ILCG vs MGK: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

Vanguard Morningstar Mega Cap Growth ETF

MGKBNYSE Arca

Overlap

67.6%by weight

Expense ratio

ILCG −0.01pt a year

ILCG0.04%MGK0.05%

Avg volume · 30D

MGK 18.7×the volume

ILCG70.4KMGK1.32M

10Y return · a year

MGK +1.2pt

ILCG+17.3%MGK+18.5%

ILCG vs MGK Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+75.1%MGK

Expense ratio: ILCG 0.04%, better; MGK 0.05%
Fund size: ILCG $3B; MGK $35B
1Y total return: ILCG +3.2%; MGK +3.6%, better
Yield (12M): ILCG 0.44%, better; MGK 0.35%
Holdings: ILCG 328; MGK 55
Avg volume (30D): ILCG 70.4K sh; MGK 1.32M sh, better
NAV per share: ILCG $109.98; MGK $86.83
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, MGK, with each pillar’s weight
Pillar	ILCG	MGK
Cost30% weight	A96Higher	A78
Mission25% weight	A100Higher	A99
Risk15% weight	C44Higher	C40
Tradability15% weight	B64Higher	B56
Holdings10% weight	C49Higher	D25
Durability5% weight	B64	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and MGK 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 MGK 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 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68
Rank 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68
Rank 12BIVWiShares S&P 500 Growth ETFScore 67

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

MGKBVanguard Morningstar Mega 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.

MGK The growth half of America's giants, roughly 70 names, for five basis points. Vanguard has run it since 2007, and it charges a quarter of what the typical mega-cap fund does.

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.

MGK Seeks to track a benchmark measuring the return of large-capitalization growth stocks in the United States. The fund uses passive indexing to track the CRSP US Mega Cap Growth 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.

MGK 0.05% a year against a 0.20% median in its mega-cap peer group. Only Vanguard's own MGC matches that price.
Tracks the CRSP US Mega Cap Growth Index about as tightly as index funds get, one of the strongest implementations in its cohort.
The index takes the growth side of the top 70% of US market cap and moves names between size bands gradually, which keeps turnover down.crsp.org crsp.org 2
Listed in December 2007 and now a multi-billion-dollar fund that trades actively, which usually shows up as tight spreads.

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.

MGK About 70 stocks, weighted by float-adjusted market cap. The handful at the top set the tone for the whole fund.crsp.org
Growth only. Value-leaning mega caps sit outside the index; sibling MGC holds the full mega-cap slice at the same 0.05%.
Distributions land quarterly, but a mega-cap growth mandate means income is a byproduct, not the job.

Full ILCG profile⁠

Full MGK profile⁠

ILCG vs MGK Holdings

How ILCG and MGK differ

Overlap by weight

67.6%

Shared holdings make up 98.8% of MGK and 70.5% of ILCG.

Level by level

Holdings50 in both67.6%
Sector11 Sectors84.5%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in ILCG and MGK, widest gap first
Sector	More in ILCGMore in MGK	ILCG	MGK
Technology	MGK +9.0 points	53.5%	62.5%
Industrials	ILCG +7.3 points	9.7%	2.4%
Communication	MGK +6.5 points	8.5%	15.0%
Health Care	ILCG +2.2 points	6.5%	4.4%
Consumer Staples	ILCG +1.4 points	1.8%	0.4%
Financials	ILCG +1.4 points	5.5%	4.1%
Materials	ILCG +1.0 points	1.4%	0.4%
Utilities	ILCG +0.9 points	0.9%	0.0%
Energy	ILCG +0.8 points	0.8%	0.0%
Real Estate	ILCG +0.4 points	1.6%	1.2%
Consumer Discretionary	ILCG +0.1 points	9.7%	9.6%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and MGK, widest gap first
Country	More in ILCGMore in MGK	ILCG	MGK
United States	MGK +0.5 points	99.5%	100.0%
Other countries (5)	ILCG +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCG49.8%
MGK64.6%

