ILCB vs. MERDX
Compare and contrast key facts about iShares Morningstar U.S. Equity ETF (ILCB) and Meridian Growth Fund (MERDX).
ILCB is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Index. It was launched on Jun 28, 2004. MERDX is managed by Meridian. It was launched on Aug 1, 1984.
Performance
ILCB vs. MERDX - Performance Comparison
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ILCB vs. MERDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | -4.57% | 17.70% | 24.96% | 26.91% | -19.48% | 24.07% | 19.40% | 32.68% | -8.51% | 22.09% |
MERDX Meridian Growth Fund | -10.55% | -6.25% | 6.42% | 15.29% | -29.13% | 15.58% | 24.93% | 27.67% | -7.30% | 25.64% |
Returns By Period
In the year-to-date period, ILCB achieves a -4.57% return, which is significantly higher than MERDX's -10.55% return. Over the past 10 years, ILCB has outperformed MERDX with an annualized return of 13.49%, while MERDX has yielded a comparatively lower 5.88% annualized return.
ILCB
- 1D
- 2.92%
- 1M
- -4.96%
- YTD
- -4.57%
- 6M
- -2.23%
- 1Y
- 17.62%
- 3Y*
- 18.30%
- 5Y*
- 11.15%
- 10Y*
- 13.49%
MERDX
- 1D
- -1.13%
- 1M
- -9.36%
- YTD
- -10.55%
- 6M
- -10.85%
- 1Y
- -8.85%
- 3Y*
- -2.55%
- 5Y*
- -5.02%
- 10Y*
- 5.88%
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ILCB vs. MERDX - Expense Ratio Comparison
ILCB has a 0.03% expense ratio, which is lower than MERDX's 0.85% expense ratio.
Return for Risk
ILCB vs. MERDX — Risk / Return Rank
ILCB
MERDX
ILCB vs. MERDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and Meridian Growth Fund (MERDX). 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.
| ILCB | MERDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | -0.48 | +1.44 |
Sortino ratioReturn per unit of downside risk | 1.47 | -0.56 | +2.03 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.93 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.48 | +2.00 |
Martin ratioReturn relative to average drawdown | 7.11 | -1.37 | +8.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ILCB | MERDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | -0.48 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | -0.24 | +0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.28 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.43 | +0.16 |
Correlation
The correlation between ILCB and MERDX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ILCB vs. MERDX - Dividend Comparison
ILCB's dividend yield for the trailing twelve months is around 1.13%, less than MERDX's 10.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILCB iShares Morningstar U.S. Equity ETF | 1.13% | 1.11% | 1.19% | 1.43% | 1.65% | 1.16% | 1.26% | 2.25% | 2.17% | 1.81% | 1.97% | 2.44% |
MERDX Meridian Growth Fund | 10.09% | 9.03% | 0.24% | 0.00% | 13.80% | 15.49% | 0.88% | 9.15% | 16.44% | 7.07% | 0.57% | 12.17% |
Drawdowns
ILCB vs. MERDX - Drawdown Comparison
The maximum ILCB drawdown since its inception was -51.53%, which is greater than MERDX's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for ILCB and MERDX.
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Drawdown Indicators
| ILCB | MERDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.53% | -48.45% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -14.50% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | -37.93% | +12.46% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -40.64% | +5.34% |
Current DrawdownCurrent decline from peak | -6.44% | -32.68% | +26.24% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -10.22% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 5.67% | -3.10% |
Volatility
ILCB vs. MERDX - Volatility Comparison
The current volatility for iShares Morningstar U.S. Equity ETF (ILCB) is 5.34%, while Meridian Growth Fund (MERDX) has a volatility of 5.71%. This indicates that ILCB experiences smaller price fluctuations and is considered to be less risky than MERDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILCB | MERDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.71% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 12.04% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 23.35% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 21.37% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 21.27% | -3.13% |