MGV — Vanguard Mega Cap Value Index Fund

MGV Price Performance — Growth of $10,000

Value of a $10,000 investment in MGV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MGV Drawdown

The "underwater" chart: MGV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Mega Cap Value Index Fund, trading under the ticker MGV, operates within the US Large Cap Value category where ETFValuer tracks a total of 12 funds. Issued by Vanguard, this fund has accumulated assets under management of $13.3 billion and currently trades at a price of $165.42. It holds an overall rank of #3 among 458 tracked ETFs across all categories and has received an ETFValuer grade of A with a score of 85.0 out of 100. The fund offers a low expense ratio of 0.05% while providing a dividend yield of 1.86%. The substantial asset base and high ranking suggest significant investor adoption relative to the broader universe of available options. This combination of low cost, strong income generation, and top-tier ranking positions the fund as a prominent vehicle within its specific investment style.

Over the most recent trading day, the fund posted a return of +0.45%, followed by a weekly gain of +2.72% and a monthly increase of +0.69%. The three-month performance accelerated significantly to +10.71%, while the six-month return extended further to +14.25%. Year-to-date gains have reached +17.29%, indicating a sustained upward trajectory over the current calendar year. The one-year return stands at +27.03%, and the three-year return has accumulated to +65.24%. This progression demonstrates a pattern of consistent growth that has strengthened over longer holding periods compared to the shorter-term fluctuations. The data shows a clear divergence where longer-term horizons have captured substantially higher returns than the immediate daily or weekly movements.

The fund carries a volatility label of Low and exhibits a beta of 0.66, suggesting it moves less than the broader market. A Sharpe ratio of 2.16 indicates that the returns generated have been efficient relative to the amount of risk taken. The maximum drawdown recorded for the fund is -13.18%, reflecting the largest peak-to-trough decline experienced. This combination of low volatility, a beta below one, and a high Sharpe ratio implies the fund has provided steady returns with limited downside exposure. The modest maximum drawdown further supports the profile of a defensive asset that has managed to limit losses during market corrections. Together, these metrics describe a fund that has delivered strong performance while maintaining a conservative risk profile.

AI-generated summary based on the data on this page.

MGV Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 26.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MGV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MGV

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MGV's top 10 — VTV overlaps most, holding 8 of the same companies as MGV's top 10 (22.6% of MGV's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MGV Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.34% and average daily volume is 243K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $13.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MGV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MGV Performance History

How MGV Compares to Other US Large Cap Value ETFs