ILCG vs SCHG: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

Schwab U.S. Large-Cap Growth ETF

SCHGANYSE Arca

Overlap

70.6%by weight

Expense ratio

ILCG0.04%SCHG0.04%

Avg volume · 30D

SCHG 114.0×the volume

ILCG69.6KSCHG7.94M

10Y return · a year

SCHG +1.3pt

ILCG+16.9%SCHG+18.2%

ILCG vs SCHG Performance

Nov 9, 2021 – Nov 9, 2026

+53.4%ILCG+69.8%SCHG

Expense ratio: ILCG 0.04%; SCHG 0.04%
Fund size: ILCG $2.86B; SCHG $59.7B
1Y total return: ILCG +4.3%; SCHG +5.8%, better
Yield (12M): ILCG 0.44%, better; SCHG 0.41%
Holdings: ILCG 328; SCHG 187
Avg volume (30D): ILCG 69.6K sh; SCHG 7.94M sh, better
NAV per share: ILCG $104.77; SCHG $33.13
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, SCHG, with each pillar’s weight
Pillar	ILCG	SCHG
Cost30% weight	A96	A96
Mission25% weight	A100Higher	A93
Risk15% weight	C42Higher	C40
Tradability15% weight	B63	A88Higher
Holdings10% weight	C52Higher	D35
Durability5% weight	B66	A75Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and SCHG 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 ›

SCHG ranks 2nd and ILCG 4th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78
Rank 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 4AILCGiShares Morningstar Growth ETFScore 77
Rank 4AVUGVanguard Morningstar Growth ETFScore 77

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

SCHGASchwab U.S. Large-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.

SCHG Schwab's growth workhorse: roughly 200 large-cap U.S. growth names for four basis points, one of the cheapest tickets in a crowded category. Running since 2009 and among the most heavily traded growth funds around.

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.

SCHG SCHG seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It generally invests in stocks included in that index, which represents large-cap U.S. growth equities.

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.

SCHG 0.04% a year against a growth-category median of 0.18%. Costs sit near the floor of the group.
Hews closely to the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, one of the tighter index implementations in its peer group.
Live since 2009, a multi-billion-dollar fund, and one of the busier tickers in the growth aisle, so entering and exiting is usually cheap and easy.
The benchmark is carved out of a total-market growth index, not S&P 500 membership, so a stock does not need an index committee's nod to qualify.

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.

SCHG Growth-only by design. Value and dividend-heavy corners of the market sit outside the mandate, so the ride differs from a total-market fund.
Large-cap U.S. only, roughly 200 stocks. No mid-caps, no small-caps, nothing overseas.
VUG charges a hair less for a similar broad-growth mandate. A tiny gap, but it is there. Distributions here arrive quarterly.

Full ILCG profile⁠

Full SCHG profile⁠

ILCG vs SCHG Holdings

How ILCG and SCHG differ

Overlap by weight

70.6%

Shared holdings make up 93.6% of SCHG and 78.4% of ILCG.

Level by level

Holdings134 in both70.6%
Sector11 Sectors93.7%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in ILCG and SCHG, widest gap first
Sector	Gap	ILCG	SCHG
Communication	SCHG +3.3 points	9.3%	12.6%
Industrials	ILCG +3.3 points	9.8%	6.5%
Real Estate	ILCG +1.4 points	1.7%	0.3%
Consumer Discretionary	SCHG +1.1 points	10.5%	11.6%
Technology	SCHG +0.9 points	50.7%	51.6%
Health Care	SCHG +0.9 points	6.9%	7.8%
Consumer Staples	ILCG +0.6 points	2.0%	1.4%
Utilities	ILCG +0.5 points	0.9%	0.4%
Materials	ILCG +0.4 points	1.5%	1.1%
Financials	ILCG +0.1 points	6.0%	5.9%
Energy	Same weight	0.7%	0.7%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and SCHG, widest gap first
Country	Gap	ILCG	SCHG
United States	SCHG +0.3 points	99.5%	99.8%
China	SCHG +0.1 points	0.1%	0.2%
Brazil	ILCG +0.1 points	0.1%	0.0%
Switzerland	ILCG +0.1 points	0.1%	0.0%
Mexico	ILCG +0.1 points	0.1%	0.0%
United Kingdom	ILCG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCG50.0%
SCHG61.0%

