MGK vs SCHG: Grades, Fees and Holdings Compared

Vanguard Morningstar Mega Cap Growth ETF

MGKBNYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

75.1%by weight

Expense ratio

SCHG −0.01pt a year

MGK0.05%SCHG0.04%

Avg volume · 30D

SCHG 5.8×the volume

MGK1.32MSCHG7.59M

10Y return · a year

MGK+18.5%SCHG+18.5%

MGK vs SCHG Performance

Oct 29, 2021 – Oct 30, 2026

+75.1%MGK+74.3%SCHG

Expense ratio: MGK 0.05%; SCHG 0.04%, better
Fund size: MGK $35B; SCHG $61.7B
1Y total return: MGK +3.6%, better; SCHG +3.3%
Yield (12M): MGK 0.35%; SCHG 0.40%, better
Holdings: MGK 55; SCHG 187
Avg volume (30D): MGK 1.32M sh; SCHG 7.59M sh, better
NAV per share: MGK $86.83; SCHG $34.31
52W range

ETF.net Grade

Pillar letters and Scores for MGK, SCHG, with each pillar’s weight
Pillar	MGK	SCHG
Cost30% weight	A78	A96Higher
Mission25% weight	A99Higher	A92
Risk15% weight	C40	C41Higher
Tradability15% weight	B56	A87Higher
Holdings10% weight	D25	D36Higher
Durability5% weight	A79Higher	A75

Rank among US Growth Index funds

How we build Categories ›

Same Category. MGK and SCHG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SCHG ranks 2nd and MGK 10th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 5AVUGVanguard Morningstar Growth ETFScore 77
Rank 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68
Rank 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68
Rank 12BIVWiShares S&P 500 Growth ETFScore 67

Our read on each fund

ETF.net Research

MGKBVanguard Morningstar Mega Cap Growth ETF

SCHGASchwab U.S. Large-Cap Growth ETF

In short

MGK The growth half of America's giants, roughly 70 names, for five basis points. Vanguard has run it since 2007, and it charges a quarter of what the typical mega-cap fund does.

SCHG Schwab's growth workhorse: roughly 200 large-cap U.S. growth names for four basis points, one of the cheapest tickets in a crowded category. Running since 2009 and among the most heavily traded growth funds around.

Stated mandate

MGK Seeks to track a benchmark measuring the return of large-capitalization growth stocks in the United States. The fund uses passive indexing to track the CRSP US Mega Cap Growth Index.

SCHG SCHG seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It generally invests in stocks included in that index, which represents large-cap U.S. growth equities.

Why people hold it

MGK 0.05% a year against a 0.20% median in its mega-cap peer group. Only Vanguard's own MGC matches that price.
Tracks the CRSP US Mega Cap Growth Index about as tightly as index funds get, one of the strongest implementations in its cohort.
The index takes the growth side of the top 70% of US market cap and moves names between size bands gradually, which keeps turnover down.crsp.org crsp.org 2
Listed in December 2007 and now a multi-billion-dollar fund that trades actively, which usually shows up as tight spreads.

SCHG 0.04% a year against a growth-category median of 0.18%. Costs sit near the floor of the group.
Hews closely to the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, one of the tighter index implementations in its peer group.
Live since 2009, a multi-billion-dollar fund, and one of the busier tickers in the growth aisle, so entering and exiting is usually cheap and easy.
The benchmark is carved out of a total-market growth index, not S&P 500 membership, so a stock does not need an index committee's nod to qualify.

Worth knowing

MGK About 70 stocks, weighted by float-adjusted market cap. The handful at the top set the tone for the whole fund.crsp.org
Growth only. Value-leaning mega caps sit outside the index; sibling MGC holds the full mega-cap slice at the same 0.05%.
Distributions land quarterly, but a mega-cap growth mandate means income is a byproduct, not the job.

SCHG Growth-only by design. Value and dividend-heavy corners of the market sit outside the mandate, so the ride differs from a total-market fund.
Large-cap U.S. only, roughly 200 stocks. No mid-caps, no small-caps, nothing overseas.
VUG charges a hair less for a similar broad-growth mandate. A tiny gap, but it is there. Distributions here arrive quarterly.

Full MGK profile⁠

Full SCHG profile⁠

MGK vs SCHG Holdings

How MGK and SCHG differ

Overlap by weight

75.1%

Shared holdings make up 89.0% of MGK and 76.5% of SCHG.

