Data as of Oct 28, 2026.
MGK vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, MGK returned +7.8% to QQQ's +15.2%; 62% 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 $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
MGK costs 0.13 points a year less; their one-year returns differ by 7.4 points.
| Measure | MGK | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | +15.2% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | 4.5%, high on Oct 6, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Mega Cap Growth Index | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.18% |
| Net assets, MGK as of Sep 30, 2026 and QQQ as of Oct 27, 2026 | $34.9bn | $483.0bn |
| Holdings | ||
| Holdings in common | 62% | |
| Top ten holdings, share of the fund | 64.5% | 46.7% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Jan 4, 2008 to Oct 23, 2026 · 981 weekly returnsQQQ returned more: +1,593.6% to +1,024.1%. MGK swung slightly less: 19.5% to 20.4%. MGK and QQQ fell about the same at their worst: −46.4% and −47.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MGK | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,024.1% | +1,593.6% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +13.7% | +16.2% | QQQ | Total return as a yearly rate. |
| Price return | +823.8% | +1,355.4% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 20.4% | MGK (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 13.8% | MGK (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −46.4% | −47.3% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.77 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.00 | 1.13 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.34 | QQQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 981 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, MGK and QQQ hold 62% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
62% in common
Only in one fund ↓
Side by side
MGK and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MGK and QQQ 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 QQQ follows Nasdaq-100 Index.
- One-year total return. Over 1 year to Oct 28, 2026 MGK returned +7.8% and QQQ +15.2% with distributions reinvested, a gap of 7.4 points.
- Cost. MGK charges 0.05% of assets a year and QQQ 0.18%, a gap of 0.13 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.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MGK or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, MGK returned +7.8% and QQQ +15.2%.
- Which is cheaper, MGK or QQQ?
- MGK is cheaper, by 0.13 percentage points a year. That is about $13 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 QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/mgk-vs-qqq
ETFIQ. (Oct 28, 2026). MGK against QQQ. Retrieved from https://etfiq.com/compare/any/mgk-vs-qqq
[MGK against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mgk-vs-qqq)
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