PortfoliosLab logoPortfoliosLab logo

Documentation

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

ILCG vs. IYW

Last updated Jun 4, 2026

ILCG (iShares Morningstar Growth ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - ILCG is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Broad Growth Index Gross, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, ILCG returned 18.15%/yr vs 26.11%/yr for IYW. Their correlation of 0.92 suggests significant overlap in exposure. ILCG charges 0.04%/yr vs 0.38%/yr for IYW.

Performance

ILCG vs. IYW - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, ILCG achieves a 14.48% return, which is significantly lower than IYW's 29.03% return. Over the past 10 years, ILCG has underperformed IYW with an annualized return of 18.15%, while IYW has yielded a comparatively higher 26.11% annualized return.

ILCG

1D
-1.02%
1M
7.68%
YTD
14.48%
6M
14.61%
1Y
29.51%
3Y*
26.55%
5Y*
14.95%
10Y*
18.15%

IYW

1D
-0.92%
1M
16.53%
YTD
29.03%
6M
28.22%
1Y
59.52%
3Y*
35.24%
5Y*
22.87%
10Y*
26.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ILCG vs. IYW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ILCG
iShares Morningstar Growth ETF		14.48%16.71%32.82%40.41%-31.75%24.33%38.56%33.22%2.06%30.57%
IYW
iShares U.S. Technology ETF		29.03%25.38%30.25%65.44%-34.83%35.44%47.45%46.64%-0.93%36.60%

Correlation

The correlation between ILCG and IYW is 0.95, 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

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.95

Correlation (All Time)
Calculated using the full available price history since Jul 6, 2004

0.92

The correlation between ILCG and IYW has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

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

iShares U.S. Technology ETF

Often compared with ILCG:
ILCG vs. SCHGILCG vs. IUSGILCG vs. VUGILCG vs. QQQILCG vs. ILCBILCG vs. VOOILCG vs. MGK
Often compared with IYW:
IYW vs. VGTIYW vs. QQQIYW vs. XLKIYW vs. IGMIYW vs. SMHIYW vs. IWFIYW vs. SOXX

Return for Risk

ILCG vs. IYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ILCG
ILCG Risk / Return Rank: 4646
Overall Rank
ILCG Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ILCG Sortino Ratio Rank: 4949
Sortino Ratio Rank
ILCG Omega Ratio Rank: 5050
Omega Ratio Rank
ILCG Calmar Ratio Rank: 3838
Calmar Ratio Rank
ILCG Martin Ratio Rank: 4141
Martin Ratio Rank
IYW
IYW Risk / Return Rank: 7575
Overall Rank
IYW Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 8181
Sortino Ratio Rank
IYW Omega Ratio Rank: 8080
Omega Ratio Rank
IYW Calmar Ratio Rank: 6666
Calmar Ratio Rank
IYW Martin Ratio Rank: 6060
Martin Ratio Rank
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. IYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) and iShares U.S. Technology ETF (IYW). 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.

ILCGIYWDifference
Sharpe ratioReturn per unit of total volatility
1.82
2.98

-1.16

Sortino ratioReturn per unit of downside risk
2.45
3.70

-1.25

Omega ratioGain probability vs. loss probability

1.32

1.48

-0.17

Calmar ratioReturn relative to maximum drawdown

1.89

3.36

-1.46

Martin ratioReturn relative to average drawdown

6.68

11.00

-4.32

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. IYW - Sharpe Ratio Comparison

The current ILCG Sharpe Ratio is 1.82, which is lower than the IYW Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of ILCG and IYW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ILCGIYWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.82

2.98

-1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.89

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

1.04

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.35

+0.23

Drawdowns

ILCG vs. IYW - Drawdown Comparison

The maximum ILCG drawdown since its inception was -52.98%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for ILCG and IYW.

Loading charts...

Drawdown Indicators

ILCGIYWDifference

Max Drawdown

Largest peak-to-trough decline

-52.98%

-81.90%

+28.92%

Max Drawdown (1Y)

Largest decline over 1 year

-15.65%

-17.81%

+2.16%

Max Drawdown (3Y)

Largest decline over 3 years

-23.10%

-26.47%

+3.37%

Max Drawdown (5Y)

Largest decline over 5 years

-35.38%

-39.44%

+4.06%

Max Drawdown (10Y)

Largest decline over 10 years

-35.38%

-39.44%

+4.06%

Current Drawdown

Current decline from peak

-1.02%

-0.92%

-0.10%

Average Drawdown

Average peak-to-trough decline

-8.22%

-34.66%

+26.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.43%

5.43%

-1.00%

Volatility

ILCG vs. IYW - Volatility Comparison

The current volatility for iShares Morningstar Growth ETF (ILCG) is 4.40%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.30%. This indicates that ILCG experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ILCGIYWDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

6.30%

-1.90%

Volatility (6M)

Calculated over the trailing 6-month period

12.81%

15.85%

-3.04%

Volatility (1Y)

Calculated over the trailing 1-year period

16.31%

20.09%

-3.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.00%

25.87%

-3.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.53%

25.09%

-3.56%

ILCG vs. IYW - Expense Ratio Comparison

ILCG has a 0.04% expense ratio, which is lower than IYW's 0.38% expense ratio.

Dividends

ILCG vs. IYW - Dividend Comparison

ILCG's dividend yield for the trailing twelve months is around 0.40%, more than IYW's 0.11% yield.

PositionTTM20252024202320222021202020192018201720162015
ILCG
iShares Morningstar Growth ETF		0.40%0.47%0.50%0.69%0.75%0.34%0.28%0.54%0.81%0.89%0.95%0.99%
IYW
iShares U.S. Technology ETF		0.11%0.14%0.21%0.34%0.50%0.31%0.56%0.72%0.92%0.82%1.14%1.12%

Frequently Asked Questions

With a correlation of 0.95, ILCG and IYW 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.

IYW has higher volatility (6.30%) compared to ILCG (4.40%). In terms of maximum drawdown, ILCG dropped -52.98% vs IYW's -81.90%.

On 10-year performance, IYW leads with 26.11% vs 18.15% for ILCG. On fees, ILCG is cheaper at 0.04% per year. On volatility, ILCG has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IYW has performed better with a 26.11% return vs 18.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCG is cheaper with a 0.04% expense ratio, compared with 0.38% for IYW.

ILCG has the higher dividend yield at 0.40%, compared with 0.11% for IYW.

ILCG is categorized as Large Cap Growth Equities, while IYW is Technology Equities. ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. Their fees differ too: 0.04% for ILCG and 0.38% for IYW.

IYW currently has the higher Sharpe Ratio (2.98 vs 1.82), 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.

Portfolio Optimizer

Find the right allocation for ILCG and IYW

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer