MGV vs SUSA: Grades, Fees and Holdings Compared

Vanguard Morningstar Mega Cap Value ETF

MGVANYSE Arca

iShares ESG Optimized MSCI USA ETF

SUSAANYSE Arca

Overlap

24.4%by weight

Expense ratio

MGV −0.20pt a year

MGV0.05%SUSA0.25%

Avg volume · 30D

MGV 6.2×the volume

MGV247KSUSA39.6K

10Y return · a year

SUSA +1.6pt

MGV+13.3%SUSA+14.9%

MGV vs SUSA Performance

Oct 29, 2021 – Oct 30, 2026

+83.6%MGV+59.2%SUSA

Expense ratio: MGV 0.05%, better; SUSA 0.25%
Fund size: MGV $13.6B; SUSA $4.03B
1Y total return: MGV +25.6%, better; SUSA +12.1%
Yield (12M): MGV 1.82%, better; SUSA 0.84%
Holdings: MGV 117; SUSA 206
Avg volume (30D): MGV 247K sh, better; SUSA 39.6K sh
NAV per share: MGV $168.92; SUSA $155.11
52W range

ETF.net Grade

Pillar letters and Scores for MGV, SUSA, with each pillar’s weight
Pillar	MGV	SUSA
Cost30% weight	A100Higher	B66
Mission25% weight	B67	A100Higher
Risk15% weight	A92Higher	B56
Tradability15% weight	C49	C50Higher
Holdings10% weight	B57Higher	B56
Durability5% weight	A90Higher	A74

Rank among US Factor Index funds

How we build Categories ›

Same Category. MGV and SUSA 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 SUSA 5th of 30 funds in the US Factor Index Category.

Rank 1AMGVVanguard Morningstar Mega Cap Value ETFScore 78
Rank 2AUSCAXtrackers MSCI USA Climate Action Equity ETFScore 74
Rank 4ADXUVU.S. Vector Equity Portfolio ETF Class SharesScore 70
Rank 5ASUSAiShares ESG Optimized MSCI USA ETFScore 69
Rank 6BDGRWWisdomTree U.S. Quality Dividend Growth FundScore 68

Our read on each fund

ETF.net Research

MGVAVanguard Morningstar Mega Cap Value ETF

SUSAAiShares ESG Optimized MSCI USA 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.

SUSA One of the original US ESG funds, running since 2005. Its index is sector-neutral, so the screening happens inside each sector instead of turning into one giant bet against energy.

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.

SUSA The fund seeks to track a sector-neutral index of U.S. large- and mid-cap companies with positive aggregate ESG ratings and extensive screens for controversial activities.

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.

SUSA Sector-neutral construction: sector weights stay near the broad US market, so the ESG work shows up in which companies are held, not in a lopsided tilt away from energy or utilities.ishares.com
Trading since January 2005, one of the longest-running ESG equity ETFs in the US, and today a multi-billion-dollar fund rather than a launch-week experiment.
0.25% a year undercuts the typical fund in its factor peer group, and the portfolio hews closely to the MSCI USA Extended ESG Select Index it advertises.
Large- and mid-cap US names, roughly 190 of them, with cash paid out quarterly. A core-shaped equity sleeve, not a thematic sliver.

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.

SUSA Cheaper peers sit on the same shelf: Xtrackers' USCA at 0.07% and iShares' own SIZE at 0.15%. The extended controversy screens and long history are what the extra costs buy.
It trades lightly next to mega-cap index funds, so spreads can widen in fast markets. Limit orders are the standard fix.
Screens for controversial activities keep some familiar large caps out, so results can drift from a plain US market index in either direction.

Full MGV profile⁠

Full SUSA profile⁠

MGV vs SUSA Holdings

How MGV and SUSA differ

Overlap by weight

24.4%

Shared holdings make up 48.3% of MGV and 25.9% of SUSA.

