MGK, SPY, and IWO Show Sharply Different Profiles on Cost, Yield, and Risk

Updated 12‑month returns with risk metrics clarify the choice across tech‑heavy growth, broad market, or small‑cap exposure.

Overview

Trailing 12‑month results highlight a growth surge, with IWO up 46.5%, MGK up 40.8%, and SPY up 35.0%.
Risk gauges differ, as MGK carries a higher beta than SPY (1.17 vs 1.00) and IWO runs even hotter at 1.46, with five‑year max drawdowns of −36.02% for MGK, −24.50% for SPY, and −40.51% for IWO.
Portfolios vary in breadth and concentration, with MGK holding about 69 mega‑cap names and its top three positions topping one‑third of assets, while SPY owns 500‑plus stocks and IWO spreads risk across 1,100‑plus small‑cap holdings.
Fees set a clear cost gap, as MGK charges 0.05% versus 0.09% for SPY and 0.24% for IWO.
Income differs by mandate, with SPY yielding 1.1% for a higher payout, IWO at 0.5%, and MGK at 0.4% due to its growth tilt.