ARKK vs MGC
ARK Innovation ETF vs Vanguard Mega Cap Index Fund
Last updated: 2026-04-02
ARK Innovation ETF (ARKK) is an exchange-traded fund issued by ARK that provides exposure to thematic - innovation securities. It charges a high expense ratio of 0.75%. Launched in 2014, the fund has a 12-year track record.
Vanguard Mega Cap Index Fund (MGC) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.05%. The fund offers a moderate dividend yield of 1.02%. Launched in 2007, the fund has a 19-year track record.
Quick Verdict
MGC is significantly cheaper at 0.05% vs 0.75% expense ratio, saving you approximately $1,354 per $10,000 invested over 10 years. Over the past year, ARKK has significantly outperformed with a 38.6% return vs 16.9%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
ARKK Top Holdings
| Name | Weight |
|---|---|
| Tesla Inc | 1088.03% |
| CRISPR Therapeutics AG | 548.07% |
| Roku Inc | 500.14% |
| Tempus AI Inc | 487.20% |
| Coinbase Global Inc | 462.29% |
| Shopify Inc | 424.50% |
| Robinhood Markets Inc | 399.82% |
| Advanced Micro Devices Inc | 397.53% |
| Teradyne Inc | 357.06% |
| Beam Therapeutics Inc | 353.11% |
Which One Should You Choose?
Choose MGC if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose ARKK if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.