IMCG vs. VCR
IMCG (iShares Morningstar Mid-Cap Growth ETF) and VCR (Vanguard Consumer Discretionary ETF) are both exchange-traded funds - IMCG is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Broad Growth Index, while VCR is a Consumer Discretionary Equities fund tracking the MSCI US Investable Market Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, IMCG returned 14.48%/yr vs 13.76%/yr for VCR. Their correlation of 0.83 suggests significant overlap in exposure. IMCG charges 0.06%/yr vs 0.10%/yr for VCR.
Performance
IMCG vs. VCR - Performance Comparison
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Returns By Period
In the year-to-date period, IMCG achieves a 18.63% return, which is significantly higher than VCR's -0.09% return. Both investments have delivered pretty close results over the past 10 years, with IMCG having a 14.48% annualized return and VCR not far behind at 13.76%.
IMCG
- 1D
- 0.83%
- 1M
- 4.21%
- YTD
- 18.63%
- 6M
- 17.29%
- 1Y
- 23.54%
- 3Y*
- 17.50%
- 5Y*
- 7.95%
- 10Y*
- 14.48%
VCR
- 1D
- 0.20%
- 1M
- 0.16%
- YTD
- -0.09%
- 6M
- -1.17%
- 1Y
- 12.37%
- 3Y*
- 13.30%
- 5Y*
- 6.00%
- 10Y*
- 13.76%
IMCG vs. VCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 18.63% | 6.55% | 18.14% | 20.73% | -25.79% | 15.39% | 45.64% | 35.70% | -3.68% | 25.57% |
VCR Vanguard Consumer Discretionary ETF | -0.09% | 5.77% | 24.27% | 40.38% | -35.15% | 24.86% | 48.36% | 27.45% | -2.31% | 22.82% |
Correlation
The correlation between IMCG and VCR is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004 | 0.83 |
The correlation between IMCG and VCR shifts across timeframes, from 0.70 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IMCG vs. VCR — Risk / Return Rank
IMCG
VCR
IMCG vs. VCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap Growth ETF (IMCG) and Vanguard Consumer Discretionary ETF (VCR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMCG | VCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.72 | +1.44 |
| Martin ratioReturn relative to average drawdown | 8.22 | 2.21 | +6.02 |
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Drawdowns
IMCG vs. VCR - Drawdown Comparison
The maximum IMCG drawdown since its inception was -58.96%, roughly equal to the maximum VCR drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for IMCG and VCR.
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Drawdown Indicators
| IMCG | VCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.96% | -61.54% | +2.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -15.59% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.92% | -27.36% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.08% | -39.20% | +4.12% |
Max Drawdown (10Y)Largest decline over 10 years | -35.08% | -39.20% | +4.12% |
Current DrawdownCurrent decline from peak | -1.66% | -4.64% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -9.21% | -9.39% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 5.05% | -2.39% |
Volatility
IMCG vs. VCR - Volatility Comparison
iShares Morningstar Mid-Cap Growth ETF (IMCG) has a higher volatility of 7.07% compared to Vanguard Consumer Discretionary ETF (VCR) at 6.17%. This indicates that IMCG's price experiences larger fluctuations and is considered to be riskier than VCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMCG | VCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.07% | 6.17% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 13.48% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.49% | 18.62% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 24.03% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 22.43% | -1.85% |
IMCG vs. VCR - Expense Ratio Comparison
IMCG has a 0.06% expense ratio, which is lower than VCR'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
IMCG vs. VCR - Dividend Comparison
IMCG's dividend yield for the trailing twelve months is around 0.66%, less than VCR's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.66% | 0.78% | 0.78% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% |
VCR Vanguard Consumer Discretionary ETF | 0.73% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
IMCG and VCR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMCG has higher volatility (7.07%) compared to VCR (6.17%). In terms of maximum drawdown, IMCG dropped -58.96% vs VCR's -61.54%.
On 10-year performance, IMCG leads with 14.48% vs 13.76% for VCR. On fees, IMCG is cheaper at 0.06% per year. On volatility, VCR has been the lower-risk option at 6.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IMCG has performed better with a 14.48% return vs 13.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCG is cheaper with a 0.06% expense ratio, compared with 0.10% for VCR.
VCR has the higher dividend yield at 0.73%, compared with 0.66% for IMCG.
IMCG is categorized as Mid Cap Growth Equities, while VCR is Consumer Discretionary Equities. IMCG tracks Morningstar US Mid Cap Broad Growth Index, while VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.06% for IMCG and 0.10% for VCR.
IMCG currently has the higher Sharpe Ratio (1.33 vs 0.60), 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.
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