MGC vs SPMO: Differences, Returns & Fees
MGC and SPMO hold 34% of their weight in the same names, and SPMO returned +25.1% over the year. Net assets: $10.3bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap ETF, and $23.3bn on Oct 9, 2026 for Invesco S&P 500 Momentum ETF.
MGC costs 0.08 points a year less; their one-year returns differ by 7.1 points; SPMO is 1.8 times larger.
| MGC | SPMO | |
|---|---|---|
| Expense ratio | 0.05% | 0.13% |
| Net assets, as of May 31, 2026 | $10.8bn | $19.9bn |
| Total return, 1 year | +18.0% | +25.1% |
| What it tracks | CRSP US Mega Cap Index | S&P 500 Momentum Index |
| Holdings in common | 34% | |
| Holdings dated | Aug 31, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 45.4% | 50.9% |
| Below its high | 6.3%, high on Jun 22, 2026 | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, MGC and SPMO hold 34% 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 Aug 31, 2026 and Oct 9, 2026.
half
34% in common
On the same fields
MGC and SPMO on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About MGC
MGC tracks an index. Over the year to Oct 9, 2026 it returned +18.0% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 174 positions, with the top ten at 45.4%.
About SPMO
SPMO tracks the S&P 500 Momentum. Over the year to Oct 9, 2026 it returned +25.1% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 50.9%. It sat 6.3% below its high of Jun 22, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, MGC or SPMO?
- In the year to Oct 9, 2026, with distributions reinvested, MGC returned +18.0% and SPMO +25.1%.
- Which is cheaper, MGC or SPMO?
- MGC is cheaper, by 0.08 percentage points a year. That is about $8 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, MGC against SPMO, data as of Oct 9, 2026. https://etfiq.com/compare/any/mgc-vs-spmo
ETFIQ. (Oct 9, 2026). MGC against SPMO. Retrieved from https://etfiq.com/compare/any/mgc-vs-spmo
[MGC against SPMO (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/mgc-vs-spmo)
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