years | $18,367 | $19,195Best |
| Top 10 Weight | 28.5%Best | 46.5% |
| Fund Family | Vanguard (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Dec 17, 2007 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Dec 21, 2007 to Sep 16, 2026 (18.7 years).
MGV vs QQQ 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 18.7 years both funds cover.
MGV vs QQQ Performance
Vanguard Morningstar Mega Cap Value ETF (MGV) is an ETF from Vanguard (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MGV returned +22.79% while QQQ returned +19.78%. Year to date, MGV is up 16.22% versus a gain of 15.21% for QQQ.
Over three years, MGV compounded at +18.49% per year against +24.58% for QQQ; over five years the annualized figures are +12.93% and +13.93% respectively. Across the full 19-year window we track, QQQ has the edge at +15.14% annualized vs +7.21%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 19.0% 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 -51.3% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.82% against 0.44% for QQQ.
Holdings Overlap
23.3% of MGV's money is in holdings QQQ also owns. 26.2% of QQQ's money is in holdings MGV also owns.
QQQ and MGV share little of their money.
25 positions in common, counted across the 122 positions we hold weights for in MGV and 102 in QQQ, against full books of 125 and 107.
What only one of them owns
Our book lists 71 positions for QQQ that do not appear in our book for MGV (71.4% of the fund), and 96 for MGV that do not appear in QQQ (76.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MGV | Weight in QQQ | Difference |
|---|---|---|---|
| MUMicron Technology, Inc. | 4.40% | 4.43% | 0.03% |
| WMTWalmart, Inc. | 2.31% | 2.41% | 0.10% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.95% | 2.10% | 0.15% |
| COSTCostco Wholesale Corp. | 2.00% | 1.84% | 0.16% |
| INTCIntel Corporation | 0.86% | 2.23% | 1.37% |
| AMATApplied Materials, Inc. | 0.95% | 1.86% | 0.91% |
| TXNTexas Instrument Inc | 1.19% | 1.12% | 0.07% |
| LINLinde Plc Ordinary Shares | 1.05% | 1.00% | 0.05% |
| AMGNAmgen Inc. | 0.98% | 0.97% | 0.01% |
| PEPPepsico Inc. | 0.90% | 0.83% | 0.07% |
26.2% of QQQ is already inside MGV.
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, MGV or QQQ?
MGV has an expense ratio of 0.05% while QQQ charges 0.18%. MGV is the cheaper option, by $13 a year on a $10,000 investment.
Which performed better, MGV or QQQ?
Over the past year MGV returned +22.79% vs +19.78% for QQQ, so MGV leads on 1-year performance. Over the longest common window we track (19 years), MGV annualized +7.21% vs +15.14% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGV or QQQ?
QQQ has been the more volatile fund at 19.0% annualized versus 15.3% for MGV. Worst drawdown: MGV -57.5% vs QQQ -51.3%.
Should I hold both MGV and QQQ?
MGV and QQQ have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MGV and QQQ?
26.2% of QQQ's money is in holdings MGV also owns. 26.2% of QQQ's is in holdings MGV also owns. They hold 25 positions in common, counted across the 122 positions we hold weights for in MGV and 102 in QQQ.
Which pays a higher dividend, MGV or QQQ?
MGV yields 1.82% while QQQ yields 0.44%, so MGV currently pays the higher dividend yield.
Is QQQ better than MGV?
MGV has a lower expense ratio. MGV led over 1Y, QQQ over 3Y, 5Y and the full window. MGV is less concentrated, with 28.5% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.