The Vanguard Mega Cap ETF outperforms S&P 500 with focus on top 200 large U.S. companies. Despite MGC's heavy allocation to mega caps, it has a similar P/E ratio relative to the S&P 500.

Price-earnings ratios still concern me, so I favor MGV. However, MGC is a solid alternative to an S&P 500 Index ETF, and I don't think investors can go wrong with either in the long run.

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If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the Vanguard Mega Cap ETF (MGC), a passively managed exchange traded fund ...