IMCG vs IVW: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Growth ETF

IMCGANYSE Arca

iShares S&P 500 Growth ETF

IVWBNYSE Arca

Overlap

7.0%by weight

Expense ratio

IMCG −0.12pt a year

IMCG0.06%IVW0.18%

Avg volume · 30D

IVW 12.6×the volume

IMCG132KIVW1.67M

10Y return · a year

IVW +3.0pt

IMCG+14.3%IVW+17.3%

IMCG vs IVW Performance

Oct 29, 2021 – Oct 30, 2026

+30.8%IMCG+72.2%IVW

Expense ratio: IMCG 0.06%, better; IVW 0.18%
Fund size: IMCG $4.04B; IVW $74.7B
1Y total return: IMCG +14.0%, better; IVW +8.2%
Yield (12M): IMCG 0.67%, better; IVW 0.36%
Holdings: IMCG 262; IVW 154
Avg volume (30D): IMCG 132K sh; IVW 1.67M sh, better
NAV per share: IMCG $93.24; IVW $134.44
52W range

ETF.net Grade

Pillar letters and Scores for IMCG, IVW, with each pillar’s weight
Pillar	IMCG	IVW
Cost30% weight	A78Higher	C49
Mission25% weight	A95	A98Higher
Risk15% weight	A78Higher	B62
Tradability15% weight	B61	A72Higher
Holdings10% weight	A75Higher	D37
Durability5% weight	B66	A84Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. IMCG and IVW 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 IVW 12th 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 10BMGKVanguard Morningstar Mega Cap Growth ETFScore 68
Rank 12BIVWiShares S&P 500 Growth ETFScore 67
Rank 12BVOOGVanguard S&P 500 Growth ETFScore 67

Our read on each fund

ETF.net Research

IMCGAiShares Morningstar Mid-Cap Growth ETF

IVWBiShares S&P 500 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.

IVW The 2000-vintage original for S&P 500 growth exposure: roughly 150 large caps chosen by a three-factor rules screen, cap-weighted, no manager discretion. Big and liquid, though cheaper trackers of the same benchmark now exist.

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.

IVW The fund seeks to track an index of U.S. large-cap stocks exhibiting strong growth characteristics, selected using measures including earnings and revenue 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.

IVW A 2000-vintage original among style ETFs, now a multi-billion-dollar fund whose returns hug its index very closely.
The growth screen is mechanical: sales growth, earnings change to price, and 12-month price momentum. Rules pick the names, not a stock picker.barchart.com
Actively traded with the iShares plumbing behind it, which supports tight spreads on retail-size orders.
Pays a distribution quarterly and sits in the upper half of the US growth cohort on overall build quality.

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.

IVW At 0.18%, it costs the category median, while SPYG follows the same S&P 500 Growth benchmark for 0.04% and SCHG runs at 0.04%.
Roughly 150 cap-weighted names, so the biggest growth companies drive most of the movement.
This is one half of a style split: the growth side of the S&P 500 only, with the value side living in a separate fund.barchart.com

Full IMCG profile⁠

Full IVW profile⁠

IMCG vs IVW Holdings

How IMCG and IVW differ

Overlap by weight

7.0%

Shared holdings make up 38.6% of IMCG and 7.0% of IVW.

Level by level

Holdings70 in both7.0%
Sector11 Sectors58.4%
Countryby domicile98.4%
Asset classEquity100%

Sector

Sector weights in IMCG and IVW, widest gap first
Sector	More in IMCGMore in IVW	IMCG	IVW
Technology	IVW +30.4 points	23.3%	53.7%
Industrials	IMCG +17.2 points	23.0%	5.8%
Communication	IVW +11.2 points	2.2%	13.4%
Materials	IMCG +6.1 points	6.4%	0.3%
Energy	IMCG +3.5 points	3.5%	0.0%
Financials	IMCG +3.2 points	12.5%	9.3%
Real Estate	IMCG +3.0 points	3.6%	0.6%
Utilities	IMCG +2.8 points	3.1%	0.3%
Consumer Discretionary	IMCG +2.3 points	10.6%	8.3%
Health Care	IMCG +1.8 points	8.9%	7.1%
Consumer Staples	IMCG +1.7 points	2.9%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in IMCG and IVW, widest gap first
Country	More in IMCGMore in IVW	IMCG	IVW
United States	IVW +1.6 points	98.2%	99.8%
Other countries (4)	IMCG +1.6 points	1.8%	0.2%

