ILCG vs ISCG: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

iShares Morningstar Small-Cap Growth ETF

ISCGBNYSE Arca

Overlap

0.1%by weight

Expense ratio

ILCG −0.02pt a year

ILCG0.04%ISCG0.06%

Avg volume · 30D

ILCG 2.8×the volume

ILCG70.4KISCG24.9K

10Y return · a year

ILCG +6.1pt

ILCG+17.3%ISCG+11.2%

ILCG vs ISCG Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+23.1%ISCG

Expense ratio: ILCG 0.04%, better; ISCG 0.06%
Fund size: ILCG $3B; ISCG $961M
1Y total return: ILCG +3.2%; ISCG +11.4%, better
Yield (12M): ILCG 0.44%; ISCG 0.65%, better
Holdings: ILCG 328; ISCG 918
Avg volume (30D): ILCG 70.4K sh, better; ISCG 24.9K sh
NAV per share: ILCG $109.98; ISCG $61.23
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, ISCG, with each pillar’s weight
Pillar	ILCG	ISCG
Cost30% weight	A96Higher	A78
Mission25% weight	A100Higher	A92
Risk15% weight	C44	C46Higher
Tradability15% weight	B64Higher	D30
Holdings10% weight	C49	A84Higher
Durability5% weight	B64Higher	C54

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and ISCG 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 ›

ILCG ranks 2nd and ISCG 10th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 8AVONGVanguard Russell 1000 Growth ETFScore 69
Rank 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68
Rank 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

ISCGBiShares Morningstar Small-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.

ISCG A 2004-vintage small-cap growth sleeve that charges 0.06% and casts an unusually wide net, holding roughly 900 names selected on earnings, sales, cash flow and book value growth.

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.

ISCG The fund seeks to track a U.S. small-cap index whose constituents are selected using growth measures including earnings, sales, cash flow, and book value growth.

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.

ISCG Six basis points, against a 0.25% median for its small-cap group. Style slices usually carry a style-slice price tag; this one does not.
Roughly 900 holdings, a wide net even by small-cap standards, so no single stumble carries much weight.
Follows its Morningstar growth index closely rather than drifting, one of the tighter tracking records in its peer group. Running since 2004 on the iShares platform.

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.

ISCG Thinly traded next to the household-name small-cap funds, so bid-ask spreads can run wider and trade timing matters more.
Small-cap growth is one of the choppier corners of the US market, and the ride here has been rougher than a broad-market equity fund's.
This is the growth half of small caps, not the whole asset class. Broad small-cap funds like VB and SCHA hold both styles for 0.03%.

Full ILCG profile⁠

Full ISCG profile⁠

ILCG vs ISCG Holdings

How ILCG and ISCG differ

Overlap by weight

0.1%

Shared holdings make up 0.1% of ILCG and 0.1% of ISCG.

Level by level

Holdings0 in both0.1%
Sector11 Sectors63.9%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in ILCG and ISCG, widest gap first
Sector	More in ILCGMore in ISCG	ILCG	ISCG
Technology	ILCG +29.7 points	53.5%	23.8%
Industrials	ISCG +12.8 points	9.7%	22.5%
Health Care	ISCG +11.8 points	6.5%	18.4%
Communication	ILCG +5.5 points	8.5%	3.0%
Financials	ISCG +3.8 points	5.5%	9.3%
Real Estate	ISCG +3.5 points	1.6%	5.1%
Energy	ISCG +2.3 points	0.8%	3.1%
Materials	ISCG +1.5 points	1.4%	2.9%
Consumer Discretionary	ILCG +0.8 points	9.7%	8.9%
Consumer Staples	ISCG +0.4 points	1.8%	2.2%
Utilities	Same weight	0.9%	0.9%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and ISCG, widest gap first
Country	More in ILCGMore in ISCG	ILCG	ISCG
United States	Same weight	99.5%	99.5%
Brazil	ISCG +0.1 points	0.1%	0.2%
China	ILCG +0.1 points	0.1%	0.0%
Mexico	ILCG +0.1 points	0.1%	0.0%
Switzerland	ILCG +0.1 points	0.1%	0.0%
Taiwan	ISCG +0.1 points	0.0%	0.1%
United Kingdom	ILCG +0.1 points	0.1%	0.0%
Singapore	ISCG +0.1 points	0.0%	0.1%
Other countries (2)	ISCG +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

