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MGV vs MTUM

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

iShares MSCI USA Momentum Factor ETF

MTUMBCboe

Overlap

Expense ratio

MGV −0.10pt a year

MGV0.05%MTUM0.15%

Avg volume · 30D

MTUM 6.0×the volume

MGV247KMTUM1.48M

10Y return · a year

MTUM +2.1pt

MGV+13.3%MTUM+15.4%

MGV vs MTUM Performance

Oct 29, 2021 – Oct 30, 2026

+83.6%MGV+57.8%MTUM

Oct 29, 2021 to Oct 30, 2026. MGV +83.6%. MTUM +57.8%. Use the arrow keys to read each point.−25%0%25%Oct 2021Apr 2024Oct 2026
Expense ratio
MGV 0.05%, better
MTUM 0.15%
Fund size
MGV $13.6B
MTUM $17.8B
1Y total return
MGV +25.6%, better
MTUM +12.5%
Yield (12M)
MGV 1.82%, better
MTUM 0.65%
Holdings
MGV 117
MTUM 128
Avg volume (30D)
MGV 247K sh
MTUM 1.48M sh, better
NAV per share
MGV $168.92
MTUM $284.24
52W range

ETF.net Grade

MGV: Cost 100, Risk 92, Mission 67, Tradability 49, Holdings 57, Durability 90. MTUM: Cost 81, Risk 29, Mission 57, Tradability 74, Holdings 46, Durability 85.
Pillar letters and Scores for MGV, MTUM, with each pillar’s weight
PillarMGVMTUM
Cost30% weightA100HigherA81
Mission25% weightB67HigherB57
Risk15% weightA92HigherD29
Tradability15% weightC49A74Higher
Holdings10% weightB57HigherC46
Durability5% weightA90HigherA85

Rank among US Factor Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MGV and MTUM are both graded against the same 30 US Factor Index funds, so their Grades compare head to head.

US Factor Index⁠

Category · 30 funds
See all 30 ›

MGV ranks 1st and MTUM 12th of 30 funds in the US Factor Index Category.

  1. Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
  2. Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
  3. Rank 11BGARPiShares MSCI USA Quality GARP ETFScore 64
  4. Rank 12BMTUMiShares MSCI USA Momentum Factor ETFScore 62
  5. Rank 13BFDMOFidelity Momentum Factor ETFScore 57

Our read on each fund

ETF.net Research

MGVAVanguard Morningstar Mega Cap Value ETF

MTUMBiShares MSCI USA Momentum Factor ETF

In short

MGV Most "value" ETFs slide down into mid caps. MGV stays at the very top of the US market and buys the value half of it for five basis points. Vanguard's plain, cheap way to own the old-guard giants.

MTUM The 2013 original that turned momentum into a mainstream factor bet. MTUM ranks large- and mid-cap US stocks by their 6- and 12-month gains divided by their volatility, so steady climbers outrank wild ones, then rebuilds a roughly 130-stock lineup on a set schedule.

Stated mandate

MGV The ETF seeks to track the Morningstar US Mega Cap Value Index and provides passive, diversified exposure to the largest value stocks in the U.S. market.

MTUM The fund seeks to track an index of U.S. large- and mid-capitalization stocks with relatively high price momentum. Its strategy uses an index designed to emphasize stocks with stronger momentum characteristics than the MSCI USA parent index.

Why people hold it

  • MGV At 0.05% it is the cheapest fund in its factor peer group, where the median charges 0.28%. It undercuts fellow top-rated peers SIZE (0.15%) and SUSA (0.25%).vanguard.com
  • Launched December 2007, straight into the crash, and now a multi-billion-dollar fund. Long history, quarterly distributions, Vanguard plumbing behind it.
  • One of the strongest overall showings in its US factor peer group, built on cost and staying power rather than a clever screen.
  • MTUM Momentum here is volatility-adjusted: 6- and 12-month price gains scaled by three-year volatility, which favors steady climbers over the jumpiest movers.msci.com
  • 0.15% a year, a fraction of the typical fee among US momentum funds, and one of the stronger overall implementations in that peer group.
  • Running since 2013 and now a multi-billion-dollar fund that trades actively, which generally means tight spreads and easy fills.
  • The index spreads its rebalance trades over three days into the effective date and caps weights at the issuer level, both aimed at curbing turnover and concentration.msci.com

Worth knowing

  • MGV About 130 names, all mega caps. The biggest holdings carry real weight, and small and mid caps are absent by design.
  • It tracks a Morningstar index of the largest US value stocks, so it leaves out the market's growth giants and can move very differently from a total-market fund.vanguard.com
  • Moderately traded rather than a household-name ticker, so limit orders and mid-session trading matter more here than with the very largest index ETFs.
  • MTUM Roughly 130 names, chosen by what has been working, so sector tilts can get lopsided and stay that way between index reviews.msci.com
  • Sharp reversals are momentum's classic weak spot: the portfolio resets at the scheduled May and November reviews, or sooner only if an ad-hoc trigger fires.msci.com
  • Cheap but not cheapest: JMOM, VFMO and SPMO each charge slightly less for their own version of momentum.

