MGV vs SPHD: Differences, Returns & Fees
MGV and SPHD hold 11% of their weight in the same names, and MGV returned +21.5% over the year. Net assets: $13.5bn on Sep 30, 2026 for Vanguard Morningstar Mega Cap Value ETF, and $3.2bn on Oct 9, 2026 for Invesco S&P 500 High Dividend Low Volatility ETF.
MGV costs 0.25 points a year less; their one-year returns differ by 15.9 points; MGV is 3.9 times larger.
| MGV | SPHD | |
|---|---|---|
| Expense ratio | 0.05% | 0.30% |
| Net assets, as of May 31, 2026 | $12.7bn | $3.2bn |
| Total return, 1 year | +21.5% | +5.6% |
| What it tracks | CRSP U.S. Mega Cap Value Index | S&P 500 Low Volatility High Dividend Index |
| Holdings in common | 11% | |
| Holdings dated | Aug 31, 2026 | Oct 10, 2026 |
| Top ten holdings, share of the fund | 28.5% | 28.2% |
| Below its high | 8.4%, high on Aug 24, 2026 | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, MGV and SPHD hold 11% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 9, 2026.
half
11% in common
On the same fields
MGV and SPHD on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About MGV
MGV tracks an index. Over the year to Oct 9, 2026 it returned +21.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 28.5%.
About SPHD
SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 9, 2026 it returned +5.6% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 8.4% below its high of Aug 24, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, MGV or SPHD?
- In the year to Oct 9, 2026, with distributions reinvested, MGV returned +21.5% and SPHD +5.6%.
- Which is cheaper, MGV or SPHD?
- MGV is cheaper, by 0.25 percentage points a year. That is about $25 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, MGV against SPHD, data as of Oct 9, 2026. https://etfiq.com/compare/any/mgv-vs-sphd
ETFIQ. (Oct 9, 2026). MGV against SPHD. Retrieved from https://etfiq.com/compare/any/mgv-vs-sphd
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