ILCG vs IMCG: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

iShares Morningstar Mid-Cap Growth ETF

IMCGANYSE Arca

Overlap

23.5%by weight

Expense ratio

ILCG −0.02pt a year

ILCG0.04%IMCG0.06%

Avg volume · 30D

IMCG 2.0×the volume

ILCG69.6KIMCG139K

10Y return · a year

ILCG +2.8pt

ILCG+16.9%IMCG+14.1%

ILCG vs IMCG Performance

Nov 9, 2021 – Nov 9, 2026

+53.4%ILCG+28.0%IMCG

Expense ratio: ILCG 0.04%, better; IMCG 0.06%
Fund size: ILCG $2.86B; IMCG $3.9B
1Y total return: ILCG +4.3%; IMCG +15.5%, better
Yield (12M): ILCG 0.44%; IMCG 0.67%, better
Holdings: ILCG 328; IMCG 262
Avg volume (30D): ILCG 69.6K sh; IMCG 139K sh, better
NAV per share: ILCG $104.77; IMCG $90.22
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, IMCG, with each pillar’s weight
Pillar	ILCG	IMCG
Cost30% weight	A96Higher	A78
Mission25% weight	A100Higher	A96
Risk15% weight	C42	A74Higher
Tradability15% weight	B63Higher	B62
Holdings10% weight	C52	A76Higher
Durability5% weight	B66	B69Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and IMCG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

IMCG ranks 2nd and ILCG 4th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 4AILCGiShares Morningstar Growth ETFScore 77
Rank 4AVUGVanguard Morningstar Growth ETFScore 77

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

IMCGAiShares Morningstar Mid-Cap Growth ETF

In short

ILCG Growth by Morningstar's rulebook. A 2004-vintage iShares fund that screens large and mid caps for above-average earnings, sales, cash-flow and book-value growth, and charges four basis points to do it.

IMCG Growth investing usually means megacaps. IMCG works the middle of the market instead: roughly 300 mid-cap growth names, indexed since 2004, for six basis points a year.

Stated mandate

ILCG The fund aims to follow an index of U.S. large- and mid-cap stocks chosen for above-average earnings, sales, cash-flow, and book-value growth.

IMCG The Fund seeks to track an index of U.S. mid-capitalization equities with growth characteristics. Its strategy uses representative sampling and generally invests at least 80% of assets in securities from the Underlying Index.

Why people hold it

ILCG 0.04% a year. The typical fund in its factor peer group charges roughly eight times that, so almost none of the return leaks out the fee door.
Uses Morningstar's growth definition (earnings, sales, cash flow, book value) rather than S&P's or Russell's, and reaches into mid caps, not just the S&P 500.ishares.com
Trading since 2004, a multi-billion-dollar fund holding roughly 300 stocks. Long-running plumbing, not a launch-week experiment.
Tracking has been tight, and the fund sits in the upper half of its factor cohort overall, with cost doing much of the heavy lifting.

IMCG 0.06% a year, one third of the 0.18% median for its growth-fund peer group. Mid-cap indexing at large-cap-index prices.
The growth leaderboard is stacked with large-cap funds (VUG, SCHG, SPYG, VONG). IMCG covers the middle instead, holding about 300 mid-cap growth names.
Sticks close to the Morningstar mid-cap growth index it follows, one of the tighter tracking jobs in its peer group.
Running since 2004 under the iShares roof, with a multi-billion-dollar asset base behind it.

Worth knowing

ILCG Pure growth means no value ballast, and the ride has been bumpier than most funds in its factor group. The style can sit out of favor for long stretches.
Concentration runs high for the cohort: cap-weighted growth screens funnel a big share of the fund into the same handful of mega-cap names.
Moderately traded, not a tape leader. Sibling IUSG applies S&P's growth definition at the same 0.04%, so the pick is which index rulebook you prefer.

IMCG Moderately traded rather than heavily traded, so bid-ask spreads can run wider than the megacap growth ETFs sitting beside it in the category.
This is a size-and-style bet. Mid-cap growth companies tend to move more sharply than the broad market, in both directions.
Distributions land quarterly, but a growth screen is not built around income.

Full ILCG profile⁠

Full IMCG profile⁠

ILCG vs IMCG Holdings

How ILCG and IMCG differ

Overlap by weight

23.5%

Shared holdings make up 99.8% of IMCG and 23.5% of ILCG.