Concentration

Weight in the 10 largest Holdings

IMCG12.4%
IVW59.1%

Securities held

IMCG259
IVW152

Asset class

IMCG: Equity
IVW: Equity

Holdings

Only in IMCG189
In both70
Only in IVW82

Only in IMCG

189 securities, 61.3% of IMCG by weight

Snowflake1.52%
Cloudflare Class A1.35%
Dell Technologies Inc Class C1.30%
Freeport Mcmoran Inc1.29%
Motorola Solutions Inc1.11%
Ecolab1.03%
Cintas1.02%
Aon PLC Class A0.92%
Csx0.89%
Cencora0.85%
Ww Grainger Inc0.82%
Natera0.81%
Marathon Petroleum0.80%
Fastenal0.79%
Ametek Inc0.79%
Emerson Electric0.79%
Keysight Technologies0.76%
Baker Hughes Class A0.73%
Sherwin Williams0.66%
Westinghouse Air Brake Technologie0.65%
Nasdaq Inc0.63%
Astera Labs0.61%
Nxp Semiconductors NV0.60%
Microchip Technology Inc0.60%
Digital Realty Trust Reit0.59%
Illinois Tool Inc0.57%
Arthur J Gallagher0.56%
Block Class A0.56%
Chipotle Mexican Grill0.53%
Nucor0.53%
Williams0.52%
Marsh0.48%
Coinbase Global Class A0.48%
Vulcan Materials0.48%
Norfolk Southern Corp0.47%
Roblox Class A0.46%
Rocket Lab Corp0.45%
Waters Corp0.45%
L3HARRIS Technologies0.44%
Cardinal Health0.44%
Northrop Grumman Corp0.44%
Martin Marietta Materials0.44%
Old Dominion Freight Line0.44%
Targa Resources0.43%
Air Products and Chemicals0.43%
Allstate Corp0.43%
Garmin0.41%
Mongodb Class A0.41%
American Electric Power Inc0.40%
On Semiconductor Corp0.40%

Only in IVW

82 securities, 93.0% of IVW by weight

NVIDIA14.19%
Microsoft11.11%
Apple7.21%
Alphabet Class A4.71%
Broadcom Inc4.45%
Meta Platforms Class A3.89%
Alphabet Class C3.79%
Amazon.com Inc3.58%
Eli Lilly3.25%
Berkshire Hathaway Inc Class B2.90%
Micron Technology2.86%
Advanced Micro Devices2.36%
Tesla Inc2.00%
JPMorgan Chase & Co1.75%
Palantir Technologies Class A1.21%
Johnson & Johnson1.11%
Visa Class A1.11%
Mastercard Class A0.99%
Applied Material Inc0.89%
Lam Research0.86%
Caterpillar Inc0.82%
Rtx0.77%
Netflix0.74%
Crowdstrike Holdings Class A0.73%
AbbVie0.69%
Ge Vernova0.65%
Cisco Systems Inc0.63%
Kla0.59%
Amphenol Corp Class A0.56%
Philip Morris International0.52%
Arista Networks0.51%
Amgen Inc0.49%
Goldman Sachs Group0.49%
Welltower0.48%
Sandisk0.48%
Palo Alto Networks0.48%
Ge Aerospace0.47%
Coca-Cola0.44%
Intuitive Surgical0.44%
Morgan Stanley0.38%
Uber Technologies0.38%
International Business Machines Co0.36%
Oracle0.34%
American Express0.33%
Gilead Sciences0.33%
Newmont0.32%
Booking Holdings0.32%
Seagate Technology Holdings PLC0.27%
Quanta Services Inc0.27%
Vertiv Holdings Class A0.26%

Weight gaps

All 70 Holdings in both funds, largest gap first.

