MGV — Vanguard Mega Cap Value Index Fund

MGV Price Performance — Growth of $10,000

Value of a $10,000 investment in MGV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

MGV Drawdown

The "underwater" chart: MGV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Mega Cap Value Index Fund, identified by the ticker MGV, operates within the US Large Cap Value category managed by issuer Vanguard. This fund holds a position among 12 ETFs tracked in its specific category and has achieved an overall rank of #3 out of 458 ETFs across all categories. It carries an ETFValuer grade of B+, reflecting a score of 84.8 out of 100. The fund trades at a price of $164.21 with assets under management totaling $13.3 billion, indicating significant investor adoption. Investors can access the fund with a low expense ratio of 0.05% while receiving a dividend yield of 1.86%. These metrics collectively suggest a cost-efficient vehicle with substantial market presence and strong relative standing.

MGV has demonstrated a consistent upward trajectory across multiple time horizons, starting with a 1-day return of +0.35% and a 1-week gain of +1.47%. The momentum continued into the monthly period with a +1.45% return, followed by a more substantial 3-month increase of +9.55%. Over the half-year mark, the fund posted a +12.76% return, while year-to-date performance reached +16.44%. The 1-year return stands at +25.70%, and the 3-year return shows a cumulative gain of +63.71%. This pattern indicates sustained growth that has accelerated over the longer term, with the 3-year figure significantly outpacing the shorter duration returns.

The fund exhibits a volatility label of Low and a beta of 0.66, suggesting it moves less than the broader market and may experience smaller price swings. A Sharpe ratio of 2.04 indicates that the returns generated have been efficient relative to the amount of risk taken. The maximum drawdown recorded is -13.18%, which represents the largest peak-to-trough decline observed. This combination of low volatility, a beta below 1.0, and a high Sharpe ratio implies the fund has provided strong risk-adjusted returns during both rising and falling market conditions. The modest maximum drawdown further supports the profile of a fund that has managed downside risk effectively relative to its performance history.

AI-generated summary based on the data on this page.

MGV Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 26.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how MGV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With MGV

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with MGV's top 10 — VTV overlaps most, holding 8 of the same companies as MGV's top 10 (22.6% of MGV's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

MGV Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.65% and average daily volume is 242K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $13.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: MGV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

MGV Performance History

How MGV Compares to Other US Large Cap Value ETFs