MGCvsIWLETF Comparison
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Vanguard Morningstar Mega Cap ETF (MGC) and iShares Russell Top 200 ETF (IWL) belong to the same industry segment: US Large Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. MGC is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.15% for IWL. MGC is up 12.63% year-to-date (YTD) with -$577M in YTD flows. IWL performs worse with 11.81% YTD performance, and -$44M in YTD flows. Run a side-by-side ETF comparison of MGC and IWL 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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MGC vs IWL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MGC IWL | -0.37%-0.46% | +4.20%+4.03% | +12.63%+11.81% | +18.29%+17.26% | +82.62%+80.49% | +88.96%+87.98% |
| Flows | MGC IWL | +$28M-$38M | +$50M-$29M | -$577M-$44M | +$782M+$73M | +$2.21B+$394M | +$2.19B+$305M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGC IWL | +12.95%+12.75% | +13.51%+13.45% | +15.57%+15.57% | +17.55%+17.50% |
| Max drawdown | MGC IWL | -4.19%-4.11% | -9.86%-9.79% | -19.36%-19.22% | -25.79%-25.69% |
| Max drawdown duration | MGC IWL | 16d16d | 92d92d | 126d126d | 707d707d |
Trading data
MGC | IWL | |
Last sale 9/11/2026 at 1:30 PM | $281.25 | $189.95 |
| Previous close 09/10/2026 | $278.96 | $188.26 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MGC | IWL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
MGC | IWL | |
|---|---|---|
| Last price | $281.25 | $189.95 |
| 1D performance | +0.82% | +0.90% |
| AuM | $10.35 B | $2.21 B |
| E/R | 0.05% | 0.15% |
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Exposure
Countries
MGC
USA
97.83%
Other
2.17%
IWL
USA
97.92%
Other
2.08%
Sectors
MGC
Technology
50.74%
Finance
12.42%
Consumer Non-Cycl.
10.05%
Healthcare
9.09%
Other
17.7%
IWL
Technology
49.06%
Finance
12.85%
Consumer Non-Cycl.
9.39%
Healthcare
8.75%
Industrials
7.1%
Other
12.85%
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Diversification
MGC
Total weight of top 15 holdings out of 15
53.22%
IWL
Total weight of top 15 holdings out of 15
50.35%
Top 15 holdings
Data as of July 31, 2026
MGC
NVIDIA Corp.
8.75%
Apple, Inc.
8.60%
Microsoft Corp.
6.54%
Amazon.com, Inc.
4.98%
Alphabet, Inc.
3.96%
Broadcom Inc.
3.49%
Alphabet, Inc.
3.15%
Meta Platforms, Inc.
2.32%
Eli Lilly & Co.
1.85%
JPMorgan Chase & Co.
1.79%
Micron Technology, Inc.
1.76%
Berkshire Hathaway, Inc.
1.68%
Tesla, Inc.
1.66%
Advanced Micro Devices, Inc.
1.47%
ExxonMobil Holdings Corp.
1.22%
IWL
Apple, Inc.
8.77%
NVIDIA Corp.
8.28%
Microsoft Corp.
6.10%
Amazon.com, Inc.
4.16%
Alphabet, Inc.
3.54%
Broadcom Inc.
3.28%
Alphabet, Inc.
2.89%
Meta Platforms, Inc.
2.16%
Micron Technology, Inc.
1.79%
Berkshire Hathaway, Inc.
1.73%
JPMorgan Chase & Co.
1.71%
Eli Lilly & Co.
1.68%
Tesla, Inc.
1.64%
Advanced Micro Devices, Inc.
1.44%
ExxonMobil Holdings Corp.
1.19%
Frequently asked questions about MGC and IWL
How have the MGC and IWL ETFs performed in 2026?
As of September 11, 2026, MGC is up 12.63% year-to-date (YTD), while IWL has returned 11.81%. That puts MGC better performer ahead so far this year.
Which ETF is attracting more investor money: MGC or IWL?
Year-to-date, the MGC ETF saw -$577M in flows, compared to -$44M for IWL.
Which ETF is more volatile: MGC or IWL?
Over the past year, MGC had a volatility of 13.51%, while IWL experienced 13.45%.
Which ETF is bigger: MGC or IWL?
As of September 11, 2026, MGC holds $10.35 B in assets under management (AUM), while IWL manages $2.21 B.
What sectors do the MGC and IWL ETFs invest in?
MGC leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, IWL focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the MGC ETF and IWL ETF?
MGC top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. IWL holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: MGC or IWL?
MGC holds 172 securities with 53.22% of its assets in the top 15. IWL has 202 securities and a top 15 weight of 50.35%.
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