ILCG vs. VOO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Morningstar Growth ETF (ILCG) and Vanguard S&P 500 ETF (VOO).

ILCG and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both ILCG and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ILCG vs. VOO - Performance Comparison

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

ILCG vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCG iShares Morningstar Growth ETF	-8.14%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	33.22%	2.06%	30.57%
VOO Vanguard S&P 500 ETF	-4.42%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Returns By Period

In the year-to-date period, ILCG achieves a -8.14% return, which is significantly lower than VOO's -4.42% return. Over the past 10 years, ILCG has outperformed VOO with an annualized return of 15.59%, while VOO has yielded a comparatively lower 14.05% annualized return.

ILCG

• 1D: 4.14%
• 1M: -5.39%
• YTD: -8.14%
• 6M: -8.23%
• 1Y: 18.46%
• 3Y*: 20.60%
• 5Y*: 10.88%
• 10Y*: 15.59%

VOO

• 1D: 2.86%
• 1M: -5.01%
• YTD: -4.42%
• 6M: -1.84%
• 1Y: 17.67%
• 3Y*: 18.27%
• 5Y*: 11.75%
• 10Y*: 14.05%

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

ILCG vs. VOO - Expense Ratio Comparison

ILCG has a 0.04% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ILCG

iShares Morningstar Growth ETF

VOO

Vanguard S&P 500 ETF

Return for Risk

ILCG vs. VOO — Risk / Return Rank

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

ILCG

ILCG Risk / Return Rank: 49
ILCG Sharpe Ratio Rank: 48
ILCG Sortino Ratio Rank: 51
ILCG Omega Ratio Rank: 51
ILCG Calmar Ratio Rank: 49
ILCG Martin Ratio Rank: 45

VOO

VOO Risk / Return Rank: 65
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 62
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 65
VOO Martin Ratio Rank: 75

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.98	-0.16
Sortino ratio Return per unit of downside risk	1.31	1.50	-0.19
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio Return relative to maximum drawdown	1.17	1.53	-0.37
Martin ratio Return relative to average drawdown	4.08	7.29	-3.21
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. VOO - Sharpe Ratio Comparison

The current ILCG Sharpe Ratio is 0.82, which is comparable to the VOO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ILCG and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.98	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.70	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.78	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.83	-0.29

Correlation

The correlation between ILCG and VOO 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.

Dividends

ILCG vs. VOO - Dividend Comparison

ILCG's dividend yield for the trailing twelve months is around 0.50%, less than VOO's 1.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VOO Vanguard S&P 500 ETF	1.19%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Drawdowns

ILCG vs. VOO - Drawdown Comparison

The maximum ILCG drawdown since its inception was -52.98%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ILCG and VOO.

Drawdown Indicators

	ILCG	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-52.98%	-33.99%	-18.99%
Max Drawdown (1Y) Largest decline over 1 year	-15.65%	-11.98%	-3.67%
Max Drawdown (5Y) Largest decline over 5 years	-35.38%	-24.52%	-10.86%
Max Drawdown (10Y) Largest decline over 10 years	-35.38%	-33.99%	-1.39%
Current Drawdown Current decline from peak	-12.15%	-6.29%	-5.86%
Average Drawdown Average peak-to-trough decline	-8.27%	-3.72%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	2.52%	+1.96%

Volatility

ILCG vs. VOO - Volatility Comparison

iShares Morningstar Growth ETF (ILCG) has a higher volatility of 7.55% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that ILCG's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCG	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.55%	5.29%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	9.44%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	22.64%	18.10%	+4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.98%	16.82%	+5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.47%	17.99%	+3.48%