What is the expense ratio of MGK vs SCHG?

MGK has an expense ratio of 0.05%, while SCHG has an expense ratio of 0.04%.

MGK vs SCHG

Vanguard Mega Cap Growth Index Fund vs Schwab U.S. Large-Cap Growth ETF

Last updated: 2026-04-02

Vanguard Mega Cap Growth Index Fund (MGK) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.05%. The fund offers a modest dividend yield of 0.39%. Launched in 2007, the fund has a 19-year track record.

AUM: $26.8B ER: 0.05% Yield: 0.39% Since: Dec 17, 2007

SCHG Schwab

Schwab U.S. Large-Cap Growth ETF (SCHG) is an exchange-traded fund issued by Schwab that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.43%. Launched in 2009, the fund has a 17-year track record.

AUM: $46.7B ER: 0.04% Yield: 0.43% Since: Dec 11, 2009

Quick Verdict

Both funds have nearly identical expense ratios (0.04% vs 0.05%), so fees are not a differentiator here. MGK has edged ahead over the past year (19.4% vs 16.5%).

Key Metrics

Metric	MGK	SCHG
Expense Ratio	0.05%	0.04%
Dividend Yield	0.4%	0.4%
Fund Family	N/A	Schwab
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

MGK +73.1%

SCHG +75.0%

Performance Comparison

Period	MGK	SCHG	Difference
1 Month	-4.21%	-4.57%	+0.36%
3 Months	-9.52%	-9.51%	-0.01%
6 Months	-7.91%	-8.35%	+0.44%
YTD	-9.52%	-9.51%	-0.01%
1 Year	+19.39%	+16.52%	+2.87%
3 Years	+81.85%	+80.24%	+1.61%
5 Years	+73.14%	+74.98%	-1.84%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	MGK Fees	SCHG Fees	You Save
$10.000	10 years	$100	$80	$20
$10.000	20 years	$430	$344	$86
$10.000	30 years	$1.388	$1.112	$276
$50.000	10 years	$499	$399	$100
$50.000	30 years	$6.941	$5.560	$1.381
$100.000	30 years	$13.882	$11.121	$2.762

Risk Metrics

Based on 5 years of daily returns

Metric	MGK	SCHG
Annualized Volatility	22.6%	22.3%
Max Drawdown	-36.4%	-35.0%
Sharpe Ratio	0.40	0.41

Dividend Comparison

Metric	MGK	SCHG
Annual Dividend (per share)	$1.43	$0.13
Dividend Yield	0.39%	0.43%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

9 of top 9 holdings overlap (100% overlap in top holdings)

MGK Top Holdings

Name	Weight
NVIDIA CorporationNVDA	13.12%
Apple Inc.AAPL	12.49%
Microsoft CorporationMSFT	9.18%
Meta Platforms, Inc.META	4.66%
Alphabet Inc.GOOG	4.46%
Amazon.com, Inc.AMZN	4.43%
Tesla, Inc.TSLA	4.26%
Broadcom Inc.AVGO	3.97%
Eli Lilly and CompanyLLY	3.42%

SCHG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	11.56%
Apple Inc.AAPL	10.37%
Microsoft CorporationMSFT	7.52%
Amazon.com, Inc.AMZN	5.53%
Broadcom Inc.AVGO	4.05%
Tesla, Inc.TSLA	3.81%
Alphabet Inc.GOOG	3.63%
Meta Platforms, Inc.META	3.37%
Eli Lilly and CompanyLLY	2.85%

Which One Should You Choose?

Choose MGK if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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