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MGV vs POWA

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

Invesco Bloomberg Pricing Power ETF

POWACNYSE Arca

Overlap

Expense ratio

MGV −0.35pt a year

MGV0.05%POWA0.40%

Avg volume · 30D

MGV 64.5×the volume

MGV247KPOWA3.82K

10Y return · a year

MGV +2.5pt

MGV+13.3%POWA+10.8%

MGV vs POWA Performance

Oct 29, 2021 – Oct 30, 2026

+83.6%MGV+41.5%POWA

Oct 29, 2021 to Oct 30, 2026. MGV +83.6%. POWA +41.5%. Use the arrow keys to read each point.0%20%60%Oct 2021Apr 2024Oct 2026
Expense ratio
MGV 0.05%, better
POWA 0.40%
Fund size
MGV $13.6B
POWA $168M
1Y total return
MGV +25.6%, better
POWA +3.0%
Yield (12M)
MGV 1.82%, better
POWA 0.91%
Holdings
MGV 117
POWA 53
Avg volume (30D)
MGV 247K sh, better
POWA 3.82K sh
NAV per share
MGV $168.92
POWA $92.76
52W range

ETF.net Grade

MGV: Cost 100, Risk 92, Mission 67, Tradability 49, Holdings 57, Durability 90. POWA: Cost 26, Risk 51, Mission 55, Tradability 34, Holdings 63, Durability 47.
Pillar letters and Scores for MGV, POWA, with each pillar’s weight
PillarMGVPOWA
Cost30% weightA100HigherD26
Mission25% weightB67HigherB55
Risk15% weightA92HigherC51
Tradability15% weightC49HigherD34
Holdings10% weightB57B63Higher
Durability5% weightA90HigherC47

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 POWA 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 POWA 20th 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 19CTMFCMotley Fool 100 Index ETFScore 46
  4. Rank 20CPOWAInvesco Bloomberg Pricing Power ETFScore 42
  5. Rank 21DCALFPacer US Small Cap Cash Cows ETFScore 39

Our read on each fund

ETF.net Research

MGVAVanguard Morningstar Mega Cap Value ETF

POWACInvesco Bloomberg Pricing Power 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.

POWA Most factor funds slice on ratios. POWA screens for a business trait: companies that have held their profit margins steady, the fingerprint of pricing power. Roughly 50 US large- and mid-caps, held in equal slices.

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.

POWA The Fund seeks to track the investment results of the Bloomberg Pricing Power Index before fees and expenses. The index selects U.S. large- and mid-capitalization companies with historically consistent, stable profit margins.

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.
  • POWA The pitch is plain English: own businesses whose profit margins have stayed steady, rather than a bundle of abstract factor loadings.
  • Equal weighting across about 50 names keeps any single mega-cap from running the portfolio.stockanalysis.com
  • Selection is rules-based and published: it tracks the Bloomberg Pricing Power Index of US large- and mid-caps, not a manager's hunch.invesco.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.
  • POWA The 0.40% fee sits above the typical US factor ETF and well above cheap peers like MGV (0.05%) or SIZE (0.15%).
  • Thinly traded, so bid-ask spreads and order size matter more here than with the category's giants.
  • A concentrated, equal-weight lineup of about 50 stocks brings real sector tilts and bigger single-name impact than a broad index fund.stockanalysis.com

Full MGV profile⁠

Full POWA profile⁠

MGV vs POWA 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 POWA Cost

Overpaying POWA vs MGV

$7,030

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

  • MGV 0.05%

    $1,060

  • POWA 0.40%

    $8,090

$10,000
30 years

Cost over time

  • MGV 0.05%
  • POWA 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530POWA $8,090MGV $1,060

Year by year

YearMGVPOWAOverpaying
10$92$723$631
20$360$2,793$2,433
30$1,060$8,090$7,030

Expense ratio

  • 0.05%MGV, cheaper
  • 0.40%POWA
  • Middle half of US Factor Index funds
  • Median 0.30%

MGV cheapest of 30 funds

POWA 22nd cheapest of 30 funds

MGV vs POWA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MGV 1.82%, better
POWA 0.91%
Payout (12M)
MGV $3.07
POWA $0.85
Last payment
MGV $0.72
POWA $0.85
Ex-dividend
MGV Sep 28, 2026
POWA Dec 22, 2025
Paid on
MGV Sep 30, 2026
POWA Dec 26, 2025
Frequency
MGV Quarterly
POWA Annual

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
POWAAnnual · 9 paymentsAll POWA payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.76; Dec 24, 2018 $0.61; Dec 23, 2019 $0.65; Dec 21, 2020 $0.79; Dec 20, 2021 $0.78; Dec 19, 2022 $0.98; Dec 18, 2023 $1.16; Dec 23, 2024 $0.64; Dec 22, 2025 $0.85. Use the arrow keys to read each point.$0$12017202020232026YTD

MGV vs POWA Risk

Fall from peak · 5 years

  • MGV
  • POWA
Oct 29, 2021 to Oct 30, 2026. Worst fall: POWA −17.8% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MGV 11.1%, betterPOWA 11.9%
Return per unit of riskSharpe ratio, 3 years
MGV 1.48, betterPOWA 0.81
Worst fallMax drawdown, 5 years
MGV −16.5%, betterPOWA −17.8%
Market sensitivityBeta, 5 years
MGV 0.66POWA 0.77

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