MGK vs TGRW: Differences, Returns & Fees
MGK and TGRW hold 64% 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 $1.2bn on Oct 20, 2026 for T. Rowe Price Growth Stock ETF.
MGK costs 0.47 points a year less; their one-year returns differ by 9.3 points.
| MGK | TGRW | |
|---|---|---|
| Expense ratio | 0.05% | 0.52% |
| Net assets, MGK as of Sep 30, 2026 and TGRW as of Oct 20, 2026 | $34.9bn | $1.2bn |
| Total return, 1 year | +11.9% | +2.6% |
| What it tracks | Morningstar US Mega Cap Growth Index | No index, actively managed |
| Holdings in common | 64% | |
| Top ten holdings, share of the fund | 64.5% | 58.8% |
| Below its high | 4.5%, high on Oct 6, 2026 | 5.5%, high on Oct 6, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Sep 30, 2026.
MGK and TGRW 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 TGRW follows No index, actively managed.
- One-year total return. Over 1 year to Oct 20, 2026 MGK returned +11.9% and TGRW +2.6% with distributions reinvested, a gap of 9.3 points.
- Cost. MGK charges 0.05% of assets a year and TGRW 0.52%, a gap of 0.47 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 TGRW hold 64% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Sep 30, 2026.
half
64% in common
On the same fields
MGK and TGRW 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 TGRW
TGRW is actively managed and tracks no index. The prospectus expense ratio is 0.52% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 80 positions, with the top ten at 58.8%. It sat 5.5% below its high of Oct 6, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +2.6% with distributions reinvested, against +4.0% for its benchmark, the Russell 1000 Growth Index.
Questions people ask
- Which returned more over the last year, MGK or TGRW?
- In the year to Oct 20, 2026, with distributions reinvested, MGK returned +11.9% and TGRW +2.6%.
- Which is cheaper, MGK or TGRW?
- MGK is cheaper, by 0.47 percentage points a year. That is about $47 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 TGRW, data as of Oct 20, 2026. https://etfiq.com/compare/any/mgk-vs-tgrw
ETFIQ. (Oct 20, 2026). MGK against TGRW. Retrieved from https://etfiq.com/compare/any/mgk-vs-tgrw
[MGK against TGRW (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/mgk-vs-tgrw)
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