AVLV vs MGV: Differences, Returns & Fees
AVLV and MGV hold 27% of their weight in the same names, and AVLV returned +29.7% over the year. Net assets: $21.9bn on Oct 9, 2026 for Avantis U.S. Large Cap Value ETF, and $13.5bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Value ETF.
MGV costs 0.10 points a year less; their one-year returns differ by 8.2 points.
| AVLV | MGV | |
|---|---|---|
| Expense ratio | 0.15% | 0.05% |
| Net assets, as of May 31, 2026 | $12.9bn | $12.7bn |
| Total return, 1 year | +29.7% | +21.5% |
| What it tracks | No index, actively managed | CRSP U.S. Mega Cap Value Index |
| Holdings in common | 27% | |
| Top ten holdings, share of the fund | 27.0% | 28.5% |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 8, 2026.
What they hold in common
By the books each fund has filed, AVLV and MGV hold 27% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 8, 2026.
half
27% in common
On the same fields
AVLV and MGV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About AVLV
AVLV is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +29.7% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 308 positions, with the top ten at 27.0%.
About MGV
MGV tracks an index. Over the year to Oct 9, 2026 it returned +21.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 28.5%.
Questions people ask
- Which returned more over the last year, AVLV or MGV?
- In the year to Oct 9, 2026, with distributions reinvested, AVLV returned +29.7% and MGV +21.5%.
- Which is cheaper, AVLV or MGV?
- MGV 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.
Cite this pageCitation, APA and Markdown
ETFIQ, AVLV against MGV, data as of Oct 9, 2026. https://etfiq.com/compare/any/avlv-vs-mgv
ETFIQ. (Oct 9, 2026). AVLV against MGV. Retrieved from https://etfiq.com/compare/any/avlv-vs-mgv
[AVLV against MGV (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/avlv-vs-mgv)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.