IMCG vs VOT: Grades, Fees and Holdings Compared

iShares Morningstar Mid-Cap Growth ETF

IMCGANYSE Arca

Vanguard Morningstar Mid-Cap Growth ETF

VOTANYSE Arca

Overlap

47.4%by weight

Expense ratio

VOT −0.01pt a year

IMCG0.06%VOT0.05%

Avg volume · 30D

VOT 1.5×the volume

IMCG132KVOT204K

10Y return · a year

IMCG +2.7pt

IMCG+14.3%VOT+11.6%

IMCG vs VOT Performance

Oct 29, 2021 – Oct 30, 2026

+30.8%IMCG+15.5%VOT

Expense ratio: IMCG 0.06%; VOT 0.05%, better
Fund size: IMCG $4.04B; VOT $33.2B
1Y total return: IMCG +14.0%, better; VOT −1.2%
Yield (12M): IMCG 0.67%, better; VOT 0.62%
Holdings: IMCG 262; VOT 123
Avg volume (30D): IMCG 132K sh; VOT 204K sh, better
NAV per share: IMCG $93.24; VOT $286.95
52W range

ETF.net Grade

Pillar letters and Scores for IMCG, VOT, with each pillar’s weight
Pillar	IMCG	VOT
Cost30% weight	A78	A78
Mission25% weight	A95	A97Higher
Risk15% weight	A78Higher	C49
Tradability15% weight	B61Higher	D39
Holdings10% weight	A75Higher	A72
Durability5% weight	B66	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. IMCG 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 ›

IMCG 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 2ASCHGSchwab U.S. Large-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

IMCGAiShares Morningstar Mid-Cap Growth ETF

VOTAVanguard Morningstar Mid-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.

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

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.

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

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.

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

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.

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 IMCG profile⁠

Full VOT profile⁠

IMCG vs VOT Holdings

How IMCG and VOT differ

Overlap by weight

47.4%

Shared holdings make up 86.2% of VOT and 48.8% of IMCG.

Level by level

Holdings101 in both47.4%
Sector11 Sectors85.4%
Countryby domicile98.2%
Asset classEquity100%

Sector

Sector weights in IMCG and VOT, widest gap first
Sector	More in IMCGMore in VOT	IMCG	VOT
Technology	VOT +8.2 points	23.3%	31.5%
Financials	IMCG +5.7 points	12.5%	6.8%
Materials	IMCG +5.0 points	6.4%	1.4%
Industrials	VOT +2.4 points	23.0%	25.4%
Consumer Staples	IMCG +2.1 points	2.9%	0.8%
Consumer Discretionary	VOT +2.1 points	10.6%	12.7%
Energy	IMCG +1.8 points	3.5%	1.7%
Health Care	VOT +0.9 points	8.9%	9.8%
Communication	VOT +0.5 points	2.2%	2.7%
Real Estate	VOT +0.5 points	3.6%	4.0%
Utilities	Same weight	3.1%	3.1%

Country, concentration and asset class

Country by domicile

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

Securities held

IMCG259
VOT118

Asset class

IMCG: Equity
VOT: Equity

Holdings

Only in IMCG158
In both101
Only in VOT17

Only in IMCG

158 securities, 51.1% of IMCG by weight

Johnson Controls International PLC1.30%
Dell Technologies Inc Class C1.30%
Freeport Mcmoran Inc1.29%
Ecolab1.03%
Moodys Corp1.00%
Oreilly Automotive Inc0.97%
Cummins Inc0.97%
Aon PLC Class A0.92%
Airbnb Class A0.91%
Csx0.89%
Monster Beverage0.86%
Cencora0.85%
Bank of New York Mellon Corp0.85%
Natera0.81%
Marathon Petroleum0.80%
Emerson Electric0.79%
Baker Hughes Class A0.73%
United Rentals0.69%
Sherwin Williams0.66%
Westinghouse Air Brake Technologie0.65%
Nasdaq Inc0.63%
Nxp Semiconductors NV0.60%
Everpure Inc Class A0.59%
Digital Realty Trust Reit0.59%
Illinois Tool Inc0.57%
Arthur J Gallagher0.56%
Te Connectivity PLC0.55%
Nucor0.53%
Williams0.52%
Interactive Brokers Group Inc Clas0.49%
Marsh0.48%
Twilio Class A0.47%
Norfolk Southern Corp0.47%
Simon Property Group Reit Inc0.46%
L3HARRIS Technologies0.44%
Cardinal Health0.44%
Northrop Grumman Corp0.44%
Air Products and Chemicals0.43%
Allstate Corp0.43%
Jabil0.41%
American Electric Power Inc0.40%
Emcor Group0.40%
Illumina Inc0.39%
Vylor0.38%
Credo Technology Group Holding Ltd0.38%
Entergy Corp0.37%
Ferguson Enterprises0.37%
Colgate-Palmolive0.35%
Caseys General Stores Inc0.34%
Entegris Inc0.33%

Only in VOT

17 securities, 13.7% of VOT by weight

Quanta Services Inc2.28%
Vertiv Holdings Co2.20%
Howmet Aerospace Inc2.13%
Constellation Energy Corp2.02%
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 101 Holdings in both funds.

