The Vanguard Mega Cap Growth ETF (MGK) and Vanguard Russell 1000 Growth ETF (VONG) are both low-cost, passively managed funds from Vanguard focused on U.S. large-cap growth stocks. MGK has delivered a higher 1-year total return and a larger technology sector tilt, while VONG offers a slightly higher dividend yield and holds more stocks. Risk metrics favor VONG, with a milder maximum drawdown and lower beta over the past five years. Both funds have the same expense ratio of 0.07%, but VONG has a larger AUM of $44.6 billion compared to MGK’s $32.7 billion.

VONG tracks the Russell 1000 Growth Index, holding 391 stocks with a technology sector lead at 55% of total assets. Its top positions include Nvidia, Apple, and Microsoft. In contrast, MGK is more tech-heavy, with the sector making up 58% of total assets and holding just 66 names. While MGK has outperformed VONG over the past 12 months and five years, the difference is marginal. Going forward, MGK has the potential to outperform VONG if the tech sector continues thriving. Both funds offer exposure to tech stocks with potential for above-average returns.

Read more at Nasdaq: VONG vs. MGK: Is Diversified Growth or Mega-Cap Concentration Better for Investors?