ILCG vs IVW: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

iShares S&P 500 Growth ETF

IVWBNYSE Arca

Overlap

70.9%by weight

Expense ratio

ILCG −0.14pt a year

ILCG0.04%IVW0.18%

Avg volume · 30D

IVW 23.7×the volume

ILCG70.4KIVW1.67M

10Y return · a year

ILCG+17.3%IVW+17.3%

ILCG vs IVW Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+72.2%IVW

Expense ratio: ILCG 0.04%, better; IVW 0.18%
Fund size: ILCG $3B; IVW $74.7B
1Y total return: ILCG +3.2%; IVW +8.2%, better
Yield (12M): ILCG 0.44%, better; IVW 0.36%
Holdings: ILCG 328; IVW 154
Avg volume (30D): ILCG 70.4K sh; IVW 1.67M sh, better
NAV per share: ILCG $109.98; IVW $134.44
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, IVW, with each pillar’s weight
Pillar	ILCG	IVW
Cost30% weight	A96Higher	C49
Mission25% weight	A100Higher	A98
Risk15% weight	C44	B62Higher
Tradability15% weight	B64	A72Higher
Holdings10% weight	C49Higher	D37
Durability5% weight	B64	A84Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and IVW 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 IVW 12th 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 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68
Rank 12BIVWiShares S&P 500 Growth ETFScore 67
Rank 12BVOOGVanguard S&P 500 Growth ETFScore 67

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

IVWBiShares S&P 500 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.

IVW The 2000-vintage original for S&P 500 growth exposure: roughly 150 large caps chosen by a three-factor rules screen, cap-weighted, no manager discretion. Big and liquid, though cheaper trackers of the same benchmark now exist.

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.

IVW The fund seeks to track an index of U.S. large-cap stocks exhibiting strong growth characteristics, selected using measures including earnings and revenue 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.

IVW A 2000-vintage original among style ETFs, now a multi-billion-dollar fund whose returns hug its index very closely.
The growth screen is mechanical: sales growth, earnings change to price, and 12-month price momentum. Rules pick the names, not a stock picker.barchart.com
Actively traded with the iShares plumbing behind it, which supports tight spreads on retail-size orders.
Pays a distribution quarterly and sits in the upper half of the US growth cohort on overall build quality.

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.

IVW At 0.18%, it costs the category median, while SPYG follows the same S&P 500 Growth benchmark for 0.04% and SCHG runs at 0.04%.
Roughly 150 cap-weighted names, so the biggest growth companies drive most of the movement.
This is one half of a style split: the growth side of the S&P 500 only, with the value side living in a separate fund.barchart.com

Full ILCG profile⁠

Full IVW profile⁠

ILCG vs IVW Holdings

How ILCG and IVW differ

Overlap by weight

70.9%

Shared holdings make up 87.0% of IVW and 80.6% of ILCG.

Level by level

Holdings120 in both70.9%
Sector11 Sectors90.6%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in ILCG and IVW, widest gap first
Sector	More in ILCGMore in IVW	ILCG	IVW
Communication	IVW +4.9 points	8.5%	13.4%
Industrials	ILCG +3.9 points	9.7%	5.8%
Financials	IVW +3.8 points	5.5%	9.3%
Consumer Discretionary	ILCG +1.4 points	9.7%	8.3%
Materials	ILCG +1.1 points	1.4%	0.3%
Real Estate	ILCG +1.0 points	1.6%	0.6%
Energy	ILCG +0.8 points	0.8%	0.0%
Consumer Staples	ILCG +0.6 points	1.8%	1.2%
Utilities	ILCG +0.6 points	0.9%	0.3%
Health Care	IVW +0.5 points	6.5%	7.1%
Technology	IVW +0.2 points	53.5%	53.7%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and IVW, widest gap first
Country	More in ILCGMore in IVW	ILCG	IVW
United States	IVW +0.3 points	99.5%	99.8%
China	Same weight	0.1%	0.1%
Brazil	ILCG +0.1 points	0.1%	0.0%
Switzerland	ILCG +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
United Kingdom	ILCG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCG49.8%
IVW59.1%

