ISCG vs SPYG: Grades, Fees and Holdings Compared

iShares Morningstar Small-Cap Growth ETF

ISCGBNYSE Arca

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Overlap

0.1%by weight

Expense ratio

SPYG −0.02pt a year

ISCG0.06%SPYG0.04%

Avg volume · 30D

SPYG 91.5×the volume

ISCG24.9KSPYG2.28M

10Y return · a year

SPYG +6.3pt

ISCG+11.2%SPYG+17.5%

ISCG vs SPYG Performance

Oct 29, 2021 – Oct 30, 2026

+23.1%ISCG+73.4%SPYG

Expense ratio: ISCG 0.06%; SPYG 0.04%, better
Fund size: ISCG $961M; SPYG $55.5B
1Y total return: ISCG +11.4%, better; SPYG +8.3%
Yield (12M): ISCG 0.65%, better; SPYG 0.50%
Holdings: ISCG 918; SPYG 154
Avg volume (30D): ISCG 24.9K sh; SPYG 2.28M sh, better
NAV per share: ISCG $61.23; SPYG $119.59
52W range

ETF.net Grade

Pillar letters and Scores for ISCG, SPYG, with each pillar’s weight
Pillar	ISCG	SPYG
Cost30% weight	A78	A96Higher
Mission25% weight	A92	A98Higher
Risk15% weight	C46	B62Higher
Tradability15% weight	D30	A95Higher
Holdings10% weight	A84Higher	D38
Durability5% weight	C54	A79Higher

Rank among US Growth Index funds

How we build Categories ›

Same Category. ISCG and SPYG 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 ›

SPYG ranks 1st 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 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

ISCGBiShares Morningstar Small-Cap Growth ETF

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

In short

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.

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

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.

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

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.

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

Worth knowing

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%.

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

Full ISCG profile⁠

Full SPYG profile⁠

ISCG vs SPYG Holdings

How ISCG and SPYG differ

Overlap by weight

0.1%

Shared holdings make up 1.2% of ISCG and 0.1% of SPYG.

Level by level

Holdings4 in both0.1%
Sector11 Sectors59.1%
Asset classEquity100%
Countryby domicile99.5%

Sector

Sector weights in ISCG and SPYG, widest gap first
Sector	More in ISCGMore in SPYG	ISCG	SPYG
Technology	SPYG +29.1 points	23.8%	52.9%
Industrials	ISCG +16.9 points	22.5%	5.6%
Communication	SPYG +11.8 points	3.0%	14.8%
Health Care	ISCG +11.5 points	18.4%	6.8%
Real Estate	ISCG +4.5 points	5.1%	0.6%
Energy	ISCG +3.1 points	3.1%	0.0%
Materials	ISCG +2.6 points	2.9%	0.3%
Consumer Staples	ISCG +1.0 points	2.2%	1.2%
Utilities	ISCG +0.6 points	0.9%	0.3%
Consumer Discretionary	ISCG +0.6 points	8.9%	8.3%
Financials	ISCG +0.1 points	9.3%	9.2%

Country, concentration and asset class

Country by domicile

Country weights in ISCG and SPYG, widest gap first
Country	More in ISCGMore in SPYG	ISCG	SPYG
United States	SPYG +0.3 points	99.5%	99.8%
Brazil	ISCG +0.2 points	0.2%	0.0%
China	SPYG +0.1 points	0.0%	0.1%
Mexico	SPYG +0.1 points	0.0%	0.1%
Taiwan	ISCG +0.1 points	0.1%	0.0%
Singapore	ISCG +0.1 points	0.1%	0.0%
Israel	Same weight	0.0%	0.0%
Australia	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ISCG7.2%
SPYG58.9%

Securities held

ISCG916
SPYG152

Asset class

ISCG: Equity
SPYG: Equity

Holdings

Only in ISCG912
In both4
Only in SPYG148

Only in ISCG

912 securities, 98.7% 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%
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%
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%
Advanced Energy Industries0.30%
Brightspring Health Services Inc0.30%

