ILCG vs VONG: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

Vanguard Russell 1000 Growth ETF

VONGANasdaq

Overlap

75.9%by weight

Expense ratio

ILCG −0.02pt a year

ILCG0.04%VONG0.06%

Avg volume · 30D

VONG 15.0×the volume

ILCG70.4KVONG1.06M

10Y return · a year

VONG +0.3pt

ILCG+17.3%VONG+17.6%

ILCG vs VONG Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+63.4%VONG

Expense ratio: ILCG 0.04%, better; VONG 0.06%
Fund size: ILCG $3B; VONG $55.6B
1Y total return: ILCG +3.2%, better; VONG −2.6%
Yield (12M): ILCG 0.44%; VONG 0.48%, better
Holdings: ILCG 328; VONG 374
Avg volume (30D): ILCG 70.4K sh; VONG 1.06M sh, better
NAV per share: ILCG $109.98; VONG $121.06
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, VONG, with each pillar’s weight
Pillar	ILCG	VONG
Cost30% weight	A96Higher	A78
Mission25% weight	A100	A100
Risk15% weight	C44Higher	D33
Tradability15% weight	B64Higher	C52
Holdings10% weight	C49Higher	C41
Durability5% weight	B64	A83Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and VONG 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 VONG 8th 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 8ASFYSoFi Select 500 ETFScore 69
Rank 8AVONGVanguard Russell 1000 Growth ETFScore 69
Rank 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

VONGAVanguard 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.

VONG The same Russell 1000 Growth index that sits behind the category's best-known growth ETF, for 0.06% a year. Vanguard buys the whole large-cap growth sleeve, cap-weighted, and otherwise stays out of the way.

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.

VONG The ETF seeks to track the Russell 1000 Growth Index, which represents large-capitalization growth stocks in the United States. It uses passive full replication and remains fully invested.

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.

VONG 0.06% a year against a 0.18% cohort median, and the older, better-known ETF on the very same Russell index (IWF) charges 0.18%. Same benchmark, a third of the fee.vanguard.com
The prospectus calls for full replication and staying fully invested, no sampling shortcuts. Index tracking sits among the tightest in the US growth group.vanguard.com
Trading since 2010 and now a multi-billion-dollar fund with steady daily volume, which usually means thin spreads and easy fills.
Its universe is the Russell 1000, so the growth sleeve (roughly 400 stocks) reaches past the S&P 500 roster that funds like SPYG are boxed into. 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.

VONG Cap-weighted growth is top-heavy: roughly 400 names, but the mega-cap leaders set the pace, and the ride tends to be bumpier than the broad market.
Russell scores companies on both growth and value, so a single mega-cap can sit in both indexes at once and shift weight between them at reconstitution.lseg.com
Cheap, not the cheapest shelf: VUG, SCHG and SPYG charge less using different growth definitions. The Russell recipe costs a couple of basis points more.

Full ILCG profile⁠

Full VONG profile⁠

ILCG vs VONG Holdings

How ILCG and VONG differ

Overlap by weight

75.9%

Shared holdings make up 93.8% of VONG and 87.8% of ILCG.

Level by level

Holdings189 in both75.9%
Sector11 Sectors89.0%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in ILCG and VONG, widest gap first
Sector	More in ILCGMore in VONG	ILCG	VONG
Communication	VONG +7.8 points	8.5%	16.3%
Technology	VONG +3.2 points	53.5%	56.7%
Consumer Discretionary	ILCG +2.4 points	9.7%	7.3%
Industrials	ILCG +2.3 points	9.7%	7.4%
Real Estate	ILCG +1.2 points	1.6%	0.4%
Materials	ILCG +1.1 points	1.4%	0.3%
Financials	ILCG +1.1 points	5.5%	4.4%
Health Care	ILCG +1.2 points	6.5%	5.4%
Consumer Staples	ILCG +0.7 points	1.8%	1.1%
Utilities	ILCG +0.7 points	0.9%	0.2%
Energy	ILCG +0.3 points	0.8%	0.5%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and VONG, widest gap first
Country	More in ILCGMore in VONG	ILCG	VONG
United States	VONG +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%
VONG57.7%