Securities held

ILCG325
IVW152

Asset class

ILCG: Equity
IVW: Equity

Holdings

Only in ILCG205
In both120
Only in IVW32

Only in ILCG

205 securities, 19.4% of ILCG by weight

Intel Corporation0.99%
Walmart0.69%
Costco Wholesale Corp0.63%
Western Digital Corp0.43%
Texas Instrument0.40%
Analog Devices0.35%
Snowflake0.33%
Cloudflare Class A0.29%
Freeport Mcmoran Inc0.29%
Dell Technologies Inc Class C0.28%
Motorola Solutions Inc0.26%
Deere0.25%
Ecolab0.25%
Cintas0.24%
Aon PLC Class A0.22%
Csx0.21%
Cencora0.20%
Starbucks Corp0.20%
Marathon Petroleum0.20%
Ww Grainger Inc0.19%
Fastenal0.19%
Equinix Reit0.18%
Eaton PLC0.18%
Natera0.18%
Emerson Electric0.18%
Ametek Inc0.18%
Baker Hughes Class A0.18%
Synopsys0.18%
Keysight Technologies0.17%
Charles Schwab0.16%
Sherwin Williams0.16%
Westinghouse Air Brake Technologie0.15%
Nasdaq Inc0.15%
Nxp Semiconductors NV0.14%
Digital Realty Trust Reit0.14%
Arthur J Gallagher0.14%
Vertex Pharmaceuticals0.14%
Microchip Technology Inc0.14%
Illinois Tool Inc0.13%
Block Class A0.13%
Astera Labs0.13%
Chipotle Mexican Grill0.13%
Nucor0.13%
Williams0.12%
Marsh0.12%
Vulcan Materials0.11%
Norfolk Southern Corp0.11%
Mercadolibre0.11%
Allstate Corp0.11%
Martin Marietta Materials0.11%

Only in IVW

32 securities, 13.0% of IVW by weight

Berkshire Hathaway Inc Class B2.90%
JPMorgan Chase & Co1.75%
Johnson & Johnson1.11%
Rtx0.77%
AbbVie0.69%
Cisco Systems Inc0.63%
Philip Morris International0.52%
Amgen Inc0.49%
Goldman Sachs Group0.49%
Coca-Cola0.44%
Morgan Stanley0.38%
International Business Machines Co0.36%
Gilead Sciences0.33%
Newmont0.32%
Booking Holdings0.32%
Mcdonalds Corp0.23%
Progressive0.22%
Hca Healthcare0.20%
Cme Group Class A0.17%
Intuit0.15%
General Dynamics Corp0.14%
Boston Scientific0.12%
Cboe Global Markets0.05%
Workday Class A0.05%
Ralph Lauren Class A0.04%
Insulet0.03%
Wr Berkley0.03%
Allegion PLC0.02%
Fox Class A0.02%
Wynn Resorts0.02%
Fox Class B0.01%
Norwegian Cruise Line Holdings0.01%

Weight gaps

The 100 widest of 120 Holdings in both funds.