Holding weights in IMCG and VOT, widest gap first
Holding	More in IMCGMore in VOT	IMCG	VOT
Cloudflare Class ANET	VOT +1.30 points	1.35%	2.65%
Robinhood Markets Class AHOOD	VOT +1.13 points	0.97%	2.10%
Ross Stores IncROST	VOT +1.05 points	0.72%	1.77%
Realty Income ReitO	VOT +0.98 points	0.23%	1.21%
Datadog Inc Class ADDOG	VOT +0.97 points	1.20%	2.17%
Bloom Energy Class ABE	VOT +0.96 points	0.87%	1.83%
Lumentum HoldingsLITE	VOT +0.96 points	1.10%	2.06%
Targa ResourcesTRGP	VOT +0.94 points	0.43%	1.37%
TeradyneTER	VOT +0.85 points	0.63%	1.48%
Agilent Technologies IncA	VOT +0.80 points	0.35%	1.15%
Doordash Class ADASH	VOT +0.77 points	0.92%	1.69%
Comfort Systems UsaFIX	VOT +0.77 points	0.61%	1.38%
CoherentCOHR	VOT +0.74 points	0.59%	1.33%
Monolithic Power Systems IncMPWR	VOT +0.73 points	0.76%	1.49%
Astera LabsALAB	VOT +0.69 points	0.61%	1.31%
GarminGRMN	VOT +0.70 points	0.41%	1.11%
Motorola Solutions IncMSI	VOT +0.63 points	1.11%	1.74%
Coreweave Class ACRWV	VOT +0.63 points	0.17%	0.80%
Hilton Worldwide HoldingsHLT	VOT +0.62 points	1.07%	1.69%
Republic Services IncRSG	VOT +0.61 points	0.38%	0.99%
Waters CorpWAT	VOT +0.57 points	0.45%	1.02%
Ametek IncAME	VOT +0.55 points	0.79%	1.34%
FastenalFAST	VOT +0.55 points	0.79%	1.34%
Royal Caribbean GroupRCL	VOT +0.55 points	1.05%	1.60%
Rocket Lab CorpRKLB	VOT +0.54 points	0.45%	0.99%
Transdigm GroupTDG	VOT +0.53 points	0.88%	1.41%
Yum BrandsYUM	VOT +0.52 points	0.36%	0.88%
Extra Space Storage ReitEXR	VOT +0.51 points	0.15%	0.66%
CienaCIEN	VOT +0.51 points	0.67%	1.18%
Ww Grainger IncGWW	VOT +0.49 points	0.82%	1.32%
ResmedRMD	VOT +0.48 points	0.27%	0.75%
Expedia GroupEXPE	VOT +0.47 points	0.24%	0.71%
Alnylam PharmaceuticalsALNY	VOT +0.47 points	0.31%	0.78%
Edwards LifesciencesEW	VOT +0.47 points	0.71%	1.18%
Take Two Interactive SoftwareTTWO	VOT +0.46 points	0.46%	0.92%
VistraVST	VOT +0.46 points	0.64%	1.10%
Mettler ToledoMTD	VOT +0.46 points	0.26%	0.72%
Coinbase Global Class ACOIN	VOT +0.45 points	0.48%	0.93%
Ventas ReitVTR	VOT +0.45 points	0.58%	1.03%
Chipotle Mexican GrillCMG	VOT +0.43 points	0.53%	0.96%
Iron Mountain IncIRM	VOT +0.40 points	0.34%	0.74%
Microchip Technology IncMCHP	VOT +0.40 points	0.60%	1.00%
CorpayCPAY	VOT +0.40 points	0.17%	0.57%
Teledyne TechnologiesTDY	VOT +0.39 points	0.27%	0.66%
AutozoneAZO	VOT +0.39 points	0.70%	1.09%
Xylem IncXYL	VOT +0.39 points	0.17%	0.56%
Block Class AXYZ	VOT +0.38 points	0.56%	0.94%
Idexx LaboratoriesIDXX	VOT +0.38 points	0.59%	0.97%
Rocket Companies Inc Class ARKT	VOT +0.36 points	0.16%	0.52%
Dexcom IncDXCM	VOT +0.36 points	0.41%	0.77%
Church and Dwight IncCHD	VOT +0.36 points	0.17%	0.53%
VeraltoVLTO	VOT +0.35 points	0.19%	0.54%
Veeva Systems Class AVEEV	VOT +0.35 points	0.63%	0.98%
Carvana Class ACVNA	VOT +0.35 points	0.66%	1.01%
AutodeskADSK	VOT +0.34 points	0.70%	1.04%
Copart IncCPRT	VOT +0.34 points	0.20%	0.54%
Ulta Beauty IncULTA	VOT +0.33 points	0.22%	0.55%
Old Dominion Freight LineODFL	VOT +0.33 points	0.44%	0.77%
Verisk AnalyticsVRSK	VOT +0.32 points	0.20%	0.52%
Axon EnterpriseAXON	VOT +0.31 points	0.46%	0.77%
Sba Communications Reit Corp ClassSBAC	VOT +0.28 points	0.12%	0.40%
Lpl Financial HoldingsLPLA	VOT +0.28 points	0.29%	0.57%
Super Micro Computer IncSMCI	VOT +0.27 points	0.26%	0.53%
Vulcan MaterialsVMC	VOT +0.27 points	0.48%	0.75%
Martin Marietta MaterialsMLM	VOT +0.24 points	0.44%	0.68%
MsciMSCI	VOT +0.23 points	0.60%	0.83%
CintasCTAS	IMCG +0.24 points	1.02%	0.78%
Live Nation EntertainmentLYV	VOT +0.23 points	0.35%	0.58%
Mongodb Class AMDB	VOT +0.22 points	0.41%	0.63%
Ares Management Class AARES	VOT +0.22 points	0.36%	0.58%
West Pharmaceutical ServicesWST	VOT +0.22 points	0.40%	0.62%
Reddit Class ARDDT	VOT +0.22 points	0.25%	0.47%
EquifaxEFX	VOT +0.20 points	0.18%	0.38%
VerisignVRSN	VOT +0.20 points	0.34%	0.54%
SnowflakeSNOW	IMCG +0.20 points	1.52%	1.32%
Qnity ElectronicsQ	IMCG +0.19 points	0.35%	0.16%
Roblox Class ARBLX	VOT +0.18 points	0.46%	0.64%
Apollo Global ManagementAPO	IMCG +0.17 points	0.45%	0.28%
Carnival Corp LtdCCL	VOT +0.17 points	0.19%	0.36%
Hubbell IncHUBB	IMCG +0.16 points	0.30%	0.14%
Las Vegas SandsLVS	VOT +0.15 points	0.08%	0.23%
Heico Class AHEI.A	VOT +0.15 points	0.26%	0.41%
ZscalerZS	VOT +0.15 points	0.35%	0.50%
FortinetFTNT	VOT +0.14 points	1.18%	1.32%
Ingersoll RandIR	VOT +0.13 points	0.21%	0.34%
Zoetis Inc Class AZTS	VOT +0.13 points	0.18%	0.31%
Rockwell Automation IncROK	IMCG +0.11 points	0.68%	0.57%
SterisSTE	VOT +0.11 points	0.13%	0.24%
HeicoHEI	VOT +0.11 points	0.19%	0.30%
Estee Lauder Inc Class AEL	IMCG +0.10 points	0.37%	0.27%
Fair IsaacFICO	VOT +0.09 points	0.20%	0.29%
First SolarFSLR	VOT +0.08 points	0.13%	0.21%
On Semiconductor CorpON	IMCG +0.05 points	0.40%	0.35%
Ast Spacemobile Class AASTS	VOT +0.04 points	0.16%	0.20%
Flex LtdFLEX	VOT +0.04 points	0.44%	0.48%
Rollins IncROL	IMCG +0.04 points	0.15%	0.11%
InsmedINSM	IMCG +0.03 points	0.32%	0.29%
Keysight TechnologiesKEYS	IMCG +0.03 points	0.76%	0.73%
Tko Group Holdings Inc Class ATKO	VOT +0.02 points	0.10%	0.12%
Markel GroupMKL	VOT +0.02 points	0.22%	0.24%

