GSGO vs. ILCB

Last updated Jun 6, 2026

GSGO (Goldman Sachs Growth Opportunities ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds. GSGO is actively managed, while ILCB is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. GSGO charges 0.45%/yr vs 0.03%/yr for ILCB.

Performance

GSGO vs. ILCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Growth Opportunities ETF (GSGO) and iShares Morningstar U.S. Equity ETF (ILCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with GSGO having a 8.99% return and ILCB slightly lower at 8.69%.

GSGO

• 1D: -3.46%
• 1M: 2.75%
• YTD: 8.99%
• 6M: 7.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCB

• 1D: -2.58%
• 1M: 0.71%
• YTD: 8.69%
• 6M: 8.39%
• 1Y: 25.87%
• 3Y*: 21.72%
• 5Y*: 12.95%
• 10Y*: 14.67%

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

GSGO vs. ILCB - Yearly Performance Comparison

	2026 (YTD)	2025
GSGO Goldman Sachs Growth Opportunities ETF	8.99%	1.36%
ILCB iShares Morningstar U.S. Equity ETF	8.69%	2.73%

Correlation

The correlation between GSGO and ILCB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.94

Return for Risk

GSGO vs. ILCB — Risk / Return Rank

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

ILCB

ILCB Risk / Return Rank: 66
ILCB Sharpe Ratio Rank: 67
ILCB Sortino Ratio Rank: 65
ILCB Omega Ratio Rank: 67
ILCB Calmar Ratio Rank: 60
ILCB Martin Ratio Rank: 72

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.

GSGO vs. ILCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Growth Opportunities ETF (GSGO) and iShares Morningstar U.S. Equity ETF (ILCB). 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

	GSGO	ILCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.63	+0.47

Drawdowns

GSGO vs. ILCB - Drawdown Comparison

The maximum GSGO drawdown since its inception was -13.88%, smaller than the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for GSGO and ILCB.

Drawdown Indicators

	GSGO	ILCB	Difference
Max Drawdown Largest peak-to-trough decline	-13.88%	-51.53%	+37.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.30%	—
Current Drawdown Current decline from peak	-3.79%	-2.85%	-0.94%
Average Drawdown Average peak-to-trough decline	-2.94%	-6.23%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.98%	—

Volatility

Volatility by Period

	GSGO	ILCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	12.30%	+6.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.46%	17.16%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.46%	18.17%	+0.29%

GSGO vs. ILCB - Expense Ratio Comparison

GSGO has a 0.45% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

GSGO vs. ILCB - Dividend Comparison

GSGO has not paid dividends to shareholders, while ILCB's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSGO Goldman Sachs Growth Opportunities 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%
ILCB iShares Morningstar U.S. Equity ETF	0.99%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%

Frequently Asked Questions

Can I hold both GSGO and ILCB in my portfolio?

With a correlation of 0.94, GSGO and ILCB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GSGO or ILCB?

On fees, ILCB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GSGO or ILCB?

ILCB is cheaper with a 0.03% expense ratio, compared with 0.45% for GSGO.

Which ETF pays a higher dividend yield, GSGO or ILCB?

ILCB has the higher dividend yield at 0.99%, compared with 0.00% for GSGO.

What is the main difference between GSGO and ILCB?

They also come from different issuers: Goldman Sachs and iShares. Their fees differ too: 0.45% for GSGO and 0.03% for ILCB.