IMCG vs VONG: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Growth ETF

IMCGANYSE Arca

Vanguard Russell 1000 Growth ETF

VONGANasdaq

Overlap

10.5%by weight

Expense ratio

IMCG0.06%VONG0.06%

Avg volume · 30D

VONG 8.0×the volume

IMCG132KVONG1.06M

10Y return · a year

VONG +3.3pt

IMCG+14.3%VONG+17.6%

IMCG vs VONG Performance

Oct 29, 2021 – Oct 30, 2026

+30.8%IMCG+63.4%VONG

Expense ratio: IMCG 0.06%; VONG 0.06%
Fund size: IMCG $4.04B; VONG $55.6B
1Y total return: IMCG +14.0%, better; VONG −2.6%
Yield (12M): IMCG 0.67%, better; VONG 0.48%
Holdings: IMCG 262; VONG 374
Avg volume (30D): IMCG 132K sh; VONG 1.06M sh, better
NAV per share: IMCG $93.24; VONG $121.06
52W range

ETF.net Grade

Pillar letters and Scores for IMCG, VONG, with each pillar’s weight
Pillar	IMCG	VONG
Cost30% weight	A78	A78
Mission25% weight	A95	A100Higher
Risk15% weight	A78Higher	D33
Tradability15% weight	B61Higher	C52
Holdings10% weight	A75Higher	C41
Durability5% weight	B66	A83Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. IMCG 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 ›

IMCG 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 2ASCHGSchwab U.S. Large-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

IMCGAiShares Morningstar Mid-Cap Growth ETF

VONGAVanguard Russell 1000 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.

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

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.

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

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.

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

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.

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 IMCG profile⁠

Full VONG profile⁠

IMCG vs VONG Holdings

How IMCG and VONG differ

Overlap by weight

10.5%

Shared holdings make up 62.3% of IMCG and 10.5% of VONG.

Level by level

Holdings134 in both10.5%
Sector11 Sectors52.5%
Countryby domicile98.2%
Asset classEquity100%

Sector

Sector weights in IMCG and VONG, widest gap first
Sector	More in IMCGMore in VONG	IMCG	VONG
Technology	VONG +33.4 points	23.3%	56.7%
Industrials	IMCG +15.6 points	23.0%	7.4%
Communication	VONG +14.1 points	2.2%	16.3%
Financials	IMCG +8.1 points	12.5%	4.4%
Materials	IMCG +6.1 points	6.4%	0.3%
Health Care	IMCG +3.5 points	8.9%	5.4%
Consumer Discretionary	IMCG +3.3 points	10.6%	7.3%
Real Estate	IMCG +3.2 points	3.6%	0.4%
Energy	IMCG +3.0 points	3.5%	0.5%
Utilities	IMCG +2.9 points	3.1%	0.2%
Consumer Staples	IMCG +1.8 points	2.9%	1.1%

Country, concentration and asset class

Country by domicile

Country weights in IMCG and VONG, widest gap first
Country	More in IMCGMore in VONG	IMCG	VONG
United States	VONG +1.8 points	98.2%	100.0%
China	IMCG +0.6 points	0.6%	0.0%
Other countries (3)	IMCG +1.3 points	1.3%	0.0%