Securities held

ILCG325
VONG372

Asset class

ILCG: Equity
VONG: Equity

Holdings

Only in ILCG136
In both189
Only in VONG183

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 VONG

183 securities, 6.0% of VONG by weight

Home Depot Inc/The0.62%
Amgen Inc0.47%
Booking Holdings Inc0.37%
Lockheed Martin Corp0.30%
Space Exploration Technologies Corp0.25%
Spotify Technology SA0.23%
Adobe Inc0.20%
American Tower Corp0.15%
NU Holdings Ltd/Cayman Islands0.13%
Anglogold Ashanti Plc0.13%
Coca-Cola Co/The0.11%
Automatic Data Processing Inc0.11%
AbbVie Inc0.11%
Citigroup Inc0.10%
Atlassian Corp0.08%
Bank of America Corp0.07%
Intuit Inc0.07%
PepsiCo Inc0.06%
Waste Management Inc0.06%
Guardant Health Inc0.06%
Roku Inc0.06%
Sysco Corp0.05%
FTAI Aviation Ltd0.05%
Semtech Corp0.05%
Brookfield Asset Management Ltd0.05%
Sterling Infrastructure Inc0.04%
SiTime Corp0.04%
SLBBH11420.04%
Medpace Holdings Inc0.04%
Restaurant Brands International Inc0.04%
Viking Holdings Ltd0.04%
Valero Energy Corp0.04%
Samsara Inc0.04%
DigitalOcean Holdings Inc0.04%
Halozyme Therapeutics Inc0.04%
Gartner Inc0.04%
Penumbra Inc0.04%
Neurocrine Biosciences Inc0.04%
GoDaddy Inc0.04%
Rubrik Inc0.04%
3M Co0.03%
FormFactor Inc0.03%
Rambus Inc0.03%
Manhattan Associates Inc0.03%
Ascendis Pharma A/S0.03%
Union Pacific Corp0.03%
Corcept Therapeutics Inc0.03%
Bridgebio Pharma Inc0.03%
Kimberly-Clark Corp0.03%
Viavi Solutions Inc0.03%

Weight gaps

The 100 widest of 189 Holdings in both funds.