Holding weights in IMCG and IVW, widest gap first
Holding	More in IMCGMore in IVW	IMCG	IVW
Johnson Controls International PLCJCI	IMCG +1.13 points	1.30%	0.17%
FortinetFTNT	IMCG +1.03 points	1.18%	0.15%
Datadog Inc Class ADDOG	IMCG +0.97 points	1.20%	0.23%
Moodys CorpMCO	IMCG +0.90 points	1.00%	0.10%
Lumentum HoldingsLITE	IMCG +0.89 points	1.10%	0.21%
Hilton Worldwide HoldingsHLT	IMCG +0.84 points	1.07%	0.23%
Cummins IncCMI	IMCG +0.84 points	0.97%	0.13%
Royal Caribbean GroupRCL	IMCG +0.83 points	1.05%	0.22%
Airbnb Class AABNB	IMCG +0.82 points	0.91%	0.09%
Robinhood Markets Class AHOOD	IMCG +0.78 points	0.97%	0.19%
Oreilly Automotive IncORLY	IMCG +0.77 points	0.97%	0.20%
Doordash Class ADASH	IMCG +0.73 points	0.92%	0.19%
Transdigm GroupTDG	IMCG +0.70 points	0.88%	0.18%
Bloom Energy Class ABE	IMCG +0.70 points	0.87%	0.17%
Monster BeverageMNST	IMCG +0.67 points	0.86%	0.19%
Bank of New York Mellon CorpBNY	IMCG +0.67 points	0.85%	0.18%
Edwards LifesciencesEW	IMCG +0.64 points	0.71%	0.07%
Ross Stores IncROST	IMCG +0.62 points	0.72%	0.10%
AutodeskADSK	IMCG +0.61 points	0.70%	0.09%
Rockwell Automation IncROK	IMCG +0.60 points	0.68%	0.08%
AutozoneAZO	IMCG +0.60 points	0.70%	0.10%
Monolithic Power Systems IncMPWR	IMCG +0.59 points	0.76%	0.17%
Carvana Class ACVNA	IMCG +0.59 points	0.66%	0.07%
United RentalsURI	IMCG +0.57 points	0.69%	0.12%
TeradyneTER	IMCG +0.56 points	0.63%	0.07%
Veeva Systems Class AVEEV	IMCG +0.55 points	0.63%	0.08%
CienaCIEN	IMCG +0.54 points	0.67%	0.13%
MsciMSCI	IMCG +0.53 points	0.60%	0.07%
Ventas ReitVTR	IMCG +0.52 points	0.58%	0.06%
VistraVST	IMCG +0.51 points	0.64%	0.13%
Comfort Systems UsaFIX	IMCG +0.49 points	0.61%	0.12%
CoherentCOHR	IMCG +0.47 points	0.59%	0.12%
Everpure Inc Class AP	IMCG +0.47 points	0.59%	0.12%
Idexx LaboratoriesIDXX	IMCG +0.47 points	0.59%	0.12%
Te Connectivity PLCTEL	IMCG +0.43 points	0.55%	0.12%
Take Two Interactive SoftwareTTWO	IMCG +0.41 points	0.46%	0.05%
Interactive Brokers Group Inc ClasIBKR	IMCG +0.39 points	0.49%	0.10%
Axon EnterpriseAXON	IMCG +0.39 points	0.46%	0.07%
Twilio Class ATWLO	IMCG +0.38 points	0.47%	0.09%
Simon Property Group Reit IncSPG	IMCG +0.38 points	0.46%	0.08%
Apollo Global ManagementAPO	IMCG +0.37 points	0.45%	0.08%
Dexcom IncDXCM	IMCG +0.36 points	0.41%	0.05%
JabilJBL	IMCG +0.36 points	0.41%	0.05%
Flex LtdFLEX	IMCG +0.35 points	0.44%	0.09%
Illumina IncILMN	IMCG +0.33 points	0.39%	0.06%
Emcor GroupEME	IMCG +0.31 points	0.40%	0.09%
Ferguson EnterprisesFERG	IMCG +0.31 points	0.37%	0.06%
Live Nation EntertainmentLYV	IMCG +0.31 points	0.35%	0.04%
Yum BrandsYUM	IMCG +0.30 points	0.36%	0.06%
Caseys General Stores IncCASY	IMCG +0.27 points	0.34%	0.07%
VerisignVRSN	IMCG +0.27 points	0.34%	0.07%
Reddit Class ARDDT	IMCG +0.23 points	0.25%	0.02%
ResmedRMD	IMCG +0.22 points	0.27%	0.05%
Mettler ToledoMTD	IMCG +0.21 points	0.26%	0.05%
Fair IsaacFICO	IMCG +0.18 points	0.20%	0.02%
EbayEBAY	IMCG +0.18 points	0.28%	0.10%
Verisk AnalyticsVRSK	IMCG +0.16 points	0.20%	0.04%
Expedia GroupEXPE	IMCG +0.15 points	0.24%	0.09%
TapestryTPR	IMCG +0.14 points	0.21%	0.07%
Echostar Class AECHO	IMCG +0.14 points	0.18%	0.04%
Ulta Beauty IncULTA	IMCG +0.14 points	0.22%	0.08%
Cincinnati FinancialCINF	IMCG +0.13 points	0.18%	0.05%
Rollins IncROL	IMCG +0.12 points	0.15%	0.03%
SterisSTE	IMCG +0.10 points	0.13%	0.03%
Carnival Corp LtdCCL	IMCG +0.08 points	0.19%	0.11%
Nrg Energy IncNRG	IMCG +0.08 points	0.12%	0.04%
First SolarFSLR	IMCG +0.08 points	0.13%	0.05%
Tko Group Holdings Inc Class ATKO	IMCG +0.07 points	0.10%	0.03%
Las Vegas SandsLVS	IMCG +0.05 points	0.08%	0.03%
Incyte CorpINCY	IMCG +0.05 points	0.11%	0.06%

