ILCG vs IWF: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

iShares Russell 1000 Growth ETF

IWFBNYSE Arca

Overlap

77.6%by weight

Expense ratio

ILCG −0.14pt a year

ILCG0.04%IWF0.18%

Avg volume · 30D

IWF 64.1×the volume

ILCG70.4KIWF4.51M

10Y return · a year

IWF +0.2pt

ILCG+17.3%IWF+17.5%

ILCG vs IWF Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+62.2%IWF

Expense ratio: ILCG 0.04%, better; IWF 0.18%
Fund size: ILCG $3B; IWF $120B
1Y total return: ILCG +3.2%, better; IWF −2.8%
Yield (12M): ILCG 0.44%, better; IWF 0.37%
Holdings: ILCG 328; IWF 375
Avg volume (30D): ILCG 70.4K sh; IWF 4.51M sh, better
NAV per share: ILCG $109.98; IWF $117.59
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, IWF, with each pillar’s weight
Pillar	ILCG	IWF
Cost30% weight	A96Higher	C49
Mission25% weight	A100	A100
Risk15% weight	C44Higher	D29
Tradability15% weight	B64	A96Higher
Holdings10% weight	C49Higher	C43
Durability5% weight	B64	A86Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and IWF 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 IWF 14th 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 12BVOOGVanguard S&P 500 Growth ETFScore 67
Rank 14BIWFiShares Russell 1000 Growth ETFScore 66
Rank 14BVTWGVanguard Russell 2000 Growth ETFScore 66

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

IWFBiShares Russell 1000 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.

IWF Trading since 2000, IWF is the heavyweight way to own the Russell 1000 Growth Index: roughly 400 US large- and mid-cap growth names, in one of the biggest and busiest funds in its group. Cheaper clones of the same index 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.

IWF The Fund seeks to follow the Russell 1000 Growth Index, representing U.S. large- and mid-capitalization equities selected for growth characteristics. It generally invests at least 80% of assets in index components.

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.

IWF Running since 2000 and now among the largest and most actively traded growth ETFs, so getting in and out rarely means fighting a wide spread.
The mandate is plain: follow the Russell 1000 Growth Index, at least 80% in index components. Its index tracking measures among the tightest in its peer group.ishares.com
One ticker buys about 400 US large- and mid-cap stocks selected for growth characteristics, with cash paid out quarterly.

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.

IWF The 0.18% fee sits mid-pack for growth ETFs, and VONG follows the identical Russell 1000 Growth Index for a fraction of it. Same index, different sticker.
A growth screen keeps only part of the Russell 1000, so the ride depends on whichever names the index currently counts as fast growers.

Full ILCG profile⁠

Full IWF profile⁠

ILCG vs IWF Holdings

How ILCG and IWF differ

Overlap by weight

77.6%

Shared holdings make up 93.5% of IWF and 87.9% of ILCG.

Level by level

Holdings189 in both77.6%
Sector11 Sectors90.8%
Asset classEquity100%
Countryby domicile99.6%

Sector

Sector weights in ILCG and IWF, widest gap first
Sector	More in ILCGMore in IWF	ILCG	IWF
Communication	IWF +7.0 points	8.5%	15.5%
Industrials	ILCG +2.5 points	9.7%	7.2%
Technology	IWF +2.2 points	53.5%	55.7%
Consumer Discretionary	ILCG +1.8 points	9.7%	7.9%
Materials	ILCG +1.1 points	1.4%	0.3%
Real Estate	ILCG +1.2 points	1.6%	0.4%
Utilities	ILCG +0.6 points	0.9%	0.3%
Financials	ILCG +0.6 points	5.5%	4.9%
Health Care	ILCG +0.6 points	6.5%	6.0%
Consumer Staples	ILCG +0.5 points	1.8%	1.3%
Energy	ILCG +0.2 points	0.8%	0.6%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and IWF, widest gap first
Country	More in ILCGMore in IWF	ILCG	IWF
United States	IWF +0.2 points	99.5%	99.7%
Brazil	IWF +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%
Canada	IWF +0.1 points	0.0%	0.1%
United Kingdom	ILCG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCG49.8%
IWF56.9%

