MGC vs RSP
Vanguard Mega Cap Index Fund vs Invesco S&P 500 Equal Weight ETF
Last updated: 2026-04-02
Vanguard Mega Cap Index Fund (MGC) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.05%. The fund offers a moderate dividend yield of 1.01%. Launched in 2007, the fund has a 19-year track record.
Invesco S&P 500 Equal Weight ETF (RSP) is an exchange-traded fund issued by Invesco that provides exposure to large-cap U.S. equities across growth and value styles. It charges a moderate expense ratio of 0.20%. The fund offers a moderate dividend yield of 1.62%. Launched in 2003, the fund has a 23-year track record.
Quick Verdict
MGC is significantly cheaper at 0.05% vs 0.20% expense ratio, saving you approximately $297 per $10,000 invested over 10 years. Over the past year, MGC has significantly outperformed with a 17.8% return vs 11.0%. Income investors may prefer RSP for its higher yield (1.6% vs 1.0%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 9 holdings overlap (0% overlap in top holdings)
MGC Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 8.53% |
| Apple Inc.AAPL | 8.14% |
| Microsoft CorporationMSFT | 6.09% |
| Amazon.com, Inc.AMZN | 4.22% |
| Broadcom Inc.AVGO | 3.15% |
| Alphabet Inc.GOOG | 2.99% |
| Meta Platforms, Inc.META | 2.95% |
| Tesla, Inc.TSLA | 2.37% |
| Eli Lilly and CompanyLLY | 1.87% |
RSP Top Holdings
| Name | Weight |
|---|---|
| APA CorporationAPA | 0.28% |
| LyondellBasell Industries N.V.LYB | 0.25% |
| Dow Inc.DOW | 0.25% |
| Occidental Petroleum CorporationOXY | 0.25% |
| CF Industries Holdings, Inc.CF | 0.24% |
| Coterra Energy Inc.CTRA | 0.24% |
| Devon Energy CorporationDVN | 0.24% |
| ConocoPhillipsCOP | 0.24% |
| EOG Resources, Inc.EOG | 0.24% |
| Exxon Mobil CorporationXOM | 0.24% |
Which One Should You Choose?
Choose MGC if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose MGC if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose RSP if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us large cap blend exposure. Both are solid options — pick whichever your brokerage offers commission-free.