MGC vs USMV: Differences, Returns & Fees
MGC and USMV hold 37% of their weight in the same names, and MGC returned +18.0% over the year. Net assets: $10.3bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap ETF, and $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF.
MGC costs 0.10 points a year less; their one-year returns differ by 10.5 points; USMV is 2.2 times larger.
| MGC | USMV | |
|---|---|---|
| Expense ratio | 0.05% | 0.15% |
| Net assets, as of Sep 30, 2026 | $10.3bn | $23.2bn |
| Total return, 1 year | +18.0% | +7.5% |
| What it tracks | CRSP US Mega Cap Index | MSCI USA Minimum Volatility (USD) Index |
| Holdings in common | 37% | |
| Top ten holdings, share of the fund | 45.4% | 15.1% |
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 USMV hold 37% 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
37% in common
On the same fields
MGC and USMV 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 USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, MGC or USMV?
- In the year to Oct 9, 2026, with distributions reinvested, MGC returned +18.0% and USMV +7.5%.
- Which is cheaper, MGC or USMV?
- MGC 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.
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 USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/mgc-vs-usmv
ETFIQ. (Oct 9, 2026). MGC against USMV. Retrieved from https://etfiq.com/compare/any/mgc-vs-usmv
[MGC against USMV (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/mgc-vs-usmv)
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