Level by level

Holdings53 in both24.4%
Sector11 Sectors68.0%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in MGV and SUSA, widest gap first
Sector	More in MGVMore in SUSA	MGV	SUSA
Technology	SUSA +24.8 points	16.1%	40.9%
Financials	MGV +10.6 points	23.3%	12.7%
Health Care	MGV +8.1 points	18.4%	10.3%
Consumer Staples	MGV +6.2 points	10.9%	4.7%
Industrials	MGV +3.4 points	12.7%	9.3%
Energy	MGV +3.3 points	6.6%	3.3%
Communication	SUSA +2.5 points	3.4%	5.9%
Consumer Discretionary	SUSA +2.4 points	3.8%	6.2%
Real Estate	SUSA +1.7 points	1.0%	2.7%
Materials	SUSA +0.5 points	2.3%	2.8%
Utilities	MGV +0.4 points	1.7%	1.3%

Country, concentration and asset class

Country by domicile

Country weights in MGV and SUSA, widest gap first
Country	More in MGVMore in SUSA	MGV	SUSA
United States	MGV +0.5 points	100.0%	99.5%
Other countries (2)	SUSA +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

MGV30.4%
SUSA31.3%

Securities held

MGV116
SUSA203

Asset class

MGV: Equity
SUSA: Equity

Holdings

Only in MGV63
In both53
Only in SUSA150

Only in MGV

63 securities, 52.1% of MGV by weight

JPMorgan Chase & Co4.32%
Berkshire Hathaway Inc3.46%
ExxonMobil Holdings Corp3.32%
Johnson & Johnson3.14%
AbbVie Inc2.27%
Walmart Inc2.24%
Chevron Corp1.88%
Bank of America Corp1.78%
UnitedHealth Group Inc1.62%
Philip Morris International Inc1.46%
RTX Corp1.23%
Goldman Sachs Group Inc/The1.21%
Wells Fargo & Co1.19%
Citigroup Inc1.06%
Berkshire Hathaway Inc1.04%
Walt Disney Co/The0.89%
PepsiCo Inc0.85%
Abbott Laboratories0.84%
McDonald's Corp0.80%
Pfizer Inc0.80%
Charles Schwab Corp/The0.79%
NextEra Energy Inc0.78%
ConocoPhillips0.74%
Uber Technologies Inc0.65%
Capital One Financial Corp0.58%
Lockheed Martin Corp0.58%
Chubb Ltd0.56%
Altria Group Inc0.55%
Medtronic PLC0.54%
CVS Health Corp0.54%
Starbucks Corp0.53%
Freeport-McMoRan Inc0.49%
McKesson Corp0.49%
CME Group Inc0.46%
Southern Co/The0.46%
Duke Energy Corp0.44%
Emerson Electric Co0.43%
CSX Corp0.42%
General Dynamics Corp0.42%
Blackstone Inc0.41%
Waste Management Inc0.40%
Sherwin-Williams Co/The0.39%
Comcast Corp0.38%
Mondelez International Inc0.36%
EOG Resources Inc0.36%
Cigna Group/The0.35%
United Parcel Service Inc0.34%
T-Mobile US Inc0.34%
Illinois Tool Works Inc0.34%
Northrop Grumman Corp0.34%

Only in SUSA

150 securities, 73.9% of SUSA by weight

Apple6.93%
NVIDIA6.84%
Microsoft4.62%
Alphabet Class C2.65%
Broadcom Inc2.39%
Tesla Inc1.77%
Eli Lilly1.73%
Alphabet Class A1.45%
Advanced Micro Devices1.40%
Visa Class A1.38%
Hartford Insurance Group1.31%
Mastercard Class A1.11%
Ecolab1.06%
Cheniere Energy0.86%
Palo Alto Networks0.78%
Lam Research0.74%
Applied Material Inc0.72%
Equinix Reit0.70%
Steris0.67%
Prudential Financial Inc0.67%
Cummins Inc0.65%
Targa Resources0.64%
Oneok0.61%
Crh Public Limited PLC0.59%
Nisource0.59%
Kimberly Clark0.56%
Ww Grainger Inc0.56%
Edwards Lifesciences0.53%
Servicenow0.53%
Autodesk0.51%
Baker Hughes Class A0.50%
Intel Corporation0.49%
Expeditors International of Washin0.49%
Idexx Laboratories0.48%
Hilton Worldwide Holdings0.46%
Mettler Toledo0.46%
Digital Realty Trust Reit0.45%
Oracle0.44%
Arista Networks0.43%
Ge Vernova0.43%
Exelon Corp0.42%
Vertex Pharmaceuticals0.42%
State Street0.40%
Welltower0.40%
Cadence Design Systems0.40%
Veralto0.40%
Moodys Corp0.38%
Keysight Technologies0.38%
Netflix0.38%
Synopsys0.37%

Weight gaps

All 53 Holdings in both funds, largest gap first.

