FNDX vs MGV: Differences, Returns & Fees
FNDX and MGV hold 40% of their weight in the same names, and FNDX returned +24.4% over the year. Net assets: $25.5bn on May 31, 2026 for Schwab Fundamental U.S. Large Company ETF, and $13.5bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Value ETF.
MGV costs 0.20 points a year less; their one-year returns differ by 2.9 points; FNDX is 2.0 times larger.
| FNDX | MGV | |
|---|---|---|
| Expense ratio | 0.25% | 0.05% |
| Net assets, as of May 31, 2026 | $25.5bn | $12.7bn |
| Total return, 1 year | +24.4% | +21.5% |
| What it tracks | Fundamental U.S. Large Company | CRSP U.S. Mega Cap Value Index |
| Holdings in common | 40% | |
| Top ten holdings, share of the fund | 22.4% | 28.5% |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026.
What they hold in common
By the books each fund has filed, FNDX and MGV hold 40% 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 May 31, 2026 and Aug 31, 2026.
half
40% in common
On the same fields
FNDX and MGV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About FNDX
FNDX tracks an index of Fundamental U.S. Large Company. Over the year to Oct 9, 2026 it returned +24.4% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.4%.
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, FNDX or MGV?
- In the year to Oct 9, 2026, with distributions reinvested, FNDX returned +24.4% and MGV +21.5%.
- Which is cheaper, FNDX 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.
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.
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ETFIQ, FNDX against MGV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fndx-vs-mgv
ETFIQ. (Oct 9, 2026). FNDX against MGV. Retrieved from https://etfiq.com/compare/any/fndx-vs-mgv
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