Data as of Oct 28, 2026.
FDVV vs MGK: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDVV returned +13.5% to MGK's +7.8%; 23% of their weight is in the same names.
askIQ about this page
askIQ about FDVV and MGK
Net assets on Sep 30, 2026: $10.2bn for Fidelity High Dividend ETF and $34.9bn for Vanguard Morningstar Mega Cap Growth ETF.
Pair scorecard
MGK costs 0.10 points a year less; their one-year returns differ by 5.7 points; MGK is 3.4 times larger.
| Measure | FDVV | MGK |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | +7.8% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Fidelity High Dividend Index | Morningstar US Mega Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.05% |
| Net assets, as of Sep 30, 2026 | $10.2bn | $34.9bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 33.8% | 64.5% |
Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026. Method
Risk and return
Sep 23, 2016 to Oct 23, 2026 · 526 weekly returnsMGK returned more: +445.8% to +247.7%. FDVV swung less: 16.9% to 20.4%. MGK fell slightly less at its worst: −35.2% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDVV | MGK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +247.7% | +445.8% | MGK | Price change plus distributions, reinvested. |
| Annualized | +13.1% | +18.3% | MGK | Total return as a yearly rate. |
| Price return | +143.5% | +407.5% | MGK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.9% | 20.4% | FDVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.1% | 13.6% | FDVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −37.4% | −35.2% | MGK (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.67 | 0.80 | MGK | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 1.20 | MGK | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.35 | 0.52 | MGK | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 526 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDVV and MGK hold 23% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.
half
23% in common
Only in one fund ↓
Side by side
FDVV and MGK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDVV and MGK do different jobs. What does each one do in a portfolio?
- What each follows. FDVV follows Fidelity High Dividend Index and MGK follows Morningstar US Mega Cap Growth Index.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Jul 31, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FDVV returned +13.5% and MGK +7.8% with distributions reinvested, a gap of 5.7 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.
FDVV
FDVV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%.
MGK
MGK tracks an index of Mega Cap Growth. Over the year to Oct 28, 2026 it returned +7.8% 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 54 positions, with the top ten at 64.5%. It sat 4.4% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FDVV or MGK?
- In the year to Oct 28, 2026, with distributions reinvested, FDVV returned +13.5% and MGK +7.8%.
- Which is cheaper, FDVV or MGK?
- MGK 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.
Cite this pageCitation, APA and Markdown
ETFIQ, FDVV against MGK, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdvv-vs-mgk
ETFIQ. (Oct 28, 2026). FDVV against MGK. Retrieved from https://etfiq.com/compare/any/fdvv-vs-mgk
[FDVV against MGK (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdvv-vs-mgk)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.