SPYG ranks 1st and IMCG 2nd of 35 funds in the US Growth Index Category.
IMCG vs SPYG
6.8%by weight
SPYG −0.02pt a year
0.06%0.04%
SPYG 17.7×the volume
139K2.47M
SPYG +3.2pt
+14.1%+17.3%
IMCG vs SPYG Performance
+28.0%+68.4%
- IMCG 0.06%
- SPYG 0.04%, better
- IMCG $3.9B
- SPYG $51.7B
- IMCG +15.5%, better
- SPYG +10.0%
- IMCG 0.67%, better
- SPYG 0.51%
- IMCG 262
- SPYG 155
- IMCG 139K sh
- SPYG 2.47M sh, better
- IMCG $90.22
- SPYG $112.22
ETF.net Grade
| Pillar | IMCG | SPYG |
|---|---|---|
| Cost | A78 | A96Higher |
| Mission | A96 | A98Higher |
| Risk | A74Higher | B61 |
| Tradability | B62 | A95Higher |
| Holdings | A76Higher | D36 |
| Durability | B69 | A79Higher |
Rank among US Growth Index funds
Same Category. IMCG and SPYG are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.
Our read on each fund
IMCGA
SPYGA
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.
SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.
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.
SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.
Why people hold it
Worth knowing
IMCG vs SPYG Holdings
How IMCG and SPYG differ
6.8%
Shared holdings make up 38.0% of IMCG and 6.8% of SPYG.
Level by level
- Holdings6.8%
- Sector59.3%
- Country98.5%
Sector
| Sector | More in IMCGMore in SPYG | Gap | IMCG | SPYG |
|---|---|---|---|---|
| Technology | SPYG +28.4 points | 22.2% | 50.6% | |
| Industrials | IMCG +17.5 points | 23.1% | 5.6% | |
| Communication | SPYG +12.3 points | 2.1% | 14.4% | |
| Materials | IMCG +5.8 points | 6.2% | 0.4% | |
| Consumer Discretionary | IMCG +3.3 points | 12.3% | 9.0% | |
| Real Estate | IMCG +3.1 points | 3.8% | 0.7% | |
| Energy | IMCG +3.1 points | 3.1% | 0.0% | |
| Utilities | IMCG +2.9 points | 3.2% | 0.3% | |
| Financials | IMCG +2.5 points | 12.6% | 10.1% | |
| Health Care | IMCG +1.6 points | 9.2% | 7.6% | |
| Consumer Staples | IMCG +1.0 points | 2.3% | 1.3% |
Country, concentration and asset class
Country
| Country | More in IMCGMore in SPYG | Gap | IMCG | SPYG |
|---|---|---|---|---|
| United States | SPYG +1.5 points | 98.3% | 99.8% | |
| Other countries (4) | IMCG +1.5 points | 1.7% | 0.2% |
Concentration
- IMCG11.9%
- SPYG60.1%
- IMCG259
- SPYG153
Asset class
- IMCG
- Stocks
- SPYG
- Stocks
Holdings
- Only in IMCG189
- In both70
- Only in SPYG83
Only in IMCG
189 securities, 61.8% of IMCG by weight
- Snowflake1.34%
- Cloudflare Class A1.24%
- Freeport Mcmoran Inc1.23%
- Motorola Solutions Inc1.23%
- Cintas1.10%
- Ecolab1.09%
- Aon PLC Class A1.02%
- Dell Technologies Inc Class C0.95%
- Ww Grainger Inc0.92%
- Cencora0.91%
- Csx0.88%
- Fastenal0.84%
- Emerson Electric0.79%
- Ametek Inc0.76%
- Marathon Petroleum0.73%
- Sherwin Williams0.72%
- Westinghouse Air Brake Technologie0.69%
- Baker Hughes Class A0.68%
- Nasdaq Inc0.68%
- Keysight Technologies0.67%
- Block Class A0.66%
- Arthur J Gallagher0.63%
- Chipotle Mexican Grill0.62%
- Natera0.61%
- Illinois Tool Inc0.60%
- Nxp Semiconductors NV0.59%
- Digital Realty Trust Reit0.59%
- Marsh0.53%
- Vulcan Materials0.51%
- Cardinal Health0.51%
- Nucor0.50%
- Williams0.47%
- Norfolk Southern Corp0.46%
- Roblox Class A0.46%
- Microchip Technology Inc0.45%
- Martin Marietta Materials0.45%
- Waters Corp0.45%
- Allstate Corp0.45%
- Garmin0.45%
- Air Products and Chemicals0.45%
- Old Dominion Freight Line0.44%
- L3HARRIS Technologies0.44%
- Northrop Grumman Corp0.44%
- Astera Labs0.43%
- Coinbase Global Class A0.43%
- Rocket Lab Corp0.43%
- Republic Services Inc0.43%
- American Electric Power Inc0.42%
