Core Insights - The Vanguard Mega Cap Growth ETF (MGK) and the State Street SPDR S&P 500 ETF Trust (SPY) offer exposure to major U.S. companies, with SPY focusing on broad large-cap coverage and MGK targeting mega-cap growth stocks [1] Cost & Size Comparison - SPY has an expense ratio of 0.09% while MGK has a slightly lower expense ratio of 0.07% - As of February 3, 2026, SPY's 1-year return is 14.38% compared to MGK's 14.27% - SPY offers a higher dividend yield of 1.07% versus MGK's 0.35% - SPY has assets under management (AUM) of $712 billion, significantly larger than MGK's $32 billion - SPY has a beta of 1.00, indicating it moves in line with the S&P 500, while MGK has a higher beta of 1.20, indicating greater volatility [2][3] Performance & Risk Analysis - Over the past five years, SPY experienced a maximum drawdown of -24.50%, while MGK faced a deeper drawdown of -36.02% - An investment of $1,000 would have grown to $1,805 in SPY and $1,892 in MGK over five years, indicating MGK's marginally stronger growth but higher volatility [4] Portfolio Composition - MGK's portfolio is heavily weighted in technology at 55%, followed by communication services at 17% and consumer cyclical at 13%, holding a total of 60 stocks with Nvidia, Apple, and Microsoft as top positions [5] - SPY provides broader diversification with approximately 35% in technology, 13% in financial services, and 11% in communication services, featuring over 500 large-cap stocks [6] Investment Implications - SPY is suitable for investors seeking greater diversification and stability, while MGK's focused approach may yield higher returns over time despite its higher volatility [7][8] - Growth ETFs like MGK have greater earning potential but also experience more significant price swings, as evidenced by its deeper max drawdown and higher beta [9]

Group 1 - The T. Rowe Price Blue Chip Growth ETF (TCHP) is characterized by a significant allocation to mega-cap stocks and typical growth sectors such as technology, consumer discretionary, and communication services [1] - The fund has experienced uneven performance, indicating variability in its returns [1]