Data as of Oct 28, 2026.
MGK vs SPHQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, MGK returned +7.8% to SPHQ's +14.1%; 21% of their weight is in the same names.
askIQ about this page
askIQ about MGK and SPHQ
Net assets: $34.9bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Growth ETF, and $18.7bn on Oct 27, 2026 for Invesco S&P 500 Quality ETF.
Pair scorecard
MGK costs 0.10 points a year less; their one-year returns differ by 6.3 points.
| Measure | MGK | SPHQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +7.8% | +14.1% |
| Drawdown | ||
| Below its high | 4.4%, high on Oct 6, 2026 | 6.4%, high on Jun 30, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Mega Cap Growth Index | S&P 500 Quality Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.15% |
| Net assets, MGK as of Sep 30, 2026 and SPHQ as of Oct 27, 2026 | $34.9bn | $18.7bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 64.5% | 43.3% |
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 returnsMGK returned more: +1,024.1% to +512.0%. SPHQ swung slightly less: 17.7% to 19.5%. MGK fell less at its worst: −46.4% to −53.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | MGK | SPHQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,024.1% | +512.0% | MGK | Price change plus distributions, reinvested. |
| Annualized | +13.7% | +10.1% | MGK | Total return as a yearly rate. |
| Price return | +823.8% | +366.3% | MGK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.5% | 17.7% | SPHQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 12.8% | SPHQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −46.4% | −53.3% | MGK | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.68 | 0.55 | MGK | Return above Treasury bills per unit of volatility. |
| Sortino | 1.00 | 0.76 | MGK | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.19 | MGK | 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 SPHQ hold 21% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
21% in common
Only in one fund ↓
Side by side
MGK and SPHQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
MGK and SPHQ do different jobs. What does each one do in a portfolio?
- What each follows. MGK follows Morningstar US Mega Cap Growth Index and SPHQ follows S&P 500 Quality Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 MGK returned +7.8% and SPHQ +14.1% with distributions reinvested, a gap of 6.3 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
SPHQ
SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, MGK or SPHQ?
- In the year to Oct 28, 2026, with distributions reinvested, MGK returned +7.8% and SPHQ +14.1%.
- Which is cheaper, MGK or SPHQ?
- MGK 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.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, MGK against SPHQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/mgk-vs-sphq
ETFIQ. (Oct 28, 2026). MGK against SPHQ. Retrieved from https://etfiq.com/compare/any/mgk-vs-sphq
[MGK against SPHQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/mgk-vs-sphq)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.