Level by level

Holdings259 in both23.5%
Sector11 Sectors64.3%
Countryby domicile98.7%
Asset classStocks100%

Sector

Sector weights in ILCG and IMCG, widest gap first
Sector	Gap	ILCG	IMCG
Technology	ILCG +28.5 points	50.7%	22.2%
Industrials	IMCG +13.3 points	9.8%	23.1%
Communication	ILCG +7.2 points	9.3%	2.1%
Financials	IMCG +6.6 points	6.0%	12.6%
Materials	IMCG +4.7 points	1.5%	6.2%
Energy	IMCG +2.4 points	0.7%	3.1%
Health Care	IMCG +2.3 points	6.9%	9.2%
Utilities	IMCG +2.3 points	0.9%	3.2%
Real Estate	IMCG +2.1 points	1.7%	3.8%
Consumer Discretionary	IMCG +1.8 points	10.5%	12.3%
Consumer Staples	IMCG +0.3 points	2.0%	2.3%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and IMCG, widest gap first
Country	More in ILCGMore in IMCG	Gap	ILCG	IMCG
United States		ILCG +1.2 points	99.5%	98.3%
Other countries (5)		IMCG +1.2 points	0.5%	1.7%

Concentration

Weight in the 10 largest Holdings

ILCG50.0%
IMCG11.9%

Securities held

ILCG325
IMCG259

Asset class

ILCG: Stocks
IMCG: Stocks

Holdings

Only in ILCG66
In both259
Only in IMCG0

Only in ILCG

66 securities, 76.3% of ILCG by weight

NVIDIA14.75%
Apple8.47%
Amazon.com Inc4.77%
Broadcom Inc4.65%
Eli Lilly3.67%
Microsoft3.29%
Alphabet Class A3.22%
Alphabet Class C2.61%
Advanced Micro Devices2.48%
Tesla Inc2.12%
Meta Platforms Class A1.66%
Micron Technology1.45%
Visa Class A1.22%
Palantir Technologies Class A1.21%
Ge Aerospace1.14%
Mastercard Class A1.01%
Netflix0.90%
Applied Material Inc0.90%
Intel Corporation0.89%
Palo Alto Networks0.87%
Lam Research0.85%
Walmart0.74%
Crowdstrike Holdings Class A0.73%
Ge Vernova0.70%
Costco Wholesale Corp0.69%
Amphenol Corp Class A0.62%
Kla0.61%
Welltower0.60%
Arista Networks0.60%
Intuitive Surgical0.54%
Caterpillar Inc0.48%
Boeing0.46%
Marvell Technology0.42%
Texas Instrument0.39%
Applovin Class A0.36%
Servicenow0.36%
Seagate Technology Holdings PLC0.35%
Oracle0.32%
Analog Devices0.32%
Western Digital Corp0.32%
Cadence Design Systems0.30%
Corning0.29%
Howmet Aerospace0.28%
Quanta Services Inc0.27%
Deere0.27%
Vertiv Holdings Class A0.23%
Starbucks Corp0.21%
Equinix Reit0.19%
Sandisk0.19%
Tjx0.19%

Only in IMCG

0 securities, 0.0% of IMCG by weight

Weight gaps

The 100 widest of 259 Holdings in both funds.

