MGK vs VUG: 86% overlap
Vanguard Mega Cap Growth ETF and Vanguard Growth ETF share 85.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.1. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
MGK and VUG hold 57 of the same securities. The ten contributing most to the overlap figure:
| Holding | in MGK | in VUG | Δ |
|---|---|---|---|
| NVDA | 13.2% | 12.6% | 0.6% |
| AAPL | 12.1% | 11.6% | 0.5% |
| MSFT | 7.5% | 7.6% | 0.1% |
| GOOGL | 5.9% | 5.7% | 0.2% |
| GOOG | 4.6% | 4.5% | 0.1% |
| AMZN | 4.4% | 4.5% | 0.0% |
| AVGO | 4.3% | 4.3% | 0.0% |
| META | 4.1% | 3.4% | 0.7% |
| TSLA | 3.9% | 3.3% | 0.7% |
| LLY | 3.4% | 2.8% | 0.6% |
Where MGK and VUG differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | MGK | VUG | Δ |
|---|---|---|---|
| Information Technology | 58.6% | 56.0% | +2.6pp |
| Industrials | 2.6% | 5.0% | −2.4pp |
| Consumer Staples | 0.4% | 1.4% | −1.0pp |
| Communication Services | 16.2% | 15.3% | +0.9pp |
| Energy | 0.0% | 0.3% | −0.3pp |
| Real Estate | 1.2% | 1.0% | +0.3pp |
| Health Care | 4.9% | 4.7% | +0.2pp |
| Consumer Discretionary | 11.2% | 11.4% | −0.2pp |
Δ is MGK minus VUG, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
0.0% of MGK by weight, held in no part of VUG.
13.3% of VUG by weight, held in no part of MGK.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| MGK | VUG | |
|---|---|---|
| Top 10 holdings | 63.5% | 60.3% |
| Positions held | 57 | 147 |
| Cost per $10,000 held, per year | $5 | $3 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do MGK and VUG overlap?
MGK and VUG overlap 85.9% by portfolio weight — substantial duplication if you hold both. They share 57 holdings. The figure comes from current issuer holdings files (MGK as of 2026-06-30, VUG as of 2026-06-30).
How is the overlap between MGK and VUG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If MGK holds a stock at 6% and VUG holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both MGK and VUG?
That depends on your goals — we state facts, not advice. At 85.9% overlap, most of what one fund holds, the other holds too. Expense ratios: MGK 0.05% versus VUG 0.03%.
What does MGK own that VUG doesn't?
MGK holds 57 positions and VUG holds 147; 0 of MGK's positions don't appear in VUG at all, and they are 0.0% of MGK by weight.
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Related comparisons
Sources: issuer holdings files, MGK as of 2026-06-30, VUG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.