Holding weights in ILCG and VONG, widest gap first
Holding	More in ILCGMore in VONG	ILCG	VONG
Amazon.com IncAMZN	ILCG +3.62 points	4.21%	0.59%
Alphabet Class AGOOGL	VONG +2.88 points	3.01%	5.89%
MicrosoftMSFT	VONG +2.52 points	3.08%	5.60%
Alphabet Class CGOOG	VONG +2.33 points	2.43%	4.76%
Meta Platforms Class AMETA	VONG +2.24 points	1.59%	3.83%
Micron TechnologyMU	VONG +1.76 points	1.77%	3.53%
Eli LillyLLY	ILCG +0.94 points	3.66%	2.71%
Tesla IncTSLA	VONG +0.79 points	2.26%	3.05%
Caterpillar IncCAT	VONG +0.57 points	0.51%	1.08%
WalmartWMT	ILCG +0.57 points	0.69%	0.12%
Visa Class AV	VONG +0.56 points	1.14%	1.70%
SandiskSNDK	VONG +0.49 points	0.25%	0.74%
AppleAAPL	ILCG +0.45 points	8.12%	7.67%
Mastercard Class AMA	VONG +0.37 points	0.94%	1.31%
Texas InstrumentTXN	VONG +0.35 points	0.40%	0.75%
OracleORCL	VONG +0.34 points	0.35%	0.69%
Analog DevicesADI	ILCG +0.31 points	0.35%	0.04%
Johnson Controls International PLCJCI	ILCG +0.27 points	0.29%	0.02%
Advanced Micro DevicesAMD	VONG +0.26 points	2.66%	2.92%
NVIDIANVDA	VONG +0.26 points	15.40%	15.66%
Lam ResearchLRCX	VONG +0.24 points	0.97%	1.21%
Dell Technologies Inc Class CDELL	ILCG +0.22 points	0.28%	0.06%
Applied Material IncAMAT	VONG +0.19 points	1.00%	1.19%
Motorola Solutions IncMSI	ILCG +0.18 points	0.26%	0.08%
Bank of New York Mellon CorpBNY	ILCG +0.18 points	0.20%	0.02%
Mckesson CorpMCK	VONG +0.18 points	0.10%	0.28%
BoeingBA	ILCG +0.17 points	0.44%	0.27%
Constellation Energy CorpCEG	ILCG +0.15 points	0.17%	0.02%
AutozoneAZO	ILCG +0.15 points	0.17%	0.02%
Moodys CorpMCO	ILCG +0.15 points	0.24%	0.09%
Trane Technologies PLCTT	VONG +0.14 points	0.15%	0.29%
MsciMSCI	ILCG +0.13 points	0.14%	<0.01%
Royal Caribbean GroupRCL	ILCG +0.14 points	0.25%	0.11%
Monster BeverageMNST	ILCG +0.13 points	0.21%	0.08%
Cummins IncCMI	ILCG +0.12 points	0.22%	0.10%
Marvell TechnologyMRVL	VONG +0.13 points	0.55%	0.68%
Charles SchwabSCHW	ILCG +0.12 points	0.16%	0.04%
Broadcom IncAVGO	ILCG +0.12 points	4.92%	4.80%
United RentalsURI	ILCG +0.12 points	0.16%	0.04%
Costco Wholesale CorpCOST	ILCG +0.11 points	0.63%	0.52%
Transdigm GroupTDG	ILCG +0.11 points	0.20%	0.09%
Eaton PLCETN	ILCG +0.10 points	0.18%	0.08%
BlackstoneBX	VONG +0.10 points	0.09%	0.19%
Sherwin WilliamsSHW	ILCG +0.10 points	0.16%	0.06%
Palantir Technologies Class APLTR	ILCG +0.10 points	1.32%	1.22%
CoherentCOHR	ILCG +0.10 points	0.13%	0.03%
On Semiconductor CorpON	ILCG +0.09 points	0.09%	<0.01%
Old Dominion Freight LineODFL	ILCG +0.08 points	0.10%	0.02%
KlaKLAC	VONG +0.08 points	0.67%	0.75%
Ferguson EnterprisesFERG	ILCG +0.08 points	0.09%	<0.01%
Simon Property Group Reit IncSPG	VONG +0.08 points	0.11%	0.19%
Twilio Class ATWLO	ILCG +0.08 points	0.10%	0.02%
Estee Lauder Inc Class AEL	ILCG +0.08 points	0.09%	0.01%
Intuitive SurgicalISRG	ILCG +0.07 points	0.49%	0.42%
Illinois Tool IncITW	ILCG +0.07 points	0.13%	0.06%
Steel Dynamics IncSTLD	ILCG +0.07 points	0.08%	<0.01%
Uber TechnologiesUBER	ILCG +0.07 points	0.11%	0.04%
Interactive Brokers Group Inc ClasIBKR	ILCG +0.07 points	0.11%	0.04%
Entegris IncENTG	ILCG +0.07 points	0.08%	<0.01%
Targa ResourcesTRGP	VONG +0.07 points	0.10%	0.17%
Keysight TechnologiesKEYS	ILCG +0.07 points	0.17%	0.10%
Marriott International Class AMAR	VONG +0.06 points	0.11%	0.17%
Ge AerospaceGE	ILCG +0.06 points	1.01%	0.95%
Arista NetworksANET	VONG +0.06 points	0.56%	0.62%
Revolution MedicinesRVMD	VONG +0.07 points	0.05%	0.12%
Sofi TechnologiesSOFI	ILCG +0.06 points	0.07%	<0.01%
Ww Grainger IncGWW	ILCG +0.05 points	0.19%	0.14%
Kkr and Co IncKKR	ILCG +0.06 points	0.10%	0.04%
ServicenowNOW	VONG +0.05 points	0.35%	0.40%
Super Micro Computer IncSMCI	ILCG +0.05 points	0.06%	<0.01%
Yum BrandsYUM	ILCG +0.06 points	0.09%	0.03%
Public Storage ReitPSA	ILCG +0.06 points	0.07%	0.01%
Ameriprise Finance IncAMP	ILCG +0.05 points	0.06%	0.01%
Centene CorpCNC	ILCG +0.05 points	0.06%	<0.01%
CintasCTAS	ILCG +0.04 points	0.24%	0.20%
FastenalFAST	ILCG +0.05 points	0.19%	0.14%
Northern TrustNTRS	ILCG +0.05 points	0.05%	<0.01%
Hilton Worldwide HoldingsHLT	ILCG +0.04 points	0.25%	0.21%
TeradyneTER	VONG +0.04 points	0.14%	0.18%
Hershey FoodsHSY	ILCG +0.04 points	0.05%	<0.01%
FortinetFTNT	VONG +0.05 points	0.27%	0.32%
Lpl Financial HoldingsLPLA	ILCG +0.04 points	0.07%	0.03%
Coreweave Class ACRWV	VONG +0.04 points	0.04%	0.08%
AutodeskADSK	ILCG +0.04 points	0.17%	0.13%
CorningGLW	VONG +0.04 points	0.32%	0.36%
Clean Harbors IncCLH	ILCG +0.04 points	0.05%	<0.01%
EbayEBAY	ILCG +0.04 points	0.07%	0.03%
Cbre Group Class ACBRE	ILCG +0.04 points	0.05%	0.01%
MksMKSI	ILCG +0.04 points	0.04%	<0.01%
Rockwell Automation IncROK	ILCG +0.04 points	0.16%	0.12%
CencoraCOR	ILCG +0.04 points	0.20%	0.16%
Rbc BearingsRBC	ILCG +0.04 points	0.05%	<0.01%
Ulta Beauty IncULTA	ILCG +0.03 points	0.05%	0.02%
Bloom Energy Class ABE	VONG +0.04 points	0.19%	0.23%
Somnigroup InternationalSGI	ILCG +0.03 points	0.04%	<0.01%
Cloudflare Class ANET	VONG +0.04 points	0.29%	0.33%
Nvent Electric PLCNVT	ILCG +0.04 points	0.07%	0.03%
Cardinal HealthCAH	ILCG +0.03 points	0.10%	0.07%
Costar GroupCSGP	ILCG +0.04 points	0.04%	<0.01%
Western Digital CorpWDC	VONG +0.03 points	0.43%	0.46%

