MGV vs VTI
Vanguard Morningstar Mega Cap Value ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. MGV delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | MGV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.05% | 0.03% | |
| AUM | $13.3B | $666.9B | |
| Dividend Yield | 1.86% | 1.07% | |
| Holdings | 125 | 3,543 | |
| YTD Return | +18.04% | +12.23% | |
| 1Y Return | +26.22% | +20.11% | |
| 3Y Return (annualized) | +19.52% | +20.52% | |
| 5Y Return (annualized) | +12.88% | +11.49% | |
| Volatility (annualized) | 15.3% | 15.3% | |
| Max Drawdown | -57.5% | -56.6% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 17, 2007 | May 24, 2001 |
MGV vs VTI Performance
Vanguard Morningstar Mega Cap Value ETF (MGV) is a ETF from Vanguard (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year MGV returned +26.22% while VTI returned +20.11%. Year to date, MGV is up 18.04% versus a gain of 12.23% for VTI.
Over three years, MGV compounded at +19.52% per year against +20.52% for VTI; over five years the annualized figures are +12.88% and +11.49% respectively. Across the full 19-year window we track, VTI has the edge at +8.04% annualized vs +7.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. 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 0.93. 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 VTI 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 1.86% against 1.07% for VTI.
Holdings Overlap
MGV and VTI share 120 holdings out of 2790 unique holdings combined, representing a 30.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MGV or VTI?
MGV has an expense ratio of 0.05% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, MGV or VTI?
Over the past year MGV returned +26.22% vs +20.11% for VTI, so MGV leads on 1-year performance. Over the longest common window we track (19 years), MGV annualized +7.32% vs +8.04% for VTI. Past performance does not guarantee future results.
Which is riskier, MGV or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 15.3% for MGV. Worst drawdown: MGV -57.5% vs VTI -56.6%.
Should I hold both MGV and VTI?
MGV and VTI have a monthly-return correlation of 0.93, 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 VTI?
MGV and VTI share 120 common holdings with a 30.7% weight overlap. Combined, they hold 2790 unique securities.
Which pays a higher dividend, MGV or VTI?
MGV yields 1.86% while VTI yields 1.07%, so MGV currently pays the higher dividend yield.
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