ILCB vs. VOO

Last updated Jun 23, 2026

ILCB (iShares Morningstar U.S. Equity ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ILCB returned 15.13%/yr vs 15.77%/yr for VOO. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.03% expense ratio.

Performance

ILCB vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and Vanguard S&P 500 ETF (VOO). 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 ILCB having a 10.02% return and VOO slightly lower at 9.75%. Both investments have delivered pretty close results over the past 10 years, with ILCB having a 15.13% annualized return and VOO not far ahead at 15.77%.

ILCB

• 1D: -0.40%
• 1M: 0.36%
• YTD: 10.02%
• 6M: 9.47%
• 1Y: 26.73%
• 3Y*: 21.60%
• 5Y*: 13.05%
• 10Y*: 15.13%

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

ILCB vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCB iShares Morningstar U.S. Equity ETF	10.02%	17.70%	24.96%	26.91%	-19.48%	24.07%	19.40%	32.68%	-8.51%	22.09%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between ILCB and VOO is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.97

The correlation between ILCB and VOO has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

ILCB vs. VOO - Sectors Allocation Comparison

Sectors	ILCB	VOO
Technology	38.9%	39.1%
Financial Services	11.4%	10.9%
Communication Services	9.9%	10.5%
Consumer Cyclical	9.3%	9.8%
Industrials	8.4%	7.6%
Healthcare	8.4%	8.3%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.2%
Utilities	2.6%	2.5%
Basic Materials	1.8%	1.7%
Real Estate	1.7%	1.8%

Return for Risk

ILCB vs. VOO — Risk / Return Rank

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

ILCB

ILCB Risk / Return Rank: 67
ILCB Sharpe Ratio Rank: 68
ILCB Sortino Ratio Rank: 65
ILCB Omega Ratio Rank: 67
ILCB Calmar Ratio Rank: 61
ILCB Martin Ratio Rank: 72

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

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.

ILCB vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and Vanguard S&P 500 ETF (VOO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ILCB	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.17	-0.04
Sortino ratio: Return per unit of downside risk	2.89	2.93	-0.04
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.01
Calmar ratio: Return relative to maximum drawdown	2.95	3.02	-0.07
Martin ratio: Return relative to average drawdown	13.14	13.58	-0.44

ILCB vs. VOO - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 2.13, which is comparable to the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ILCB and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ILCB vs. VOO - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ILCB and VOO.

Drawdown Indicators

	ILCB	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-51.53%	-33.99%	-17.54%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-8.90%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-18.69%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	-24.52%	-0.95%
Max Drawdown (10Y) Largest decline over 10 years	-35.30%	-33.99%	-1.31%
Current Drawdown Current decline from peak	-1.66%	-1.74%	+0.08%
Average Drawdown Average peak-to-trough decline	-6.23%	-3.68%	-2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.98%	+0.06%

Volatility

ILCB vs. VOO - Volatility Comparison

iShares Morningstar U.S. Equity ETF (ILCB) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.62% and 4.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCB	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	4.60%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	9.73%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	12.39%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	16.90%	+0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	18.05%	+0.16%

ILCB vs. VOO - Expense Ratio Comparison

Both ILCB and VOO have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ILCB vs. VOO - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 0.98%, less than VOO's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCB iShares Morningstar U.S. Equity ETF	0.98%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both ILCB and VOO in my portfolio?

With a correlation of 1.00, ILCB and VOO 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 is riskier, ILCB or VOO?

ILCB has higher volatility (4.62%) compared to VOO (4.60%). In terms of maximum drawdown, ILCB dropped -51.53% vs VOO's -33.99%.

Which ETF is better, ILCB or VOO?

On 10-year performance, VOO leads with 15.77% vs 15.13% for ILCB. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCB or VOO?

Over the 10-year period, VOO has performed better with a 15.77% return vs 15.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCB or VOO?

ILCB and VOO have the same expense ratio: 0.03% per year.

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

VOO has the higher dividend yield at 1.04%, compared with 0.98% for ILCB.

What is the main difference between ILCB and VOO?

ILCB is categorized as Large Cap Growth Equities, while VOO is S&P 500. ILCB tracks Morningstar US Large-Mid Cap Index, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs 2.13), 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.