IMCG vs ISCG: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Growth ETF

IMCGANYSE Arca

iShares Morningstar Small-Cap Growth ETF

ISCGBNYSE Arca

Overlap

0.1%by weight

Expense ratio

IMCG0.06%ISCG0.06%

Avg volume · 30D

IMCG 5.3×the volume

IMCG132KISCG24.9K

10Y return · a year

IMCG +3.1pt

IMCG+14.3%ISCG+11.2%

IMCG vs ISCG Performance

Oct 29, 2021 – Oct 30, 2026

+30.8%IMCG+23.1%ISCG

Expense ratio: IMCG 0.06%; ISCG 0.06%
Fund size: IMCG $4.04B; ISCG $961M
1Y total return: IMCG +14.0%, better; ISCG +11.4%
Yield (12M): IMCG 0.67%, better; ISCG 0.65%
Holdings: IMCG 262; ISCG 918
Avg volume (30D): IMCG 132K sh, better; ISCG 24.9K sh
NAV per share: IMCG $93.24; ISCG $61.23
52W range

ETF.net Grade

Pillar letters and Scores for IMCG, ISCG, with each pillar’s weight
Pillar	IMCG	ISCG
Cost30% weight	A78	A78
Mission25% weight	A95Higher	A92
Risk15% weight	A78Higher	C46
Tradability15% weight	B61Higher	D30
Holdings10% weight	A75	A84Higher
Durability5% weight	B66Higher	C54

Rank among US Growth Index funds

How we build Categories ›

Same Category. IMCG and ISCG 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 ›

IMCG ranks 2nd and ISCG 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 2ASCHGSchwab U.S. Large-Cap Growth ETFScore 78
Rank 8AVONGVanguard Russell 1000 Growth ETFScore 69
Rank 10BISCGiShares Morningstar Small-Cap Growth ETFScore 68
Rank 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68

Our read on each fund

ETF.net Research

IMCGAiShares Morningstar Mid-Cap Growth ETF

ISCGBiShares Morningstar Small-Cap Growth ETF

In short

IMCG Growth investing usually means megacaps. IMCG works the middle of the market instead: roughly 300 mid-cap growth names, indexed since 2004, for six basis points a year.

ISCG A 2004-vintage small-cap growth sleeve that charges 0.06% and casts an unusually wide net, holding roughly 900 names selected on earnings, sales, cash flow and book value growth.

Stated mandate

IMCG The Fund seeks to track an index of U.S. mid-capitalization equities with growth characteristics. Its strategy uses representative sampling and generally invests at least 80% of assets in securities from the Underlying Index.

ISCG The fund seeks to track a U.S. small-cap index whose constituents are selected using growth measures including earnings, sales, cash flow, and book value growth.

Why people hold it

IMCG 0.06% a year, one third of the 0.18% median for its growth-fund peer group. Mid-cap indexing at large-cap-index prices.
The growth leaderboard is stacked with large-cap funds (VUG, SCHG, SPYG, VONG). IMCG covers the middle instead, holding about 300 mid-cap growth names.
Sticks close to the Morningstar mid-cap growth index it follows, one of the tighter tracking jobs in its peer group.
Running since 2004 under the iShares roof, with a multi-billion-dollar asset base behind it.

ISCG Six basis points, against a 0.25% median for its small-cap group. Style slices usually carry a style-slice price tag; this one does not.
Roughly 900 holdings, a wide net even by small-cap standards, so no single stumble carries much weight.
Follows its Morningstar growth index closely rather than drifting, one of the tighter tracking records in its peer group. Running since 2004 on the iShares platform.

Worth knowing

IMCG Moderately traded rather than heavily traded, so bid-ask spreads can run wider than the megacap growth ETFs sitting beside it in the category.
This is a size-and-style bet. Mid-cap growth companies tend to move more sharply than the broad market, in both directions.
Distributions land quarterly, but a growth screen is not built around income.

ISCG Thinly traded next to the household-name small-cap funds, so bid-ask spreads can run wider and trade timing matters more.
Small-cap growth is one of the choppier corners of the US market, and the ride here has been rougher than a broad-market equity fund's.
This is the growth half of small caps, not the whole asset class. Broad small-cap funds like VB and SCHA hold both styles for 0.03%.

Full IMCG profile⁠

Full ISCG profile⁠

IMCG vs ISCG Holdings

How IMCG and ISCG differ

Overlap by weight

0.1%

Shared holdings make up 0.1% of IMCG and 0.1% of ISCG.

Level by level

Holdings0 in both0.1%
Sector11 Sectors87.7%
Countryby domicile98.2%
Asset classEquity100%

Sector

Sector weights in IMCG and ISCG, widest gap first
Sector	More in IMCGMore in ISCG	IMCG	ISCG
Health Care	ISCG +9.5 points	8.9%	18.4%
Materials	IMCG +3.5 points	6.4%	2.9%
Financials	IMCG +3.2 points	12.5%	9.3%
Utilities	IMCG +2.2 points	3.1%	0.9%
Consumer Discretionary	IMCG +1.7 points	10.6%	8.9%
Real Estate	ISCG +1.5 points	3.6%	5.1%
Consumer Staples	IMCG +0.7 points	2.9%	2.2%
Communication	ISCG +0.8 points	2.2%	3.0%
Industrials	IMCG +0.5 points	23.0%	22.5%
Technology	ISCG +0.5 points	23.3%	23.8%
Energy	IMCG +0.4 points	3.5%	3.1%

Country, concentration and asset class

Country by domicile

Country weights in IMCG and ISCG, widest gap first
Country	More in IMCGMore in ISCG	IMCG	ISCG
United States	ISCG +1.3 points	98.2%	99.5%
China	IMCG +0.6 points	0.6%	0.0%
Other countries (8)	IMCG +0.8 points	1.3%	0.5%

