Data as of Oct 28, 2026.
MGK vs PVAL: Differences, Returns & Fees
Over the year to Oct 28, 2026, MGK returned +7.8% to PVAL's +26.6%; 23% of their weight is in the same names.
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Net assets: $34.9bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Growth ETF, and $14.1bn on Aug 31, 2026 for Putnam Focused Large Cap Value ETF.
Pair scorecard
MGK costs 0.50 points a year less; their one-year returns differ by 18.8 points.
| Measure | MGK | PVAL |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | +26.6% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Morningstar US Mega Cap Growth Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.05% | 0.55% |
| Net assets, MGK as of Sep 30, 2026 and PVAL as of Aug 31, 2026 | $34.9bn | $14.1bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 64.5% | 42.8% |
Holdings in common uses holdings dated Aug 31, 2026 and Sep 30, 2026. Method
What they share
By the books each fund has filed, MGK and PVAL hold 23% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Sep 30, 2026.
half
23% in common
Only in one fund ↓
Side by side
MGK and PVAL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MGK and PVAL do different jobs. What does each one do in a portfolio?
- What each follows. MGK follows Morningstar US Mega Cap Growth Index and PVAL follows No index, actively managed.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Sep 30, 2026 and Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MGK returned +7.8% and PVAL +26.6% with distributions reinvested, a gap of 18.8 points.
Data as of Oct 28, 2026.
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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.
Over the year to Oct 28, 2026 it returned +26.6% with distributions reinvested, against +27.5% for its benchmark, the Russell 1000 Value Index.
PVAL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Aug 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 44 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, MGK or PVAL?
- In the year to Oct 28, 2026, with distributions reinvested, MGK returned +7.8% and PVAL +26.6%.
- Which is cheaper, MGK or PVAL?
- MGK is cheaper, by 0.50 percentage points a year. That is about $50 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, MGK against PVAL, data as of Oct 28, 2026. https://etfiq.com/compare/any/mgk-vs-pval
ETFIQ. (Oct 28, 2026). MGK against PVAL. Retrieved from https://etfiq.com/compare/any/mgk-vs-pval
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