MGK vs PWRD: Differences, Returns & Fees
MGK and PWRD hold 9% of their weight in the same names, and MGK returned +11.9% over the year. Net assets: $34.9bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Growth ETF, and $1.5bn on Jul 31, 2026 for TCW Transform Systems ETF.
MGK costs 0.70 points a year less; their one-year returns differ by 13.1 points.
| MGK | PWRD | |
|---|---|---|
| Expense ratio | 0.05% | 0.75% |
| Net assets, MGK as of Sep 30, 2026 and PWRD as of Jul 31, 2026 | $34.9bn | $1.5bn |
| Total return, 1 year | +11.9% | −1.2% |
| What it tracks | Morningstar US Mega Cap Growth Index | No index, actively managed |
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 64.5% | 52.0% |
| Below its high | 4.5%, high on Oct 6, 2026 | 20.1%, high on Jun 30, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026.
MGK and PWRD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. MGK follows Morningstar US Mega Cap Growth Index and PWRD follows No index, actively managed.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Sep 30, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 MGK returned +11.9% and PWRD −1.2% with distributions reinvested, a gap of 13.1 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, MGK and PWRD hold 9% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.
half
9% in common
On the same fields
MGK and PWRD on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About MGK
MGK tracks an index of Mega Cap Growth. Over the year to Oct 20, 2026 it returned +11.9% 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 4.5% below its high of Oct 6, 2026 on Oct 20, 2026.
About PWRD
PWRD is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jul 31, 2026, 57% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 52.0%. It sat 20.1% below its high of Jun 30, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, MGK or PWRD?
- In the year to Oct 20, 2026, with distributions reinvested, MGK returned +11.9% and PWRD −1.2%.
- Which is cheaper, MGK or PWRD?
- MGK is cheaper, by 0.70 percentage points a year. That is about $70 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, MGK against PWRD, data as of Oct 20, 2026. https://etfiq.com/compare/any/mgk-vs-pwrd
ETFIQ. (Oct 20, 2026). MGK against PWRD. Retrieved from https://etfiq.com/compare/any/mgk-vs-pwrd
[MGK against PWRD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/mgk-vs-pwrd)
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