Concentration

Weight in the 10 largest Holdings

IMCG12.4%
VONG57.7%

Securities held

IMCG259
VONG372

Asset class

IMCG: Equity
VONG: Equity

Holdings

Only in IMCG125
In both134
Only in VONG238

Only in IMCG

125 securities, 37.6% of IMCG by weight

Freeport Mcmoran Inc1.29%
Ecolab1.03%
Oreilly Automotive Inc0.97%
Aon PLC Class A0.92%
Csx0.89%
Ametek Inc0.79%
Emerson Electric0.79%
Baker Hughes Class A0.73%
Edwards Lifesciences0.71%
Westinghouse Air Brake Technologie0.65%
Veeva Systems Class A0.63%
Nasdaq Inc0.63%
Nxp Semiconductors NV0.60%
Digital Realty Trust Reit0.59%
Ventas Reit0.58%
Arthur J Gallagher0.56%
Block Class A0.56%
Te Connectivity PLC0.55%
Nucor0.53%
Williams0.52%
Marsh0.48%
Coinbase Global Class A0.48%
Vulcan Materials0.48%
Norfolk Southern Corp0.47%
Apollo Global Management0.45%
Waters Corp0.45%
L3HARRIS Technologies0.44%
Flex Ltd0.44%
Northrop Grumman Corp0.44%
Martin Marietta Materials0.44%
Air Products and Chemicals0.43%
Allstate Corp0.43%
Garmin0.41%
American Electric Power Inc0.40%
West Pharmaceutical Services0.40%
Illumina Inc0.39%
Republic Services Inc0.38%
Vylor0.38%
Entergy Corp0.37%
Qnity Electronics0.35%
Agilent Technologies Inc0.35%
Verisign0.34%
Iron Mountain Inc0.34%
Carrier Global0.32%
Hubbell Inc0.30%
Crh Public Limited PLC0.29%
State Street0.28%
Humana0.28%
Resmed0.27%
Royal Gold0.27%

Only in VONG

238 securities, 89.4% of VONG by weight

NVIDIA Corp15.66%
Apple Inc7.67%
Alphabet Inc5.89%
Microsoft Corp5.60%
Broadcom Inc4.80%
Alphabet Inc4.76%
Meta Platforms Inc3.83%
Micron Technology Inc3.53%
Tesla Inc3.05%
Advanced Micro Devices Inc2.92%
Eli Lilly & Co2.71%
Visa Inc1.70%
Mastercard Inc1.31%
Palantir Technologies Inc1.22%
Lam Research Corp1.21%
Applied Materials Inc1.19%
Caterpillar Inc1.08%
General Electric Co0.95%
Palo Alto Networks Inc0.94%
Netflix Inc0.85%
Crowdstrike Holdings Inc0.78%
GE Vernova Inc0.75%
KLA Corp0.75%
Texas Instruments Inc0.75%
Sandisk Corp0.74%
Oracle Corp0.69%
Marvell Technology Inc0.68%
Arista Networks Inc0.62%
Home Depot Inc/The0.62%
Amphenol Corp0.61%
Amazon.com Inc0.59%
Costco Wholesale Corp0.52%
Amgen Inc0.47%
Western Digital Corp0.46%
Intuitive Surgical Inc0.42%
ServiceNow Inc0.40%
Booking Holdings Inc0.37%
Corning Inc0.36%
Lockheed Martin Corp0.30%
Trane Technologies PLC0.29%
Quanta Services Inc0.28%
McKesson Corp0.28%
Vertiv Holdings Co0.27%
Boeing Co/The0.27%
Cadence Design Systems Inc0.27%
Howmet Aerospace Inc0.26%
Space Exploration Technologies Corp0.25%
Spotify Technology SA0.23%
AppLovin Corp0.20%
TJX Cos Inc/The0.20%

Weight gaps

The 100 widest of 134 Holdings in both funds.