Securities held

ILCG325
SCHG186

Asset class

ILCG: Stocks
SCHG: Stocks

Holdings

Only in ILCG191
In both134
Only in SCHG52

Only in ILCG

191 securities, 21.5% of ILCG by weight

Netflix0.90%
Intel Corporation0.89%
Lam Research0.85%
Walmart0.74%
Amphenol Corp Class A0.62%
Welltower0.60%
Marvell Technology0.42%
Texas Instrument0.39%
Oracle0.32%
Analog Devices0.32%
Freeport Mcmoran Inc0.29%
Motorola Solutions Inc0.29%
Corning0.29%
Johnson Controls International PLC0.28%
Cintas0.26%
Ecolab0.26%
Oreilly Automotive Inc0.25%
Aon PLC Class A0.24%
Dell Technologies Inc Class C0.22%
Cencora0.22%
Monster Beverage0.21%
Cummins Inc0.21%
Starbucks Corp0.21%
Bank of New York Mellon Corp0.21%
Csx0.21%
Fastenal0.20%
Edwards Lifesciences0.19%
Tjx0.19%
Emerson Electric0.19%
Ross Stores Inc0.18%
Ametek Inc0.18%
Charles Schwab0.17%
Marathon Petroleum0.17%
Bloom Energy Class A0.17%
Westinghouse Air Brake Technologie0.16%
American Express0.16%
Nasdaq Inc0.16%
Keysight Technologies0.16%
Block Class A0.15%
Ventas Reit0.15%
Arthur J Gallagher0.15%
Chipotle Mexican Grill0.15%
Illinois Tool Inc0.14%
Rockwell Automation Inc0.14%
Nxp Semiconductors NV0.14%
Digital Realty Trust Reit0.14%
Marsh0.13%
Stryker0.12%
Simon Property Group Reit Inc0.12%
Cardinal Health0.12%

Only in SCHG

52 securities, 6.4% of SCHG by weight

UnitedHealth Group1.02%
Thermo Fisher Scientific0.74%
Linde PLC0.69%
Walt Disney0.58%
BlackRock0.49%
Booking Holdings0.35%
Phillips0.28%
Intuit0.27%
Regeneron Pharmaceuticals0.25%
Delta Air Lines0.15%
Workday Class A0.11%
Diamondback Energy0.11%
Okta Class A0.08%
Ssc Government Mm Gvmxx0.08%
Atlassian Corp Class A0.07%
Ftai Aviation0.05%
Rubrik Class A0.05%
Neurocrine Biosciences0.05%
Nutanix Class A0.05%
Nvr0.05%
Samsara Class A0.04%
Medpace Holdings0.04%
Tradeweb Markets Inc Class A0.04%
Docusign0.04%
Caci International Inc Class A0.04%
Five Below0.04%
Bridgebio Pharma0.04%
Penumbra0.04%
Texas Roadhouse Inc0.04%
Repligen0.03%
Insulet0.03%
Hubspot0.03%
Sitime0.03%
Procore Technologies Inc0.03%
Paycom Software0.03%
Moog Inc Class A0.03%
Saia Inc0.03%
American Airlines Group0.03%
Tempus Ai Class A0.02%
Norwegian Cruise Line Holdings0.02%
Advanced Energy Industries0.02%
Elastic0.02%
Kinsale Capital Group Inc0.02%
Sterling Infrastructure0.02%
Digitalocean Holdings0.02%
Chemed0.02%
Dycom Industries Inc0.02%
Cava Group0.02%
Celsius Holdings0.02%
Snap Inc Class A0.02%

Weight gaps

The 100 widest of 134 Holdings in both funds.