Securities held

ILCG325
IWF373

Asset class

ILCG: Equity
IWF: Equity

Holdings

Only in ILCG136
In both189
Only in IWF184

Only in ILCG

136 securities, 12.1% of ILCG by weight

Intel Corporation0.99%
Welltower0.55%
Seagate Technology Holdings PLC0.47%
Freeport Mcmoran Inc0.29%
Deere0.25%
Ecolab0.25%
Oreilly Automotive Inc0.23%
Aon PLC Class A0.22%
Csx0.21%
Equinix Reit0.18%
Emerson Electric0.18%
Ametek Inc0.18%
Baker Hughes Class A0.18%
Synopsys0.18%
Edwards Lifesciences0.17%
Westinghouse Air Brake Technologie0.15%
Veeva Systems Class A0.15%
Nasdaq Inc0.15%
S&P Global0.14%
Parker-Hannifin0.14%
Ventas Reit0.14%
Nxp Semiconductors NV0.14%
Digital Realty Trust Reit0.14%
Arthur J Gallagher0.14%
Vertex Pharmaceuticals0.14%
Block Class A0.13%
Te Connectivity PLC0.13%
Nucor0.13%
Williams0.12%
Marsh0.12%
Vulcan Materials0.11%
Norfolk Southern Corp0.11%
Mercadolibre0.11%
Allstate Corp0.11%
Martin Marietta Materials0.11%
L3HARRIS Technologies0.10%
Apollo Global Management0.10%
Air Products and Chemicals0.10%
Northrop Grumman Corp0.10%
Stryker0.10%
Coinbase Global Class A0.10%
Waters Corp0.10%
Flex Ltd0.10%
American Electric Power Inc0.10%
Garmin0.10%
Republic Services Inc0.09%
West Pharmaceutical Services0.09%
Vylor0.09%
Entergy Corp0.09%
Agilent Technologies Inc0.08%

Only in IWF

184 securities, 6.5% of IWF by weight

Home Depot0.74%
Amgen Inc0.53%
Lockheed Martin0.40%
Booking Holdings0.35%
Spotify Technology0.27%
Space Exploration Technologies Cor0.24%
Adobe Inc0.21%
American Tower Reit0.17%
Automatic Data Processing Inc0.13%
Nu Holdings Class A0.13%
Coca-Cola0.13%
AbbVie0.12%
Anglogold Ashanti PLC0.12%
Citigroup0.10%
Atlassian Corp Class A0.10%
Intuit0.08%
Waste Management Inc0.07%
Bank of America0.07%
Pepsico0.07%
Guardant Health0.06%
Ftai Aviation0.06%
Roku Class A0.06%
Sysco0.06%
Brookfield Asset Management Voting0.05%
Viking Holdings Ltd0.05%
Halozyme Therapeutics0.05%
Medpace Holdings0.05%
Gartner0.04%
Restaurants Brands International0.04%
Samsara Class A0.04%
Manhattan Associates0.04%
Rubrik Class A0.04%
Godaddy Class A0.04%
Valero Energy Corp0.04%
Semtech0.04%
3M0.04%
Ascendis Pharma0.04%
Neurocrine Biosciences0.04%
Penumbra0.04%
Union Pacific0.04%
Kimberly Clark0.04%
Bridgebio Pharma0.03%
Sterling Infrastructure0.03%
Sitime0.03%
Insulet0.03%
Hubspot0.03%
Solstice Advanced Materials Inc0.03%
Draftkings Class A0.03%
Rambus0.03%
Digitalocean Holdings0.03%

Weight gaps

The 100 widest of 189 Holdings in both funds.