All 259 IMCG 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.

IMCG vs VOT Cost

Overpaying IMCG vs VOT

$210

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

IMCG 0.06%
$1,270
VOT 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

IMCG 0.06%
VOT 0.05%
Overpaying

Year by year

Year	IMCG	VOT	Overpaying
10	$110	$92	$18
20	$432	$360	$72
30	$1,270	$1,060	$210

Expense ratio

0.06%IMCG
0.05%VOT, cheaper

VOT0.05%IMCG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

VOT 5th cheapest of 35 funds

IMCG 9th cheapest of 35 funds

IMCG vs VOT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMCG 0.67%, better; VOT 0.62%
Payout (12M): IMCG $0.62; VOT $1.78
Last payment: IMCG $0.19; VOT $0.39
Ex-dividend: IMCG Sep 15, 2026; VOT Sep 28, 2026
Paid on: IMCG Sep 18, 2026; VOT Sep 30, 2026
Frequency: IMCG Quarterly; VOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMCGQuarterly · 39 paymentsAll IMCG payments⁠

VOTQuarterly · 39 paymentsAll VOT payments⁠

IMCG vs VOT Risk

Fall from peak · 5 years

IMCG
VOT

Risk facts

VolatilityStd dev, 3 years: IMCG 16.6%, betterVOT 16.7%
Return per unit of riskSharpe ratio, 3 years: IMCG 0.97, betterVOT 0.75
Worst fallMax drawdown, 5 years: IMCG −35.1%, betterVOT −37.2%
Market sensitivityBeta, 5 years: IMCG 1.14VOT 1.16; Market = 1

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

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IMCG vs VOT

In short

Stated mandate

Why people hold it

Worth knowing

How IMCG and VOT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCG

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

The cheap large-cap growth pick is the S&P 500 list

How IMCG and VOT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMCG

Only in VOT

Weight gaps