Holding weights in ILCG and SCHG, widest gap first
Holding	Gap	ILCG	SCHG
MicrosoftMSFT	SCHG +6.50 points	3.29%	9.79%
AppleAAPL	SCHG +3.95 points	8.47%	12.42%
NVIDIANVDA	ILCG +3.52 points	14.75%	11.23%
Meta Platforms Class AMETA	SCHG +2.22 points	1.66%	3.88%
Amazon.com IncAMZN	SCHG +1.55 points	4.77%	6.32%
Alphabet Class AGOOGL	SCHG +0.93 points	3.22%	4.15%
Visa Class AV	SCHG +0.86 points	1.22%	2.08%
Broadcom IncAVGO	ILCG +0.85 points	4.65%	3.80%
Micron TechnologyMU	SCHG +0.80 points	1.45%	2.25%
Tesla IncTSLA	SCHG +0.79 points	2.12%	2.91%
Alphabet Class CGOOG	SCHG +0.74 points	2.61%	3.35%
Costco Wholesale CorpCOST	SCHG +0.66 points	0.69%	1.35%
Eli LillyLLY	ILCG +0.55 points	3.67%	3.12%
Mastercard Class AMA	SCHG +0.51 points	1.01%	1.52%
Advanced Micro DevicesAMD	ILCG +0.37 points	2.48%	2.11%
Uber TechnologiesUBER	SCHG +0.28 points	0.12%	0.40%
Caterpillar IncCAT	SCHG +0.26 points	0.48%	0.74%
Vertex PharmaceuticalsVRTX	SCHG +0.26 points	0.14%	0.40%
S&P GlobalSPGI	SCHG +0.26 points	0.15%	0.41%
Mckesson CorpMCK	SCHG +0.25 points	0.11%	0.36%
DeereDE	SCHG +0.22 points	0.27%	0.49%
Eaton PLCETN	SCHG +0.20 points	0.18%	0.38%
Parker-HannifinPH	SCHG +0.19 points	0.15%	0.34%
Ge AerospaceGE	ILCG +0.17 points	1.14%	0.97%
SandiskSNDK	SCHG +0.16 points	0.19%	0.35%
Palantir Technologies Class APLTR	ILCG +0.15 points	1.21%	1.06%
Marriott International Class AMAR	SCHG +0.14 points	0.12%	0.26%
Applied Material IncAMAT	ILCG +0.14 points	0.90%	0.76%
Palo Alto NetworksPANW	ILCG +0.13 points	0.87%	0.74%
Ge VernovaGEV	ILCG +0.11 points	0.70%	0.59%
Trane Technologies PLCTT	SCHG +0.10 points	0.16%	0.26%
KlaKLAC	ILCG +0.09 points	0.61%	0.52%
Equinix ReitEQIX	SCHG +0.10 points	0.19%	0.29%
Crowdstrike Holdings Class ACRWD	ILCG +0.09 points	0.73%	0.64%
Kkr and Co IncKKR	SCHG +0.09 points	0.10%	0.19%
Arista NetworksANET	ILCG +0.08 points	0.60%	0.52%
Roper TechnologiesROP	SCHG +0.08 points	0.06%	0.14%
Intuitive SurgicalISRG	ILCG +0.08 points	0.54%	0.46%
HumanaHUM	SCHG +0.08 points	0.07%	0.15%
SynopsysSNPS	SCHG +0.07 points	0.18%	0.25%
Targa ResourcesTRGP	SCHG +0.07 points	0.09%	0.16%
BoeingBA	ILCG +0.06 points	0.46%	0.40%
Constellation Energy CorpCEG	SCHG +0.07 points	0.17%	0.24%
Carnival Corp LtdCCL	SCHG +0.06 points	0.05%	0.11%
Sherwin WilliamsSHW	SCHG +0.06 points	0.17%	0.23%
Revolution MedicinesRVMD	SCHG +0.05 points	0.06%	0.11%
ServicenowNOW	ILCG +0.06 points	0.36%	0.30%
Applovin Class AAPP	ILCG +0.05 points	0.36%	0.31%
Seagate Technology Holdings PLCSTX	ILCG +0.05 points	0.35%	0.30%
Apollo Global ManagementAPO	SCHG +0.05 points	0.11%	0.16%
Western Digital CorpWDC	ILCG +0.05 points	0.32%	0.27%
Te Connectivity PLCTEL	SCHG +0.04 points	0.13%	0.17%
HeicoHEI	SCHG +0.04 points	0.05%	0.09%
Cadence Design SystemsCDNS	ILCG +0.04 points	0.30%	0.26%
Cloudflare Class ANET	ILCG +0.04 points	0.29%	0.25%
Royal Caribbean GroupRCL	ILCG +0.04 points	0.28%	0.24%
SnowflakeSNOW	ILCG +0.04 points	0.32%	0.28%
Moodys CorpMCO	ILCG +0.04 points	0.26%	0.22%
FortinetFTNT	ILCG +0.04 points	0.25%	0.21%
Howmet AerospaceHWM	ILCG +0.04 points	0.28%	0.24%
Quanta Services IncPWR	ILCG +0.03 points	0.27%	0.24%
First Citizens Bancshares Class AFCNCA	SCHG +0.04 points	0.02%	0.06%
Hilton Worldwide HoldingsHLT	ILCG +0.04 points	0.28%	0.24%
United RentalsURI	SCHG +0.04 points	0.15%	0.19%
Ww Grainger IncGWW	ILCG +0.04 points	0.22%	0.18%
Doordash Class ADASH	ILCG +0.04 points	0.23%	0.19%
Transdigm GroupTDG	ILCG +0.03 points	0.22%	0.19%
ResmedRMD	SCHG +0.04 points	0.06%	0.10%
Mettler ToledoMTD	SCHG +0.04 points	0.06%	0.10%
Vertiv Holdings Class AVRT	ILCG +0.03 points	0.23%	0.20%
Robinhood Markets Class AHOOD	ILCG +0.03 points	0.21%	0.18%
AutodeskADSK	ILCG +0.03 points	0.19%	0.16%
Airbnb Class AABNB	ILCG +0.03 points	0.26%	0.23%
Datadog Inc Class ADDOG	ILCG +0.03 points	0.20%	0.17%
AutozoneAZO	ILCG +0.03 points	0.18%	0.15%
VistraVST	ILCG +0.03 points	0.14%	0.11%
Carvana Class ACVNA	ILCG +0.03 points	0.18%	0.15%
Baker Hughes Class ABKR	ILCG +0.02 points	0.16%	0.14%
Liberty Media Series CFWONK	SCHG +0.03 points	0.05%	0.08%
Waters CorpWAT	SCHG +0.02 points	0.11%	0.13%
Ulta Beauty IncULTA	SCHG +0.02 points	0.06%	0.08%
Veeva Systems Class AVEEV	ILCG +0.02 points	0.15%	0.13%
Lumentum HoldingsLITE	ILCG +0.02 points	0.16%	0.14%
Teledyne TechnologiesTDY	SCHG +0.02 points	0.06%	0.08%
Monolithic Power Systems IncMPWR	ILCG +0.02 points	0.19%	0.17%
Idexx LaboratoriesIDXX	ILCG +0.02 points	0.17%	0.15%
Sun Communities Reit IncSUI	SCHG +0.02 points	0.02%	0.04%
MsciMSCI	ILCG +0.02 points	0.15%	0.13%
Talen EnergyTLN	SCHG +0.01 points	0.03%	0.04%
CienaCIEN	ILCG +0.02 points	0.12%	0.10%
TeradyneTER	ILCG +0.02 points	0.12%	0.10%
Martin Marietta MaterialsMLM	ILCG +0.02 points	0.11%	0.09%
Rocket Lab CorpRKLB	ILCG +0.02 points	0.10%	0.08%
Nextpower IncNXT	SCHG +0.02 points	0.03%	0.05%
Take Two Interactive SoftwareTTWO	ILCG +0.02 points	0.13%	0.11%
Interactive Brokers Group Inc ClasIBKR	ILCG +0.01 points	0.11%	0.10%
Comfort Systems UsaFIX	ILCG +0.02 points	0.12%	0.10%
PtcPTC	SCHG +0.01 points	0.05%	0.06%
Flutter Entertainment PLCFLUT	SCHG +0.01 points	0.02%	0.03%
Astera LabsALAB	ILCG +0.01 points	0.10%	0.09%

