MGV vs SPYD: Differences, Returns & Fees
MGV and SPYD 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 $7.1bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 High Dividend ETF.
MGV costs 0.02 points a year less; their one-year returns differ by 11.1 points; MGV is 1.9 times larger.
| MGV | SPYD | |
|---|---|---|
| Expense ratio | 0.05% | 0.07% |
| Net assets, as of Sep 30, 2026 | $13.5bn | $7.1bn |
| Total return, 1 year | +21.5% | +10.4% |
| What it tracks | CRSP U.S. Mega Cap Value Index | S&P 500 High Dividend Index ? |
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 28.5% | 15.5% |
| Below its high | 8.7%, high on Aug 24, 2026 | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 8, 2026.
What they hold in common
By the books each fund has filed, MGV and SPYD 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 8, 2026.
half
11% in common
On the same fields
MGV and SPYD 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 SPYD
SPYD tracks the S&P 500 High Dividend. Over the year to Oct 9, 2026 it returned +10.4% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 8, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 15.5%. It sat 8.7% below its high of Aug 24, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, MGV or SPYD?
- In the year to Oct 9, 2026, with distributions reinvested, MGV returned +21.5% and SPYD +10.4%.
- Which is cheaper, MGV or SPYD?
- MGV is cheaper, by 0.02 percentage points a year. That is about $2 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 SPYD, data as of Oct 9, 2026. https://etfiq.com/compare/any/mgv-vs-spyd
ETFIQ. (Oct 9, 2026). MGV against SPYD. Retrieved from https://etfiq.com/compare/any/mgv-vs-spyd
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