ETF Versus

MGC vs SPSM

Vanguard Mega Cap Index Fund vs State Street SPDR Portfolio S&P 600 Small Cap 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
SPSM

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2013-07-09

Quick Verdict

Both funds have delivered similar 1-year returns (17.1% vs 17.2%), tracking closely.

Key Metrics

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

Performance Chart

Indexed to 100 at start (5-year comparison)

80 100 120 140 160 180 2021-04 2022-06 2023-09 2024-12 2026-04
MGC +65.6%
SPSM +13.0%

Performance Comparison

Period MGC SPSM Difference
1 Month -3.61% -3.42% -0.19%
3 Months -5.14% +2.83% -7.97%
6 Months -3.23% +4.15% -7.38%
YTD -5.14% +2.83% -7.97%
1 Year +17.08% +17.20% -0.12%
3 Years +65.68% +28.78% +36.90%
5 Years +65.63% +12.96% +52.67%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period MGC Fees SPSM 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 SPSM
Annualized Volatility 17.3% 21.5%
Max Drawdown -26.6% -28.7%
Sharpe Ratio 0.41 0.01

Dividend Comparison

Metric MGC SPSM
Annual Dividend (per share) $2.42 $0.77
Dividend Yield 1.01% 1.58%
Distribution Frequency Quarterly Quarterly

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