Holding weights in MGV and SUSA, widest gap first
Holding	More in MGVMore in SUSA	MGV	SUSA
Micron Technology IncMU	MGV +4.41 points	5.91%	1.50%
Caterpillar IncCAT	MGV +1.44 points	1.83%	0.39%
Costco Wholesale CorpCOST	MGV +1.23 points	1.99%	0.76%
Merck & Co IncMRK	MGV +1.22 points	1.76%	0.54%
Cisco Systems IncCSCO	MGV +1.16 points	1.88%	0.72%
Thermo Fisher Scientific IncTMO	MGV +1.10 points	1.23%	0.13%
General Electric CoGE	MGV +0.93 points	1.59%	0.66%
Coca-Cola Co/TheKO	MGV +0.90 points	1.64%	0.74%
Procter & Gamble Co/ThePG	MGV +0.84 points	1.66%	0.82%
Texas Instruments IncTXN	MGV +0.74 points	1.26%	0.52%
Amgen IncAMGN	MGV +0.71 points	1.12%	0.41%
Deere & CoDE	MGV +0.67 points	0.85%	0.18%
QUALCOMM IncQCOM	MGV +0.66 points	0.95%	0.29%
Dell Technologies IncDELL	MGV +0.62 points	0.77%	0.15%
Eaton Corp PLCETN	MGV +0.62 points	0.82%	0.20%
Linde PLCLIN	MGV +0.61 points	1.08%	0.47%
AT&T IncT	MGV +0.59 points	0.82%	0.23%
Bank of New York Mellon Corp/TheBNY	SUSA +0.55 points	0.48%	1.03%
Bristol-Myers Squibb CoBMY	MGV +0.54 points	0.63%	0.09%
Analog Devices IncADI	MGV +0.53 points	0.95%	0.42%
Union Pacific CorpUNP	MGV +0.47 points	0.79%	0.32%
Prologis IncPLD	MGV +0.45 points	0.61%	0.16%
International Business Machines CorpIBM	MGV +0.38 points	1.02%	0.64%
Parker-Hannifin CorpPH	MGV +0.36 points	0.59%	0.23%
Danaher CorpDHR	MGV +0.35 points	0.69%	0.34%
Home Depot Inc/TheHD	MGV +0.32 points	1.40%	1.08%
Verizon Communications IncVZ	MGV +0.32 points	0.94%	0.62%
Blackrock IncBLK	MGV +0.29 points	0.73%	0.44%
TJX Cos Inc/TheTJX	MGV +0.26 points	0.36%	0.10%
Travelers Cos Inc/TheTRV	SUSA +0.25 points	0.18%	0.43%
Intercontinental Exchange IncICE	MGV +0.24 points	0.42%	0.18%
Salesforce IncCRM	MGV +0.20 points	0.88%	0.68%
Marsh & McLennan Cos IncMRSH	MGV +0.19 points	0.40%	0.21%
Accenture PLCACN	MGV +0.16 points	0.55%	0.39%
S&P Global IncSPGI	SUSA +0.16 points	0.56%	0.72%
3M CoMMM	SUSA +0.13 points	0.42%	0.55%
Trane Technologies PLCTT	SUSA +0.11 points	0.49%	0.60%
Automatic Data Processing IncADP	SUSA +0.10 points	0.50%	0.60%
Intuit IncINTU	MGV +0.09 points	0.37%	0.28%
Johnson Controls International plcJCI	SUSA +0.08 points	0.22%	0.30%
US BancorpUSB	MGV +0.07 points	0.44%	0.36%
Adobe IncADBE	MGV +0.08 points	0.47%	0.39%
Lowe's Cos IncLOW	SUSA +0.06 points	0.51%	0.57%
Stryker CorpSYK	MGV +0.06 points	0.47%	0.41%
Elevance Health IncELV	SUSA +0.05 points	0.40%	0.45%
Regeneron Pharmaceuticals IncREGN	MGV +0.05 points	0.19%	0.14%
Progressive Corp/ThePGR	MGV +0.03 points	0.59%	0.56%
Morgan StanleyMS	SUSA +0.03 points	1.09%	1.12%
American Express CoAXP	MGV +0.03 points	0.76%	0.73%
American Tower CorpAMT	SUSA +0.02 points	0.38%	0.40%
Newmont CorpNEM	SUSA +0.01 points	0.30%	0.31%
PNC Financial Services Group Inc/ThePNC	MGV +0.01 points	0.44%	0.43%
Gilead Sciences IncGILD	MGV +0.01 points	0.91%	0.90%

