Data as of Oct 28, 2026.
AVLV vs MGC: Differences, Returns & Fees
Over the year to Oct 28, 2026, AVLV returned +29.6% to MGC's +13.4%; 28% of their weight is in the same names.
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Net assets: $22.4bn on Oct 27, 2026 for Avantis U.S. Large Cap Value ETF, and $10.3bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap ETF.
Pair scorecard
MGC costs 0.10 points a year less; their one-year returns differ by 16.2 points.
| Measure | AVLV | MGC |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.6% | +13.4% |
| Benchmark | ||
| What it tracks | No index, actively managed | Morningstar US Mega Cap Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.05% |
| Net assets, AVLV as of Oct 27, 2026 and MGC as of Sep 30, 2026 | $22.4bn | $10.3bn |
| Holdings | ||
| Holdings in common | 28% | |
| Top ten holdings, share of the fund | 26.8% | 46.8% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 1, 2021 to Oct 23, 2026 · 264 weekly returnsAVLV returned slightly more: +100.3% to +93.1%. AVLV swung slightly less: 16.0% to 16.7%. AVLV fell less at its worst: −18.3% to −24.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AVLV | MGC | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +100.3% | +93.1% | AVLV (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.7% | +13.8% | AVLV (slight) | Total return as a yearly rate. |
| Price return | +84.5% | +81.1% | AVLV (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.0% | 16.7% | AVLV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.2% | 11.1% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.3% | −24.9% | AVLV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.69 | 0.63 | AVLV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.99 | 0.95 | AVLV (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.80 | 0.56 | AVLV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 264 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AVLV and MGC hold 28% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
28% in common
Only in one fund ↓
Side by side
AVLV and MGC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
AVLV and MGC do different jobs. What does each one do in a portfolio?
- What each follows. AVLV follows No index, actively managed and MGC follows Morningstar US Mega Cap Index.
- Holdings in common. 28% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 AVLV returned +29.6% and MGC +13.4% with distributions reinvested, a gap of 16.2 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +29.6% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value.
AVLV is actively managed and tracks no index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 298 positions, with the top ten at 26.8%.
MGC
MGC tracks an index. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 167 positions, with the top ten at 46.8%.
Questions people ask
- Which returned more over the last year, AVLV or MGC?
- In the year to Oct 28, 2026, with distributions reinvested, AVLV returned +29.6% and MGC +13.4%.
- Which is cheaper, AVLV or MGC?
- MGC is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, AVLV against MGC, data as of Oct 28, 2026. https://etfiq.com/compare/any/avlv-vs-mgc
ETFIQ. (Oct 28, 2026). AVLV against MGC. Retrieved from https://etfiq.com/compare/any/avlv-vs-mgc
[AVLV against MGC (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/avlv-vs-mgc)
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