Vanguard’s MGK vs. VOOG: Concentration or Diversification in U.S. Growth

Overview

• As of Dec. 12, 2025, VOOG returned 17.5% over one year versus 15.7% for MGK, with dividend yields of 0.5% and 0.4%, respectively.
• VOOG holds 217 stocks with a 44% technology weight and notable allocations to communication services (15%) and consumer cyclical (12%).
• MGK owns 66 stocks with about 69% in technology, reflecting a narrower portfolio focused on mega-cap growth names.
• Top-holding concentration differs: VOOG’s largest stakes are NVIDIA (15.3%), Microsoft (6.2%), and Apple (5.7%), while MGK’s top three (NVIDIA, Apple, Microsoft) exceed 38% of assets.
• Both ETFs charge 0.07% and are Vanguard-managed; MGK’s five-year max drawdown was 36.4% versus 33.1% for VOOG, and AUM totals stand at $33.0 billion for MGK and $21.7 billion for VOOG.