ILCG vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Morningstar Growth ETF (ILCG) and S&P 500 Index (^GSPC).

ILCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Large-Mid Cap Broad Growth Index Gross. It was launched on Jun 28, 2004.

Performance

ILCG vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Growth ETF (ILCG) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

ILCG vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCG iShares Morningstar Growth ETF	-6.96%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	33.22%	2.06%	30.57%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ILCG achieves a -6.96% return, which is significantly lower than ^GSPC's -3.95% return. Over the past 10 years, ILCG has outperformed ^GSPC with an annualized return of 15.74%, while ^GSPC has yielded a comparatively lower 12.24% annualized return.

ILCG

• 1D: 1.29%
• 1M: -4.51%
• YTD: -6.96%
• 6M: -7.37%
• 1Y: 18.83%
• 3Y*: 21.12%
• 5Y*: 11.16%
• 10Y*: 15.74%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

ILCG vs. ^GSPC — Risk / Return Rank

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

ILCG

ILCG Risk / Return Rank: 45
ILCG Sharpe Ratio Rank: 43
ILCG Sortino Ratio Rank: 47
ILCG Omega Ratio Rank: 46
ILCG Calmar Ratio Rank: 47
ILCG Martin Ratio Rank: 45

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

ILCG vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) and S&P 500 Index (^GSPC). 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.

	ILCG	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.92	-0.08
Sortino ratio Return per unit of downside risk	1.33	1.41	-0.08
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.03
Calmar ratio Return relative to maximum drawdown	1.28	1.41	-0.14
Martin ratio Return relative to average drawdown	4.41	6.61	-2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILCG vs. ^GSPC - Sharpe Ratio Comparison

The current ILCG Sharpe Ratio is 0.83, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of ILCG and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ILCG	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.92	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.61	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.68	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.46	+0.08

Correlation

The correlation between ILCG and ^GSPC is 0.92, 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.

Drawdowns

ILCG vs. ^GSPC - Drawdown Comparison

The maximum ILCG drawdown since its inception was -52.98%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ILCG and ^GSPC.

Drawdown Indicators

	ILCG	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-52.98%	-56.78%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-15.65%	-12.14%	-3.51%
Max Drawdown (5Y) Largest decline over 5 years	-35.38%	-25.43%	-9.95%
Max Drawdown (10Y) Largest decline over 10 years	-35.38%	-33.92%	-1.46%
Current Drawdown Current decline from peak	-11.02%	-5.78%	-5.24%
Average Drawdown Average peak-to-trough decline	-8.27%	-10.75%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.60%	+1.93%

Volatility

ILCG vs. ^GSPC - Volatility Comparison

iShares Morningstar Growth ETF (ILCG) has a higher volatility of 7.64% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that ILCG's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCG	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.64%	5.37%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	9.55%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	22.67%	18.33%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	16.90%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	18.05%	+3.41%