Home to 302 stocks, MGC has a deeper bench than XLG. The Vanguard offering is underweight tech (16.7%) and overweight financials (17.5%) compared to the S&P 500.
The Vanguard Mega Cap Value ETF (NYSEArca: MGV) is another mega-cap ETF idea to consider. MGV’s 4.6% jump over the past three months shows the ETF has a beneficiary of investors flocking to value over momentum. [Don’t Forget These Value ETFs]
MGV’s top-10 holdings comprise 31.6% of the ETF’s weight compared to 20.6% in MGC. Other differences between the two Vanguard funds include MGV holding 156 stocks and an 8.1% tech weight. Mega-cap value in MGV comes by way of a 21.8% weight to financials and a combined 25.3% weight to the energy and industrial sectors.
Guggenheim Russell Top 50 Mega Cap ETF
Tom Lydon’s clients own shares of Apple, Microsoft, QQQ and SPY.