ILCB vs. XLG

Last updated Jun 24, 2026

ILCB (iShares Morningstar U.S. Equity ETF) and XLG (Invesco S&P 500 Top 50 ETF) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. Both are passively managed. Over the past 10 years, ILCB returned 14.97%/yr vs 16.94%/yr for XLG. Their correlation of 0.93 suggests significant overlap in exposure. ILCB charges 0.03%/yr vs 0.20%/yr for XLG.

Performance

ILCB vs. XLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and Invesco S&P 500 Top 50 ETF (XLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILCB achieves a 8.52% return, which is significantly higher than XLG's 1.60% return. Over the past 10 years, ILCB has underperformed XLG with an annualized return of 14.97%, while XLG has yielded a comparatively higher 16.94% annualized return.

ILCB

• 1D: -1.36%
• 1M: -1.01%
• YTD: 8.52%
• 6M: 7.55%
• 1Y: 23.81%
• 3Y*: 21.04%
• 5Y*: 12.58%
• 10Y*: 14.97%

XLG

• 1D: -1.88%
• 1M: -5.41%
• YTD: 1.60%
• 6M: 0.73%
• 1Y: 19.95%
• 3Y*: 21.35%
• 5Y*: 14.28%
• 10Y*: 16.94%

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

ILCB vs. XLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCB iShares Morningstar U.S. Equity ETF	8.52%	17.70%	24.96%	26.91%	-19.48%	24.07%	19.40%	32.68%	-8.51%	22.09%
XLG Invesco S&P 500 Top 50 ETF	1.60%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%

Correlation

The correlation between ILCB and XLG is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 10, 2005	0.93

The correlation between ILCB and XLG has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

ILCB vs. XLG - Sectors Allocation Comparison

Sectors	ILCB	XLG
Technology	38.9%	46.8%
Financial Services	11.4%	9.0%
Communication Services	9.9%	16.0%
Consumer Cyclical	9.3%	11.2%
Industrials	8.4%	1.9%
Healthcare	8.4%	7.0%
Consumer Defensive	4.5%	5.2%
Energy	3.1%	2.4%
Utilities	2.6%	-
Basic Materials	1.8%	0.6%
Real Estate	1.7%	-

Return for Risk

ILCB vs. XLG — Risk / Return Rank

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

ILCB

ILCB Risk / Return Rank: 60
ILCB Sharpe Ratio Rank: 60
ILCB Sortino Ratio Rank: 57
ILCB Omega Ratio Rank: 59
ILCB Calmar Ratio Rank: 57
ILCB Martin Ratio Rank: 67

XLG

XLG Risk / Return Rank: 39
XLG Sharpe Ratio Rank: 42
XLG Sortino Ratio Rank: 40
XLG Omega Ratio Rank: 41
XLG Calmar Ratio Rank: 33
XLG Martin Ratio Rank: 38

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. XLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and Invesco S&P 500 Top 50 ETF (XLG). 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	XLG	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.44	+0.46
Sortino ratio: Return per unit of downside risk	2.59	1.98	+0.61
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.08
Calmar ratio: Return relative to maximum drawdown	2.63	1.61	+1.02
Martin ratio: Return relative to average drawdown	11.66	5.77	+5.89

ILCB vs. XLG - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 1.89, which is higher than the XLG Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of ILCB and XLG, 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. XLG - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, roughly equal to the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for ILCB and XLG.

Drawdown Indicators

	ILCB	XLG	Difference
Max Drawdown Largest peak-to-trough decline	-51.53%	-52.39%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-12.41%	+3.32%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-20.70%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	-28.02%	+2.55%
Max Drawdown (10Y) Largest decline over 10 years	-35.30%	-30.46%	-4.84%
Current Drawdown Current decline from peak	-3.00%	-6.91%	+3.91%
Average Drawdown Average peak-to-trough decline	-6.23%	-7.63%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	3.46%	-1.41%

Volatility

ILCB vs. XLG - Volatility Comparison

iShares Morningstar U.S. Equity ETF (ILCB) and Invesco S&P 500 Top 50 ETF (XLG) have volatilities of 4.82% and 5.04%, 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	XLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	5.04%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	10.74%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	13.98%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	18.79%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	18.88%	-0.68%

ILCB vs. XLG - Expense Ratio Comparison

ILCB has a 0.03% expense ratio, which is lower than XLG's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ILCB vs. XLG - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 1.00%, more than XLG's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCB iShares Morningstar U.S. Equity ETF	1.00%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both ILCB and XLG in my portfolio?

With a correlation of 0.93, ILCB and XLG 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 XLG?

XLG has higher volatility (5.04%) compared to ILCB (4.82%). In terms of maximum drawdown, ILCB dropped -51.53% vs XLG's -52.39%.

Which ETF is better, ILCB or XLG?

On 10-year performance, XLG leads with 16.94% vs 14.97% for ILCB. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCB or XLG?

Over the 10-year period, XLG has performed better with a 16.94% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCB or XLG?

ILCB is cheaper with a 0.03% expense ratio, compared with 0.20% for XLG.

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

ILCB has the higher dividend yield at 1.00%, compared with 0.66% for XLG.

What is the main difference between ILCB and XLG?

ILCB is categorized as Large Cap Growth Equities, while XLG is S&P 500. ILCB tracks Morningstar US Large-Mid Cap Index, while XLG tracks S&P 500 Top 50 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.03% for ILCB and 0.20% for XLG.

Which has better risk-adjusted returns?

ILCB currently has the higher Sharpe Ratio (1.89 vs 1.44), 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.