What is the expense ratio of MGK vs VUG?

MGK has an expense ratio of 0.05%, while VUG has an expense ratio of 0.03%.

MGK vs VUG

Vanguard Mega Cap Growth Index Fund vs Vanguard 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

VUG Vanguard

Vanguard Growth Index Fund ETF Shares (VUG) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.03%. The fund offers a modest dividend yield of 0.45%. Launched in 2004, the fund has a 22-year track record.

AUM: $179.8B ER: 0.03% Yield: 0.45% Since: Jan 26, 2004

Quick Verdict

VUG has a slightly lower expense ratio (0.03% vs 0.05%), saving about $40 per $10,000 over 10 years. MGK has edged ahead over the past year (19.4% vs 18.0%).

Key Metrics

Metric	MGK	VUG
Expense Ratio	0.05%	0.03%
Dividend Yield	0.4%	0.5%
Fund Family	N/A	Vanguard
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

MGK +73.1%

VUG +66.0%

Performance Comparison

Period	MGK	VUG	Difference
1 Month	-4.21%	-4.47%	+0.26%
3 Months	-9.52%	-9.18%	-0.34%
6 Months	-7.91%	-8.28%	+0.37%
YTD	-9.52%	-9.18%	-0.34%
1 Year	+19.39%	+18.01%	+1.38%
3 Years	+81.85%	+77.18%	+4.67%
5 Years	+73.14%	+66.01%	+7.13%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	MGK Fees	VUG Fees	You Save
$10.000	10 years	$100	$60	$40
$10.000	20 years	$430	$258	$171
$10.000	30 years	$1.388	$835	$553
$50.000	10 years	$499	$299	$199
$50.000	30 years	$6.941	$4.176	$2.765
$100.000	30 years	$13.882	$8.352	$5.531

Risk Metrics

Based on 5 years of daily returns

Metric	MGK	VUG
Annualized Volatility	22.6%	22.2%
Max Drawdown	-36.4%	-36.0%
Sharpe Ratio	0.40	0.37

Dividend Comparison

Metric	MGK	VUG
Annual Dividend (per share)	$1.43	$1.99
Dividend Yield	0.39%	0.45%
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%

VUG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.82%
Apple Inc.AAPL	12.23%
Microsoft CorporationMSFT	9.15%
Alphabet Inc.GOOG	4.49%
Meta Platforms, Inc.META	4.44%
Amazon.com, Inc.AMZN	4.41%
Broadcom Inc.AVGO	3.95%
Tesla, Inc.TSLA	3.58%
Eli Lilly and CompanyLLY	2.82%

Which One Should You Choose?

Choose VUG if...

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

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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