Full MGV profile⁠

Full MTUM profile⁠

MGV vs MTUM 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.

MGV vs MTUM Cost

Overpaying MTUM vs MGV

$2,077

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

  • MGV 0.05%

    $1,060

  • MTUM 0.15%

    $3,137

$10,000
30 years

Cost over time

  • MGV 0.05%
  • MTUM 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530MTUM $3,137MGV $1,060

Year by year

YearMGVMTUMOverpaying
10$92$274$182
20$360$1,071$711
30$1,060$3,137$2,077

Expense ratio

  • 0.05%MGV, cheaper
  • 0.15%MTUM
  • Middle half of US Factor Index funds
  • Median 0.30%

MGV cheapest of 30 funds

MTUM 5th cheapest of 30 funds

MGV vs MTUM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MGV 1.82%, better
MTUM 0.65%
Payout (12M)
MGV $3.07
MTUM $1.85
Last payment
MGV $0.72
MTUM $0.60
Ex-dividend
MGV Sep 28, 2026
MTUM Sep 15, 2026
Paid on
MGV Sep 30, 2026
MTUM Sep 18, 2026
Frequency
MGV Quarterly
MTUM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MGVQuarterly · 39 paymentsAll MGV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 29, 2017 $0.39; Jun 23, 2017 $0.41; Sep 27, 2017 $0.51; Dec 26, 2017 $0.47; Mar 22, 2018 $0.42; Jun 28, 2018 $0.46; Sep 28, 2018 $0.50; Dec 24, 2018 $0.51; Mar 25, 2019 $0.60; Jun 27, 2019 $0.57; Oct 1, 2019 $0.57; Dec 24, 2019 $0.60; Mar 26, 2020 $0.51; Jun 25, 2020 $0.53; Sep 11, 2020 $0.46; Dec 24, 2020 $0.65; Mar 26, 2021 $0.49; Jun 24, 2021 $0.55; Sep 29, 2021 $0.62; Dec 27, 2021 $0.66; Mar 24, 2022 $0.55; Jun 23, 2022 $0.60; Sep 28, 2022 $0.68; Dec 22, 2022 $0.70; Mar 23, 2023 $0.59; Jun 23, 2023 $0.66; Sep 21, 2023 $0.68; Dec 21, 2023 $0.77; Mar 21, 2024 $0.70; Jun 27, 2024 $0.73; Sep 26, 2024 $0.72; Dec 23, 2024 $0.72; Mar 27, 2025 $0.68; Jun 30, 2025 $0.68; Sep 29, 2025 $0.70; Dec 22, 2025 $0.82; Mar 27, 2026 $0.79; Jun 26, 2026 $0.73; Sep 28, 2026 $0.72. Use the arrow keys to read each point.$0$12017202020232026YTD
MTUMQuarterly · 39 paymentsAll MTUM payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.24; Jun 27, 2017 $0.24; Sep 26, 2017 $0.27; Dec 21, 2017 $0.31; Mar 22, 2018 $0.27; Jun 26, 2018 $0.34; Sep 26, 2018 $0.26; Dec 17, 2018 $0.40; Mar 20, 2019 $0.47; Jun 17, 2019 $0.45; Sep 24, 2019 $0.42; Dec 16, 2019 $0.50; Mar 25, 2020 $0.45; Jun 15, 2020 $0.35; Sep 23, 2020 $0.24; Dec 14, 2020 $0.31; Mar 25, 2021 $0.09; Jun 10, 2021 $0.13; Sep 24, 2021 $0.33; Dec 13, 2021 $0.44; Mar 24, 2022 $0.38; Jun 9, 2022 $0.37; Sep 26, 2022 $1.03; Dec 13, 2022 $0.84; Mar 23, 2023 $0.80; Jun 7, 2023 $0.54; Sep 26, 2023 $0.41; Dec 20, 2023 $0.36; Mar 21, 2024 $0.16; Jun 11, 2024 $0.20; Sep 25, 2024 $0.44; Dec 17, 2024 $0.75; Mar 18, 2025 $0.53; Jun 16, 2025 $0.47; Sep 16, 2025 $0.60; Dec 16, 2025 $0.67; Mar 17, 2026 $0.22; Jun 15, 2026 $0.36; Sep 15, 2026 $0.60. Use the arrow keys to read each point.$0$12017202020232026YTD

MGV vs MTUM Risk

Fall from peak · 5 years

  • MGV
  • MTUM
Oct 29, 2021 to Oct 30, 2026. Worst fall: MTUM −32.3% · Jun 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MGV 11.1%, betterMTUM 21.6%
Return per unit of riskSharpe ratio, 3 years
MGV 1.48, betterMTUM 1.07
Worst fallMax drawdown, 5 years
MGV −16.5%, betterMTUM −32.3%
Market sensitivityBeta, 5 years
MGV 0.66MTUM 1.24

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