Holding weights in ILCG and IWF, widest gap first
Holding	More in ILCGMore in IWF	ILCG	IWF
Amazon.com IncAMZN	ILCG +3.61 points	4.21%	0.60%
MicrosoftMSFT	IWF +2.90 points	3.08%	5.98%
Alphabet Class AGOOGL	IWF +2.01 points	3.01%	5.02%
Meta Platforms Class AMETA	IWF +1.82 points	1.59%	3.41%
Alphabet Class CGOOG	IWF +1.65 points	2.43%	4.08%
Micron TechnologyMU	IWF +1.43 points	1.77%	3.20%
Tesla IncTSLA	IWF +1.32 points	2.26%	3.58%
Visa Class AV	IWF +0.97 points	1.14%	2.11%
Mastercard Class AMA	IWF +0.62 points	0.94%	1.56%
WalmartWMT	ILCG +0.55 points	0.69%	0.14%
Texas InstrumentTXN	IWF +0.46 points	0.40%	0.86%
Caterpillar IncCAT	IWF +0.38 points	0.51%	0.89%
OracleORCL	IWF +0.38 points	0.35%	0.73%
SandiskSNDK	IWF +0.34 points	0.25%	0.59%
Eli LillyLLY	ILCG +0.33 points	3.66%	3.33%
Analog DevicesADI	ILCG +0.30 points	0.35%	0.05%
Johnson Controls International PLCJCI	ILCG +0.27 points	0.29%	0.02%
NVIDIANVDA	ILCG +0.26 points	15.40%	15.14%
Mckesson CorpMCK	IWF +0.23 points	0.10%	0.33%
Dell Technologies Inc Class CDELL	ILCG +0.23 points	0.28%	0.05%
AppleAAPL	IWF +0.18 points	8.12%	8.30%
BoeingBA	ILCG +0.18 points	0.44%	0.26%
Bank of New York Mellon CorpBNY	ILCG +0.18 points	0.20%	0.02%
Motorola Solutions IncMSI	ILCG +0.17 points	0.26%	0.09%
Constellation Energy CorpCEG	ILCG +0.15 points	0.17%	0.02%
AutozoneAZO	ILCG +0.15 points	0.17%	0.02%
Advanced Micro DevicesAMD	IWF +0.14 points	2.66%	2.80%
MsciMSCI	ILCG +0.13 points	0.14%	<0.01%
Trane Technologies PLCTT	IWF +0.14 points	0.15%	0.29%
Moodys CorpMCO	ILCG +0.14 points	0.24%	0.10%
BlackstoneBX	IWF +0.13 points	0.09%	0.22%
Charles SchwabSCHW	ILCG +0.13 points	0.16%	0.03%
Cummins IncCMI	ILCG +0.12 points	0.22%	0.10%
Monster BeverageMNST	ILCG +0.12 points	0.21%	0.09%
Royal Caribbean GroupRCL	ILCG +0.12 points	0.25%	0.13%
Eaton PLCETN	ILCG +0.11 points	0.18%	0.07%
United RentalsURI	ILCG +0.11 points	0.16%	0.05%
Transdigm GroupTDG	ILCG +0.10 points	0.20%	0.10%
Simon Property Group Reit IncSPG	IWF +0.10 points	0.11%	0.21%
CoherentCOHR	ILCG +0.10 points	0.13%	0.03%
Targa ResourcesTRGP	IWF +0.10 points	0.10%	0.20%
Sherwin WilliamsSHW	ILCG +0.10 points	0.16%	0.06%
Marriott International Class AMAR	IWF +0.09 points	0.11%	0.20%
On Semiconductor CorpON	ILCG +0.09 points	0.09%	<0.01%
Old Dominion Freight LineODFL	ILCG +0.08 points	0.10%	0.02%
Ferguson EnterprisesFERG	ILCG +0.08 points	0.09%	<0.01%
Twilio Class ATWLO	ILCG +0.08 points	0.10%	0.02%
Estee Lauder Inc Class AEL	ILCG +0.08 points	0.09%	0.01%
Keysight TechnologiesKEYS	ILCG +0.07 points	0.17%	0.10%
Uber TechnologiesUBER	ILCG +0.07 points	0.11%	0.04%
Steel Dynamics IncSTLD	ILCG +0.07 points	0.08%	<0.01%
Interactive Brokers Group Inc ClasIBKR	ILCG +0.07 points	0.11%	0.04%
Entegris IncENTG	ILCG +0.07 points	0.08%	0.01%
Illinois Tool IncITW	ILCG +0.06 points	0.13%	0.07%
Sofi TechnologiesSOFI	ILCG +0.06 points	0.07%	<0.01%
Revolution MedicinesRVMD	IWF +0.06 points	0.05%	0.11%
Super Micro Computer IncSMCI	ILCG +0.05 points	0.06%	<0.01%
NetflixNFLX	ILCG +0.06 points	0.84%	0.78%
Kkr and Co IncKKR	ILCG +0.06 points	0.10%	0.04%
Ameriprise Finance IncAMP	ILCG +0.05 points	0.06%	0.01%
Centene CorpCNC	ILCG +0.05 points	0.06%	<0.01%
Costco Wholesale CorpCOST	ILCG +0.04 points	0.63%	0.59%
Public Storage ReitPSA	ILCG +0.05 points	0.07%	0.02%
Northern TrustNTRS	ILCG +0.05 points	0.05%	<0.01%
Yum BrandsYUM	ILCG +0.05 points	0.09%	0.04%
Lpl Financial HoldingsLPLA	ILCG +0.05 points	0.07%	0.02%
Broadcom IncAVGO	ILCG +0.04 points	4.92%	4.88%
Hershey FoodsHSY	ILCG +0.04 points	0.05%	<0.01%
Darden Restaurants IncDRI	IWF +0.04 points	0.04%	0.08%
Expedia GroupEXPE	IWF +0.04 points	0.06%	0.10%
Clean Harbors IncCLH	ILCG +0.04 points	0.05%	<0.01%
MksMKSI	ILCG +0.04 points	0.04%	<0.01%
Ww Grainger IncGWW	ILCG +0.03 points	0.19%	0.16%
Cbre Group Class ACBRE	ILCG +0.04 points	0.05%	0.01%
Nvent Electric PLCNVT	ILCG +0.04 points	0.07%	0.03%
Rbc BearingsRBC	ILCG +0.04 points	0.05%	<0.01%
Robinhood Markets Class AHOOD	ILCG +0.03 points	0.21%	0.18%
FastenalFAST	ILCG +0.04 points	0.19%	0.15%
Somnigroup InternationalSGI	ILCG +0.03 points	0.04%	<0.01%
EbayEBAY	ILCG +0.04 points	0.07%	0.03%
Zoetis Inc Class AZTS	IWF +0.04 points	0.04%	0.08%
Ulta Beauty IncULTA	ILCG +0.03 points	0.05%	0.02%
Costar GroupCSGP	ILCG +0.04 points	0.04%	<0.01%
Southwest AirlinesLUV	ILCG +0.03 points	0.04%	<0.01%
Nrg Energy IncNRG	IWF +0.03 points	0.03%	0.06%
Williams Sonoma IncWSM	ILCG +0.03 points	0.04%	0.01%
Palo Alto NetworksPANW	ILCG +0.03 points	0.96%	0.93%
Rockwell Automation IncROK	ILCG +0.03 points	0.16%	0.13%
TjxTJX	IWF +0.03 points	0.19%	0.22%
First SolarFSLR	ILCG +0.03 points	0.03%	<0.01%
Curtiss WrightCW	ILCG +0.03 points	0.06%	0.03%
Ge AerospaceGE	ILCG +0.03 points	1.01%	0.98%
Lennox InternationalLII	ILCG +0.03 points	0.04%	<0.01%
Marvell TechnologyMRVL	IWF +0.03 points	0.55%	0.58%
Ross Stores IncROST	IWF +0.02 points	0.17%	0.19%
Technipfmc PLCFTI	ILCG +0.03 points	0.06%	0.03%
Lumentum HoldingsLITE	ILCG +0.02 points	0.24%	0.22%
Cardinal HealthCAH	ILCG +0.02 points	0.10%	0.08%
TapestryTPR	IWF +0.02 points	0.05%	0.07%
Coreweave Class ACRWV	IWF +0.02 points	0.04%	0.06%

