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: 2026-04-10

MGK Vanguard

Vanguard Mega Cap Growth Index Fund (MGK) 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 0.05%. The fund offers a modest dividend yield of 0.37%. Launched in 2007, the fund has a 19-year track record.

AUM: $28.9B ER: 0.05% Yield: 0.37% Since: Dec 17, 2007

VONG Vanguard

Vanguard Russell 1000 Growth Index Fund ETF Shares (VONG) 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 low expense ratio of 0.06%. The fund offers a modest dividend yield of 0.48%. Launched in 2010, the fund has a 16-year track record.

AUM: $39.1B ER: 0.06% Yield: 0.48% 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 (31.6% vs 29.8%).

Key Metrics

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

Performance Chart

Indexed to 100 at start (5-year comparison)

MGK +76.3%

VONG +74.0%

Performance Comparison

Period	MGK	VONG	Difference
1 Month	-0.66%	-1.12%	+0.46%
3 Months	-6.72%	-6.47%	-0.25%
6 Months	-3.70%	-4.74%	+1.04%
YTD	-5.63%	-5.41%	-0.22%
1 Year	+31.55%	+29.84%	+1.71%
3 Years	+92.09%	+84.47%	+7.62%
5 Years	+76.34%	+74.03%	+2.31%

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%	21.4%
Max Drawdown	-36.4%	-33.2%
Sharpe Ratio	0.42	0.42

Dividend Comparison

Metric	MGK	VONG
Annual Dividend (per share)	$1.43	$0.56
Dividend Yield	0.37%	0.48%
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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