MGK vs QUAL Overlap
MGK is a U.S. growth equity ETF from Vanguard, while QUAL is an equity ETF from IShares. MGK and QUAL show meaningful overlap, with an estimated weighted overlap of 41.86%. They share 26 holdings in the loaded dataset, led by AAPL, NVDA, and MSFT.
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Quick Answer
MGK is a U.S. growth equity ETF from Vanguard, while QUAL is an equity ETF from IShares. MGK and QUAL show meaningful overlap, with an estimated weighted overlap of 41.86%. They share 26 holdings in the loaded dataset, led by AAPL, NVDA, and MSFT.
- 41.86% weighted overlap across 26 shared holdings.
- The top three shared holdings explain 42.19% of the measured overlap.
- MGK and QUAL are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- MGK holdings
- Mar 12, 2026
- QUAL holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
MGK is a U.S. growth equity ETF from Vanguard, while QUAL is an equity ETF from IShares. MGK and QUAL overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as AAPL, NVDA, and MSFT, which explains why the score lands at 41.86%.
How They Differ
MGK is a U.S. growth equity ETF from Vanguard, while QUAL is an equity ETF from IShares. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. MGK has the lower expense ratio, while QUAL charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 42.19% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because MGK and QUAL are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. MGK has the lower expense ratio, while QUAL charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 42.19% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between MGK and QUAL.
| Holding | Name | MGK Wt. | QUAL Wt. | Overlap |
|---|---|---|---|---|
| AAPL | Apple Inc | 11.72% | 6.24% | 6.24% |
| NVDA | NVIDIA Corp | 13.52% | 6.23% | 6.23% |
| MSFT | Microsoft Corp | 9.61% | 5.19% | 5.19% |
| META | Meta Platforms Inc | 4.92% | 3.87% | 3.87% |
| LLY | Eli Lilly & Co | 3.22% | 3.23% | 3.22% |
| GOOGL | Alphabet Inc | 5.85% | 2.09% | 2.09% |
| V | Visa Inc | 1.89% | 3.04% | 1.89% |
| GOOG | Alphabet Inc | 4.63% | 1.76% | 1.76% |
| MA | Mastercard Inc | 1.68% | 2.43% | 1.68% |
| NFLX | Netflix Inc | 1.38% | 2.14% | 1.38% |
Why These ETFs Overlap
MGK is a U.S. growth equity ETF from Vanguard, while QUAL is an equity ETF from IShares. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are AAPL, NVDA, and MSFT, which appear in both portfolios and push the overlap score higher.
Holding both MGK and QUAL can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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Frequently Asked Questions About MGK and QUAL
What is the overlap between MGK and QUAL?+
How many holdings do MGK and QUAL share?+
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How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.