ILCG vs VOT: Grades, Fees and Holdings Compared

iShares Morningstar Growth ETF

ILCGANYSE Arca

Vanguard Morningstar Mid-Cap Growth ETF

VOTANYSE Arca

Overlap

12.2%by weight

Expense ratio

ILCG −0.01pt a year

ILCG0.04%VOT0.05%

Avg volume · 30D

VOT 2.9×the volume

ILCG70.4KVOT204K

10Y return · a year

ILCG +5.7pt

ILCG+17.3%VOT+11.6%

ILCG vs VOT Performance

Oct 29, 2021 – Oct 30, 2026

+59.5%ILCG+15.5%VOT

Expense ratio: ILCG 0.04%, better; VOT 0.05%
Fund size: ILCG $3B; VOT $33.2B
1Y total return: ILCG +3.2%, better; VOT −1.2%
Yield (12M): ILCG 0.44%; VOT 0.62%, better
Holdings: ILCG 328; VOT 123
Avg volume (30D): ILCG 70.4K sh; VOT 204K sh, better
NAV per share: ILCG $109.98; VOT $286.95
52W range

ETF.net Grade

Pillar letters and Scores for ILCG, VOT, with each pillar’s weight
Pillar	ILCG	VOT
Cost30% weight	A96Higher	A78
Mission25% weight	A100Higher	A97
Risk15% weight	C44	C49Higher
Tradability15% weight	B64Higher	D39
Holdings10% weight	C49	A72Higher
Durability5% weight	B64	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ILCG and VOT 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 VOT 7th 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 6AVBKVanguard Morningstar Small-Cap Growth ETFScore 72
Rank 7AVOTVanguard Morningstar Mid-Cap Growth ETFScore 71
Rank 8ASFYSoFi Select 500 ETFScore 69

Our read on each fund

ETF.net Research

ILCGAiShares Morningstar Growth ETF

VOTAVanguard Morningstar Mid-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.

VOT Mid-caps are the market's forgotten middle: too big for small-cap funds, too small for the S&P 500. VOT buys the growth half of that gap for five basis points, a fraction of what the typical factor fund charges.

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.

VOT The ETF is designed to follow the CRSP US Mid Cap Growth Index, a passive benchmark for U.S. mid-capitalization growth companies.

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.

VOT 0.05% a year, against a 0.32% median for its peer group. Roughly one-sixth the going rate for a factor fund.
Live since 2006 and now a multi-tens-of-billions fund, it stands among the strongest overall packages in its peer group.
Its ETF shares are one class of Vanguard's underlying mid-cap growth index fund, so ETF and mutual fund holders sit on the same portfolio.sec.gov
Rules-based, not manager-picked: roughly 130 U.S. mid-cap growth names chosen by index, with no stock-picking discretion.vanguard.com

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.

VOT Mid-cap growth is a bumpier ride. On measured volatility this sits among the more turbulent funds in its cohort.
Roughly 130 stocks, so the largest names carry real weight. This is one slice of the market, not the whole thing.
It pays quarterly, but a growth mandate is not an income mandate.

Full ILCG profile⁠

Full VOT profile⁠

ILCG vs VOT Holdings

How ILCG and VOT differ

Overlap by weight

12.2%

Shared holdings make up 94.9% of VOT and 12.2% of ILCG.

Level by level

Holdings105 in both12.2%
Sector11 Sectors71.2%
Countryby domicile99.5%
Asset classEquity100%

Sector

Sector weights in ILCG and VOT, widest gap first
Sector	More in ILCGMore in VOT	ILCG	VOT
Technology	ILCG +22.0 points	53.5%	31.5%
Industrials	VOT +15.7 points	9.7%	25.4%
Communication	ILCG +5.8 points	8.5%	2.7%
Health Care	VOT +3.2 points	6.5%	9.8%
Consumer Discretionary	VOT +3.0 points	9.7%	12.7%
Real Estate	VOT +2.5 points	1.6%	4.0%
Utilities	VOT +2.2 points	0.9%	3.1%
Financials	VOT +1.3 points	5.5%	6.8%
Consumer Staples	ILCG +1.0 points	1.8%	0.8%
Energy	VOT +0.9 points	0.8%	1.7%
Materials	Same weight	1.4%	1.4%

Country, concentration and asset class

Country by domicile

Country weights in ILCG and VOT, widest gap first
Country	More in ILCGMore in VOT	ILCG	VOT
United States	VOT +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%
VOT21.2%

