IUSG vs. ILCG

Last updated Jun 24, 2026

IUSG (iShares Core S&P U.S. Growth ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds from iShares - IUSG tracks the S&P 900 Growth Index while ILCG tracks the Morningstar US Large-Mid Cap Broad Growth Index Gross. Both are passively managed. Over the past 10 years, IUSG returned 17.77%/yr vs 18.10%/yr for ILCG. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.

Performance

IUSG vs. ILCG - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with IUSG having a 9.19% return and ILCG slightly higher at 9.21%. Both investments have delivered pretty close results over the past 10 years, with IUSG having a 17.77% annualized return and ILCG not far ahead at 18.10%.

IUSG

• 1D: -2.31%
• 1M: -1.86%
• YTD: 9.19%
• 6M: 7.87%
• 1Y: 26.96%
• 3Y*: 25.00%
• 5Y*: 13.77%
• 10Y*: 17.77%

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)

IUSG vs. ILCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSG iShares Core S&P U.S. Growth ETF	9.19%	21.23%	34.70%	29.28%	-28.81%	31.26%	32.65%	30.62%	-0.79%	27.02%
ILCG iShares Morningstar Growth ETF	9.21%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	33.22%	2.06%	30.57%

Correlation

The correlation between IUSG and ILCG is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004	0.96

The correlation between IUSG and ILCG has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

IUSG vs. ILCG - Sectors Allocation Comparison

Sectors	IUSG	ILCG
Technology	50.8%	53.1%
Communication Services	15.2%	13.5%
Financial Services	8.7%	5.5%
Consumer Cyclical	8.4%	10.1%
Industrials	6.6%	7.7%
Healthcare	6.4%	5.2%
Consumer Defensive	1.2%	1.4%
Utilities	1.1%	0.7%
Real Estate	0.8%	1.3%
Basic Materials	0.5%	1.0%
Energy	0.3%	0.4%

Return for Risk

IUSG vs. ILCG — Risk / Return Rank

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

IUSG

IUSG Risk / Return Rank: 47
IUSG Sharpe Ratio Rank: 48
IUSG Sortino Ratio Rank: 45
IUSG Omega Ratio Rank: 45
IUSG Calmar Ratio Rank: 43
IUSG Martin Ratio Rank: 51

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.

IUSG vs. ILCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Growth ETF (IUSG) 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.

	IUSG	ILCG	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.25	+0.35
Sortino ratio: Return per unit of downside risk	2.20	1.72	+0.47
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	2.07	1.41	+0.66
Martin ratio: Return relative to average drawdown	8.45	4.86	+3.59

IUSG vs. ILCG - Sharpe Ratio Comparison

The current IUSG Sharpe Ratio is 1.60, which is comparable to the ILCG Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of IUSG 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

IUSG vs. ILCG - Drawdown Comparison

The maximum IUSG drawdown since its inception was -63.41%, which is greater than ILCG's maximum drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for IUSG and ILCG.

Drawdown Indicators

	IUSG	ILCG	Difference
Max Drawdown Largest peak-to-trough decline	-63.41%	-52.98%	-10.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-15.65%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-22.28%	-23.10%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-32.21%	-35.38%	+3.17%
Max Drawdown (10Y) Largest decline over 10 years	-32.35%	-35.38%	+3.03%
Current Drawdown Current decline from peak	-5.23%	-5.58%	+0.35%
Average Drawdown Average peak-to-trough decline	-21.40%	-8.21%	-13.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	4.54%	-1.34%

Volatility

IUSG vs. ILCG - Volatility Comparison

The current volatility for iShares Core S&P U.S. Growth ETF (IUSG) is 7.16%, while iShares Morningstar Growth ETF (ILCG) has a volatility of 7.83%. This indicates that IUSG 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

	IUSG	ILCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	7.83%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	13.66%	14.51%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.92%	17.70%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.06%	22.22%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.48%	21.63%	-1.15%

IUSG vs. ILCG - Expense Ratio Comparison

Both IUSG and ILCG have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IUSG vs. ILCG - Dividend Comparison

IUSG's dividend yield for the trailing twelve months is around 0.50%, 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%
IUSG iShares Core S&P U.S. Growth ETF	0.50%	0.53%	0.59%	1.12%	1.07%	0.59%	0.93%	1.64%	1.32%	1.28%	1.48%	1.29%

Frequently Asked Questions

Can I hold both IUSG and ILCG in my portfolio?

With a correlation of 0.99, IUSG and ILCG 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, IUSG or ILCG?

ILCG has higher volatility (7.83%) compared to IUSG (7.16%). In terms of maximum drawdown, IUSG dropped -63.41% vs ILCG's -52.98%.

Which ETF is better, IUSG or ILCG?

On 10-year performance, ILCG leads with 18.10% vs 17.77% for IUSG. Both ETFs have the same 0.04% expense ratio. On volatility, IUSG has been the lower-risk option at 7.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IUSG or ILCG?

Over the 10-year period, ILCG has performed better with a 18.10% return vs 17.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IUSG or ILCG?

IUSG and ILCG have the same expense ratio: 0.04% per year.

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

IUSG has the higher dividend yield at 0.50%, compared with 0.42% for ILCG.

What is the main difference between IUSG and ILCG?

IUSG tracks S&P 900 Growth Index, while ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross.

Which has better risk-adjusted returns?

IUSG currently has the higher Sharpe Ratio (1.60 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.