Holding weights in ILCG and IVW, widest gap first
Holding	More in ILCGMore in IVW	ILCG	IVW
MicrosoftMSFT	IVW +8.03 points	3.08%	11.11%
Meta Platforms Class AMETA	IVW +2.30 points	1.59%	3.89%
Alphabet Class AGOOGL	IVW +1.70 points	3.01%	4.71%
Alphabet Class CGOOG	IVW +1.36 points	2.43%	3.79%
NVIDIANVDA	ILCG +1.21 points	15.40%	14.19%
Micron TechnologyMU	IVW +1.09 points	1.77%	2.86%
AppleAAPL	ILCG +0.91 points	8.12%	7.21%
Amazon.com IncAMZN	ILCG +0.63 points	4.21%	3.58%
Ge AerospaceGE	ILCG +0.54 points	1.01%	0.47%
Palo Alto NetworksPANW	ILCG +0.48 points	0.96%	0.48%
Broadcom IncAVGO	ILCG +0.47 points	4.92%	4.45%
Eli LillyLLY	ILCG +0.41 points	3.66%	3.25%
Marvell TechnologyMRVL	ILCG +0.32 points	0.55%	0.23%
Caterpillar IncCAT	IVW +0.31 points	0.51%	0.82%
Advanced Micro DevicesAMD	ILCG +0.30 points	2.66%	2.36%
Uber TechnologiesUBER	IVW +0.27 points	0.11%	0.38%
BoeingBA	ILCG +0.27 points	0.44%	0.17%
Tesla IncTSLA	ILCG +0.26 points	2.26%	2.00%
SandiskSNDK	IVW +0.23 points	0.25%	0.48%
Seagate Technology Holdings PLCSTX	ILCG +0.20 points	0.47%	0.27%
American ExpressAXP	IVW +0.18 points	0.15%	0.33%
ServicenowNOW	ILCG +0.16 points	0.35%	0.19%
Marriott International Class AMAR	IVW +0.13 points	0.11%	0.24%
Moodys CorpMCO	ILCG +0.14 points	0.24%	0.10%
Cadence Design SystemsCDNS	ILCG +0.13 points	0.29%	0.16%
CorningGLW	ILCG +0.13 points	0.32%	0.19%
FortinetFTNT	ILCG +0.12 points	0.27%	0.15%
Airbnb Class AABNB	ILCG +0.12 points	0.21%	0.09%
Johnson Controls International PLCJCI	ILCG +0.12 points	0.29%	0.17%
Applied Material IncAMAT	ILCG +0.11 points	1.00%	0.89%
Lam ResearchLRCX	ILCG +0.11 points	0.97%	0.86%
Palantir Technologies Class APLTR	ILCG +0.11 points	1.32%	1.21%
Edwards LifesciencesEW	ILCG +0.10 points	0.17%	0.07%
NetflixNFLX	ILCG +0.10 points	0.84%	0.74%
Cummins IncCMI	ILCG +0.09 points	0.22%	0.13%
Carvana Class ACVNA	ILCG +0.09 points	0.16%	0.07%
Ge VernovaGEV	ILCG +0.09 points	0.74%	0.65%
AutodeskADSK	ILCG +0.08 points	0.17%	0.09%
Rockwell Automation IncROK	ILCG +0.08 points	0.16%	0.08%
KlaKLAC	ILCG +0.08 points	0.67%	0.59%
MsciMSCI	ILCG +0.07 points	0.14%	0.07%
Ventas ReitVTR	ILCG +0.08 points	0.14%	0.06%
AutozoneAZO	ILCG +0.07 points	0.17%	0.10%
Crowdstrike Holdings Class ACRWD	ILCG +0.07 points	0.80%	0.73%
Veeva Systems Class AVEEV	ILCG +0.07 points	0.15%	0.08%
Ross Stores IncROST	ILCG +0.07 points	0.17%	0.10%
TeradyneTER	ILCG +0.07 points	0.14%	0.07%
Amphenol Corp Class AAPH	ILCG +0.07 points	0.63%	0.56%
WelltowerWELL	ILCG +0.07 points	0.55%	0.48%
Carnival Corp LtdCCL	IVW +0.06 points	0.05%	0.11%
Take Two Interactive SoftwareTTWO	ILCG +0.06 points	0.11%	0.05%
Arista NetworksANET	ILCG +0.05 points	0.56%	0.51%
TjxTJX	IVW +0.05 points	0.19%	0.24%
Intuitive SurgicalISRG	ILCG +0.05 points	0.49%	0.44%
Dexcom IncDXCM	ILCG +0.05 points	0.10%	0.05%
Mastercard Class AMA	IVW +0.05 points	0.94%	0.99%
United RentalsURI	ILCG +0.04 points	0.16%	0.12%
JabilJBL	ILCG +0.04 points	0.09%	0.05%
Parker-HannifinPH	IVW +0.04 points	0.14%	0.18%
Axon EnterpriseAXON	ILCG +0.04 points	0.11%	0.07%
Live Nation EntertainmentLYV	ILCG +0.04 points	0.08%	0.04%
Expedia GroupEXPE	IVW +0.03 points	0.06%	0.09%
S&P GlobalSPGI	IVW +0.04 points	0.14%	0.18%
EbayEBAY	IVW +0.03 points	0.07%	0.10%
Incyte CorpINCY	IVW +0.03 points	0.03%	0.06%
Quanta Services IncPWR	ILCG +0.03 points	0.30%	0.27%
Royal Caribbean GroupRCL	ILCG +0.03 points	0.25%	0.22%
Ferguson EnterprisesFERG	ILCG +0.03 points	0.09%	0.06%
Vertiv Holdings Class AVRT	ILCG +0.02 points	0.28%	0.26%
Howmet AerospaceHWM	ILCG +0.03 points	0.26%	0.23%
Fair IsaacFICO	ILCG +0.03 points	0.05%	0.02%
Lumentum HoldingsLITE	ILCG +0.03 points	0.24%	0.21%
Ulta Beauty IncULTA	IVW +0.03 points	0.05%	0.08%
Simon Property Group Reit IncSPG	ILCG +0.03 points	0.11%	0.08%
Yum BrandsYUM	ILCG +0.03 points	0.09%	0.06%
Oreilly Automotive IncORLY	ILCG +0.03 points	0.23%	0.20%
Datadog Inc Class ADDOG	ILCG +0.02 points	0.25%	0.23%
Doordash Class ADASH	ILCG +0.03 points	0.22%	0.19%
Visa Class AV	ILCG +0.03 points	1.14%	1.11%
VistraVST	ILCG +0.02 points	0.15%	0.13%
Hilton Worldwide HoldingsHLT	ILCG +0.02 points	0.25%	0.23%
First SolarFSLR	IVW +0.02 points	0.03%	0.05%
Transdigm GroupTDG	ILCG +0.02 points	0.20%	0.18%
Applovin Class AAPP	ILCG +0.02 points	0.20%	0.18%
Apollo Global ManagementAPO	ILCG +0.02 points	0.10%	0.08%
Robinhood Markets Class AHOOD	ILCG +0.02 points	0.21%	0.19%
Illumina IncILMN	ILCG +0.01 points	0.07%	0.06%
StrykerSYK	IVW +0.02 points	0.10%	0.12%
Reddit Class ARDDT	ILCG +0.02 points	0.04%	0.02%
Bank of New York Mellon CorpBNY	ILCG +0.02 points	0.20%	0.18%
Bloom Energy Class ABE	ILCG +0.02 points	0.19%	0.17%
TapestryTPR	IVW +0.02 points	0.05%	0.07%
CienaCIEN	ILCG +0.02 points	0.15%	0.13%
Monster BeverageMNST	ILCG +0.02 points	0.21%	0.19%
Trane Technologies PLCTT	ILCG +0.01 points	0.15%	0.14%
Mettler ToledoMTD	ILCG +0.01 points	0.06%	0.05%
Nrg Energy IncNRG	IVW +0.01 points	0.03%	0.04%
Monolithic Power Systems IncMPWR	ILCG +0.01 points	0.18%	0.17%
Comfort Systems UsaFIX	ILCG +0.02 points	0.14%	0.12%
Idexx LaboratoriesIDXX	ILCG +0.01 points	0.13%	0.12%