Securities held

ILCG325
VOT118

Asset class

ILCG: Equity
VOT: Equity

Holdings

Only in ILCG220
In both105
Only in VOT13

Only in ILCG

220 securities, 87.6% of ILCG by weight

NVIDIA15.40%
Apple8.12%
Broadcom Inc4.92%
Amazon.com Inc4.21%
Eli Lilly3.66%
Microsoft3.08%
Alphabet Class A3.01%
Advanced Micro Devices2.66%
Alphabet Class C2.43%
Tesla Inc2.26%
Micron Technology1.77%
Meta Platforms Class A1.59%
Palantir Technologies Class A1.32%
Visa Class A1.14%
Ge Aerospace1.01%
Applied Material Inc1.00%
Intel Corporation0.99%
Lam Research0.97%
Palo Alto Networks0.96%
Mastercard Class A0.94%
Netflix0.84%
Crowdstrike Holdings Class A0.80%
Ge Vernova0.74%
Walmart0.69%
Kla0.67%
Costco Wholesale Corp0.63%
Amphenol Corp Class A0.63%
Arista Networks0.56%
Marvell Technology0.55%
Welltower0.55%
Caterpillar Inc0.51%
Intuitive Surgical0.49%
Seagate Technology Holdings PLC0.47%
Boeing0.44%
Western Digital Corp0.43%
Texas Instrument0.40%
Analog Devices0.35%
Servicenow0.35%
Oracle0.35%
Corning0.32%
Cadence Design Systems0.29%
Johnson Controls International PLC0.29%
Freeport Mcmoran Inc0.29%
Dell Technologies Inc Class C0.28%
Deere0.25%
Sandisk0.25%
Ecolab0.25%
Moodys Corp0.24%
Oreilly Automotive Inc0.23%
Cummins Inc0.22%

Only in VOT

13 securities, 5.1% of VOT by weight

Waste Connections Inc0.92%
Workday Inc0.88%
Paychex Inc0.75%
Atlassian Corp0.67%
Honeywell Aerospace Inc0.58%
Brown & Brown Inc0.41%
Tradeweb Markets Inc0.27%
Broadridge Financial Solutions Inc0.22%
SLCMT11420.16%
Cerebras Systems Inc0.13%
Venture Global Inc0.05%
Symbotic Inc0.04%
Lululemon Athletica Inc0.00%

Weight gaps

The 100 widest of 105 Holdings in both funds.

