PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ILCG vs. GQGU
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ILCG vs. GQGU

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Morningstar Growth ETF (ILCG) and GQG US Equity ETF (GQGU).

ILCG and GQGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GQGU is an actively managed fund by GQG Partners. It was launched on Jul 14, 2025.

Performance

ILCG vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Growth ETF (ILCG) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

ILCG vs. GQGU - Yearly Performance Comparison

2026 (YTD)2025
ILCG
iShares Morningstar Growth ETF		-6.96%6.88%
GQGU
GQG US Equity ETF		9.61%-1.14%

Returns By Period

In the year-to-date period, ILCG achieves a -6.96% return, which is significantly lower than GQGU's 9.61% 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%

GQGU

1D
-0.22%
1M
-1.96%
YTD
9.61%
6M
7.66%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Morningstar Growth ETF

GQG US Equity ETF

Often compared with ILCG:
ILCG vs. SCHGILCG vs. IUSGILCG vs. VUGILCG vs. QQQILCG vs. ILCBILCG vs. VOOILCG vs. IWP
Often compared with GQGU:
GQGU vs. SCHGGQGU vs. QQQMGQGU vs. VUGGQGU vs. ACWIGQGU vs. BBUSGQGU vs. TOPTGQGU vs. BAMG

ILCG vs. GQGU - Expense Ratio Comparison

ILCG has a 0.04% expense ratio, which is lower than GQGU's 0.49% expense ratio.

GQGU
GQG US Equity ETF
ILCG
iShares Morningstar Growth ETF

Return for Risk

ILCG vs. GQGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ILCG
ILCG Risk / Return Rank: 4545
Overall Rank
ILCG Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ILCG Sortino Ratio Rank: 4747
Sortino Ratio Rank
ILCG Omega Ratio Rank: 4646
Omega Ratio Rank
ILCG Calmar Ratio Rank: 4747
Calmar Ratio Rank
ILCG Martin Ratio Rank: 4545
Martin Ratio Rank
GQGU
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. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) and GQG US Equity ETF (GQGU). 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.

ILCGGQGUDifference

Sharpe ratio

Return per unit of total volatility

0.83

—

—

Sortino ratio

Return per unit of downside risk

1.33

—

—

Omega ratio

Gain probability vs. loss probability

1.19

—

—

Calmar ratio

Return relative to maximum drawdown

1.28

—

—

Martin ratio

Return relative to average drawdown

4.41

—

—

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. GQGU - Sharpe Ratio Comparison

Loading graphics...

Sharpe Ratios by Period

ILCGGQGUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.83

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

1.25

-0.71

Correlation

The correlation between ILCG and GQGU is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ILCG vs. GQGU - Dividend Comparison

ILCG's dividend yield for the trailing twelve months is around 0.50%, less than GQGU's 0.93% yield.

TTM20252024202320222021202020192018201720162015
ILCG
iShares Morningstar Growth ETF		0.50%0.47%0.50%0.69%0.75%0.34%0.28%0.54%0.81%0.89%0.95%0.99%
GQGU
GQG US Equity ETF		0.93%1.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

ILCG vs. GQGU - Drawdown Comparison

The maximum ILCG drawdown since its inception was -52.98%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for ILCG and GQGU.

Loading graphics...

Drawdown Indicators

ILCGGQGUDifference

Max Drawdown

Largest peak-to-trough decline

-52.98%

-6.65%

-46.33%

Max Drawdown (1Y)

Largest decline over 1 year

-15.65%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-35.38%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.38%

—

—

Current Drawdown

Current decline from peak

-11.02%

-1.96%

-9.06%

Average Drawdown

Average peak-to-trough decline

-8.27%

-2.20%

-6.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.53%

—

—

Volatility

ILCG vs. GQGU - Volatility Comparison

Loading graphics...

Volatility by Period

ILCGGQGUDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.64%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.14%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

22.67%

9.55%

+13.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.98%

9.55%

+12.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.46%

9.55%

+11.91%