GRW vs. ILCG

Last updated Jun 3, 2026

GRW (TCW Durable Growth ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds. GRW is actively managed, while ILCG is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. GRW charges 0.75%/yr vs 0.04%/yr for ILCG.

Performance

GRW vs. ILCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Durable Growth ETF (GRW) and iShares Morningstar Growth ETF (ILCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GRW

• 1D: -0.13%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCG

• 1D: 0.13%
• 1M: 8.76%
• YTD: 15.66%
• 6M: 15.63%
• 1Y: 31.81%
• 3Y*: 26.98%
• 5Y*: 15.51%
• 10Y*: 18.27%

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

GRW vs. ILCG - Yearly Performance Comparison

	2026 (YTD)
GRW TCW Durable Growth ETF	1.61%
ILCG iShares Morningstar Growth ETF	1.67%

Correlation

The correlation between GRW and ILCG is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

GRW vs. ILCG - Sectors Allocation Comparison

Sectors	GRW	ILCG
Industrials	38.1%	8.3%
Technology	26.6%	49.8%
Financial Services	9.8%	6.0%
Communication Services	9.1%	14.5%
Consumer Cyclical	8.3%	10.6%
Healthcare	4.1%	5.3%
Basic Materials	4.0%	1.1%
Consumer Defensive	-	1.6%
Energy	-	0.5%
Real Estate	-	1.4%
Utilities	-	0.8%

Return for Risk

GRW vs. ILCG — Risk / Return Rank

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

ILCG

ILCG Risk / Return Rank: 51
ILCG Sharpe Ratio Rank: 57
ILCG Sortino Ratio Rank: 54
ILCG Omega Ratio Rank: 55
ILCG Calmar Ratio Rank: 42
ILCG Martin Ratio Rank: 45

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.

GRW vs. ILCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Durable Growth ETF (GRW) and iShares Morningstar Growth ETF (ILCG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GRW	ILCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	37.56	0.59	+36.97

Drawdowns

GRW vs. ILCG - Drawdown Comparison

The maximum GRW drawdown since its inception was -0.13%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for GRW and ILCG.

Drawdown Indicators

	GRW	ILCG	Difference
Max Drawdown Largest peak-to-trough decline	-0.13%	-52.98%	+52.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.38%	—
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.04%	-8.22%	+8.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.43%	—

Volatility

Volatility by Period

	GRW	ILCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.26%	16.28%	-7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.26%	22.00%	-12.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.26%	21.53%	-12.27%

GRW vs. ILCG - Expense Ratio Comparison

GRW has a 0.75% expense ratio, which is higher than ILCG's 0.04% expense ratio.

Dividends

GRW vs. ILCG - Dividend Comparison

GRW has not paid dividends to shareholders, while ILCG's dividend yield for the trailing twelve months is around 0.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRW TCW Durable Growth 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%
ILCG iShares Morningstar Growth ETF	0.40%	0.47%	0.50%	0.69%	0.75%	0.34%	0.28%	0.54%	0.81%	0.89%	0.95%	0.99%

Frequently Asked Questions

Can I hold both GRW and ILCG in my portfolio?

GRW and ILCG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRW or ILCG?

On fees, ILCG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRW or ILCG?

ILCG is cheaper with a 0.04% expense ratio, compared with 0.75% for GRW.

Which ETF pays a higher dividend yield, GRW or ILCG?

ILCG has the higher dividend yield at 0.40%, compared with 0.00% for GRW.

What is the main difference between GRW and ILCG?

They also come from different issuers: TCW and iShares. Their fees differ too: 0.75% for GRW and 0.04% for ILCG.