Data as of Oct 28, 2026.

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IYW vs MGK: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYW returned +23.2% to MGK's +7.8%; 66% of their weight is in the same names.

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Net assets: $25.0bn on Oct 27, 2026 for iShares U.S. Technology ETF, and $34.9bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Growth ETF.

At a glance
+23.2%
IYW total return, 1 year
+7.8%
MGK total return, 1 year
0.37%
IYW expense ratio
0.05%
MGK expense ratio

Pair scorecard

MGK costs 0.32 points a year less; their one-year returns differ by 15.4 points; MGK is 1.3 times larger.

IYW vs MGK: Differences, Returns & Fees
MeasureIYWMGK
Return
Total return, 1 year+23.2%+7.8%
Drawdown
Below its high5.5%, high on Oct 6, 20264.4%, high on Oct 6, 2026
Benchmark
What it tracksRussell 1000 Technology RIC 22Morningstar US Mega Cap Growth Index
Cost and size
Expense ratio0.37%0.05%
Net assets, as of Sep 30, 2026$26.5bn$34.9bn
Holdings
Holdings in common66%
Top ten holdings, share of the fund65.1%64.5%

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 returns
IYW MGK
Return
Total return edge IYW +1,847.3% +1,024.1%
Annualized edge IYW +17.0% +13.7%
Price return edge IYW +1,612.4% +823.8%
Risk
Volatility edge MGK 22.2% 19.5%
Max drawdown edge Tie −47.3% −46.4%
Risk-adjusted
Sharpe edge IYW (slight) 0.76 0.68
Sortino edge IYW 1.13 1.00
Calmar edge IYW 0.36 0.30
Reading

IYW returned more: +1,847.3% to +1,024.1%. MGK swung less: 19.5% to 22.2%. IYW and MGK fell about the same at their worst: −47.3% and −46.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IYW vs MGK: Differences, Returns & Fees
MeasureIYWMGKEdgeHow it is measured
Return
Total return+1,847.3%+1,024.1%IYWPrice change plus distributions, reinvested.
Annualized+17.0%+13.7%IYWTotal return as a yearly rate.
Price return+1,612.4%+823.8%IYWPrice change alone, distributions left out.
Risk
Volatility22.2%19.5%MGKSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.8%13.3%MGKLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−47.3%−46.4%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.760.68IYW (slight)Return above Treasury bills per unit of volatility.
Sortino1.131.00IYWReturn above Treasury bills per unit of downside deviation.
Calmar0.360.30IYWAnnualized 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

66%

By the books each fund has filed, IYW and MGK hold 66% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

66% in common

Positions both hold · largest shared weight first IYW MGK
NVIDIA 16.81% 13.69%
APPLE 16.60% 12.53%
MICROSOFT 13.07% 9.46%
BROADCOM INC 3.14% 4.30%
ADVANCED MICRO DEVICES 3.04% 3.22%
META PLATFORMS CLASS A 3.02% 4.96%
ALPHABET CLASS A 2.38% 4.98%
ALPHABET CLASS C 1.92% 3.95%
INTEL CORPORATION 2.12% 1.87%
LAM RESEARCH 1.49% 1.45%
APPLIED MATERIAL INC 1.55% 1.45%
PALANTIR TECHNOLOGIES CLASS A 2.18% 1.45%
Only in one fund ↓
Only in IYW
MICRON TECHNOLOGY 2.73%
TEXAS INSTRUMENT 1.39%
INTERNATIONAL BUSINESS MACHINES CO 1.16%
ANALOG DEVICES 1.03%
QUALCOMM 0.96%
SALESFORCE 0.95%
DELL TECHNOLOGIES INC CLASS C 0.75%
CLOUDFLARE CLASS A 0.52%
Only in MGK
Amazon.com Inc 4.22%
Tesla Inc 3.14%
Eli Lilly & Co 3.11%
Visa Inc 1.85%
Mastercard Inc 1.48%
Netflix Inc 1.05%
GE Vernova Inc 0.97%
Arista Networks Inc 0.88%
Check overlap with more funds →

Side by side

IYW iShares U.S. Technology ETF MGK Vanguard Morningstar Mega Cap Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of U.S. Technology Tracks an index of Mega Cap Growth
Total return, 1 year +23.2% +7.8%
Its benchmark over the same days +13.1% (IWB) not measured
Gap to its benchmark +10.1 pts vs IWB not measured
Expense ratio 0.37% 0.05%
Already in the S&P 500 94.3% 99.0%
Holdings 150 54
Net assets, IYW as of Oct 27, 2026 and MGK as of Sep 30, 2026 $25.0bn $34.9bn

IYW and MGK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-D3CEFCE8D3

IYW and MGK do different jobs. What does each one do in a portfolio?

  1. What each follows. IYW follows Russell 1000 Technology RIC 22 and MGK follows Morningstar US Mega Cap Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 IYW returned +23.2% and MGK +7.8% with distributions reinvested, a gap of 15.4 points.
  3. Cost. IYW charges 0.37% of assets a year and MGK 0.05%, a gap of 0.32 points.

Data as of Oct 28, 2026.

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About each fund
IYW

IYW tracks an index of U.S. Technology. Over the year to Oct 28, 2026 it returned +23.2% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 150 positions, with the top ten at 65.1%. It sat 5.5% below its high of Oct 6, 2026 on Oct 28, 2026.

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, IYW or MGK?
In the year to Oct 28, 2026, with distributions reinvested, IYW returned +23.2% and MGK +7.8%.
Which is cheaper, IYW or MGK?
MGK is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYW and MGK overlap with the S&P 500?
By their latest filed holdings, 94% of IYW and 99% of MGK by weight is stocks the S&P 500 already holds.
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ETFIQ, IYW against MGK, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-mgk

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