ILCG vs. VOO

Last updated Jun 10, 2026

ILCG (iShares Morningstar Growth ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ILCG returned 17.76%/yr vs 15.32%/yr for VOO. Their correlation of 0.92 suggests significant overlap in exposure. ILCG charges 0.04%/yr vs 0.03%/yr for VOO.

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.

Returns By Period

In the year-to-date period, ILCG achieves a 9.80% return, which is significantly higher than VOO's 8.40% return. Over the past 10 years, ILCG has outperformed VOO with an annualized return of 17.76%, while VOO has yielded a comparatively lower 15.32% annualized return.

ILCG

• 1D: -0.61%
• 1M: -0.60%
• YTD: 9.80%
• 6M: 9.22%
• 1Y: 23.18%
• 3Y*: 24.83%
• 5Y*: 13.63%
• 10Y*: 17.76%

VOO

• 1D: -0.29%
• 1M: -0.05%
• YTD: 8.40%
• 6M: 8.54%
• 1Y: 24.41%
• 3Y*: 21.33%
• 5Y*: 13.32%
• 10Y*: 15.32%

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

ILCG vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCG iShares Morningstar Growth ETF	9.80%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	33.22%	2.06%	30.57%
VOO Vanguard S&P 500 ETF	8.40%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between ILCG and VOO is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.92

The correlation between ILCG and VOO has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

ILCG vs. VOO - Sectors Allocation Comparison

Sectors	ILCG	VOO
Technology	49.8%	35.7%
Communication Services	14.5%	11.3%
Consumer Cyclical	10.6%	10.2%
Industrials	8.3%	8.3%
Financial Services	6.0%	11.6%
Healthcare	5.3%	8.5%
Consumer Defensive	1.6%	4.9%
Real Estate	1.4%	1.9%
Basic Materials	1.1%	1.8%
Utilities	0.8%	2.4%
Energy	0.5%	3.5%

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: 40
ILCG Sharpe Ratio Rank: 44
ILCG Sortino Ratio Rank: 41
ILCG Omega Ratio Rank: 43
ILCG Calmar Ratio Rank: 34
ILCG Martin Ratio Rank: 37

VOO

VOO Risk / Return Rank: 69
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 68
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 62
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	1.38	2.03	-0.65
Sortino ratio: Return per unit of downside risk	1.88	2.75	-0.87
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	1.49	2.76	-1.27
Martin ratio: Return relative to average drawdown	5.20	12.66	-7.45
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 1.38, which is lower than the VOO Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of ILCG and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.03	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.79	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.85	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.87	-0.30

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%	-8.90%	-6.75%
Max Drawdown (3Y) Largest decline over 3 years	-23.10%	-18.69%	-4.41%
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	-5.07%	-2.94%	-2.13%
Average Drawdown Average peak-to-trough decline	-8.22%	-3.69%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	1.93%	+2.53%

Volatility

ILCG vs. VOO - Volatility Comparison

iShares Morningstar Growth ETF (ILCG) has a higher volatility of 5.95% compared to Vanguard S&P 500 ETF (VOO) at 3.65%. 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	5.95%	3.65%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	9.31%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.83%	12.06%	+4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.08%	16.85%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	18.03%	+3.54%

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%.

Dividends

ILCG vs. VOO - Dividend Comparison

ILCG's dividend yield for the trailing twelve months is around 0.42%, less than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCG iShares Morningstar Growth ETF	0.42%	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	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both ILCG and VOO in my portfolio?

With a correlation of 0.93, ILCG and VOO 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 VOO?

ILCG has higher volatility (5.95%) compared to VOO (3.65%). In terms of maximum drawdown, ILCG dropped -52.98% vs VOO's -33.99%.

Which ETF is better, ILCG or VOO?

On 10-year performance, ILCG leads with 17.76% vs 15.32% for VOO. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCG or VOO?

Over the 10-year period, ILCG has performed better with a 17.76% return vs 15.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCG or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.04% for ILCG.

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

VOO has the higher dividend yield at 1.05%, compared with 0.42% for ILCG.

What is the main difference between ILCG and VOO?

ILCG is categorized as Large Cap Growth Equities, while VOO is S&P 500. ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.04% for ILCG and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.03 vs 1.38), 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.