What is the expense ratio of MGK vs VONG?

MGK has an expense ratio of 0.05%, while VONG has an expense ratio of 0.06%.

MGK vs VONG

Vanguard Mega Cap Growth Index Fund vs Vanguard Russell 1000 Growth Index Fund ETF Shares

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

VONG

Vanguard Russell 1000 Growth Index Fund ETF Shares (VONG) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.06%. The fund offers a modest dividend yield of 0.50%. Launched in 2010, the fund has a 16-year track record.

AUM: $35.8B ER: 0.06% Yield: 0.50% Since: Sep 20, 2010

Quick Verdict

Both funds have nearly identical expense ratios (0.05% vs 0.06%), so fees are not a differentiator here. MGK has edged ahead over the past year (19.4% vs 18.1%).

Key Metrics

Metric	MGK	VONG
Expense Ratio	0.05%	0.06%
Dividend Yield	0.4%	0.5%
Fund Family	N/A	N/A
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

MGK +73.1%

VONG +71.4%

Performance Comparison

Period	MGK	VONG	Difference
1 Month	-4.21%	-4.74%	+0.53%
3 Months	-9.52%	-8.85%	-0.67%
6 Months	-7.91%	-8.46%	+0.55%
YTD	-9.52%	-8.85%	-0.67%
1 Year	+19.39%	+18.14%	+1.25%
3 Years	+81.85%	+75.87%	+5.98%
5 Years	+73.14%	+71.39%	+1.75%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	MGK Fees	VONG Fees	You Save
$10.000	10 years	$100	$120	$20
$10.000	20 years	$430	$515	$85
$10.000	30 years	$1.388	$1.664	$275
$50.000	10 years	$499	$598	$99
$50.000	30 years	$6.941	$8.318	$1.377
$100.000	30 years	$13.882	$16.637	$2.754

Risk Metrics

Based on 5 years of daily returns

Metric	MGK	VONG
Annualized Volatility	22.6%	21.3%
Max Drawdown	-36.4%	-33.2%
Sharpe Ratio	0.40	0.40

Dividend Comparison

Metric	MGK	VONG
Annual Dividend (per share)	$1.43	$0.56
Dividend Yield	0.39%	0.50%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

9 of top 9 holdings overlap (100% 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%

VONG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.18%
Apple Inc.AAPL	11.35%
Microsoft CorporationMSFT	8.64%
Broadcom Inc.AVGO	4.59%
Amazon.com, Inc.AMZN	4.33%
Meta Platforms, Inc.META	3.76%
Tesla, Inc.TSLA	3.58%
Eli Lilly and CompanyLLY	2.94%
Alphabet Inc.GOOG	2.92%

Which One Should You Choose?

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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