MGV vs VOO
Vanguard Morningstar Mega Cap Value ETF vs Vanguard S&P 500 ETF
Which is better, MGV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. MGV led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. MGV is less concentrated, with 28.5% of the fund in its ten largest positions against 37.6%.
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 | VOO |
|---|---|---|
| Expense Ratio | 0.05% | 0.03%Best |
| AUM | $13.4B | $997.4B |
| Dividend Yield | 1.82% | 1.04% |
| Holdings | 125 | 509 |
| YTD Return | +16.17%Best | +13.21% |
| 1Y Return | +21.68%Best | +17.37% |
| 3Y Return (annualized) | +19.18% | +22.66%Best |
| 5Y Return (annualized) | +12.95% | +13.14%Best |
| Volatility (annualized) | 13.4%Best | 14.1% |
| Max Drawdown | -35.4% | -34.3%Best |
| $10,000 over 5 years | $18,384 | $18,539Best |
| Top 10 Weight | 28.5%Best | 37.6% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Dec 17, 2007 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 24, 2026 (16 years).
MGV vs VOO 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 years both funds cover.
MGV vs VOO Performance
Vanguard Morningstar Mega Cap Value ETF (MGV) is an ETF from Vanguard (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year MGV returned +21.68% while VOO returned +17.37%. Year to date, MGV is up 16.17% versus a gain of 13.21% for VOO.
Over three years, MGV compounded at +19.18% per year against +22.66% for VOO; over five years the annualized figures are +12.95% and +13.14% respectively. Across the full 16-year window we track, VOO has the edge at +13.42% annualized vs +10.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.4% 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 -35.4% for MGV and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.82% against 1.04% for VOO.
Holdings Overlap
98.5% of MGV's money is in holdings VOO also owns. 34.5% of VOO's money is in holdings MGV also owns.
Most of MGV is already inside VOO. Owning both mostly buys the same companies twice.
119 positions in common, counted across the 122 positions we hold weights for in MGV and 494 in VOO, against full books of 125 and 509.
What only one of them owns
Our book lists 368 positions for VOO that do not appear in our book for MGV (64.7% of the fund), and 2 for MGV that do not appear in VOO (1.2%).
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 VOO | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.46% | 1.46% | 3.00% |
| MUMicron Technology, Inc. | 4.40% | 1.44% | 2.96% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.42% | 1.46% | 1.96% |
| XOMExxon Mobil Corp. | 3.05% | 1.00% | 2.05% |
| JNJJohnson & Johnson - Common | 2.92% | 0.96% | 1.96% |
| WMTWalmart, Inc. | 2.31% | 0.76% | 1.55% |
| ABBVAbbvie Inc. | 2.10% | 0.69% | 1.41% |
| COSTCostco Wholesale Corp. | 2.00% | 0.66% | 1.34% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.95% | 0.71% | 1.24% |
| BACBank of America Corp.: Financials | 1.87% | 0.63% | 1.24% |
98.5% of MGV is already inside VOO.
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 VOO?
MGV has an expense ratio of 0.05% while VOO charges 0.03%. VOO is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, MGV or VOO?
Over the past year MGV returned +21.68% vs +17.37% for VOO, so MGV leads on 1-year performance. Over the longest common window we track (16 years), MGV annualized +10.99% vs +13.42% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.4% for MGV. Worst drawdown: MGV -35.4% 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. 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 MGV and VOO?
98.5% of MGV's money is in holdings VOO also owns. 34.5% of VOO's is in holdings MGV also owns. They hold 119 positions in common, counted across the 122 positions we hold weights for in MGV and 494 in VOO.
Which pays a higher dividend, MGV or VOO?
MGV yields 1.82% while VOO yields 1.04%, so MGV currently pays the higher dividend yield.
Is VOO better than MGV?
VOO has a lower expense ratio. MGV led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. MGV is less concentrated, with 28.5% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.