TDVG vs. ILCG

Last updated Jul 14, 2026

TDVG (T. Rowe Price Dividend Growth ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds. TDVG is actively managed, while ILCG is passively managed. Over the past 5 years, TDVG returned 10.13%/yr vs 12.23%/yr for ILCG. A 0.75 correlation means they provide meaningful diversification when combined. TDVG charges 0.50%/yr vs 0.04%/yr for ILCG.

Performance

TDVG vs. ILCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Dividend Growth ETF (TDVG) 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 stocks are quite close, with TDVG having a 10.53% return and ILCG slightly lower at 10.18%.

TDVG

• 1D: -0.18%
• 1M: 1.97%
• 6M: 8.14%
• YTD: 10.53%
• 1Y: 17.71%
• 3Y*: 15.30%
• 5Y*: 10.13%
• 10Y*: —

ILCG

• 1D: -1.79%
• 1M: 0.20%
• 6M: 8.25%
• YTD: 10.18%
• 1Y: 18.17%
• 3Y*: 22.41%
• 5Y*: 12.23%
• 10Y*: 17.52%

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

TDVG vs. ILCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TDVG T. Rowe Price Dividend Growth ETF	10.53%	14.80%	13.45%	13.95%	-10.15%	26.20%	12.97%
ILCG iShares Morningstar Growth ETF	10.18%	16.71%	32.82%	40.41%	-31.75%	24.33%	13.50%

Correlation

The correlation between TDVG and ILCG is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 5, 2020	0.75

The correlation between TDVG and ILCG shifts across timeframes, from 0.60 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

TDVG vs. ILCG - Sectors Allocation Comparison

Sectors	TDVG	ILCG
Technology	26.2%	53.1%
Financial Services	19.3%	5.5%
Industrials	13.6%	7.7%
Healthcare	12.4%	5.2%
Consumer Cyclical	7.2%	10.1%
Consumer Defensive	6.9%	1.4%
Energy	5.3%	0.4%
Utilities	3.8%	0.7%
Basic Materials	2.8%	1.0%
Real Estate	1.6%	1.3%
Communication Services	1.0%	13.5%

Return for Risk

TDVG vs. ILCG — Risk / Return Rank

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

TDVG

TDVG Risk / Return Rank: 70
TDVG Sharpe Ratio Rank: 72
TDVG Sortino Ratio Rank: 74
TDVG Omega Ratio Rank: 70
TDVG Calmar Ratio Rank: 62
TDVG Martin Ratio Rank: 70

ILCG

ILCG Risk / Return Rank: 33
ILCG Sharpe Ratio Rank: 34
ILCG Sortino Ratio Rank: 32
ILCG Omega Ratio Rank: 33
ILCG Calmar Ratio Rank: 29
ILCG Martin Ratio Rank: 33

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.

TDVG vs. ILCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Dividend Growth ETF (TDVG) 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.

	TDVG	ILCG	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.01	+0.82
Sortino ratio: Return per unit of downside risk	2.64	1.44	+1.20
Omega ratio: Gain probability vs. loss probability	1.33	1.19	+0.14
Calmar ratio: Return relative to maximum drawdown	2.46	1.17	+1.29
Martin ratio: Return relative to average drawdown	10.12	3.91	+6.21

TDVG vs. ILCG - Sharpe Ratio Comparison

The current TDVG Sharpe Ratio is 1.83, which is higher than the ILCG Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of TDVG 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

TDVG vs. ILCG - Drawdown Comparison

The maximum TDVG drawdown since its inception was -19.20%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for TDVG and ILCG.

Drawdown Indicators

	TDVG	ILCG	Difference
Max Drawdown Largest peak-to-trough decline	-19.20%	-52.98%	+33.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-15.65%	+8.41%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-23.10%	+9.08%
Max Drawdown (5Y) Largest decline over 5 years	-19.20%	-35.38%	+16.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.38%	—
Current Drawdown Current decline from peak	-0.24%	-4.74%	+4.50%
Average Drawdown Average peak-to-trough decline	-3.70%	-8.20%	+4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	4.66%	-2.91%

Volatility

TDVG vs. ILCG - Volatility Comparison

The current volatility for T. Rowe Price Dividend Growth ETF (TDVG) is 2.21%, while iShares Morningstar Growth ETF (ILCG) has a volatility of 7.23%. This indicates that TDVG 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

	TDVG	ILCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	7.23%	-5.02%
Volatility (6M) Calculated over the trailing 6-month period	7.45%	15.08%	-7.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.71%	18.10%	-8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	22.30%	-8.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	21.65%	-7.80%

TDVG vs. ILCG - Expense Ratio Comparison

TDVG has a 0.50% expense ratio, which is higher than ILCG's 0.04% expense ratio.

Dividends

TDVG vs. ILCG - Dividend Comparison

TDVG's dividend yield for the trailing twelve months is around 0.97%, 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%
TDVG T. Rowe Price Dividend Growth ETF	0.97%	1.00%	1.06%	1.31%	1.15%	0.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDVG and ILCG in my portfolio?

TDVG and ILCG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDVG or ILCG?

ILCG has higher volatility (7.23%) compared to TDVG (2.21%). In terms of maximum drawdown, TDVG dropped -19.20% vs ILCG's -52.98%.

Which ETF is better, TDVG or ILCG?

On 5-year performance, ILCG leads with 12.23% vs 10.13% for TDVG. On fees, ILCG is cheaper at 0.04% per year. On volatility, TDVG has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVG or ILCG?

Over the 5-year period, ILCG has performed better with a 12.23% return vs 10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVG or ILCG?

ILCG is cheaper with a 0.04% expense ratio, compared with 0.50% for TDVG.

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

TDVG has the higher dividend yield at 0.97%, compared with 0.42% for ILCG.

What is the main difference between TDVG and ILCG?

They also come from different issuers: T. Rowe Price and iShares. Their fees differ too: 0.50% for TDVG and 0.04% for ILCG.

Which has better risk-adjusted returns?

TDVG currently has the higher Sharpe Ratio (1.83 vs 1.01), 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.