Core Insights - The Vanguard Mega Cap Growth ETF (MGK) and Vanguard Russell 1000 Growth ETF (VONG) target large-cap U.S. growth stocks but differ in concentration and yield [2][3][10] Cost & Size - Both MGK and VONG have an expense ratio of 0.07% - As of January 23, 2026, VONG has a 1-year return of 12.2% and MGK has a 1-year return of 14.6% - VONG offers a dividend yield of 0.5% while MGK has a yield of 0.4% - VONG has assets under management (AUM) of $44.8 billion compared to MGK's $32.5 billion [4][5] Performance & Risk Comparison - Over the past five years, VONG experienced a maximum drawdown of 32.72% while MGK had a drawdown of 36.01% - An investment of $1,000 would have grown to $1,878 in VONG and $1,940 in MGK over the same period [6][9] Portfolio Composition - MGK is heavily concentrated with 70% of its assets in technology, holding only 69 companies, with top positions in NVIDIA (12.97%), Apple (12.07%), and Microsoft (10.62%) [7] - VONG is more diversified with 394 holdings, featuring a sector mix of 53% technology, 13% consumer cyclicals, and 13% communication services, with top positions in NVIDIA (12.22%), Apple (11.12%), and Microsoft (10.14%) [8] Investment Implications - Both MGK and VONG are suitable for investors interested in growth stocks, but they present different risk and return profiles due to their portfolio structures [10]

Core Insights - The U.S. stock market is experiencing a rally as the year comes to a close, raising concerns about portfolio concentration in large-cap U.S. growth stocks, which have significantly driven market performance this year [1]. Group 1: Market Trends - The current rally in the U.S. stock market is notable as it approaches year-end, indicating a potential shift in investor sentiment and market dynamics [1]. Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing him with insights into current industry trends [1]. - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating his influence and reach within the investment community [1].