Overview
- Year to date through Nov. 17, Vanguard Mega Cap Growth ETF is up 18% versus 13% for the S&P 500, extending a run of outperformance in eight of the past nine years.
- The ETF holds 66 stocks with nearly 70% of assets in technology and about 16% in consumer discretionary companies.
- Nvidia, Apple, and Microsoft together account for over 38% of the portfolio, and the top 10 positions make up more than two thirds of assets.
- The fund tracks the market‑cap‑weighted CRSP US Mega Cap Growth Index, which is reconstituted quarterly and includes major AI beneficiaries such as Alphabet, Amazon, Meta Platforms, and Tesla among top holdings.
- An expense ratio of 0.07% keeps costs low, while the 34% decline in 2022 versus a 19% drop for the S&P 500 highlights elevated volatility and limited diversification.