MGK vs QQEW: Differences, Returns & Fees
MGK and QQEW hold 27% 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 $1.8bn on Oct 20, 2026 for First Trust Nasdaq-100 Select Equal Weight ETF.
MGK costs 0.50 points a year less; their one-year returns differ by 2.0 points.
| MGK | QQEW | |
|---|---|---|
| Expense ratio | 0.05% | 0.55% |
| Net assets, MGK as of Sep 30, 2026 and QQEW as of Oct 20, 2026 | $34.9bn | $1.8bn |
| Total return, 1 year | +11.9% | +9.9% |
| What it tracks | Morningstar US Mega Cap Growth Index | Nasdaq-100 Select Equal Weight Index |
| Holdings in common | 27% | |
| Top ten holdings, share of the fund | 64.5% | 23.1% |
| Below its high | 4.5%, high on Oct 6, 2026 | 5.8%, high on Aug 13, 2026 |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 19, 2026.
MGK and QQEW 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 QQEW follows Nasdaq-100 Select Equal Weight Index.
- Holdings in common. 27% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 MGK returned +11.9% and QQEW +9.9% with distributions reinvested, a gap of 2.0 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 QQEW hold 27% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 19, 2026.
half
27% in common
On the same fields
MGK and QQEW 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 QQEW
QQEW tracks an index. Over the year to Oct 20, 2026 it returned +9.9% with distributions reinvested, against +15.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 23.1%. It sat 5.8% below its high of Aug 13, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, MGK or QQEW?
- In the year to Oct 20, 2026, with distributions reinvested, MGK returned +11.9% and QQEW +9.9%.
- Which is cheaper, MGK or QQEW?
- 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.
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 QQEW, data as of Oct 20, 2026. https://etfiq.com/compare/any/mgk-vs-qqew
ETFIQ. (Oct 20, 2026). MGK against QQEW. Retrieved from https://etfiq.com/compare/any/mgk-vs-qqew
[MGK against QQEW (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/mgk-vs-qqew)
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