All 325 ILCG holdings⁠All 373 IWF 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 IWF Cost

Overpaying IWF vs ILCG

$2,900

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

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

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
IWF 0.18%
Overpaying

Year by year

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

Expense ratio

0.04%ILCG, cheaper
0.18%IWF

ILCG0.04%IWF0.18%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

IWF 17th cheapest of 35 funds

ILCG vs IWF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%, better; IWF 0.37%
Payout (12M): ILCG $0.48; IWF $0.43
Last payment: ILCG $0.14; IWF $0.11
Ex-dividend: ILCG Sep 15, 2026; IWF Sep 15, 2026
Paid on: ILCG Sep 18, 2026; IWF Sep 18, 2026
Frequency: ILCG Quarterly; IWF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

IWFQuarterly · 39 paymentsAll IWF payments⁠

ILCG vs IWF Risk

Fall from peak · 5 years

ILCG
IWF

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%IWF 16.8%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06, betterIWF 1.01
Worst fallMax drawdown, 5 years: ILCG −35.4%IWF −32.7%, better
Market sensitivityBeta, 5 years: ILCG 1.23IWF 1.17; Market = 1

ILCG and IWF in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCGIWF
Head-to-Head
SPYM leads IWF by 9.4 percentage points in 2026. They are not the same bet
Oct 21, 2026IWF
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IWF
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IWF
First-Year Review
Polen Focus Growth ETF lags the Russell 1000 Growth in its first year
Sep 30, 2026IWF
ETF Filings
BlackRock files to convert Advantage Large Cap Growth into a 0.22% ETF
Sep 29, 2026IWF

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ILCG vs IWF

In short

Stated mandate

Why people hold it