Only in SPYG

148 securities, 99.9% of SPYG by weight

NVIDIA Corp14.44%
Microsoft Corp10.99%
Apple Inc7.11%
Alphabet Inc Class A4.65%
Broadcom Inc4.58%
Meta Platforms Inc Class A3.85%
Alphabet Inc Class C3.75%
Amazon.com Inc3.54%
Eli Lilly & Co3.07%
Micron Technology Inc2.95%
Berkshire Hathaway Inc Class B2.82%
Advanced Micro Devices2.58%
Tesla Inc1.97%
JPMorgan Chase & Co1.73%
Palantir Technologies Inc A1.26%
Johnson & Johnson1.09%
Visa Inc Class A Shares1.07%
Mastercard Inc A0.96%
Applied Materials Inc0.93%
Lam Research Corp0.89%
Caterpillar Inc0.83%
Rtx Corp0.75%
Crowdstrike Holdings Inc A0.74%
Netflix Inc0.72%
Ge Vernova Inc0.66%
AbbVie Inc0.66%
Cisco Systems Inc0.63%
Kla Corp0.61%
Amphenol Corp Class A0.57%
Sandisk Corp0.54%
Arista Networks Inc0.54%
Philip Morris International0.51%
Goldman Sachs Group Inc0.49%
Palo Alto Networks Inc0.48%
Amgen Inc0.47%
General Electric0.47%
Welltower Inc0.47%
Intuitive Surgical Inc0.44%
Coca Cola Co/The0.42%
Morgan Stanley0.38%
Uber Technologies Inc0.37%
Intl Business Machines Corp0.35%
Oracle Corp0.35%
Newmont Corp0.33%
American Express Co0.32%
Booking Holdings Inc0.32%
Gilead Sciences Inc0.31%
Seagate Technology Holdings0.28%
Quanta Services Inc0.27%
Vertiv Holdings Co A0.26%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in ISCG and SPYG, widest gap first
Holding	More in ISCGMore in SPYG	ISCG	SPYG
Ralph Lauren Class ARL	ISCG +0.44 points	0.48%	0.04%
InsuletPODD	ISCG +0.32 points	0.35%	0.03%
Allegion PLCALLE	ISCG +0.23 points	0.25%	0.02%
Norwegian Cruise Line HoldingsNCLH	ISCG +0.11 points	0.12%	0.01%

All 918 ISCG holdings⁠All 152 SPYG 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.

ISCG vs SPYG Cost

Overpaying ISCG vs SPYG

$421

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

ISCG 0.06%
$1,270
SPYG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

ISCG 0.06%
SPYG 0.04%
Overpaying

Year by year

Year	ISCG	SPYG	Overpaying
10	$110	$73	$37
20	$432	$288	$144
30	$1,270	$849	$421

Expense ratio

0.06%ISCG
0.04%SPYG, cheaper

SPYG0.04%ISCG0.06%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

ISCG 9th cheapest of 35 funds

ISCG vs SPYG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ISCG 0.65%, better; SPYG 0.50%
Payout (12M): ISCG $0.40; SPYG $0.59
Last payment: ISCG $0.12; SPYG $0.15
Ex-dividend: ISCG Sep 15, 2026; SPYG Sep 21, 2026
Paid on: ISCG Sep 18, 2026; SPYG Sep 23, 2026
Frequency: ISCG Quarterly; SPYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ISCGQuarterly · 38 paymentsAll ISCG payments⁠

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

ISCG vs SPYG Risk

Fall from peak · 5 years

ISCG
SPYG

Risk facts

VolatilityStd dev, 3 years: ISCG 17.6%SPYG 16.5%, better
Return per unit of riskSharpe ratio, 3 years: ISCG 0.88SPYG 1.28, better
Worst fallMax drawdown, 5 years: ISCG −37.8%SPYG −32.7%, better
Market sensitivityBeta, 5 years: ISCG 1.14SPYG 1.17; Market = 1

ISCG and SPYG in the news

All news⁠

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

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ISCG vs SPYG

In short

Stated mandate

Why people hold it

Worth knowing

How ISCG and SPYG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISCG

Only in SPYG

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 ISCG and SPYG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ISCG

Only in SPYG

Weight gaps