Files with DWG extension represent proprietary binary files used for containing 2D and 3D design data. Like DXF, which are ASCII files, DWG represents the binary file format for CAD (Computer Aided Design) drawings. It contains a vector image and metadata for the representation of the contents of CAD files.
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SVG files are Scalable Vector Graphics Files that use XML based text format for describing the appearance of image. The word Scalable refers to the fact that the SVG can be scaled to different sizes without losing any quality. Text based description of such files make them independent of resolution. It is one of the mostly used format for building website and print graphics in order to achieve scalability.
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You can also convert DWG into many other file formats. Please see the complete list below.