IWLvsMGCETF Comparison
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iShares Russell Top 200 ETF (IWL) and Vanguard Morningstar Mega Cap ETF (MGC) belong to the same industry segment: US Large Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. IWL is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.05% for MGC. IWL is up 11.27% year-to-date (YTD) with -$16M in YTD flows. MGC performs better with 12.13% YTD performance, and -$696M in YTD flows. Run a side-by-side ETF comparison of IWL and MGC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IWL vs MGC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWL MGC | -1.44%-1.59% | +3.60%+3.81% | +11.27%+12.13% | +13.50%+14.52% | +90.19%+92.52% | +83.13%+84.19% |
| Flows | IWL MGC | +$10M-$7M | -$10M-$63M | -$16M-$696M | +$77M+$261M | +$375M+$2.02B | +$418M+$2.07B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWL MGC | +11.69%+11.79% | +13.38%+13.45% | +15.50%+15.50% | +17.44%+17.49% |
| Max drawdown | IWL MGC | -2.96%-3.02% | -9.79%-9.86% | -19.22%-19.36% | -25.69%-25.79% |
| Max drawdown duration | IWL MGC | 17d17d | 92d92d | 126d126d | 707d707d |
Trading data
IWL | MGC | |
Last sale 10/23/2026 at 1:30 PM | $188.52 | $279.34 |
| Previous close 10/22/2026 | $189.49 | $280.68 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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IWL | MGC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
IWL | MGC | |
|---|---|---|
| Last price | $188.52 | $279.34 |
| 1D performance | -0.51% | -0.48% |
| AuM | $2.23 B | $10.16 B |
| E/R | 0.15% | 0.05% |
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Exposure
Countries
IWL
USA
97.96%
Other
2.04%
MGC
USA
97.86%
Other
2.14%
Sectors
IWL
Technology
49.42%
Finance
12.5%
Consumer Non-Cycl.
9.3%
Healthcare
8.73%
Other
20.05%
MGC
Technology
51.31%
Finance
12.2%
Consumer Non-Cycl.
9.41%
Healthcare
9.19%
Other
17.9%
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Diversification
IWL
Total weight of top 15 holdings out of 15
50.75%
MGC
Total weight of top 15 holdings out of 15
53.2%
Top 15 holdings
Data as of August 31, 2026
IWL
NVIDIA Corp.
9.02%
Apple, Inc.
8.02%
Microsoft Corp.
6.60%
Amazon.com, Inc.
4.41%
Alphabet, Inc.
3.46%
Broadcom Inc.
3.02%
Alphabet, Inc.
2.79%
Meta Platforms, Inc.
2.20%
Micron Technology, Inc.
1.89%
Tesla, Inc.
1.88%
JPMorgan Chase & Co.
1.67%
Berkshire Hathaway, Inc.
1.64%
Eli Lilly & Co.
1.62%
Advanced Micro Devices, Inc.
1.34%
ExxonMobil Holdings Corp.
1.17%
MGC
NVIDIA Corp.
9.33%
Apple, Inc.
8.55%
Microsoft Corp.
6.93%
Amazon.com, Inc.
4.62%
Alphabet, Inc.
3.66%
Broadcom Inc.
3.22%
Alphabet, Inc.
2.87%
Meta Platforms, Inc.
2.31%
Micron Technology, Inc.
1.99%
Tesla, Inc.
1.91%
Eli Lilly & Co.
1.80%
JPMorgan Chase & Co.
1.75%
Berkshire Hathaway, Inc.
1.61%
Advanced Micro Devices, Inc.
1.41%
ExxonMobil Holdings Corp.
1.23%
Frequently asked questions about IWL and MGC
How have the IWL and MGC ETFs performed in 2026?
As of October 23, 2026, IWL is up 11.27% year-to-date (YTD), while MGC has returned 12.13%. That puts MGC better performer ahead so far this year.
Which ETF is attracting more investor money: IWL or MGC?
Year-to-date, the IWL ETF saw -$16M in flows, compared to -$696M for MGC.
Which ETF is more volatile: IWL or MGC?
Over the past year, IWL had a volatility of 13.38%, while MGC experienced 13.45%.
Which ETF is bigger: IWL or MGC?
As of October 23, 2026, IWL holds $2.23 B in assets under management (AUM), while MGC manages $10.16 B.
What sectors do the IWL and MGC ETFs invest in?
IWL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, MGC focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the IWL ETF and MGC ETF?
IWL top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. MGC holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: IWL or MGC?
IWL holds 202 securities with 50.75% of its assets in the top 15. MGC has 172 securities and a top 15 weight of 53.2%.
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