BELT vs. IUSG

Last updated Jun 5, 2026

BELT (iShares U.S. Select Equity Active ETF) and IUSG (iShares Core S&P U.S. Growth ETF) are both Large Cap Growth Equities funds from iShares. BELT is actively managed, while IUSG is passively managed. Over the past year, BELT returned 25.89% vs 33.47% for IUSG. Their correlation of 0.89 suggests significant overlap in exposure. BELT charges 0.75%/yr vs 0.04%/yr for IUSG.

Performance

BELT vs. IUSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Select Equity Active ETF (BELT) and iShares Core S&P U.S. Growth ETF (IUSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BELT achieves a 17.00% return, which is significantly higher than IUSG's 14.00% return.

BELT

• 1D: -0.30%
• 1M: 1.15%
• YTD: 17.00%
• 6M: 15.10%
• 1Y: 25.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IUSG

• 1D: -0.07%
• 1M: 6.40%
• YTD: 14.00%
• 6M: 13.31%
• 1Y: 33.47%
• 3Y*: 27.62%
• 5Y*: 15.67%
• 10Y*: 17.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BELT vs. IUSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BELT iShares U.S. Select Equity Active ETF	17.00%	12.42%	-1.97%
IUSG iShares Core S&P U.S. Growth ETF	14.00%	21.23%	8.77%

Correlation

The correlation between BELT and IUSG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 20, 2024	0.89

The correlation between BELT and IUSG has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

BELT vs. IUSG - Sectors Allocation Comparison

Sectors	BELT	IUSG
Technology	33.0%	48.0%
Industrials	27.3%	7.5%
Communication Services	14.7%	17.1%
Financial Services	12.9%	8.8%
Consumer Cyclical	10.9%	9.3%
Healthcare	0.4%	6.2%
Consumer Defensive	0.2%	1.0%
Energy	0.2%	0.2%
Utilities	0.1%	0.5%
Basic Materials	0.1%	0.5%
Real Estate	0.1%	0.9%

Return for Risk

BELT vs. IUSG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BELT

BELT Risk / Return Rank: 46
BELT Sharpe Ratio Rank: 45
BELT Sortino Ratio Rank: 45
BELT Omega Ratio Rank: 42
BELT Calmar Ratio Rank: 47
BELT Martin Ratio Rank: 53

IUSG

IUSG Risk / Return Rank: 61
IUSG Sharpe Ratio Rank: 65
IUSG Sortino Ratio Rank: 63
IUSG Omega Ratio Rank: 62
IUSG Calmar Ratio Rank: 53
IUSG Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BELT vs. IUSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) and iShares Core S&P U.S. Growth ETF (IUSG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BELT	IUSG	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.14	-0.61
Sortino ratio: Return per unit of downside risk	2.20	2.90	-0.70
Omega ratio: Gain probability vs. loss probability	1.27	1.37	-0.10
Calmar ratio: Return relative to maximum drawdown	2.27	2.57	-0.31
Martin ratio: Return relative to average drawdown	9.06	10.95	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BELT vs. IUSG - Sharpe Ratio Comparison

The current BELT Sharpe Ratio is 1.53, which is comparable to the IUSG Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of BELT and IUSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BELT	IUSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.14	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.38	+0.28

Drawdowns

BELT vs. IUSG - Drawdown Comparison

The maximum BELT drawdown since its inception was -23.05%, smaller than the maximum IUSG drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for BELT and IUSG.

Drawdown Indicators

	BELT	IUSG	Difference
Max Drawdown Largest peak-to-trough decline	-23.05%	-63.41%	+40.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	-13.07%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.35%	—
Current Drawdown Current decline from peak	-2.16%	-1.05%	-1.11%
Average Drawdown Average peak-to-trough decline	-3.51%	-21.44%	+17.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	3.06%	-0.20%

Volatility

BELT vs. IUSG - Volatility Comparison

iShares U.S. Select Equity Active ETF (BELT) has a higher volatility of 4.72% compared to iShares Core S&P U.S. Growth ETF (IUSG) at 4.22%. This indicates that BELT's price experiences larger fluctuations and is considered to be riskier than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BELT	IUSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.22%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	12.23%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	15.71%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	20.86%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	20.40%	+0.80%

BELT vs. IUSG - Expense Ratio Comparison

BELT has a 0.75% expense ratio, which is higher than IUSG's 0.04% expense ratio.

Dividends

BELT vs. IUSG - Dividend Comparison

BELT has not paid dividends to shareholders, while IUSG's dividend yield for the trailing twelve months is around 0.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BELT iShares U.S. Select Equity Active ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUSG iShares Core S&P U.S. Growth ETF	0.47%	0.53%	0.59%	1.12%	1.07%	0.59%	0.93%	1.64%	1.32%	1.28%	1.48%	1.29%

Frequently Asked Questions

Can I hold both BELT and IUSG in my portfolio?

BELT and IUSG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BELT or IUSG?

BELT has higher volatility (4.72%) compared to IUSG (4.22%). In terms of maximum drawdown, BELT dropped -23.05% vs IUSG's -63.41%.

Which ETF is better, BELT or IUSG?

On 1-year performance, IUSG leads with 33.47% vs 25.89% for BELT. On fees, IUSG is cheaper at 0.04% per year. On volatility, IUSG has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BELT or IUSG?

Over the 1-year period, IUSG has performed better with a 33.47% return vs 25.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BELT or IUSG?

IUSG is cheaper with a 0.04% expense ratio, compared with 0.75% for BELT.

Which ETF pays a higher dividend yield, BELT or IUSG?

IUSG has the higher dividend yield at 0.47%, compared with 0.00% for BELT.

What is the main difference between BELT and IUSG?

Their fees differ too: 0.75% for BELT and 0.04% for IUSG.

Which has better risk-adjusted returns?

IUSG currently has the higher Sharpe Ratio (2.14 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.