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MGV vs SPHD

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

Invesco S&P 500 High Dividend Low Volatility ETF

SPHD—NYSE Arca

Overlap

Expense ratio

MGV −0.25pt a year

MGV0.05%SPHD0.30%

Avg volume · 30D

SPHD 3.8×the volume

MGV247KSPHD940K

10Y return · a year

MGV +5.5pt

MGV+13.5%SPHD+8.0%

MGV vs SPHD Performance

Nov 2, 2021 – Nov 2, 2026

+82.6%MGV+48.4%SPHD

Nov 2, 2021 to Nov 2, 2026. MGV +82.6%. SPHD +48.4%. Use the arrow keys to read each point.0%20%60%Nov 2021May 2024Nov 2026
Expense ratio
MGV 0.05%, better
SPHD 0.30%
Fund size
MGV $13.6B
SPHD $3.42B
1Y total return
MGV +25.8%, better
SPHD +16.3%
Yield (12M)
MGV 1.81%
SPHD 4.75%, better
Holdings
MGV 123
SPHD 56
Avg volume (30D)
MGV 247K sh
SPHD 940K sh, better
NAV per share
MGV $168.92
SPHD $52.01
52W range

ETF.net Grade

  • —SPHDUnder classification review
MGV: Cost 100, Risk 92, Mission 67, Tradability 49, Holdings 57, Durability 90.
Pillar letters and Scores for MGV, SPHD, with each pillar’s weight
PillarMGVSPHD
Cost30% weightA100Not scored
Mission25% weightB67Not scored
Risk15% weightA92Not scored
Tradability15% weightC49Not scored
Holdings10% weightB57Not scored
Durability5% weightA90Not scored

Rank among US Factor Index funds

How we build Categories ›

US Factor Index⁠

Category · 30 funds
See all 30 ›

MGV ranks 1st 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. SPHDNot yet graded

Our read on each fund

ETF.net Research

MGVAVanguard Morningstar Mega Cap Value ETF

SPHD—Invesco S&P 500 High Dividend Low Volatility 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.

SPHD No data

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.

SPHD No data

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.

SPHD No data

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.

SPHD No data

Full MGV profile⁠

Full SPHD profile⁠

MGV vs SPHD 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 SPHD Cost

Overpaying SPHD vs MGV

$5,089

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

  • MGV 0.05%

    $1,060

  • SPHD 0.30%

    $6,149

$10,000
30 years

Cost over time

  • MGV 0.05%
  • SPHD 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530SPHD $6,149MGV $1,060

Year by year

YearMGVSPHDOverpaying
10$92$545$453
20$360$2,113$1,753
30$1,060$6,149$5,089

Expense ratio

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

MGV cheapest of 30 funds

SPHD 15th cheapest of 30 funds

MGV vs SPHD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
MGV 1.81%
SPHD 4.75%, better
Payout (12M)
MGV $3.07
SPHD $2.49
Last payment
MGV $0.72
SPHD $0.20
Ex-dividend
MGV Sep 28, 2026
SPHD Oct 19, 2026
Paid on
MGV Sep 30, 2026
SPHD Oct 23, 2026
Frequency
MGV Quarterly
SPHD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

MGVQuarterly · 15 paymentsAll MGV payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. 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$0.5020232026YTD
SPHDMonthly · 46 paymentsAll SPHD payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.14; Feb 21, 2023 $0.15; Mar 20, 2023 $0.15; Apr 24, 2023 $0.15; May 22, 2023 $0.15; Jun 20, 2023 $0.16; Jul 24, 2023 $0.16; Aug 21, 2023 $0.16; Sep 18, 2023 $0.18; Oct 23, 2023 $0.18; Nov 20, 2023 $0.16; Dec 18, 2023 $0.17; Jan 22, 2024 $0.15; Feb 20, 2024 $0.15; Mar 18, 2024 $0.13; Apr 22, 2024 $0.14; May 20, 2024 $0.14; Jun 24, 2024 $0.13; Jul 22, 2024 $0.14; Aug 19, 2024 $0.13; Sep 23, 2024 $0.13; Oct 21, 2024 $0.13; Nov 18, 2024 $0.14; Dec 23, 2024 $0.14; Jan 21, 2025 $0.14; Feb 24, 2025 $0.14; Mar 24, 2025 $0.14; Apr 21, 2025 $0.14; May 19, 2025 $0.15; Jun 23, 2025 $0.15; Jul 21, 2025 $0.16; Aug 18, 2025 $0.16; Sep 22, 2025 $0.18; Oct 20, 2025 $0.18; Nov 24, 2025 $0.19; Dec 22, 2025 $0.21; Jan 20, 2026 $0.20; Feb 23, 2026 $0.21; Mar 23, 2026 $0.21; Apr 20, 2026 $0.21; May 18, 2026 $0.21; Jun 22, 2026 $0.21; Jul 20, 2026 $0.21; Aug 24, 2026 $0.22; Sep 21, 2026 $0.20; Oct 19, 2026 $0.20. Use the arrow keys to read each point.$0$0.5020232026YTD

MGV vs SPHD Risk

Fall from peak · 5 years

  • MGV
  • SPHD
Nov 2, 2021 to Nov 2, 2026. Worst fall: SPHD −19.5% · Oct 2022. Use the arrow keys to read each point.−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
MGV 11.1%, betterSPHD 13.4%
Return per unit of riskSharpe ratio, 3 years
MGV 1.48, betterSPHD 0.83
Worst fallMax drawdown, 5 years
MGV −16.5%, betterSPHD −19.5%
Market sensitivityBeta, 5 years
MGV 0.66SPHD 0.47

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