Securities held

ILCG325
MGK53

Asset class

ILCG: Equity
MGK: Equity

Holdings

Only in ILCG275
In both50
Only in MGK3

Only in ILCG

275 securities, 29.4% of ILCG by weight

Micron Technology1.77%
Ge Aerospace1.01%
Walmart0.69%
Costco Wholesale Corp0.63%
Caterpillar Inc0.51%
Texas Instrument0.40%
Analog Devices0.35%
Quanta Services Inc0.30%
Johnson Controls International PLC0.29%
Cloudflare Class A0.29%
Freeport Mcmoran Inc0.29%
Vertiv Holdings Class A0.28%
Dell Technologies Inc Class C0.28%
Motorola Solutions Inc0.26%
Howmet Aerospace0.26%
Deere0.25%
Hilton Worldwide Holdings0.25%
Datadog Inc Class A0.25%
Royal Caribbean Group0.25%
Lumentum Holdings0.24%
Cummins Inc0.22%
Aon PLC Class A0.22%
Doordash Class A0.22%
Robinhood Markets Class A0.21%
Csx0.21%
Transdigm Group0.20%
Cencora0.20%
Bank of New York Mellon Corp0.20%
Starbucks Corp0.20%
Marathon Petroleum0.20%
Ww Grainger Inc0.19%
Bloom Energy Class A0.19%
Fastenal0.19%
Monolithic Power Systems Inc0.18%
Eaton PLC0.18%
Natera0.18%
Emerson Electric0.18%
Ametek Inc0.18%
Baker Hughes Class A0.18%
Autodesk0.17%
Constellation Energy Corp0.17%
Keysight Technologies0.17%
Ross Stores Inc0.17%
Autozone0.17%
Edwards Lifesciences0.17%
United Rentals0.16%
Charles Schwab0.16%
Carvana Class A0.16%
Rockwell Automation Inc0.16%
Sherwin Williams0.16%

Only in MGK

3 securities, 1.0% of MGK by weight

Booking Holdings Inc0.55%
Space Exploration Technologies Corp0.50%
SLBBH11420.00%

Weight gaps

All 50 Holdings in both funds, largest gap first.