Holding weights in ILCG and VOT, widest gap first
Holding	More in ILCGMore in VOT	ILCG	VOT
Cloudflare Class ANET	VOT +2.36 points	0.29%	2.65%
Quanta Services IncPWR	VOT +1.98 points	0.30%	2.28%
Datadog Inc Class ADDOG	VOT +1.92 points	0.25%	2.17%
Vertiv Holdings Class AVRT	VOT +1.92 points	0.28%	2.20%
Robinhood Markets Class AHOOD	VOT +1.89 points	0.21%	2.10%
Howmet AerospaceHWM	VOT +1.87 points	0.26%	2.13%
Constellation Energy CorpCEG	VOT +1.85 points	0.17%	2.02%
Lumentum HoldingsLITE	VOT +1.82 points	0.24%	2.06%
Bloom Energy Class ABE	VOT +1.64 points	0.19%	1.83%
Ross Stores IncROST	VOT +1.60 points	0.17%	1.77%
Motorola Solutions IncMSI	VOT +1.48 points	0.26%	1.74%
Doordash Class ADASH	VOT +1.47 points	0.22%	1.69%
Hilton Worldwide HoldingsHLT	VOT +1.44 points	0.25%	1.69%
Royal Caribbean GroupRCL	VOT +1.35 points	0.25%	1.60%
TeradyneTER	VOT +1.34 points	0.14%	1.48%
Monolithic Power Systems IncMPWR	VOT +1.31 points	0.18%	1.49%
Targa ResourcesTRGP	VOT +1.27 points	0.10%	1.37%
Comfort Systems UsaFIX	VOT +1.24 points	0.14%	1.38%
Transdigm GroupTDG	VOT +1.21 points	0.20%	1.41%
CoherentCOHR	VOT +1.20 points	0.13%	1.33%
Astera LabsALAB	VOT +1.18 points	0.13%	1.31%
Ametek IncAME	VOT +1.16 points	0.18%	1.34%
Realty Income ReitO	VOT +1.15 points	0.06%	1.21%
FastenalFAST	VOT +1.15 points	0.19%	1.34%
Ww Grainger IncGWW	VOT +1.13 points	0.19%	1.32%
Agilent Technologies IncA	VOT +1.07 points	0.08%	1.15%
FortinetFTNT	VOT +1.05 points	0.27%	1.32%
CienaCIEN	VOT +1.03 points	0.15%	1.18%
GarminGRMN	VOT +1.01 points	0.10%	1.11%
Edwards LifesciencesEW	VOT +1.01 points	0.17%	1.18%
SnowflakeSNOW	VOT +0.99 points	0.33%	1.32%
VistraVST	VOT +0.95 points	0.15%	1.10%
AutozoneAZO	VOT +0.92 points	0.17%	1.09%
Waters CorpWAT	VOT +0.92 points	0.10%	1.02%
Republic Services IncRSG	VOT +0.90 points	0.09%	0.99%
Ventas ReitVTR	VOT +0.89 points	0.14%	1.03%
Rocket Lab CorpRKLB	VOT +0.89 points	0.10%	0.99%
AutodeskADSK	VOT +0.87 points	0.17%	1.04%
Microchip Technology IncMCHP	VOT +0.86 points	0.14%	1.00%
Carvana Class ACVNA	VOT +0.85 points	0.16%	1.01%
Idexx LaboratoriesIDXX	VOT +0.84 points	0.13%	0.97%
Veeva Systems Class AVEEV	VOT +0.83 points	0.15%	0.98%
Coinbase Global Class ACOIN	VOT +0.83 points	0.10%	0.93%
Chipotle Mexican GrillCMG	VOT +0.83 points	0.13%	0.96%
Take Two Interactive SoftwareTTWO	VOT +0.81 points	0.11%	0.92%
Block Class AXYZ	VOT +0.81 points	0.13%	0.94%
Yum BrandsYUM	VOT +0.79 points	0.09%	0.88%
Coreweave Class ACRWV	VOT +0.76 points	0.04%	0.80%
Alnylam PharmaceuticalsALNY	VOT +0.71 points	0.07%	0.78%
ResmedRMD	VOT +0.69 points	0.06%	0.75%
MsciMSCI	VOT +0.69 points	0.14%	0.83%
Dexcom IncDXCM	VOT +0.67 points	0.10%	0.77%
Axon EnterpriseAXON	VOT +0.66 points	0.11%	0.77%
Iron Mountain IncIRM	VOT +0.66 points	0.08%	0.74%
Old Dominion Freight LineODFL	VOT +0.67 points	0.10%	0.77%
Expedia GroupEXPE	VOT +0.65 points	0.06%	0.71%
Mettler ToledoMTD	VOT +0.66 points	0.06%	0.72%
Vulcan MaterialsVMC	VOT +0.64 points	0.11%	0.75%
Extra Space Storage ReitEXR	VOT +0.62 points	0.04%	0.66%
Teledyne TechnologiesTDY	VOT +0.60 points	0.06%	0.66%
Martin Marietta MaterialsMLM	VOT +0.57 points	0.11%	0.68%
Keysight TechnologiesKEYS	VOT +0.56 points	0.17%	0.73%
Roblox Class ARBLX	VOT +0.55 points	0.09%	0.64%
Mongodb Class AMDB	VOT +0.54 points	0.09%	0.63%
CintasCTAS	VOT +0.54 points	0.24%	0.78%
CorpayCPAY	VOT +0.53 points	0.04%	0.57%
West Pharmaceutical ServicesWST	VOT +0.53 points	0.09%	0.62%
Xylem IncXYL	VOT +0.52 points	0.04%	0.56%
Ulta Beauty IncULTA	VOT +0.50 points	0.05%	0.55%
Lpl Financial HoldingsLPLA	VOT +0.50 points	0.07%	0.57%
Ares Management Class AARES	VOT +0.49 points	0.09%	0.58%
Live Nation EntertainmentLYV	VOT +0.50 points	0.08%	0.58%
VeraltoVLTO	VOT +0.49 points	0.05%	0.54%
Copart IncCPRT	VOT +0.49 points	0.05%	0.54%
Church and Dwight IncCHD	VOT +0.49 points	0.04%	0.53%
Rocket Companies Inc Class ARKT	VOT +0.48 points	0.04%	0.52%
Super Micro Computer IncSMCI	VOT +0.47 points	0.06%	0.53%
Verisk AnalyticsVRSK	VOT +0.47 points	0.05%	0.52%
VerisignVRSN	VOT +0.46 points	0.08%	0.54%
Reddit Class ARDDT	VOT +0.43 points	0.04%	0.47%
ZscalerZS	VOT +0.42 points	0.08%	0.50%
Rockwell Automation IncROK	VOT +0.41 points	0.16%	0.57%
Flex LtdFLEX	VOT +0.38 points	0.10%	0.48%
Sba Communications Reit Corp ClassSBAC	VOT +0.37 points	0.03%	0.40%
Heico Class AHEI.A	VOT +0.35 points	0.06%	0.41%
EquifaxEFX	VOT +0.34 points	0.04%	0.38%
Carnival Corp LtdCCL	VOT +0.31 points	0.05%	0.36%
Ingersoll RandIR	VOT +0.29 points	0.05%	0.34%
On Semiconductor CorpON	VOT +0.26 points	0.09%	0.35%
Zoetis Inc Class AZTS	VOT +0.27 points	0.04%	0.31%
HeicoHEI	VOT +0.26 points	0.04%	0.30%
Fair IsaacFICO	VOT +0.24 points	0.05%	0.29%
InsmedINSM	VOT +0.21 points	0.08%	0.29%
Las Vegas SandsLVS	VOT +0.21 points	0.02%	0.23%
SterisSTE	VOT +0.21 points	0.03%	0.24%
Texas Pacific LandTPL	VOT +0.19 points	0.06%	0.25%
Markel GroupMKL	VOT +0.19 points	0.05%	0.24%
Estee Lauder Inc Class AEL	VOT +0.18 points	0.09%	0.27%
First SolarFSLR	VOT +0.18 points	0.03%	0.21%
Apollo Global ManagementAPO	VOT +0.18 points	0.10%	0.28%

