ETF Versus

MGC vs SCHV

Vanguard Mega Cap Index Fund vs Schwab U.S. Large-Cap Value 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
SCHV

Schwab U.S. Large-Cap Value ETF (SCHV) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2009-12-15

Quick Verdict

MGC has edged ahead over the past year (17.1% vs 14.5%).

Key Metrics

Metric MGC SCHV
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 Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 104 123 142 161 180 2021-04 2022-06 2023-09 2024-12 2026-04
MGC +65.6%
SCHV +38.4%

Performance Comparison

Period MGC SCHV Difference
1 Month -3.61% -3.53% -0.08%
3 Months -5.14% +2.41% -7.55%
6 Months -3.23% +4.76% -7.99%
YTD -5.14% +2.41% -7.55%
1 Year +17.08% +14.51% +2.57%
3 Years +65.68% +39.35% +26.33%
5 Years +65.63% +38.43% +27.20%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period MGC Fees SCHV 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 SCHV
Annualized Volatility 17.3% 14.6%
Max Drawdown -26.6% -21.1%
Sharpe Ratio 0.41 0.21

Dividend Comparison

Metric MGC SCHV
Annual Dividend (per share) $2.42 $0.60
Dividend Yield 1.01% 1.96%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose MGC if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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