What is the expense ratio of MGK vs QQQ?

MGK has an expense ratio of 0.05%, while QQQ has an expense ratio of 0.18%.

MGK vs QQQ

Vanguard Mega Cap Growth Index Fund vs Invesco QQQ Trust

Last updated: 2026-04-02

Vanguard Mega Cap Growth Index Fund (MGK) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.05%. The fund offers a modest dividend yield of 0.39%. Launched in 2007, the fund has a 19-year track record.

AUM: $26.8B ER: 0.05% Yield: 0.39% Since: Dec 17, 2007

QQQ Invesco

Invesco QQQ Trust (QQQ) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.48%. Launched in 1999, the fund has a 27-year track record.

AUM: $363.1B ER: 0.18% Yield: 0.48% Since: Mar 10, 1999

Quick Verdict

MGK is significantly cheaper at 0.05% vs 0.18% expense ratio, saving you approximately $257 per $10,000 invested over 10 years. QQQ has edged ahead over the past year (23.6% vs 19.4%).

Key Metrics

Metric	MGK	QQQ
Expense Ratio	0.05%	0.18%
Dividend Yield	0.4%	0.5%
Fund Family	N/A	Invesco
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

MGK +73.1%

QQQ +76.5%

Performance Comparison

Period	MGK	QQQ	Difference
1 Month	-4.21%	-3.91%	-0.30%
3 Months	-9.52%	-4.70%	-4.82%
6 Months	-7.91%	-3.13%	-4.78%
YTD	-9.52%	-4.70%	-4.82%
1 Year	+19.39%	+23.61%	-4.22%
3 Years	+81.85%	+82.51%	-0.66%
5 Years	+73.14%	+76.50%	-3.36%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	MGK Fees	QQQ Fees	You Save
$10.000	10 years	$100	$357	$257
$10.000	20 years	$430	$1.529	$1.100
$10.000	30 years	$1.388	$4.912	$3.523
$50.000	10 years	$499	$1.786	$1.287
$50.000	30 years	$6.941	$24.558	$17.617
$100.000	30 years	$13.882	$49.116	$35.234

Risk Metrics

Based on 5 years of daily returns

Metric	MGK	QQQ
Annualized Volatility	22.6%	22.4%
Max Drawdown	-36.4%	-35.6%
Sharpe Ratio	0.40	0.42

Dividend Comparison

Metric	MGK	QQQ
Annual Dividend (per share)	$1.43	$2.81
Dividend Yield	0.39%	0.48%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

MGK Top Holdings

Name	Weight
NVIDIA CorporationNVDA	13.12%
Apple Inc.AAPL	12.49%
Microsoft CorporationMSFT	9.18%
Meta Platforms, Inc.META	4.66%
Alphabet Inc.GOOG	4.46%
Amazon.com, Inc.AMZN	4.43%
Tesla, Inc.TSLA	4.26%
Broadcom Inc.AVGO	3.97%
Eli Lilly and CompanyLLY	3.42%

QQQ Top Holdings

Name	Weight
NVIDIA CorporationNVDA	8.55%
Apple Inc.AAPL	7.67%
Microsoft CorporationMSFT	5.56%
Amazon.com, Inc.AMZN	4.49%
Tesla, Inc.TSLA	3.79%
Walmart Inc.WMT	3.48%
Meta Platforms, Inc.META	3.26%
Alphabet Inc.GOOG	3.13%
Broadcom Inc.AVGO	2.99%

Which One Should You Choose?

Choose MGK if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose QQQ if...

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

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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