ILCG vs RPG: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

Invesco S&P 500 Pure Growth ETF

RPGCNYSE Arca

Overlap

27.1%by weight

Expense ratio

ILCG −0.31pt a year

ILCG0.04%RPG0.35%

Avg volume · 30D

RPG 6.8×the volume

ILCG70.4KRPG477K

10Y return · a year

ILCG +4.2pt

ILCG+17.3%RPG+13.1%

ILCG vs RPG Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+28.9%RPG

Expense ratio: ILCG 0.04%, better; RPG 0.35%
Fund size: ILCG $3B; RPG $1.74B
1Y total return: ILCG +3.2%; RPG +11.6%, better
Yield (12M): ILCG 0.44%, better; RPG 0.16%
Holdings: ILCG 328; RPG 71
Avg volume (30D): ILCG 70.4K sh; RPG 477K sh, better
NAV per share: ILCG $109.98; RPG $53.04
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, RPG, with each pillar’s weight
Pillar	ILCG	RPG
Cost30% weight	A96Higher	D31
Mission25% weight	A100Higher	A83
Risk15% weight	C44Higher	D27
Tradability15% weight	B64	A76Higher
Holdings10% weight	C49	B67Higher
Durability5% weight	B64Higher	B56

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and RPG 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 RPG 23rd 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 22BCOWGPacer US Large Cap Cash Cows Growth Leaders ETFScore 55
Rank 23CRPGInvesco S&P 500 Pure Growth ETFScore 54
Rank 24CEGUSiShares ESG Aware MSCI USA Growth ETFScore 53

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

RPGCInvesco S&P 500 Pure 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.

RPG Growth, undiluted. RPG tracks the S&P 500 Pure Growth Index: roughly 70 names carved out of the 500, so the style comes through straight instead of spread thin across hundreds of stocks.

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.

RPG The Fund seeks to track, before fees and expenses, the investment results of the S&P 500 Pure Growth Index. It generally invests at least 90% of total assets in securities comprising that 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.

RPG Concentration with a point: about 70 holdings drawn from the S&P 500, so the growth tilt shows up in the portfolio instead of washing out.
The contract is plain: at least 90% of total assets in the index's members. No manager discretion, no drifting into whatever is hot this quarter.
Live since 2006, a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part. Pays 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.

RPG 0.35% a year sits well above the growth-ETF norm. Broad index rivals like VUG (0.03%) and SCHG (0.04%) charge a sliver of that for the wider growth sleeve.
A 70-stock style sleeve moves in bigger steps than the full index, and it has been among the more volatile funds in its growth peer group.
In a crowded growth category, fee and volatility leave it behind the cheap index giants that anchor the group's top tier.

Full ILCG profile⁠

Full RPG profile⁠

ILCG vs RPG Holdings

How ILCG and RPG differ

Overlap by weight

27.1%

Shared holdings make up 89.7% of RPG and 53.3% of ILCG.

Level by level

Holdings61 in both27.1%
Sector11 Sectors90.0%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in ILCG and RPG, widest gap first
Sector	More in ILCGMore in RPG	ILCG	RPG
Industrials	RPG +5.9 points	9.7%	15.6%
Technology	ILCG +5.9 points	53.5%	47.6%
Consumer Discretionary	RPG +4.0 points	9.7%	13.7%
Communication	ILCG +1.8 points	8.5%	6.7%
Consumer Staples	ILCG +0.8 points	1.8%	1.0%
Energy	ILCG +0.8 points	0.8%	0.0%
Real Estate	ILCG +0.6 points	1.6%	1.0%
Financials	ILCG +0.1 points	5.5%	5.4%
Health Care	Same weight	6.5%	6.6%
Utilities	Same weight	0.9%	0.9%
Materials	Same weight	1.4%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and RPG, widest gap first
Country	More in ILCGMore in RPG	ILCG	RPG
Mexico	RPG +0.6 points	0.1%	0.7%
Other countries (5)	ILCG +0.6 points	99.9%	99.3%