All 259 IMCG holdings⁠All 152 IVW 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 IVW Cost

Overpaying IVW vs IMCG

$2,479

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

IMCG 0.06%
$1,270
IVW 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IMCG 0.06%
IVW 0.18%
Overpaying

Year by year

Year	IMCG	IVW	Overpaying
10	$110	$328	$218
20	$432	$1,281	$849
30	$1,270	$3,749	$2,479

Expense ratio

0.06%IMCG, cheaper
0.18%IVW

IMCG0.06%IVW0.18%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

IMCG 9th cheapest of 35 funds

IVW 17th cheapest of 35 funds

IMCG vs IVW Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCG 0.67%, better; IVW 0.36%
Payout (12M): IMCG $0.62; IVW $0.49
Last payment: IMCG $0.19; IVW $0.13
Ex-dividend: IMCG Sep 15, 2026; IVW Sep 15, 2026
Paid on: IMCG Sep 18, 2026; IVW Sep 18, 2026
Frequency: IMCG Quarterly; IVW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCGQuarterly · 39 paymentsAll IMCG payments⁠

IVWQuarterly · 38 paymentsAll IVW payments⁠

IMCG vs IVW Risk

Fall from peak · 5 years

IMCG
IVW

Risk facts

VolatilityStd dev, 3 years: IMCG 16.6%IVW 16.5%, better
Return per unit of riskSharpe ratio, 3 years: IMCG 0.97IVW 1.27, better
Worst fallMax drawdown, 5 years: IMCG −35.1%IVW −32.7%, better
Market sensitivityBeta, 5 years: IMCG 1.14IVW 1.17; Market = 1

IMCG and IVW in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026IMCGIVW
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IMCGIVW
Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026IVW

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IMCG vs IVW

In short

Stated mandate

Why people hold it