IQSU vs. ILCG

Last updated Jun 24, 2026

IQSU (IQ Candriam ESG U.S. Equity ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds - IQSU tracks the IQ Candriam ESG US Equity Index while ILCG tracks the Morningstar US Large-Mid Cap Broad Growth Index Gross. Both are passively managed. Over the past 5 years, IQSU returned 12.19%/yr vs 12.71%/yr for ILCG. Their correlation of 0.90 suggests significant overlap in exposure. IQSU charges 0.09%/yr vs 0.04%/yr for ILCG.

Performance

IQSU vs. ILCG - Performance Comparison

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

Returns By Period

In the year-to-date period, IQSU achieves a 11.76% return, which is significantly higher than ILCG's 9.21% return.

IQSU

• 1D: -1.70%
• 1M: 0.35%
• YTD: 11.76%
• 6M: 10.69%
• 1Y: 26.97%
• 3Y*: 18.48%
• 5Y*: 12.19%
• 10Y*: —

ILCG

• 1D: -2.86%
• 1M: -1.80%
• YTD: 9.21%
• 6M: 7.82%
• 1Y: 22.02%
• 3Y*: 23.80%
• 5Y*: 12.71%
• 10Y*: 18.10%

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

IQSU vs. ILCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IQSU IQ Candriam ESG U.S. Equity ETF	11.76%	14.44%	16.64%	32.96%	-22.10%	30.53%	28.24%	0.98%
ILCG iShares Morningstar Growth ETF	9.21%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	1.49%

Correlation

The correlation between IQSU and ILCG is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 17, 2019	0.90

The correlation between IQSU and ILCG shifts across timeframes, from 0.82 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.

IQSU vs. ILCG - Sectors Allocation Comparison

Sectors	IQSU	ILCG
Technology	39.5%	53.1%
Consumer Cyclical	13.8%	10.1%
Communication Services	13.1%	13.5%
Financial Services	10.8%	5.5%
Industrials	5.9%	7.7%
Healthcare	5.1%	5.2%
Consumer Defensive	3.4%	1.4%
Basic Materials	2.6%	1.0%
Real Estate	2.5%	1.3%
Utilities	2.0%	0.7%
Energy	1.2%	0.4%

Return for Risk

IQSU vs. ILCG — Risk / Return Rank

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

IQSU

IQSU Risk / Return Rank: 58
IQSU Sharpe Ratio Rank: 60
IQSU Sortino Ratio Rank: 58
IQSU Omega Ratio Rank: 59
IQSU Calmar Ratio Rank: 53
IQSU Martin Ratio Rank: 59

ILCG

ILCG Risk / Return Rank: 34
ILCG Sharpe Ratio Rank: 36
ILCG Sortino Ratio Rank: 34
ILCG Omega Ratio Rank: 36
ILCG Calmar Ratio Rank: 30
ILCG Martin Ratio Rank: 34

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.

IQSU vs. ILCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IQ Candriam ESG U.S. Equity ETF (IQSU) and iShares Morningstar Growth ETF (ILCG). 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.

	IQSU	ILCG	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.25	+0.61
Sortino ratio: Return per unit of downside risk	2.55	1.72	+0.82
Omega ratio: Gain probability vs. loss probability	1.34	1.23	+0.11
Calmar ratio: Return relative to maximum drawdown	2.42	1.41	+1.01
Martin ratio: Return relative to average drawdown	9.76	4.86	+4.90

IQSU vs. ILCG - Sharpe Ratio Comparison

The current IQSU Sharpe Ratio is 1.86, which is higher than the ILCG Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of IQSU and ILCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IQSU vs. ILCG - Drawdown Comparison

The maximum IQSU drawdown since its inception was -31.29%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for IQSU and ILCG.

Drawdown Indicators

	IQSU	ILCG	Difference
Max Drawdown Largest peak-to-trough decline	-31.29%	-52.98%	+21.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	-15.65%	+4.47%
Max Drawdown (3Y) Largest decline over 3 years	-20.96%	-23.10%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	-26.76%	-35.38%	+8.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.38%	—
Current Drawdown Current decline from peak	-2.20%	-5.58%	+3.38%
Average Drawdown Average peak-to-trough decline	-5.95%	-8.21%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	4.54%	-1.77%

Volatility

IQSU vs. ILCG - Volatility Comparison

The current volatility for IQ Candriam ESG U.S. Equity ETF (IQSU) is 5.59%, while iShares Morningstar Growth ETF (ILCG) has a volatility of 7.83%. This indicates that IQSU experiences smaller price fluctuations and is considered to be less risky than ILCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQSU	ILCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	7.83%	-2.24%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	14.51%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	17.70%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	22.22%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	21.63%	-0.94%

IQSU vs. ILCG - Expense Ratio Comparison

IQSU has a 0.09% expense ratio, which is higher than ILCG's 0.04% 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

IQSU vs. ILCG - Dividend Comparison

IQSU's dividend yield for the trailing twelve months is around 1.00%, more than ILCG's 0.42% 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%
IQSU IQ Candriam ESG U.S. Equity ETF	1.00%	1.09%	1.12%	1.15%	1.47%	1.07%	0.98%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQSU and ILCG in my portfolio?

IQSU and ILCG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQSU or ILCG?

ILCG has higher volatility (7.83%) compared to IQSU (5.59%). In terms of maximum drawdown, IQSU dropped -31.29% vs ILCG's -52.98%.

Which ETF is better, IQSU or ILCG?

On 5-year performance, ILCG leads with 12.71% vs 12.19% for IQSU. On fees, ILCG is cheaper at 0.04% per year. On volatility, IQSU has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQSU or ILCG?

Over the 5-year period, ILCG has performed better with a 12.71% return vs 12.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQSU or ILCG?

ILCG is cheaper with a 0.04% expense ratio, compared with 0.09% for IQSU.

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

IQSU has the higher dividend yield at 1.00%, compared with 0.42% for ILCG.

What is the main difference between IQSU and ILCG?

IQSU tracks IQ Candriam ESG US Equity Index, while ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross. They also come from different issuers: New York Life and iShares. Their fees differ too: 0.09% for IQSU and 0.04% for ILCG.

Which has better risk-adjusted returns?

IQSU currently has the higher Sharpe Ratio (1.86 vs 1.25), 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.