All 325 ILCG holdings⁠All 189 SCHG 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 SCHG Cost

Same expense ratio

$849

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

ILCG 0.04%
$849
SCHG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
SCHG 0.04%

Year by year

Year	ILCG	SCHG
10	$73	$73
20	$288	$288
30	$849	$849

Expense ratio

0.04%ILCG
0.04%SCHG

ILCG0.04%SCHG0.04%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

SCHG 2nd cheapest of 35 funds

ILCG vs SCHG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ILCG 0.44%, better; SCHG 0.41%
Payout (12M): ILCG $0.48; SCHG $0.14
Last payment: ILCG $0.14; SCHG $0.04
Ex-dividend: ILCG Sep 15, 2026; SCHG Sep 23, 2026
Paid on: ILCG Sep 18, 2026; SCHG Sep 28, 2026
Frequency: ILCG Quarterly; SCHG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

SCHGQuarterly · 42 paymentsAll SCHG payments⁠

ILCG vs SCHG Risk

Fall from peak · 5 years

ILCG
SCHG

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%SCHG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06SCHG 1.16, better
Worst fallMax drawdown, 5 years: ILCG −35.4%SCHG −34.6%, better
Market sensitivityBeta, 5 years: ILCG 1.23SCHG 1.20; Market = 1

ILCG and SCHG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCGSCHG
Head-to-Head
SCHX is the one fund, unless you want SCHG's growth bet
Nov 5, 2026SCHG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SCHG

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ILCG vs SCHG

In short

Stated mandate

Why people hold it