All 325 ILCG holdings⁠All 133 VOT 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 VOT Cost

Overpaying VOT vs ILCG

$211

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

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

Amount$10,000

Years30 years

Cost over time

ILCG 0.04%
VOT 0.05%
Overpaying

Year by year

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

Expense ratio

0.04%ILCG, cheaper
0.05%VOT

ILCG0.04%VOT0.05%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

ILCG 2nd cheapest of 35 funds

VOT 5th cheapest of 35 funds

ILCG vs VOT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ILCG 0.44%; VOT 0.62%, better
Payout (12M): ILCG $0.48; VOT $1.78
Last payment: ILCG $0.14; VOT $0.39
Ex-dividend: ILCG Sep 15, 2026; VOT Sep 28, 2026
Paid on: ILCG Sep 18, 2026; VOT Sep 30, 2026
Frequency: ILCG Quarterly; VOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCGQuarterly · 40 paymentsAll ILCG payments⁠

VOTQuarterly · 39 paymentsAll VOT payments⁠

ILCG vs VOT Risk

Fall from peak · 5 years

ILCG
VOT

Risk facts

VolatilityStd dev, 3 years: ILCG 17.8%VOT 16.7%, better
Return per unit of riskSharpe ratio, 3 years: ILCG 1.06, betterVOT 0.75
Worst fallMax drawdown, 5 years: ILCG −35.4%, betterVOT −37.2%
Market sensitivityBeta, 5 years: ILCG 1.23VOT 1.16; Market = 1

ILCG and VOT in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026ILCGVOT

Popular comparisons

ILCGAvsSPYGA
iShares Morningstar Growth ETF · State Street SPDR Portfolio S&P 500 Growth ETF
Expense ratio
0.04% · 0.04%
Category
VOTAvsSPYGA
Vanguard Morningstar Mid-Cap Growth ETF · State Street SPDR Portfolio S&P 500 Growth ETF
Expense ratio
0.05% · 0.04%
Category
ILCGAvsIMCGA
iShares Morningstar Growth ETF · iShares Morningstar Mid-Cap Growth ETF
Expense ratio
0.04% · 0.06%
Category
VOTAvsIMCGA
Vanguard Morningstar Mid-Cap Growth ETF · iShares Morningstar Mid-Cap Growth ETF
Expense ratio
0.05% · 0.06%
Category
ILCGAvsSCHGA
iShares Morningstar Growth ETF · Schwab U.S. Large-Cap Growth ETF
Expense ratio
0.04% · 0.04%
Category
VOTAvsSCHGA
Vanguard Morningstar Mid-Cap Growth ETF · Schwab U.S. Large-Cap Growth ETF
Expense ratio
0.05% · 0.04%
Category

ILCG vs VOT

In short

Stated mandate

Why people hold it

Worth knowing

How ILCG and VOT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in VOT

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 VOT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCG

Only in VOT

Weight gaps