All 127 MGV holdings⁠All 203 SUSA 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 SUSA Cost

Overpaying SUSA vs MGV

$4,099

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

MGV 0.05%
$1,060
SUSA 0.25%
$5,159

Amount$10,000

Years30 years

Cost over time

MGV 0.05%
SUSA 0.25%
Overpaying

Year by year

Year	MGV	SUSA	Overpaying
10	$92	$455	$363
20	$360	$1,769	$1,409
30	$1,060	$5,159	$4,099

Expense ratio

0.05%MGV, cheaper
0.25%SUSA

MGV0.05%SUSA0.25%

0.05%0.63%

Middle half of US Factor Index funds
Median 0.30%

MGV cheapest of 30 funds

SUSA 10th cheapest of 30 funds

MGV vs SUSA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): MGV 1.82%, better; SUSA 0.84%
Payout (12M): MGV $3.07; SUSA $1.30
Last payment: MGV $0.72; SUSA $0.34
Ex-dividend: MGV Sep 28, 2026; SUSA Sep 15, 2026
Paid on: MGV Sep 30, 2026; SUSA Sep 18, 2026
Frequency: MGV Quarterly; SUSA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

MGVQuarterly · 39 paymentsAll MGV payments⁠

SUSAQuarterly · 39 paymentsAll SUSA payments⁠

MGV vs SUSA Risk

Fall from peak · 5 years

MGV
SUSA

Risk facts

VolatilityStd dev, 3 years: MGV 11.1%, betterSUSA 12.9%
Return per unit of riskSharpe ratio, 3 years: MGV 1.48, betterSUSA 1.31
Worst fallMax drawdown, 5 years: MGV −16.5%, betterSUSA −28.2%
Market sensitivityBeta, 5 years: MGV 0.66SUSA 1.06; Market = 1

MGV and SUSA in the news

All news⁠

ETF Filings
iShares files for a screened MSCI USA ETF that omits ESG from the name
Sep 4, 2026SUSA

Popular comparisons

MGVAvsUSCAA
Vanguard Morningstar Mega Cap Value ETF · Xtrackers MSCI USA Climate Action Equity ETF
Expense ratio
0.05% · 0.07%
Category
SUSAAvsUSCAA
iShares ESG Optimized MSCI USA ETF · Xtrackers MSCI USA Climate Action Equity ETF
Expense ratio
0.25% · 0.07%
Category
MGVAvsSIZEA
Vanguard Morningstar Mega Cap Value ETF · iShares MSCI USA Size Factor ETF
Expense ratio
0.05% · 0.15%
Category
SUSAAvsSIZEA
iShares ESG Optimized MSCI USA ETF · iShares MSCI USA Size Factor ETF
Expense ratio
0.25% · 0.15%
Category
MGVAvsDXUVA
Vanguard Morningstar Mega Cap Value ETF · U.S. Vector Equity Portfolio ETF Class Shares
Expense ratio
0.05% · 0.25%
Category
SUSAAvsDXUVA
iShares ESG Optimized MSCI USA ETF · U.S. Vector Equity Portfolio ETF Class Shares
Expense ratio
0.25% · 0.25%
Category