SCHG vs MGK: Which ETF Is Better in 2026?
Short answer
SCHG (Schwab US Large-Cap Growth ETF) tracks Dow Jones US Large-Cap Growth Total Stock Market at 0.04%; MGK (Vanguard Mega Cap Growth ETF) tracks CRSP US Mega Cap Growth at 0.07%. They give you different exposure, so pick by what you want to own: SCHG for Dow Jones US Large-Cap Growth Total Stock Market, MGK for CRSP US Mega Cap Growth. Neither is universally better.
SCHG vs MGK at a glance
| SCHG | MGK | |
|---|---|---|
| Fund | Schwab US Large-Cap Growth ETF | Vanguard Mega Cap Growth ETF |
| Tracks | Dow Jones US Large-Cap Growth Total Stock Market | CRSP US Mega Cap Growth |
| Expense ratio | 0.04% | 0.07% |
| Dividend yield | ~0.4% | ~0.5% |
| AUM | ~$45 billion | ~$25 billion |
| Top holding | MSFT | MSFT |
| Issuer | Charles Schwab | Vanguard |
Approximate as of early 2026; verify with each issuer.
What is SCHG?
Tracks the Dow Jones US Large-Cap Growth Total Stock Market Index, the growth half of the US large-cap market. Heavily weighted toward technology and consumer growth names, with meaningful overlap with VUG, VOO, and QQQ. A low-cost growth style tilt rather than a broad-market core. Verify current figures on the issuer's site.
What is MGK?
Tracks the CRSP US Mega Cap Growth Index, holding only the very largest US growth companies. More concentrated in mega-cap technology than VUG, with heavy overlap with the top of VOO and QQQ. A focused growth style tilt rather than a broad-market core. Verify current figures on the issuer's site.
SCHG or MGK: which should you pick?
- Pick SCHG if you want Dow Jones US Large-Cap Growth Total Stock Market exposure at 0.04%.
- Pick MGK if you want CRSP US Mega Cap Growth exposure at 0.07%.
- Overlap: they share top holdings (MSFT, AAPL, NVDA, AMZN, META), so owning both adds less diversification than it appears.
- Cost: 0.04% vs 0.07%, a small but compounding difference.
The bottom line: SCHG vs MGK
SCHG (Dow Jones US Large-Cap Growth Total Stock Market) and MGK (CRSP US Mega Cap Growth) give you different exposure, so pick by what you want to own, not by which is "better". They overlap heavily, so owning both mostly doubles a fee. Walnut can show the overlap against your real portfolio before you decide.
Build a portfolio around SCHG with Walnut
Walnut connects your real brokerage so you can see how SCHG and MGK overlap with what you already own, analyze either by chatting through Claude or ChatGPT, and place any trade yourself.
FAQ
What is the difference between SCHG and MGK?
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SCHG tracks Dow Jones US Large-Cap Growth Total Stock Market (0.04% expense ratio); MGK tracks CRSP US Mega Cap Growth (0.07%). They track different indexes, so they give you different exposure.
Is SCHG or MGK cheaper?
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SCHG charges 0.04% and MGK charges 0.07% as of early 2026. Over decades the cheaper fund keeps more of your return, but verify current figures with each issuer.
Do SCHG and MGK hold the same stocks?
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They overlap meaningfully: shared top holdings include MSFT, AAPL, NVDA, AMZN, META, GOOGL. Owning both can mean less diversification than it looks.
Which has a higher dividend yield, SCHG or MGK?
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SCHG yields about ~0.4% and MGK about ~0.5% (early 2026, approximate). If income matters, that gap is one input, but total return and cost matter more for most long-term investors.
Should you own both SCHG and MGK?
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Often not, because they overlap heavily (MSFT, AAPL, NVDA, AMZN and more), so holding both adds cost without much extra diversification. Walnut can show the overlap against your real portfolio.
Walnut is informational, not investment advice. ETF figures are approximations stamped to early 2026; verify current data with each issuer before deciding. Nothing here is a recommendation.