Data as of Oct 28, 2026.
FNDX vs MGK: Differences, Returns & Fees
Over the year to Oct 28, 2026, FNDX returned +23.9% to MGK's +7.8%; 21% of their weight is in the same names.
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Net assets: $27.6bn on Aug 31, 2026 for Schwab Fundamental U.S. Large Company ETF, and $34.9bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Growth ETF.
Pair scorecard
MGK costs 0.20 points a year less; their one-year returns differ by 16.1 points.
| Measure | FNDX | MGK |
|---|---|---|
| Return | ||
| Total return, 1 year | +23.9% | +7.8% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Fundamental U.S. Large Company | Morningstar US Mega Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.25% | 0.05% |
| Net assets, FNDX as of Aug 31, 2026 and MGK as of Sep 30, 2026 | $27.6bn | $34.9bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 21.0% | 64.5% |
Holdings in common uses holdings dated Aug 31, 2026 and Sep 30, 2026. Method
Risk and return
Aug 23, 2013 to Oct 23, 2026 · 687 weekly returnsMGK returned more: +686.9% to +418.7%. FNDX swung less: 15.9% to 18.9%. FNDX and MGK fell about the same at their worst: −35.2% and −35.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FNDX | MGK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +418.7% | +686.9% | MGK | Price change plus distributions, reinvested. |
| Annualized | +13.3% | +16.9% | MGK | Total return as a yearly rate. |
| Price return | +298.9% | +598.6% | MGK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 18.9% | FNDX | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.2% | 12.6% | FNDX | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.2% | −35.2% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.74 | 0.82 | MGK (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.05 | 1.23 | MGK | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.48 | MGK | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 687 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FNDX and MGK hold 21% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Sep 30, 2026.
half
21% in common
Only in one fund ↓
Side by side
FNDX and MGK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FNDX and MGK do different jobs. What does each one do in a portfolio?
- What each follows. FNDX follows Fundamental U.S. Large Company and MGK follows Morningstar US Mega Cap Growth Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Aug 31, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FNDX returned +23.9% and MGK +7.8% with distributions reinvested, a gap of 16.1 points.
Data as of Oct 28, 2026.
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Over the year to Oct 28, 2026 it returned +23.9% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index.
FNDX tracks an index of Fundamental U.S. Large Company. The prospectus expense ratio is 0.25% a year. By its holdings filed for Aug 31, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 731 positions, with the top ten at 21.0%.
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, FNDX or MGK?
- In the year to Oct 28, 2026, with distributions reinvested, FNDX returned +23.9% and MGK +7.8%.
- Which is cheaper, FNDX or MGK?
- MGK 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.
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ETFIQ, FNDX against MGK, data as of Oct 28, 2026. https://etfiq.com/compare/any/fndx-vs-mgk
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