All 325 ILCG holdings⁠All 394 VONG 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 VONG Cost

Overpaying VONG vs ILCG

$421

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

ILCG 0.04%
$849
VONG 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
VONG 0.06%
Overpaying

Year by year

Year	ILCG	VONG	Overpaying
10	$73	$110	$37
20	$288	$432	$144
30	$849	$1,270	$421

Expense ratio

0.04%ILCG, cheaper
0.06%VONG

ILCG0.04%VONG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

VONG 9th cheapest of 35 funds

ILCG vs VONG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%; VONG 0.48%, better
Payout (12M): ILCG $0.48; VONG $0.58
Last payment: ILCG $0.14; VONG $0.14
Ex-dividend: ILCG Sep 15, 2026; VONG Sep 23, 2026
Paid on: ILCG Sep 18, 2026; VONG Sep 25, 2026
Frequency: ILCG Quarterly; VONG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

VONGQuarterly · 39 paymentsAll VONG payments⁠

ILCG vs VONG Risk

Fall from peak · 5 years

ILCG
VONG

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%VONG 16.9%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06, betterVONG 1.02
Worst fallMax drawdown, 5 years: ILCG −35.4%VONG −32.7%, better
Market sensitivityBeta, 5 years: ILCG 1.23VONG 1.16; Market = 1

ILCG and VONG in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCGVONG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026VONG

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ILCG vs VONG

In short

Stated mandate

Why people hold it

Worth knowing

How ILCG and VONG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in VONG

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

The cheap large-cap growth pick is the S&P 500 list

How ILCG and VONG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in VONG

Weight gaps