- West Pharmaceutical Services0.41%
- Ares Management Class A0.40%
Only in SPYG
83 securities, 93.1% of SPYG by weight
- NVIDIA Corp13.42%
- Microsoft Corp11.71%
- Apple Inc7.42%
- Alphabet Inc Class A4.97%
- Broadcom Inc4.15%
- Alphabet Inc Class C4.01%
- Amazon.com Inc4.01%
- Meta Platforms Inc Class A4.00%
- Eli Lilly & Co3.22%
- Berkshire Hathaway Inc Class B3.16%
- Micron Technology Inc2.32%
- Advanced Micro Devices2.18%
- Tesla Inc1.86%
- JPMorgan Chase & Co1.80%
- Visa Inc Class A Shares1.18%
- Johnson & Johnson1.17%
- Palantir Technologies Inc A1.10%
- Mastercard Inc A1.05%
- Applied Materials Inc0.79%
- Netflix Inc0.78%
- Caterpillar Inc0.76%
- Rtx Corp0.76%
- Lam Research Corp0.75%
- AbbVie Inc0.70%
- Crowdstrike Holdings Inc A0.66%
- Ge Vernova Inc0.61%
- Cisco Systems Inc0.58%
- Amphenol Corp Class A0.55%
- Kla Corp0.54%
- Arista Networks Inc0.53%
- Welltower Inc0.53%
- General Electric0.52%
- Philip Morris International0.51%
- Amgen Inc0.50%
- Goldman Sachs Group Inc0.49%
- Intuitive Surgical Inc0.48%
- Coca Cola Co/The0.46%
- Palo Alto Networks Inc0.43%
- Uber Technologies Inc0.42%
- Morgan Stanley0.39%
- Newmont Corp0.38%
- Sandisk Corp0.36%
- Booking Holdings Inc0.36%
- Intl Business Machines Corp0.36%
- Oracle Corp0.35%
- American Express Co0.34%
- Gilead Sciences Inc0.33%
- Applovin Corp Class A0.31%
- Marriott International Class A0.26%
- McDonald’s Corp0.26%
Weight gaps
All 70 Holdings in both funds, largest gap first.
| Holding | More in IMCGMore in SPYG | Gap | IMCG | SPYG |
|---|---|---|---|---|
| Johnson Controls International PLC | IMCG +1.02 points | 1.18% | 0.16% | |
| Airbnb Class A | IMCG +0.99 points | 1.10% | 0.11% | |
| Moodys Corp | IMCG +0.98 points | 1.09% | 0.11% | |
| Royal Caribbean Group | IMCG +0.94 points | 1.18% | 0.24% | |
| Fortinet | IMCG +0.92 points | 1.06% | 0.14% | |
| Hilton Worldwide Holdings | IMCG +0.92 points | 1.17% | 0.25% | |
| Oreilly Automotive Inc | IMCG +0.83 points | 1.05% | 0.22% | |
| Doordash Class A | IMCG +0.78 points | 0.98% | 0.20% | |
| Cummins Inc | IMCG +0.77 points | 0.89% | 0.12% | |
| Transdigm Group | IMCG +0.75 points | 0.95% | 0.20% | |
| Edwards Lifesciences | IMCG +0.74 points | 0.82% | 0.08% | |
| Robinhood Markets Class A | IMCG +0.72 points | 0.91% | 0.19% | |
| Monster Beverage | IMCG +0.71 points | 0.90% | 0.19% | |
| Autodesk | IMCG +0.70 points | 0.80% | 0.10% | |
| Bank of New York Mellon Corp | IMCG +0.70 points | 0.89% | 0.19% | |
| Datadog Inc Class A | IMCG +0.67 points | 0.85% | 0.18% | |
| Carvana Class A | IMCG +0.67 points | 0.75% | 0.08% | |
| Ross Stores Inc | IMCG +0.65 points | 0.76% | 0.11% | |
| Autozone | IMCG +0.66 points | 0.76% | 0.10% | |
| Monolithic Power Systems Inc | IMCG +0.63 points | 0.80% | 0.17% | |
| Msci | IMCG +0.59 points | 0.66% | 0.07% | |
| Ventas Reit | IMCG +0.58 points | 0.65% | 0.07% | |
| Idexx Laboratories | IMCG +0.58 points | 0.74% | 0.16% | |
| Veeva Systems Class A | IMCG +0.57 points | 0.65% | 0.08% | |
| Bloom Energy Class A | IMCG +0.57 points | 0.72% | 0.15% | |
| Lumentum Holdings | IMCG +0.54 points | 0.68% | 0.14% | |
| United Rentals | IMCG +0.54 points | 0.65% | 0.11% | |
| Rockwell Automation Inc | IMCG +0.53 points | 0.60% | 0.07% | |
| Vistra | IMCG +0.48 points | 0.60% | 0.12% | |
| Take Two Interactive Software | IMCG +0.48 points | 0.54% | 0.06% | |
| Teradyne | IMCG +0.43 points | 0.49% | 0.06% | |
| Simon Property Group Reit Inc | IMCG +0.42 points | 0.51% | 0.09% | |
| Te Connectivity PLC | IMCG +0.42 points | 0.54% | 0.12% | |
