ETF Versus

MGC vs SCHG

Vanguard Mega Cap Index Fund vs Schwab U.S. Large-Cap Growth ETF

Last updated: 2026-04-02

MGC

Vanguard Mega Cap Index Fund (MGC) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 2007, the fund has a 19-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2007-12-27

Schwab U.S. Large-Cap Growth ETF (SCHG) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. Launched in 2010, the fund has a 16-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2010-01-04

Quick Verdict

MGC has edged ahead over the past year (17.1% vs 15.5%).

Key Metrics

Metric MGC SCHG
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Large Cap Blend US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

80 104 128 152 176 200 2021-04 2022-06 2023-09 2024-12 2026-04
MGC +65.6%
SCHG +75.0%

Performance Comparison

Period MGC SCHG Difference
1 Month -3.61% -4.01% +0.40%
3 Months -5.14% -9.51% +4.37%
6 Months -3.23% -9.06% +5.83%
YTD -5.14% -9.51% +4.37%
1 Year +17.08% +15.51% +1.57%
3 Years +65.68% +80.24% -14.56%
5 Years +65.63% +74.98% -9.35%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period MGC Fees SCHG Fees You Save
$10,000 10 years $0 $0 $0
$10,000 20 years $0 $0 $0
$10,000 30 years $0 $0 $0
$50,000 10 years $0 $0 $0
$50,000 30 years $0 $0 $0
$100,000 30 years $0 $0 $0

Risk Metrics

Based on 5 years of daily returns

Metric MGC SCHG
Annualized Volatility 17.3% 22.3%
Max Drawdown -26.6% -35.0%
Sharpe Ratio 0.41 0.41

Dividend Comparison

Metric MGC SCHG
Annual Dividend (per share) $2.42 $0.13
Dividend Yield 1.01% 0.43%
Distribution Frequency Quarterly Quarterly

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