Level by level

Holdings38 in both75.1%
Sector11 Sectors89.5%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in MGK and SCHG, widest gap first
Sector	More in MGKMore in SCHG	MGK	SCHG
Technology	MGK +8.2 points	62.5%	54.3%
Industrials	SCHG +4.6 points	2.4%	7.0%
Health Care	SCHG +2.2 points	4.4%	6.6%
Communication	MGK +1.3 points	15.0%	13.7%
Real Estate	MGK +0.9 points	1.2%	0.3%
Financials	SCHG +0.9 points	4.1%	5.0%
Consumer Staples	SCHG +0.7 points	0.4%	1.1%
Energy	SCHG +0.7 points	0.0%	0.7%
Consumer Discretionary	SCHG +0.5 points	9.6%	10.1%
Materials	SCHG +0.5 points	0.4%	0.9%
Utilities	SCHG +0.4 points	0.0%	0.4%

Country, concentration and asset class

Country by domicile

Country weights in MGK and SCHG, widest gap first
Country	More in MGKMore in SCHG	MGK	SCHG
United States	MGK +0.2 points	100.0%	99.8%
China	SCHG +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

MGK64.6%
SCHG59.9%

Securities held

MGK53
SCHG187

Asset class

MGK: Equity
SCHG: Equity

Holdings

Only in MGK15
In both38
Only in SCHG149

Only in MGK

15 securities, 10.9% of MGK by weight

Intel Corp1.87%
Lam Research Corp1.45%
Netflix Inc1.06%
Marvell Technology Inc0.95%
Oracle Corp0.90%
Amphenol Corp0.84%
Welltower Inc0.71%
Corning Inc0.58%
Space Exploration Technologies Corp0.50%
TJX Cos Inc/The0.44%
Ecolab Inc0.43%
O'Reilly Automotive Inc0.43%
Monster Beverage Corp0.39%
Cintas Corp0.32%
SLBBH11420.00%

Only in SCHG

149 securities, 23.5% of SCHG by weight

Micron Technology2.86%
Costco Wholesale Corp1.20%
UnitedHealth Group1.00%
Ge Aerospace0.88%
Caterpillar Inc0.81%
Thermo Fisher Scientific0.71%
Linde PLC0.63%
Walt Disney0.52%
BlackRock0.46%
Deere0.45%
Eaton PLC0.41%
S&P Global0.38%
Uber Technologies0.36%
Parker-Hannifin0.32%
Mckesson Corp0.31%
Phillips0.30%
Cloudflare Class A0.27%
Quanta Services Inc0.26%
Trane Technologies PLC0.26%
Vertiv Holdings Class A0.26%
Intuit0.25%
Datadog Inc Class A0.24%
Constellation Energy Corp0.24%
Howmet Aerospace0.22%
Lumentum Holdings0.22%
Hilton Worldwide Holdings0.22%
Regeneron Pharmaceuticals0.22%
Royal Caribbean Group0.21%
Sherwin Williams0.21%
United Rentals0.20%
Robinhood Markets Class A0.20%
Doordash Class A0.18%
Targa Resources0.18%
Kkr and Co Inc0.18%
Te Connectivity PLC0.18%
Transdigm Group0.18%
Natera0.17%
Ww Grainger Inc0.16%
Monolithic Power Systems Inc0.16%
Apollo Global Management0.15%
Baker Hughes Class A0.15%
Autozone0.14%
Autodesk0.14%
Humana0.14%
Ciena0.13%
Carvana Class A0.13%
Delta Air Lines0.13%
Waters Corp0.13%
Coherent0.13%
Teradyne0.13%

Weight gaps

All 38 Holdings in both funds, largest gap first.

