Data as of Oct 28, 2026.
EQWL vs MGV: Differences, Returns & Fees
Over the year to Oct 28, 2026, EQWL returned +15.1% to MGV's +23.9%; 56% of their weight is in the same names.
askIQ about this page
askIQ about EQWL and MGV
Net assets: $2.8bn on Oct 27, 2026 for Invesco S&P 100 Equal Weight ETF, and $13.5bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Value ETF.
Pair scorecard
MGV costs 0.20 points a year less; their one-year returns differ by 8.8 points.
| Measure | EQWL | MGV |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.1% | +23.9% |
| Benchmark | ||
| What it tracks | S&P 100 Equal Weight Index | Morningstar US Mega Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.05% |
| Net assets, EQWL as of Oct 27, 2026 and MGV as of Sep 30, 2026 | $2.8bn | $13.5bn |
| Holdings | ||
| Holdings in common | 56% | |
| Top ten holdings, share of the fund | 11.9% | 30.4% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Jan 4, 2008 to Oct 23, 2026 · 981 weekly returnsEQWL returned more: +599.9% to +460.0%. EQWL swung slightly less: 17.1% to 17.8%. EQWL fell less at its worst: −46.0% to −53.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EQWL | MGV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +599.9% | +460.0% | EQWL | Price change plus distributions, reinvested. |
| Annualized | +10.9% | +9.6% | EQWL | Total return as a yearly rate. |
| Price return | +388.9% | +244.4% | EQWL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.1% | 17.8% | EQWL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 12.7% | EQWL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −46.0% | −53.8% | EQWL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.61 | 0.52 | EQWL | Return above Treasury bills per unit of volatility. |
| Sortino | 0.85 | 0.73 | EQWL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.24 | 0.18 | EQWL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 981 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EQWL and MGV hold 56% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
56% in common
Only in one fund ↓
Side by side
EQWL and MGV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EQWL and MGV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. EQWL follows S&P 100 Equal Weight Index and MGV follows Morningstar US Mega Cap Value Index.
- One-year total return. Over 1 year to Oct 28, 2026 EQWL returned +15.1% and MGV +23.9% with distributions reinvested, a gap of 8.8 points.
- Cost. EQWL charges 0.25% of assets a year and MGV 0.05%, a gap of 0.20 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
EQWL
EQWL tracks an index. Over the year to Oct 28, 2026 it returned +15.1% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 11.9%.
MGV
MGV tracks an index. Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 117 positions, with the top ten at 30.4%.
Questions people ask
- Which returned more over the last year, EQWL or MGV?
- In the year to Oct 28, 2026, with distributions reinvested, EQWL returned +15.1% and MGV +23.9%.
- Which is cheaper, EQWL or MGV?
- MGV is cheaper, by 0.20 percentage points a year. That is about $20 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.
Cite this pageCitation, APA and Markdown
ETFIQ, EQWL against MGV, data as of Oct 28, 2026. https://etfiq.com/compare/any/eqwl-vs-mgv
ETFIQ. (Oct 28, 2026). EQWL against MGV. Retrieved from https://etfiq.com/compare/any/eqwl-vs-mgv
[EQWL against MGV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/eqwl-vs-mgv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.