Holding weights in ILCG and IMCG, widest gap first
Holding	Gap	ILCG	IMCG
SnowflakeSNOW	IMCG +1.02 points	0.32%	1.34%
Cloudflare Class ANET	IMCG +0.95 points	0.29%	1.24%
Freeport Mcmoran IncFCX	IMCG +0.94 points	0.29%	1.23%
Motorola Solutions IncMSI	IMCG +0.94 points	0.29%	1.23%
Johnson Controls International PLCJCI	IMCG +0.90 points	0.28%	1.18%
Royal Caribbean GroupRCL	IMCG +0.90 points	0.28%	1.18%
Hilton Worldwide HoldingsHLT	IMCG +0.89 points	0.28%	1.17%
Airbnb Class AABNB	IMCG +0.84 points	0.26%	1.10%
CintasCTAS	IMCG +0.84 points	0.26%	1.10%
EcolabECL	IMCG +0.83 points	0.26%	1.09%
Moodys CorpMCO	IMCG +0.83 points	0.26%	1.09%
FortinetFTNT	IMCG +0.81 points	0.25%	1.06%
Oreilly Automotive IncORLY	IMCG +0.80 points	0.25%	1.05%
Aon PLC Class AAON	IMCG +0.78 points	0.24%	1.02%
Doordash Class ADASH	IMCG +0.75 points	0.23%	0.98%
Dell Technologies Inc Class CDELL	IMCG +0.73 points	0.22%	0.95%
Transdigm GroupTDG	IMCG +0.73 points	0.22%	0.95%
Ww Grainger IncGWW	IMCG +0.70 points	0.22%	0.92%
CencoraCOR	IMCG +0.69 points	0.22%	0.91%
Robinhood Markets Class AHOOD	IMCG +0.70 points	0.21%	0.91%
Monster BeverageMNST	IMCG +0.69 points	0.21%	0.90%
Cummins IncCMI	IMCG +0.68 points	0.21%	0.89%
Bank of New York Mellon CorpBNY	IMCG +0.68 points	0.21%	0.89%
CsxCSX	IMCG +0.67 points	0.21%	0.88%
Datadog Inc Class ADDOG	IMCG +0.65 points	0.20%	0.85%
FastenalFAST	IMCG +0.64 points	0.20%	0.84%
Edwards LifesciencesEW	IMCG +0.63 points	0.19%	0.82%
Monolithic Power Systems IncMPWR	IMCG +0.61 points	0.19%	0.80%
AutodeskADSK	IMCG +0.61 points	0.19%	0.80%
Emerson ElectricEMR	IMCG +0.60 points	0.19%	0.79%
Ross Stores IncROST	IMCG +0.58 points	0.18%	0.76%
Ametek IncAME	IMCG +0.58 points	0.18%	0.76%
AutozoneAZO	IMCG +0.58 points	0.18%	0.76%
Carvana Class ACVNA	IMCG +0.57 points	0.18%	0.75%
Idexx LaboratoriesIDXX	IMCG +0.57 points	0.17%	0.74%
Marathon PetroleumMPC	IMCG +0.56 points	0.17%	0.73%
Sherwin WilliamsSHW	IMCG +0.55 points	0.17%	0.72%
Bloom Energy Class ABE	IMCG +0.55 points	0.17%	0.72%
Westinghouse Air Brake TechnologieWAB	IMCG +0.53 points	0.16%	0.69%
Lumentum HoldingsLITE	IMCG +0.52 points	0.16%	0.68%
Baker Hughes Class ABKR	IMCG +0.52 points	0.16%	0.68%
Nasdaq IncNDAQ	IMCG +0.52 points	0.16%	0.68%
Keysight TechnologiesKEYS	IMCG +0.51 points	0.16%	0.67%
Block Class AXYZ	IMCG +0.50 points	0.15%	0.66%
MsciMSCI	IMCG +0.51 points	0.15%	0.66%
Veeva Systems Class AVEEV	IMCG +0.50 points	0.15%	0.65%
Ventas ReitVTR	IMCG +0.50 points	0.15%	0.65%
United RentalsURI	IMCG +0.50 points	0.15%	0.65%
Arthur J GallagherAJG	IMCG +0.48 points	0.15%	0.63%
Chipotle Mexican GrillCMG	IMCG +0.47 points	0.15%	0.62%
NateraNTRA	IMCG +0.47 points	0.14%	0.61%
Illinois Tool IncITW	IMCG +0.46 points	0.14%	0.60%
Rockwell Automation IncROK	IMCG +0.46 points	0.14%	0.60%
VistraVST	IMCG +0.46 points	0.14%	0.60%
Nxp Semiconductors NVNXPI	IMCG +0.45 points	0.14%	0.59%
Digital Realty Trust ReitDLR	IMCG +0.45 points	0.14%	0.59%
Te Connectivity PLCTEL	IMCG +0.41 points	0.13%	0.54%
Take Two Interactive SoftwareTTWO	IMCG +0.41 points	0.13%	0.54%
MarshMRSH	IMCG +0.40 points	0.13%	0.53%
Simon Property Group Reit IncSPG	IMCG +0.39 points	0.12%	0.51%
Vulcan MaterialsVMC	IMCG +0.39 points	0.12%	0.51%
CoherentCOHR	IMCG +0.39 points	0.12%	0.51%
Cardinal HealthCAH	IMCG +0.39 points	0.12%	0.51%
Comfort Systems UsaFIX	IMCG +0.38 points	0.12%	0.50%
NucorNUE	IMCG +0.38 points	0.12%	0.50%
CienaCIEN	IMCG +0.38 points	0.12%	0.50%
TeradyneTER	IMCG +0.37 points	0.12%	0.49%
Interactive Brokers Group Inc ClasIBKR	IMCG +0.37 points	0.11%	0.48%
WilliamsWMB	IMCG +0.36 points	0.11%	0.47%
Apollo Global ManagementAPO	IMCG +0.36 points	0.11%	0.47%
Norfolk Southern CorpNSC	IMCG +0.35 points	0.11%	0.46%
Roblox Class ARBLX	IMCG +0.35 points	0.11%	0.46%
Microchip Technology IncMCHP	IMCG +0.34 points	0.11%	0.45%
Waters CorpWAT	IMCG +0.34 points	0.11%	0.45%
Martin Marietta MaterialsMLM	IMCG +0.34 points	0.11%	0.45%
GarminGRMN	IMCG +0.34 points	0.11%	0.45%
Allstate CorpALL	IMCG +0.34 points	0.11%	0.45%
Air Products and ChemicalsAPD	IMCG +0.34 points	0.11%	0.45%
Everpure Inc Class AP	IMCG +0.34 points	0.10%	0.44%
Old Dominion Freight LineODFL	IMCG +0.34 points	0.10%	0.44%
L3HARRIS TechnologiesLHX	IMCG +0.34 points	0.10%	0.44%
Northrop Grumman CorpNOC	IMCG +0.34 points	0.10%	0.44%
Dexcom IncDXCM	IMCG +0.33 points	0.10%	0.43%
Astera LabsALAB	IMCG +0.33 points	0.10%	0.43%
Coinbase Global Class ACOIN	IMCG +0.33 points	0.10%	0.43%
Republic Services IncRSG	IMCG +0.33 points	0.10%	0.43%
Rocket Lab CorpRKLB	IMCG +0.33 points	0.10%	0.43%
Twilio Class ATWLO	IMCG +0.32 points	0.10%	0.42%
American Electric Power IncAEP	IMCG +0.32 points	0.10%	0.42%
West Pharmaceutical ServicesWST	IMCG +0.31 points	0.10%	0.41%
Ares Management Class AARES	IMCG +0.31 points	0.09%	0.40%
Yum BrandsYUM	IMCG +0.31 points	0.09%	0.40%
Entergy CorpETR	IMCG +0.30 points	0.09%	0.39%
Estee Lauder Inc Class AEL	IMCG +0.30 points	0.09%	0.39%
Targa ResourcesTRGP	IMCG +0.30 points	0.09%	0.39%
VylorVYLR	IMCG +0.30 points	0.09%	0.39%
Colgate-PalmoliveCL	IMCG +0.29 points	0.09%	0.38%
Ferguson EnterprisesFERG	IMCG +0.29 points	0.09%	0.38%
Emcor GroupEME	IMCG +0.28 points	0.09%	0.37%
Caseys General Stores IncCASY	IMCG +0.28 points	0.09%	0.37%

