MGK vs SCHG: Holdings Overlap
MGKVanguard Mega Cap Growth Index Fund
Vanguard · 59 holdings · $33.7B · as of 2026-03-31
SCHGSchwab U.S. Large-Cap Growth ETF
Schwab · 193 holdings · $62.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (MGK: 2026-03-31, SCHG: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are MGK and SCHG?
Vanguard Mega Cap Growth Index Fund (MGK, by Vanguard) holds 59 positions; Schwab U.S. Large-Cap Growth ETF (SCHG, by Schwab) holds 193. They have 45 holdings in common, and by portfolio weight the two funds are 75.4% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 75.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45MGK holds 59 · SCHG holds 193
- Weight in Shared Holdings
- MGK 90%·SCHG 78%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in MGK
14 of 59 positions (9.5% of the fund) are not held by SCHG.
Sector Breakdown
| Sector | MGK | SCHG |
|---|---|---|
| Information Technology | 54.4% | 45.9% |
| Communication Services | 16.7% | 15.3% |
| Consumer Discretionary | 13.1% | 12.3% |
| Health Care | 5.2% | 8.4% |
| Financials | 4.9% | 6.8% |
| Other Sectors | 5.6% | 11.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| MGK | +3.8% | +10.2% | +19.4% | +24.7% | +14.0% | +18.8% | 0.32% |
| SCHG | +4.3% | +9.9% | +19.1% | +24.1% | +14.0% | +18.6% | 0.37% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in MGK vs SCHG →
Shared Holdings(45)
The top 10 shared positions account for 74% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.75% | 11.01% | 11.01% |
|---|---|---|---|
 AAPLApple Inc. COM | 12.60% | 9.83% | 9.83% |
 MSFTMicrosoft Corp. COM | 9.01% | 7.17% | 7.17% |
 GOOGLAlphabet Inc. CAP STK CL A | 5.51% | 4.75% | 4.75% |
 AMZNAmazon.com, Inc. COM | 4.59% | 5.67% | 4.59% |
 AVGOBroadcom Inc COM | 4.40% | 4.55% | 4.40% |
 TSLATesla Inc COM | 4.18% | 3.91% | 3.91% |
 GOOGAlphabet Inc. CAP STK CL C | 4.37% | 3.78% | 3.78% |
 METAMeta Platforms, Inc., Class A | 4.17% | 3.45% | 3.45% |
 LLYEli Lilly & Co. COM | 3.17% | 3.05% | 3.05% |
 VVisa, Inc., Class A | 1.97% | 1.92% | 1.92% |
 AMDAdvanced Micro Devices Inc. COM | 1.49% | 2.93% | 1.49% |
 MAMasterCard Incorporated CL A | 1.72% | 1.40% | 1.40% |
 NFLXNetflix, Inc. COM | 1.76% | 1.27% | 1.27% |
 PLTRPalantir Technologies, Inc., Class A | 1.42% | 1.25% | 1.25% |
 GEVGE Vernova Inc. COM | 1.14% | 0.91% | 0.91% |
 KLACKLA Corp. COM NEW | 0.98% | 0.88% | 0.88% |
 PANWPalo Alto Networks Inc COM | 0.71% | 0.79% | 0.71% |
 ANETArista Networks Inc COM SHS | 0.70% | 0.57% | 0.57% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.56% | 0.64% | 0.56% |
 APPAppLovin Corp., Class A | 0.55% | 0.58% | 0.55% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.83% | 0.53% | 0.53% |
 CRMSalesforce Inc. COM | 0.51% | 0.62% | 0.51% |
 UBERUber Technologies Inc COM | 0.78% | 0.51% | 0.51% |
 BKNGBooking Holdings Inc COM | 0.71% | 0.47% | 0.47% |
Frequently Asked Questions
How much do MGK and SCHG overlap?
MGK and SCHG overlap by 75.4% of portfolio weight. They share 45 holdings (MGK holds 59 positions and SCHG holds 193), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MGK and SCHG?
The two portfolios are 75.4% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of MGK and SCHG?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOGL and AMZN. Together the top 10 shared positions account for 74% of the total overlap.
What does MGK own that SCHG doesn't?
14 positions (9.5% of MGK) are unique to MGK, led by LRCX, ORCL and TJX. In the other direction, 148 positions (21.5% of SCHG) are unique to SCHG.