| Coherent | IMCG +0.40 points | 0.51% | 0.11% | |
| Comfort Systems Usa | IMCG +0.39 points | 0.50% | 0.11% | |
| Ciena | IMCG +0.40 points | 0.50% | 0.10% | |
| Dexcom Inc | IMCG +0.38 points | 0.43% | 0.05% | |
| Apollo Global Management | IMCG +0.38 points | 0.47% | 0.09% | |
| Interactive Brokers Group Inc Clas | IMCG +0.38 points | 0.48% | 0.10% | |
| Everpure Inc Class A | IMCG +0.34 points | 0.44% | 0.10% | |
| Yum Brands | IMCG +0.34 points | 0.40% | 0.06% | |
| Twilio Class A | IMCG +0.33 points | 0.42% | 0.09% | |
| Ferguson Enterprises | IMCG +0.32 points | 0.38% | 0.06% | |
| Live Nation Entertainment | IMCG +0.32 points | 0.36% | 0.04% | |
| Jabil | IMCG +0.31 points | 0.36% | 0.05% | |
| Axon Enterprise | IMCG +0.30 points | 0.35% | 0.05% | |
| Emcor Group | IMCG +0.29 points | 0.37% | 0.08% | |
| Caseys General Stores Inc | IMCG +0.29 points | 0.37% | 0.08% | |
| Verisign | IMCG +0.29 points | 0.36% | 0.07% | |
| Flex Ltd | IMCG +0.27 points | 0.35% | 0.08% | |
| Illumina Inc | IMCG +0.25 points | 0.30% | 0.05% | |
| Mettler Toledo | IMCG +0.22 points | 0.27% | 0.05% | |
| Resmed | IMCG +0.21 points | 0.27% | 0.06% | |
| Ebay | IMCG +0.19 points | 0.30% | 0.11% | |
| Fair Isaac | IMCG +0.19 points | 0.21% | 0.02% | |
| Verisk Analytics | IMCG +0.19 points | 0.23% | 0.04% | |
| Tapestry | IMCG +0.17 points | 0.25% | 0.08% | |
| Reddit Class A | IMCG +0.17 points | 0.20% | 0.03% | |
| Ulta Beauty Inc | IMCG +0.15 points | 0.23% | 0.08% | |
| Echostar Class A | IMCG +0.15 points | 0.19% | 0.04% | |
| Expedia Group | IMCG +0.14 points | 0.23% | 0.09% | |
| Cincinnati Financial | IMCG +0.14 points | 0.19% | 0.05% | |
| Rollins Inc | IMCG +0.14 points | 0.17% | 0.03% | |
| Steris | IMCG +0.11 points | 0.15% | 0.04% | |
| Carnival Corp Ltd | IMCG +0.10 points | 0.21% | 0.11% | |
| First Solar | IMCG +0.10 points | 0.16% | 0.06% | |
| Tko Group Holdings Inc Class A | IMCG +0.08 points | 0.11% | 0.03% | |
| Nrg Energy Inc | IMCG +0.08 points | 0.12% | 0.04% | |
| Las Vegas Sands | IMCG +0.06 points | 0.09% | 0.03% | |
| Incyte Corp | IMCG +0.06 points | 0.12% | 0.06% |
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 SPYG Cost
Overpaying IMCG vs SPYG
$421
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
IMCG 0.06%
$1,270
SPYG 0.04%
$849
Cost over time
Year by year
| Year | IMCG | SPYG | Overpaying |
|---|---|---|---|
| 10 | $110 | $73 | $37 |
| 20 | $432 | $288 | $144 |
| 30 | $1,270 | $849 | $421 |
- 0.06%IMCG
- 0.04%SPYG, cheaper
- Middle half of US Growth Index funds
- Median 0.18%
SPYG 2nd cheapest of 35 funds
IMCG 9th cheapest of 35 funds
IMCG vs SPYG Dividends
- IMCG 0.67%, better
- SPYG 0.51%
- IMCG $0.62
- SPYG $0.59
- IMCG $0.19
- SPYG $0.15
- IMCG Sep 15, 2026
- SPYG Sep 21, 2026
- IMCG Sep 18, 2026
- SPYG Sep 23, 2026
- IMCG Quarterly
- SPYG Quarterly
Distribution history
IMCG vs SPYG Risk
Fall from peak · 5 years
- IMCG
- SPYG
Risk facts
- Volatility
- IMCG 16.6%SPYG 16.5%, better
- Return per unit of risk
- IMCG 0.97SPYG 1.28, better
- Worst fall
- IMCG −35.1%SPYG −32.7%, better
- Market sensitivity
- IMCG 1.13SPYG 1.18
IMCG and SPYG in the news
Popular comparisons
- 0.06% · 0.05%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.04% · 0.04%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.06% · 0.04%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.04% · 0.07%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.06% · 0.04%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.
- 0.04% · 0.03%
- Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