All 325 ILCG holdings⁠All 259 IMCG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ILCG vs IMCG Cost

Overpaying IMCG vs ILCG

$421

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ILCG 0.04%
$849
IMCG 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
IMCG 0.06%
Overpaying

Year by year

Year	ILCG	IMCG	Overpaying
10	$73	$110	$37
20	$288	$432	$144
30	$849	$1,270	$421

Expense ratio

0.04%ILCG, cheaper
0.06%IMCG

ILCG0.04%IMCG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

IMCG 9th cheapest of 35 funds

ILCG vs IMCG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ILCG 0.44%; IMCG 0.67%, better
Payout (12M): ILCG $0.48; IMCG $0.62
Last payment: ILCG $0.14; IMCG $0.19
Ex-dividend: ILCG Sep 15, 2026; IMCG Sep 15, 2026
Paid on: ILCG Sep 18, 2026; IMCG Sep 18, 2026
Frequency: ILCG Quarterly; IMCG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

IMCGQuarterly · 39 paymentsAll IMCG payments⁠

ILCG vs IMCG Risk

Fall from peak · 5 years

ILCG
IMCG

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%IMCG 16.6%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06, betterIMCG 0.97
Worst fallMax drawdown, 5 years: ILCG −35.4%IMCG −35.1%, better
Market sensitivityBeta, 5 years: ILCG 1.23IMCG 1.13; Market = 1

ILCG and IMCG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCGIMCG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IMCG

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ILCG vs IMCG

In short

Stated mandate

Why people hold it

Worth knowing

How ILCG and IMCG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in IMCG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How ILCG and IMCG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in IMCG

Weight gaps