Concentration

Weight in the 10 largest Holdings

ILCG49.8%
RPG29.5%

Securities held

ILCG325
RPG70

Asset class

ILCG: Equity
RPG: Equity

Holdings

Only in ILCG264
In both61
Only in RPG9

Only in ILCG

264 securities, 46.6% of ILCG by weight

Apple8.12%
Amazon.com Inc4.21%
Tesla Inc2.26%
Visa Class A1.14%
Ge Aerospace1.01%
Intel Corporation0.99%
Palo Alto Networks0.96%
Mastercard Class A0.94%
Walmart0.69%
Costco Wholesale Corp0.63%
Marvell Technology0.55%
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%
Cadence Design Systems0.29%
Johnson Controls International PLC0.29%
Cloudflare Class A0.29%
Freeport Mcmoran Inc0.29%
Dell Technologies Inc Class C0.28%
Fortinet0.27%
Motorola Solutions Inc0.26%
Deere0.25%
Ecolab0.25%
Cintas0.24%
Moodys Corp0.24%
Cummins Inc0.22%
Aon PLC Class A0.22%
Airbnb Class A0.21%
Csx0.21%
Cencora0.20%
Bank of New York Mellon Corp0.20%
Starbucks Corp0.20%
Marathon Petroleum0.20%
Ww Grainger Inc0.19%
Tjx0.19%
Fastenal0.19%
Equinix Reit0.18%
Eaton PLC0.18%
Natera0.18%
Emerson Electric0.18%
Ametek Inc0.18%
Baker Hughes Class A0.18%
Synopsys0.18%
Autodesk0.17%

Only in RPG

9 securities, 10.3% of RPG by weight

Berkshire Hathaway Inc2.30%
HCA Healthcare Inc1.51%
Ralph Lauren Corp1.45%
Newmont Corp1.43%
RTX Corp1.34%
Wynn Resorts Ltd0.99%
Insulet Corp0.66%
Booking Holdings Inc0.58%
Invesco Government & Agency Portfolio0.03%

Weight gaps

All 61 Holdings in both funds, largest gap first.