All 325 ILCG holdings⁠All 152 IVW 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 IVW Cost

Overpaying IVW vs ILCG

$2,900

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

ILCG 0.04%
$849
IVW 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
IVW 0.18%
Overpaying

Year by year

Year	ILCG	IVW	Overpaying
10	$73	$328	$255
20	$288	$1,281	$993
30	$849	$3,749	$2,900

Expense ratio

0.04%ILCG, cheaper
0.18%IVW

ILCG0.04%IVW0.18%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

IVW 17th cheapest of 35 funds

ILCG vs IVW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%, better; IVW 0.36%
Payout (12M): ILCG $0.48; IVW $0.49
Last payment: ILCG $0.14; IVW $0.13
Ex-dividend: ILCG Sep 15, 2026; IVW Sep 15, 2026
Paid on: ILCG Sep 18, 2026; IVW Sep 18, 2026
Frequency: ILCG Quarterly; IVW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

IVWQuarterly · 38 paymentsAll IVW payments⁠

ILCG vs IVW Risk

Fall from peak · 5 years

ILCG
IVW

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%IVW 16.5%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06IVW 1.27, better
Worst fallMax drawdown, 5 years: ILCG −35.4%IVW −32.7%, better
Market sensitivityBeta, 5 years: ILCG 1.23IVW 1.17; Market = 1

ILCG and IVW in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCGIVW
Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026IVW
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IVW

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ILCG vs IVW

In short

Stated mandate

Why people hold it