Holding weights in ILCG and MGK, widest gap first
Holding	More in ILCGMore in MGK	ILCG	MGK
MicrosoftMSFT	MGK +6.40 points	3.08%	9.48%
AppleAAPL	MGK +4.43 points	8.12%	12.55%
Meta Platforms Class AMETA	MGK +3.38 points	1.59%	4.97%
Alphabet Class AGOOGL	MGK +1.98 points	3.01%	4.99%
NVIDIANVDA	ILCG +1.68 points	15.40%	13.72%
Alphabet Class CGOOG	MGK +1.53 points	2.43%	3.96%
Tesla IncTSLA	MGK +0.89 points	2.26%	3.15%
Intel CorporationINTC	MGK +0.88 points	0.99%	1.87%
SandiskSNDK	MGK +0.73 points	0.25%	0.98%
Visa Class AV	MGK +0.72 points	1.14%	1.86%
Broadcom IncAVGO	ILCG +0.61 points	4.92%	4.31%
Advanced Micro DevicesAMD	MGK +0.57 points	2.66%	3.23%
OracleORCL	MGK +0.55 points	0.35%	0.90%
Mastercard Class AMA	MGK +0.55 points	0.94%	1.49%
Eli LillyLLY	ILCG +0.55 points	3.66%	3.11%
Lam ResearchLRCX	MGK +0.48 points	0.97%	1.45%
Vertex PharmaceuticalsVRTX	MGK +0.47 points	0.14%	0.61%
Applied Material IncAMAT	MGK +0.45 points	1.00%	1.45%
Marvell TechnologyMRVL	MGK +0.40 points	0.55%	0.95%
Seagate Technology Holdings PLCSTX	MGK +0.39 points	0.47%	0.86%
Equinix ReitEQIX	MGK +0.34 points	0.18%	0.52%
SynopsysSNPS	MGK +0.32 points	0.18%	0.50%
KlaKLAC	MGK +0.32 points	0.67%	0.99%
Arista NetworksANET	MGK +0.32 points	0.56%	0.88%
ServicenowNOW	MGK +0.27 points	0.35%	0.62%
Palo Alto NetworksPANW	MGK +0.27 points	0.96%	1.23%
CorningGLW	MGK +0.26 points	0.32%	0.58%
TjxTJX	MGK +0.25 points	0.19%	0.44%
Western Digital CorpWDC	MGK +0.25 points	0.43%	0.68%
Applovin Class AAPP	MGK +0.25 points	0.20%	0.45%
Marriott International Class AMAR	MGK +0.24 points	0.11%	0.35%
Crowdstrike Holdings Class ACRWD	MGK +0.24 points	0.80%	1.04%
Ge VernovaGEV	MGK +0.24 points	0.74%	0.98%
Cadence Design SystemsCDNS	MGK +0.24 points	0.29%	0.53%
NetflixNFLX	MGK +0.22 points	0.84%	1.06%
Amphenol Corp Class AAPH	MGK +0.21 points	0.63%	0.84%
Interactive Brokers Group Inc ClasIBKR	MGK +0.21 points	0.11%	0.32%
BoeingBA	MGK +0.19 points	0.44%	0.63%
Oreilly Automotive IncORLY	MGK +0.20 points	0.23%	0.43%
Airbnb Class AABNB	MGK +0.19 points	0.21%	0.40%
Intuitive SurgicalISRG	MGK +0.19 points	0.49%	0.68%
EcolabECL	MGK +0.18 points	0.25%	0.43%
Monster BeverageMNST	MGK +0.18 points	0.21%	0.39%
Moodys CorpMCO	MGK +0.17 points	0.24%	0.41%
WelltowerWELL	MGK +0.16 points	0.55%	0.71%
FortinetFTNT	MGK +0.16 points	0.27%	0.43%
Palantir Technologies Class APLTR	MGK +0.13 points	1.32%	1.45%
CintasCTAS	MGK +0.08 points	0.24%	0.32%
SnowflakeSNOW	MGK +0.07 points	0.33%	0.40%
Amazon.com IncAMZN	MGK +0.02 points	4.21%	4.23%

All 325 ILCG holdings⁠All 69 MGK 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 MGK Cost

Overpaying MGK vs ILCG

$211

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

ILCG 0.04%
$849
MGK 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
MGK 0.05%
Overpaying

Year by year

Year	ILCG	MGK	Overpaying
10	$73	$92	$19
20	$288	$360	$72
30	$849	$1,060	$211

Expense ratio

0.04%ILCG, cheaper
0.05%MGK

ILCG0.04%MGK0.05%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

MGK 5th cheapest of 35 funds

ILCG vs MGK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%, better; MGK 0.35%
Payout (12M): ILCG $0.48; MGK $0.30
Last payment: ILCG $0.14; MGK $0.08
Ex-dividend: ILCG Sep 15, 2026; MGK Sep 28, 2026
Paid on: ILCG Sep 18, 2026; MGK Sep 30, 2026
Frequency: ILCG Quarterly; MGK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

MGKQuarterly · 39 paymentsAll MGK payments⁠

ILCG vs MGK Risk

Fall from peak · 5 years

ILCG
MGK

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%, betterMGK 17.9%
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06MGK 1.11, better
Worst fallMax drawdown, 5 years: ILCG −35.4%, betterMGK −36.0%
Market sensitivityBeta, 5 years: ILCG 1.23MGK 1.27; Market = 1

ILCG and MGK 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 MGK

In short

Stated mandate

Why people hold it

Worth knowing

How ILCG and MGK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in MGK

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 MGK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in MGK

Weight gaps