Holding weights in ILCG and RPG, widest gap first
Holding	More in ILCGMore in RPG	ILCG	RPG
NVIDIANVDA	ILCG +13.75 points	15.40%	1.65%
SandiskSNDK	RPG +6.46 points	0.25%	6.71%
Broadcom IncAVGO	ILCG +3.57 points	4.92%	1.35%
Crowdstrike Holdings Class ACRWD	RPG +2.51 points	0.80%	3.31%
Comfort Systems UsaFIX	RPG +2.34 points	0.14%	2.48%
MicrosoftMSFT	ILCG +2.29 points	3.08%	0.79%
Alphabet Class AGOOGL	ILCG +2.28 points	3.01%	0.73%
Micron TechnologyMU	RPG +1.98 points	1.77%	3.75%
Alphabet Class CGOOG	ILCG +1.85 points	2.43%	0.58%
Monolithic Power Systems IncMPWR	RPG +1.79 points	0.18%	1.97%
Interactive Brokers Group Inc ClasIBKR	RPG +1.73 points	0.11%	1.84%
CienaCIEN	RPG +1.68 points	0.15%	1.83%
Incyte CorpINCY	RPG +1.68 points	0.03%	1.71%
Everpure Inc Class AP	RPG +1.64 points	0.13%	1.77%
Eli LillyLLY	ILCG +1.59 points	3.66%	2.07%
Amphenol Corp Class AAPH	RPG +1.46 points	0.63%	2.09%
Datadog Inc Class ADDOG	RPG +1.47 points	0.25%	1.72%
Echostar Class AECHO	RPG +1.45 points	0.04%	1.49%
Howmet AerospaceHWM	RPG +1.40 points	0.26%	1.66%
Vertiv Holdings Class AVRT	RPG +1.41 points	0.28%	1.69%
Carnival Corp LtdCCL	RPG +1.38 points	0.05%	1.43%
Quanta Services IncPWR	RPG +1.38 points	0.30%	1.68%
Arista NetworksANET	RPG +1.38 points	0.56%	1.94%
Tko Group Holdings Inc Class ATKO	RPG +1.37 points	0.02%	1.39%
Bloom Energy Class ABE	RPG +1.28 points	0.19%	1.47%
Expedia GroupEXPE	RPG +1.25 points	0.06%	1.31%
Lumentum HoldingsLITE	RPG +1.24 points	0.24%	1.48%
Emcor GroupEME	RPG +1.23 points	0.09%	1.32%
KlaKLAC	RPG +1.21 points	0.67%	1.88%
Royal Caribbean GroupRCL	RPG +1.15 points	0.25%	1.40%
Twilio Class ATWLO	RPG +1.14 points	0.10%	1.24%
TapestryTPR	RPG +1.13 points	0.05%	1.18%
Marriott International Class AMAR	RPG +1.10 points	0.11%	1.21%
Robinhood Markets Class AHOOD	RPG +1.09 points	0.21%	1.30%
First SolarFSLR	RPG +1.06 points	0.03%	1.09%
Ulta Beauty IncULTA	RPG +1.04 points	0.05%	1.09%
Hilton Worldwide HoldingsHLT	RPG +1.03 points	0.25%	1.28%
Monster BeverageMNST	RPG +0.96 points	0.21%	1.17%
VerisignVRSN	RPG +0.92 points	0.08%	1.00%
CoherentCOHR	RPG +0.92 points	0.13%	1.05%
Idexx LaboratoriesIDXX	RPG +0.85 points	0.13%	0.98%
Uber TechnologiesUBER	RPG +0.82 points	0.11%	0.93%
Las Vegas SandsLVS	RPG +0.81 points	0.02%	0.83%
VistraVST	RPG +0.79 points	0.15%	0.94%
Ge VernovaGEV	RPG +0.71 points	0.74%	1.45%
Doordash Class ADASH	RPG +0.67 points	0.22%	0.89%
Palantir Technologies Class APLTR	RPG +0.66 points	1.32%	1.98%
Lam ResearchLRCX	RPG +0.57 points	0.97%	1.54%
Transdigm GroupTDG	RPG +0.58 points	0.20%	0.78%
Flex LtdFLEX	RPG +0.56 points	0.10%	0.66%
WelltowerWELL	RPG +0.54 points	0.55%	1.09%
Meta Platforms Class AMETA	ILCG +0.52 points	1.59%	1.07%
Oreilly Automotive IncORLY	RPG +0.49 points	0.23%	0.72%
Applovin Class AAPP	RPG +0.49 points	0.20%	0.69%
Caseys General Stores IncCASY	RPG +0.45 points	0.08%	0.53%
Caterpillar IncCAT	RPG +0.42 points	0.51%	0.93%
Rollins IncROL	RPG +0.38 points	0.04%	0.42%
NetflixNFLX	ILCG +0.31 points	0.84%	0.53%
Applied Material IncAMAT	RPG +0.24 points	1.00%	1.24%
Advanced Micro DevicesAMD	RPG +0.19 points	2.66%	2.85%
Intuitive SurgicalISRG	RPG +0.10 points	0.49%	0.59%

All 325 ILCG holdings⁠All 70 RPG 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 RPG Cost

Overpaying RPG vs ILCG

$6,277

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

ILCG 0.04%
$849
RPG 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
RPG 0.35%
Overpaying

Year by year

Year	ILCG	RPG	Overpaying
10	$73	$634	$561
20	$288	$2,454	$2,166
30	$849	$7,126	$6,277

Expense ratio

0.04%ILCG, cheaper
0.35%RPG

ILCG0.04%RPG0.35%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

RPG 24th cheapest of 35 funds

ILCG vs RPG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%, better; RPG 0.16%
Payout (12M): ILCG $0.48; RPG $0.09
Last payment: ILCG $0.14; RPG $0.04
Ex-dividend: ILCG Sep 15, 2026; RPG Sep 21, 2026
Paid on: ILCG Sep 18, 2026; RPG Sep 25, 2026
Frequency: ILCG Quarterly; RPG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

RPGQuarterly · 36 paymentsAll RPG payments⁠

ILCG vs RPG Risk

Fall from peak · 5 years

ILCG
RPG

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%, betterRPG 20.6%
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06, betterRPG 0.87
Worst fallMax drawdown, 5 years: ILCG −35.4%, betterRPG −35.6%
Market sensitivityBeta, 5 years: ILCG 1.23RPG 1.22; Market = 1

ILCG and RPG 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 RPG

In short

Stated mandate

Why people hold it

Worth knowing

How ILCG and RPG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in RPG

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 RPG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in RPG

Weight gaps