Concentration

Weight in the 10 largest Holdings

IMCG12.4%
ISCG7.2%

Securities held

IMCG259
ISCG916

Asset class

IMCG: Equity
ISCG: Equity

Holdings

Only in IMCG259
In both0
Only in ISCG916

Only in IMCG

259 securities, 99.8% of IMCG by weight

Snowflake1.52%
Cloudflare Class A1.35%
Johnson Controls International PLC1.30%
Dell Technologies Inc Class C1.30%
Freeport Mcmoran Inc1.29%
Datadog Inc Class A1.20%
Fortinet1.18%
Motorola Solutions Inc1.11%
Lumentum Holdings1.10%
Hilton Worldwide Holdings1.07%
Royal Caribbean Group1.05%
Ecolab1.03%
Cintas1.02%
Moodys Corp1.00%
Oreilly Automotive Inc0.97%
Cummins Inc0.97%
Robinhood Markets Class A0.97%
Aon PLC Class A0.92%
Doordash Class A0.92%
Airbnb Class A0.91%
Csx0.89%
Transdigm Group0.88%
Bloom Energy Class A0.87%
Monster Beverage0.86%
Cencora0.85%
Bank of New York Mellon Corp0.85%
Ww Grainger Inc0.82%
Natera0.81%
Marathon Petroleum0.80%
Fastenal0.79%
Ametek Inc0.79%
Emerson Electric0.79%
Monolithic Power Systems Inc0.76%
Keysight Technologies0.76%
Baker Hughes Class A0.73%
Ross Stores Inc0.72%
Edwards Lifesciences0.71%
Autodesk0.70%
Autozone0.70%
United Rentals0.69%
Rockwell Automation Inc0.68%
Ciena0.67%
Carvana Class A0.66%
Sherwin Williams0.66%
Westinghouse Air Brake Technologie0.65%
Vistra0.64%
Veeva Systems Class A0.63%
Teradyne0.63%
Nasdaq Inc0.63%
Astera Labs0.61%

Only in ISCG

916 securities, 99.9% of ISCG by weight

Okta Class A1.22%
Atlassian Corp Class A1.06%
Guardant Health0.78%
Roku Class A0.67%
Rubrik Class A0.66%
Nutanix Class A0.62%
Dynatrace Inc0.58%
Nordson0.54%
Lincoln Electric Holdings0.51%
Medpace Holdings0.51%
Ralph Lauren Class A0.48%
Neurocrine Biosciences0.48%
Manhattan Associates0.47%
Unity Software0.46%
Tradeweb Markets Inc Class A0.45%
Glaukos0.45%
Samsara Class A0.44%
Semtech0.43%
Guidewire Software0.43%
Five Below0.42%
Penumbra0.40%
Texas Roadhouse Inc0.39%
Generac Holdings0.39%
Coca Cola Consolidated Inc0.39%
Bridgebio Pharma0.38%
Hubspot0.37%
Sterling Infrastructure0.37%
Qxo0.37%
Repligen0.37%
Applied Industrial Technologies0.37%
Onto Innovation0.36%
Sitime0.36%
Ensign Group0.36%
Eastgroup Properties Reit0.35%
Ryder System0.35%
Insulet0.35%
Evercore Class A0.34%
Twist Bioscience0.34%
Moog Inc Class A0.34%
Crane0.33%
Jfrog0.33%
Advanced Drainage Systems Inc0.33%
New York Times Class A0.33%
Rambus0.32%
Knight-Swift Transportation Holdin0.31%
Zebra Technologies Corp Class A0.31%
Globus Medical Class A0.31%
Idex0.31%
Watts Water Technologies Class A0.30%
Saia Inc0.30%

Weight gaps

IMCG and ISCG share no securities.

All 259 IMCG holdings⁠All 918 ISCG 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.

IMCG vs ISCG Cost

Same expense ratio

$1,270

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

IMCG 0.06%
$1,270
ISCG 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

IMCG 0.06%
ISCG 0.06%

Year by year

Year	IMCG	ISCG
10	$110	$110
20	$432	$432
30	$1,270	$1,270

Expense ratio

0.06%IMCG
0.06%ISCG

IMCG0.06%ISCG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

IMCG 9th cheapest of 35 funds

ISCG 9th cheapest of 35 funds

IMCG vs ISCG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCG 0.67%, better; ISCG 0.65%
Payout (12M): IMCG $0.62; ISCG $0.40
Last payment: IMCG $0.19; ISCG $0.12
Ex-dividend: IMCG Sep 15, 2026; ISCG Sep 15, 2026
Paid on: IMCG Sep 18, 2026; ISCG Sep 18, 2026
Frequency: IMCG Quarterly; ISCG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCGQuarterly · 39 paymentsAll IMCG payments⁠

ISCGQuarterly · 38 paymentsAll ISCG payments⁠

IMCG vs ISCG Risk

Fall from peak · 5 years

IMCG
ISCG

Risk facts

VolatilityStd dev, 3 years: IMCG 16.6%, betterISCG 17.6%
Return per unit of riskSharpe ratio, 3 years: IMCG 0.97, betterISCG 0.88
Worst fallMax drawdown, 5 years: IMCG −35.1%, betterISCG −37.8%
Market sensitivityBeta, 5 years: IMCG 1.14ISCG 1.14; Market = 1

IMCG and ISCG in the news

All news⁠

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

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IMCG vs ISCG

In short

Stated mandate

Why people hold it

Worth knowing

How IMCG and ISCG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCG

Only in ISCG

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 IMCG and ISCG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCG

Only in ISCG

Weight gaps