ILCG49.8%
ISCG7.2%

Securities held

ILCG325
ISCG916

Asset class

ILCG: Equity
ISCG: Equity

Holdings

Only in ILCG325
In both0
Only in ISCG916

Only in ILCG

325 securities, 99.9% of ILCG by weight

NVIDIA15.40%
Apple8.12%
Broadcom Inc4.92%
Amazon.com Inc4.21%
Eli Lilly3.66%
Microsoft3.08%
Alphabet Class A3.01%
Advanced Micro Devices2.66%
Alphabet Class C2.43%
Tesla Inc2.26%
Micron Technology1.77%
Meta Platforms Class A1.59%
Palantir Technologies Class A1.32%
Visa Class A1.14%
Ge Aerospace1.01%
Applied Material Inc1.00%
Intel Corporation0.99%
Lam Research0.97%
Palo Alto Networks0.96%
Mastercard Class A0.94%
Netflix0.84%
Crowdstrike Holdings Class A0.80%
Ge Vernova0.74%
Walmart0.69%
Kla0.67%
Costco Wholesale Corp0.63%
Amphenol Corp Class A0.63%
Arista Networks0.56%
Marvell Technology0.55%
Welltower0.55%
Caterpillar Inc0.51%
Intuitive Surgical0.49%
Seagate Technology Holdings PLC0.47%
Boeing0.44%
Western Digital Corp0.43%
Texas Instrument0.40%
Analog Devices0.35%
Servicenow0.35%
Oracle0.35%
Snowflake0.33%
Corning0.32%
Quanta Services Inc0.30%
Cadence Design Systems0.29%
Johnson Controls International PLC0.29%
Cloudflare Class A0.29%
Freeport Mcmoran Inc0.29%
Vertiv Holdings Class A0.28%
Dell Technologies Inc Class C0.28%
Fortinet0.27%
Motorola Solutions Inc0.26%

Only in ISCG

916 securities, 99.9% of ISCG by weight

Okta Class A1.22%
Atlassian Corp Class A1.06%
Guardant Health0.78%
Roku Class A0.67%
Rubrik Class A0.66%
Nutanix Class A0.62%
Dynatrace Inc0.58%
Nordson0.54%
Lincoln Electric Holdings0.51%
Medpace Holdings0.51%
Ralph Lauren Class A0.48%
Neurocrine Biosciences0.48%
Manhattan Associates0.47%
Unity Software0.46%
Tradeweb Markets Inc Class A0.45%
Glaukos0.45%
Samsara Class A0.44%
Semtech0.43%
Guidewire Software0.43%
Five Below0.42%
Penumbra0.40%
Texas Roadhouse Inc0.39%
Generac Holdings0.39%
Coca Cola Consolidated Inc0.39%
Bridgebio Pharma0.38%
Hubspot0.37%
Sterling Infrastructure0.37%
Qxo0.37%
Repligen0.37%
Applied Industrial Technologies0.37%
Onto Innovation0.36%
Sitime0.36%
Ensign Group0.36%
Eastgroup Properties Reit0.35%
Ryder System0.35%
Insulet0.35%
Evercore Class A0.34%
Twist Bioscience0.34%
Moog Inc Class A0.34%
Crane0.33%
Jfrog0.33%
Advanced Drainage Systems Inc0.33%
New York Times Class A0.33%
Rambus0.32%
Knight-Swift Transportation Holdin0.31%
Zebra Technologies Corp Class A0.31%
Globus Medical Class A0.31%
Idex0.31%
Watts Water Technologies Class A0.30%
Saia Inc0.30%

Weight gaps

ILCG and ISCG share no securities.

All 325 ILCG holdings⁠All 918 ISCG 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 ISCG Cost

Overpaying ISCG vs ILCG

$421

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

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

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
ISCG 0.06%
Overpaying

Year by year

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

Expense ratio

0.04%ILCG, cheaper
0.06%ISCG

ILCG0.04%ISCG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

ISCG 9th cheapest of 35 funds

ILCG vs ISCG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%; ISCG 0.65%, better
Payout (12M): ILCG $0.48; ISCG $0.40
Last payment: ILCG $0.14; ISCG $0.12
Ex-dividend: ILCG Sep 15, 2026; ISCG Sep 15, 2026
Paid on: ILCG Sep 18, 2026; ISCG Sep 18, 2026
Frequency: ILCG Quarterly; ISCG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

ISCGQuarterly · 38 paymentsAll ISCG payments⁠

ILCG vs ISCG Risk

Fall from peak · 5 years

ILCG
ISCG

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%ISCG 17.6%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06, betterISCG 0.88
Worst fallMax drawdown, 5 years: ILCG −35.4%, betterISCG −37.8%
Market sensitivityBeta, 5 years: ILCG 1.23ISCG 1.14; Market = 1

ILCG and ISCG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCG

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ILCG vs ISCG

In short

Stated mandate

Why people hold it

Worth knowing

How ILCG and ISCG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in ISCG

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

How ILCG and ISCG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in ISCG

Weight gaps