Holding weights in IMCG and VONG, widest gap first
Holding	More in IMCGMore in VONG	IMCG	VONG
Johnson Controls International PLCJCI	IMCG +1.28 points	1.30%	0.02%
Dell Technologies Inc Class CDELL	IMCG +1.24 points	1.30%	0.06%
SnowflakeSNOW	IMCG +1.19 points	1.52%	0.33%
Cloudflare Class ANET	IMCG +1.02 points	1.35%	0.33%
Motorola Solutions IncMSI	IMCG +1.03 points	1.11%	0.08%
Royal Caribbean GroupRCL	IMCG +0.94 points	1.05%	0.11%
Datadog Inc Class ADDOG	IMCG +0.94 points	1.20%	0.26%
Moodys CorpMCO	IMCG +0.91 points	1.00%	0.09%
Lumentum HoldingsLITE	IMCG +0.88 points	1.10%	0.22%
Cummins IncCMI	IMCG +0.87 points	0.97%	0.10%
Hilton Worldwide HoldingsHLT	IMCG +0.86 points	1.07%	0.21%
FortinetFTNT	IMCG +0.86 points	1.18%	0.32%
Bank of New York Mellon CorpBNY	IMCG +0.83 points	0.85%	0.02%
CintasCTAS	IMCG +0.82 points	1.02%	0.20%
Transdigm GroupTDG	IMCG +0.79 points	0.88%	0.09%
Monster BeverageMNST	IMCG +0.78 points	0.86%	0.08%
Robinhood Markets Class AHOOD	IMCG +0.76 points	0.97%	0.21%
Airbnb Class AABNB	IMCG +0.71 points	0.91%	0.20%
Doordash Class ADASH	IMCG +0.72 points	0.92%	0.20%
CencoraCOR	IMCG +0.69 points	0.85%	0.16%
Ww Grainger IncGWW	IMCG +0.69 points	0.82%	0.14%
AutozoneAZO	IMCG +0.68 points	0.70%	0.02%
Keysight TechnologiesKEYS	IMCG +0.66 points	0.76%	0.10%
FastenalFAST	IMCG +0.65 points	0.79%	0.14%
United RentalsURI	IMCG +0.65 points	0.69%	0.04%
Bloom Energy Class ABE	IMCG +0.64 points	0.87%	0.23%
NateraNTRA	IMCG +0.64 points	0.81%	0.17%
Marathon PetroleumMPC	IMCG +0.63 points	0.80%	0.17%
Sherwin WilliamsSHW	IMCG +0.60 points	0.66%	0.06%
MsciMSCI	IMCG +0.59 points	0.60%	<0.01%
Monolithic Power Systems IncMPWR	IMCG +0.57 points	0.76%	0.19%
AutodeskADSK	IMCG +0.57 points	0.70%	0.13%
Rockwell Automation IncROK	IMCG +0.56 points	0.68%	0.12%
CoherentCOHR	IMCG +0.56 points	0.59%	0.03%
Carvana Class ACVNA	IMCG +0.53 points	0.66%	0.13%
Ross Stores IncROST	IMCG +0.53 points	0.72%	0.19%
CienaCIEN	IMCG +0.52 points	0.67%	0.15%
Illinois Tool IncITW	IMCG +0.51 points	0.57%	0.06%
VistraVST	IMCG +0.50 points	0.64%	0.14%
Idexx LaboratoriesIDXX	IMCG +0.49 points	0.59%	0.10%
Everpure Inc Class AP	IMCG +0.49 points	0.59%	0.10%
Microchip Technology IncMCHP	IMCG +0.48 points	0.60%	0.12%
Twilio Class ATWLO	IMCG +0.45 points	0.47%	0.02%
Astera LabsALAB	IMCG +0.46 points	0.61%	0.16%
Interactive Brokers Group Inc ClasIBKR	IMCG +0.45 points	0.49%	0.04%
TeradyneTER	IMCG +0.45 points	0.63%	0.18%
Comfort Systems UsaFIX	IMCG +0.44 points	0.61%	0.17%
Old Dominion Freight LineODFL	IMCG +0.42 points	0.44%	0.02%
Chipotle Mexican GrillCMG	IMCG +0.41 points	0.53%	0.12%
On Semiconductor CorpON	IMCG +0.40 points	0.40%	<0.01%
Roblox Class ARBLX	IMCG +0.38 points	0.46%	0.08%
Cardinal HealthCAH	IMCG +0.37 points	0.44%	0.07%
Ferguson EnterprisesFERG	IMCG +0.36 points	0.37%	<0.01%
Axon EnterpriseAXON	IMCG +0.36 points	0.46%	0.10%
Estee Lauder Inc Class AEL	IMCG +0.36 points	0.37%	0.01%
Take Two Interactive SoftwareTTWO	IMCG +0.35 points	0.46%	0.11%
Mongodb Class AMDB	IMCG +0.34 points	0.41%	0.07%
Rocket Lab CorpRKLB	IMCG +0.34 points	0.45%	0.11%
Yum BrandsYUM	IMCG +0.33 points	0.36%	0.03%
Entegris IncENTG	IMCG +0.32 points	0.33%	<0.01%
JabilJBL	IMCG +0.32 points	0.41%	0.09%
Steel Dynamics IncSTLD	IMCG +0.31 points	0.32%	<0.01%
Dexcom IncDXCM	IMCG +0.31 points	0.41%	0.10%
Emcor GroupEME	IMCG +0.30 points	0.40%	0.10%
Ares Management Class AARES	IMCG +0.29 points	0.36%	0.07%
Sofi TechnologiesSOFI	IMCG +0.29 points	0.30%	<0.01%
ZscalerZS	IMCG +0.29 points	0.35%	0.06%
Credo Technology Group Holding LtdCRDO	IMCG +0.28 points	0.38%	0.10%
Caseys General Stores IncCASY	IMCG +0.28 points	0.34%	0.06%
Nvent Electric PLCNVT	IMCG +0.27 points	0.30%	0.03%
Simon Property Group Reit IncSPG	IMCG +0.27 points	0.46%	0.19%
Live Nation EntertainmentLYV	IMCG +0.27 points	0.35%	0.08%
Lpl Financial HoldingsLPLA	IMCG +0.26 points	0.29%	0.03%
Targa ResourcesTRGP	IMCG +0.26 points	0.43%	0.17%
Colgate-PalmoliveCL	IMCG +0.26 points	0.35%	0.09%
Super Micro Computer IncSMCI	IMCG +0.25 points	0.26%	<0.01%
EbayEBAY	IMCG +0.25 points	0.28%	0.03%
Public Storage ReitPSA	IMCG +0.26 points	0.27%	0.01%
InsmedINSM	IMCG +0.25 points	0.32%	0.07%
Ameriprise Finance IncAMP	IMCG +0.25 points	0.26%	0.01%
AtiATI	IMCG +0.24 points	0.32%	0.08%
XpoXPO	IMCG +0.23 points	0.29%	0.06%
Affirm Holdings Class AAFRM	IMCG +0.23 points	0.29%	0.06%
Centene CorpCNC	IMCG +0.23 points	0.24%	<0.01%
Northern TrustNTRS	IMCG +0.22 points	0.22%	<0.01%
Curtiss WrightCW	IMCG +0.22 points	0.25%	0.03%
Alnylam PharmaceuticalsALNY	IMCG +0.21 points	0.31%	0.10%
Heico Class AHEI.A	IMCG +0.21 points	0.26%	0.05%
Ulta Beauty IncULTA	IMCG +0.20 points	0.22%	0.02%
Hershey FoodsHSY	IMCG +0.20 points	0.21%	<0.01%
Coupang Class ACPNG	IMCG +0.20 points	0.25%	0.05%
Clean Harbors IncCLH	IMCG +0.20 points	0.21%	<0.01%
Texas Pacific LandTPL	IMCG +0.20 points	0.26%	0.06%
Rbc BearingsRBC	IMCG +0.20 points	0.21%	<0.01%
Technipfmc PLCFTI	IMCG +0.20 points	0.23%	0.03%
Cbre Group Class ACBRE	IMCG +0.20 points	0.21%	0.01%
Reddit Class ARDDT	IMCG +0.19 points	0.25%	0.06%
WoodwardWWD	IMCG +0.19 points	0.25%	0.06%
MksMKSI	IMCG +0.20 points	0.20%	<0.01%
Macom Technology SolutionsMTSI	IMCG +0.18 points	0.24%	0.06%

