ILCG vs. USXF

Last updated Jun 5, 2026

ILCG (iShares Morningstar Growth ETF) and USXF (iShares ESG Advanced MSCI USA ETF) are both Large Cap Growth Equities funds from iShares - ILCG tracks the Morningstar US Large-Mid Cap Broad Growth Index Gross while USXF tracks the MSCI USA Choice ESG Screened Index. Both are passively managed. Over the past 5 years, ILCG returned 14.94%/yr vs 15.49%/yr for USXF. Their correlation of 0.91 suggests significant overlap in exposure. ILCG charges 0.04%/yr vs 0.10%/yr for USXF.

Performance

ILCG vs. USXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Growth ETF (ILCG) and iShares ESG Advanced MSCI USA ETF (USXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILCG achieves a 14.41% return, which is significantly lower than USXF's 19.66% return.

ILCG

• 1D: -0.06%
• 1M: 6.73%
• YTD: 14.41%
• 6M: 14.04%
• 1Y: 28.93%
• 3Y*: 26.58%
• 5Y*: 14.94%
• 10Y*: 18.11%

USXF

• 1D: -0.91%
• 1M: 8.05%
• YTD: 19.66%
• 6M: 19.48%
• 1Y: 33.70%
• 3Y*: 27.18%
• 5Y*: 15.49%
• 10Y*: —

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

ILCG vs. USXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ILCG iShares Morningstar Growth ETF	14.41%	16.71%	32.82%	40.41%	-31.75%	24.33%	24.00%
USXF iShares ESG Advanced MSCI USA ETF	19.66%	16.97%	26.16%	31.65%	-21.20%	27.14%	24.04%

Correlation

The correlation between ILCG and USXF is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.91

The correlation between ILCG and USXF has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

ILCG vs. USXF - Sectors Allocation Comparison

Sectors	ILCG	USXF
Technology	49.8%	56.6%
Communication Services	14.5%	2.2%
Consumer Cyclical	10.6%	6.3%
Industrials	8.3%	7.7%
Financial Services	6.0%	14.3%
Healthcare	5.3%	4.6%
Consumer Defensive	1.6%	0.9%
Real Estate	1.4%	3.7%
Basic Materials	1.1%	2.2%
Utilities	0.8%	1.2%
Energy	0.5%	0.1%

Return for Risk

ILCG vs. USXF — Risk / Return Rank

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

ILCG

ILCG Risk / Return Rank: 47
ILCG Sharpe Ratio Rank: 53
ILCG Sortino Ratio Rank: 50
ILCG Omega Ratio Rank: 51
ILCG Calmar Ratio Rank: 38
ILCG Martin Ratio Rank: 42

USXF

USXF Risk / Return Rank: 65
USXF Sharpe Ratio Rank: 64
USXF Sortino Ratio Rank: 61
USXF Omega Ratio Rank: 61
USXF Calmar Ratio Rank: 68
USXF Martin Ratio Rank: 72

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. USXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) and iShares ESG Advanced MSCI USA ETF (USXF). 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	USXF	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.10	-0.32
Sortino ratio: Return per unit of downside risk	2.41	2.83	-0.43
Omega ratio: Gain probability vs. loss probability	1.31	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	1.86	3.32	-1.46
Martin ratio: Return relative to average drawdown	6.54	13.36	-6.82
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. USXF - Sharpe Ratio Comparison

The current ILCG Sharpe Ratio is 1.78, which is comparable to the USXF Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of ILCG and USXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ILCG	USXF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.10	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.80	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.02	-0.43

Drawdowns

ILCG vs. USXF - Drawdown Comparison

The maximum ILCG drawdown since its inception was -52.98%, which is greater than USXF's maximum drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for ILCG and USXF.

Drawdown Indicators

	ILCG	USXF	Difference
Max Drawdown Largest peak-to-trough decline	-52.98%	-29.54%	-23.44%
Max Drawdown (1Y) Largest decline over 1 year	-15.65%	-10.19%	-5.46%
Max Drawdown (3Y) Largest decline over 3 years	-23.10%	-20.93%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-35.38%	-29.54%	-5.84%
Max Drawdown (10Y) Largest decline over 10 years	-35.38%	—	—
Current Drawdown Current decline from peak	-1.08%	-1.42%	+0.34%
Average Drawdown Average peak-to-trough decline	-8.22%	-6.41%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.43%	2.53%	+1.90%

Volatility

ILCG vs. USXF - Volatility Comparison

The current volatility for iShares Morningstar Growth ETF (ILCG) is 4.39%, while iShares ESG Advanced MSCI USA ETF (USXF) has a volatility of 5.53%. This indicates that ILCG experiences smaller price fluctuations and is considered to be less risky than USXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCG	USXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	5.53%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	12.81%	12.86%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.30%	16.13%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	19.55%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	19.18%	+2.35%

ILCG vs. USXF - Expense Ratio Comparison

ILCG has a 0.04% expense ratio, which is lower than USXF's 0.10% 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

ILCG vs. USXF - Dividend Comparison

ILCG's dividend yield for the trailing twelve months is around 0.40%, less than USXF's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
USXF iShares ESG Advanced MSCI USA ETF	0.81%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ILCG and USXF in my portfolio?

With a correlation of 0.92, ILCG and USXF 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, ILCG or USXF?

USXF has higher volatility (5.53%) compared to ILCG (4.39%). In terms of maximum drawdown, ILCG dropped -52.98% vs USXF's -29.54%.

Which ETF is better, ILCG or USXF?

On 5-year performance, USXF leads with 15.49% vs 14.94% for ILCG. On fees, ILCG is cheaper at 0.04% per year. On volatility, ILCG has been the lower-risk option at 4.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCG or USXF?

Over the 5-year period, USXF has performed better with a 15.49% return vs 14.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCG or USXF?

ILCG is cheaper with a 0.04% expense ratio, compared with 0.10% for USXF.

Which ETF pays a higher dividend yield, ILCG or USXF?

USXF has the higher dividend yield at 0.81%, compared with 0.40% for ILCG.

What is the main difference between ILCG and USXF?

ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross, while USXF tracks MSCI USA Choice ESG Screened Index. Their fees differ too: 0.04% for ILCG and 0.10% for USXF.

Which has better risk-adjusted returns?

USXF currently has the higher Sharpe Ratio (2.10 vs 1.78), 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.