Holding weights in MGK and SCHG, widest gap first
Holding	More in MGKMore in SCHG	MGK	SCHG
NVIDIA CorpNVDA	MGK +1.62 points	13.72%	12.10%
Amazon.com IncAMZN	SCHG +1.37 points	4.23%	5.60%
Meta Platforms IncMETA	MGK +1.23 points	4.97%	3.74%
Alphabet IncGOOGL	MGK +1.09 points	4.99%	3.90%
Alphabet IncGOOG	MGK +0.82 points	3.96%	3.14%
Advanced Micro Devices IncAMD	MGK +0.72 points	3.23%	2.51%
Apple IncAAPL	MGK +0.63 points	12.55%	11.92%
Applied Materials IncAMAT	MGK +0.54 points	1.45%	0.91%
Sandisk CorpSNDK	MGK +0.45 points	0.98%	0.53%
Seagate Technology Holdings PLCSTX	MGK +0.43 points	0.86%	0.43%
KLA CorpKLAC	MGK +0.40 points	0.99%	0.59%
Palo Alto Networks IncPANW	MGK +0.39 points	1.23%	0.84%
Arista Networks IncANET	MGK +0.36 points	0.88%	0.52%
GE Vernova IncGEV	MGK +0.34 points	0.98%	0.64%
Crowdstrike Holdings IncCRWD	MGK +0.32 points	1.04%	0.72%
ServiceNow IncNOW	MGK +0.31 points	0.62%	0.31%
Western Digital CorpWDC	MGK +0.29 points	0.68%	0.39%
Microsoft CorpMSFT	MGK +0.27 points	9.48%	9.21%
Cadence Design Systems IncCDNS	MGK +0.27 points	0.53%	0.26%
AppLovin CorpAPP	MGK +0.26 points	0.45%	0.19%
Boeing Co/TheBA	MGK +0.26 points	0.63%	0.37%
Booking Holdings IncBKNG	MGK +0.24 points	0.55%	0.31%
Intuitive Surgical IncISRG	MGK +0.25 points	0.68%	0.43%
Synopsys IncSNPS	MGK +0.24 points	0.50%	0.26%
Equinix IncEQIX	MGK +0.24 points	0.52%	0.28%
Vertex Pharmaceuticals IncVRTX	MGK +0.24 points	0.61%	0.37%
Palantir Technologies IncPLTR	MGK +0.22 points	1.45%	1.23%
Interactive Brokers Group IncIBKR	MGK +0.22 points	0.32%	0.10%
Airbnb IncABNB	MGK +0.21 points	0.40%	0.19%
Moody's CorpMCO	MGK +0.21 points	0.41%	0.20%
Fortinet IncFTNT	MGK +0.20 points	0.43%	0.23%
Eli Lilly & CoLLY	MGK +0.13 points	3.11%	2.98%
Marriott International Inc/MDMAR	MGK +0.12 points	0.35%	0.23%
Broadcom IncAVGO	MGK +0.11 points	4.31%	4.20%
Mastercard IncMA	MGK +0.09 points	1.49%	1.40%
Snowflake IncSNOW	MGK +0.09 points	0.40%	0.31%
Tesla IncTSLA	MGK +0.06 points	3.15%	3.09%
Visa IncV	SCHG +0.04 points	1.86%	1.90%

All 69 MGK holdings⁠All 189 SCHG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MGK vs SCHG Cost

Overpaying MGK vs SCHG

$211

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

MGK 0.05%
$1,060
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

MGK 0.05%
SCHG 0.04%
Overpaying

Year by year

Year	MGK	SCHG	Overpaying
10	$92	$73	$19
20	$360	$288	$72
30	$1,060	$849	$211

Expense ratio

0.05%MGK
0.04%SCHG, cheaper

SCHG0.04%MGK0.05%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SCHG 2nd cheapest of 35 funds

MGK 5th cheapest of 35 funds

MGK vs SCHG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MGK 0.35%; SCHG 0.40%, better
Payout (12M): MGK $0.30; SCHG $0.14
Last payment: MGK $0.08; SCHG $0.04
Ex-dividend: MGK Sep 28, 2026; SCHG Sep 23, 2026
Paid on: MGK Sep 30, 2026; SCHG Sep 28, 2026
Frequency: MGK Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MGKQuarterly · 39 paymentsAll MGK payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

MGK vs SCHG Risk

Fall from peak · 5 years

MGK
SCHG

Risk facts

VolatilityStd dev, 3 years: MGK 17.9%SCHG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: MGK 1.11SCHG 1.16, better
Worst fallMax drawdown, 5 years: MGK −36.0%SCHG −34.6%, better
Market sensitivityBeta, 5 years: MGK 1.27SCHG 1.20; Market = 1

MGK and SCHG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SCHG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SCHG

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MGK vs SCHG

In short

Stated mandate

Why people hold it

Worth knowing

How MGK and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in MGK

Only in SCHG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How MGK and SCHG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in MGK

Only in SCHG

Weight gaps