VOOG and MGK vary in stock concentration and tech sector weightings, with VOOG outperforming the S&P 500 over the past year.
Vanguard’s growth ETFs VOOG and MGK offer distinct approaches to U.S. growth stocks, with differing tech sector allocations. VOOG, tracking the S&P 500 Growth index, holds 145 stocks and allocates 49.2% to tech. MGK, focused on mega-cap growth, holds 59 stocks with 70% in tech, making it more concentrated.
Over the past year, VOOG outperformed the S&P 500, while MGK slightly underperformed. Both funds share the same top five holdings but differ in weighting, with MGK prioritizing larger-cap stocks. The Nasdaq-100, however, outperformed both ETFs.
Both ETFs maintain low expense ratios, with VOOG at 0.05% and MGK at 0.07%. Investors seeking broader diversification may prefer VOOG, while those targeting large-cap growth may favor MGK.