MGV — Vanguard Morningstar Mega Cap Value ETF

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

Vanguard Morningstar Mega Cap Value ETF is a US Large Cap Value fund issued by Vanguard with $13.9 billion in assets under management. It holds a B+ grade and ranks 3 of 12 within its category, placing it 7th among all 458 tracked ETFs. The fund’s 0.05% expense ratio is significantly lower than the category median of 0.12%, while its 1.82% dividend yield exceeds the median of 1.44%. Top holdings comprise 28.3% of assets, with Micron Technology Inc representing the largest single position at 5.3%.

The fund’s price of $166.60 sits at 91.0% of its 52-week range, reflecting strong recent momentum. Short-term returns show a slight dip over the last day and week, but the 1-year return of +26.58% outpaces the category median of +24.48%. Longer-term performance is robust, with a 3-year return of +69.84% indicating sustained growth. This positive trajectory coincided with a rating upgrade to A, though the fund was subsequently downgraded to B+ on 2026-07-29. Historical data is limited to 3.0 years, which constrains the depth of long-term analysis.

With a beta of 0.65, the ETF exhibits lower sensitivity to market movements compared to the broader index. Annualized volatility of 10.21% is classified as Low, contributing to a strong Sharpe ratio of 2.11. The maximum drawdown of -13.18% suggests moderate downside protection during market stress. Liquidity is supported by an average daily volume of 268,325 shares and a bid/ask spread of 0.35%. These metrics collectively indicate a stable risk profile relative to its peers.

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

MGV Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 28.3% 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 — SCHV overlaps most, holding 9 of the same companies as MGV's top 10 (26.2% 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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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 2026-08-01) — 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 0.35% and average daily volume is 268K/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 $13.9B 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