All 259 IMCG 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.

IMCG vs VONG 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
VONG 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

IMCG 0.06%
VONG 0.06%

Year by year

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

Expense ratio

0.06%IMCG
0.06%VONG

IMCG0.06%VONG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

IMCG 9th cheapest of 35 funds

VONG 9th cheapest of 35 funds

IMCG vs VONG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCG 0.67%, better; VONG 0.48%
Payout (12M): IMCG $0.62; VONG $0.58
Last payment: IMCG $0.19; VONG $0.14
Ex-dividend: IMCG Sep 15, 2026; VONG Sep 23, 2026
Paid on: IMCG Sep 18, 2026; VONG Sep 25, 2026
Frequency: IMCG Quarterly; VONG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCGQuarterly · 39 paymentsAll IMCG payments⁠

VONGQuarterly · 39 paymentsAll VONG payments⁠

IMCG vs VONG Risk

Fall from peak · 5 years

IMCG
VONG

Risk facts

VolatilityStd dev, 3 years: IMCG 16.6%, betterVONG 16.9%
Return per unit of riskSharpe ratio, 3 years: IMCG 0.97VONG 1.02, better
Worst fallMax drawdown, 5 years: IMCG −35.1%VONG −32.7%, better
Market sensitivityBeta, 5 years: IMCG 1.14VONG 1.16; Market = 1

IMCG 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, 2026IMCGVONG
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026IMCGVONG

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IMCG vs VONG

In short

Stated mandate

Why people hold it

Worth knowing

How IMCG and VONG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCG

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 IMCG and VONG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCG

Only in VONG

Weight gaps