VV vs. ILCG

Last updated Jun 4, 2026

VV (Vanguard Large-Cap ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds - VV tracks the CRSP US Large Cap Index while ILCG tracks the Morningstar US Large-Mid Cap Broad Growth Index Gross. Both are passively managed. Over the past 10 years, VV returned 15.58%/yr vs 18.15%/yr for ILCG. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.04% expense ratio.

Performance

VV vs. ILCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap ETF (VV) 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, VV achieves a 10.69% return, which is significantly lower than ILCG's 14.48% return. Over the past 10 years, VV has underperformed ILCG with an annualized return of 15.58%, while ILCG has yielded a comparatively higher 18.15% annualized return.

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

ILCG

• 1D: -1.02%
• 1M: 7.68%
• YTD: 14.48%
• 6M: 14.61%
• 1Y: 29.51%
• 3Y*: 26.55%
• 5Y*: 14.95%
• 10Y*: 18.15%

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

VV vs. ILCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%
ILCG iShares Morningstar Growth ETF	14.48%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	33.22%	2.06%	30.57%

Correlation

The correlation between VV and ILCG is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 6, 2004	0.93

The correlation between VV and ILCG has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

VV vs. ILCG - Sectors Allocation Comparison

Sectors	VV	ILCG
Technology	35.9%	49.8%
Financial Services	11.8%	6.0%
Communication Services	11.2%	14.5%
Consumer Cyclical	9.8%	10.6%
Healthcare	8.6%	5.3%
Industrials	8.0%	8.3%
Consumer Defensive	4.8%	1.6%
Energy	3.6%	0.5%
Utilities	2.7%	0.8%
Real Estate	1.7%	1.4%
Basic Materials	1.6%	1.1%

Return for Risk

VV vs. ILCG — Risk / Return Rank

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

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

ILCG

ILCG Risk / Return Rank: 46
ILCG Sharpe Ratio Rank: 52
ILCG Sortino Ratio Rank: 49
ILCG Omega Ratio Rank: 50
ILCG Calmar Ratio Rank: 38
ILCG Martin Ratio Rank: 41

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.

VV vs. ILCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) 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.

	VV	ILCG	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.82	+0.51
Sortino ratio: Return per unit of downside risk	3.18	2.45	+0.74
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	3.03	1.89	+1.14
Martin ratio: Return relative to average drawdown	13.86	6.68	+7.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VV vs. ILCG - Sharpe Ratio Comparison

The current VV Sharpe Ratio is 2.33, which is comparable to the ILCG Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of VV 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.

Sharpe Ratios by Period

	VV	ILCG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.82	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.68	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.85	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.59	+0.01

Drawdowns

VV vs. ILCG - Drawdown Comparison

The maximum VV drawdown since its inception was -54.81%, roughly equal to the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for VV and ILCG.

Drawdown Indicators

	VV	ILCG	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-52.98%	-1.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-15.65%	+6.44%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-23.10%	+4.13%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-35.38%	+9.72%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-35.38%	+1.10%
Current Drawdown Current decline from peak	-0.72%	-1.02%	+0.30%
Average Drawdown Average peak-to-trough decline	-6.84%	-8.22%	+1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	4.43%	-2.42%

Volatility

VV vs. ILCG - Volatility Comparison

The current volatility for Vanguard Large-Cap ETF (VV) is 2.84%, while iShares Morningstar Growth ETF (ILCG) has a volatility of 4.40%. This indicates that VV 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

	VV	ILCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	4.40%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	12.81%	-3.83%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	16.31%	-4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	22.00%	-4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	21.53%	-3.34%

VV vs. ILCG - Expense Ratio Comparison

Both VV 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

VV vs. ILCG - Dividend Comparison

VV's dividend yield for the trailing twelve months is around 0.98%, more than ILCG's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCG iShares Morningstar Growth ETF	0.40%	0.47%	0.50%	0.69%	0.75%	0.34%	0.28%	0.54%	0.81%	0.89%	0.95%	0.99%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VV and ILCG in my portfolio?

With a correlation of 0.94, VV 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, VV or ILCG?

ILCG has higher volatility (4.40%) compared to VV (2.84%). In terms of maximum drawdown, VV dropped -54.81% vs ILCG's -52.98%.

Which ETF is better, VV or ILCG?

On 10-year performance, ILCG leads with 18.15% vs 15.58% for VV. Both ETFs have the same 0.04% expense ratio. On volatility, VV has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VV or ILCG?

Over the 10-year period, ILCG has performed better with a 18.15% return vs 15.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VV or ILCG?

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

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

VV has the higher dividend yield at 0.98%, compared with 0.40% for ILCG.

What is the main difference between VV and ILCG?

VV tracks CRSP US Large Cap Index, while ILCG tracks Morningstar US Large-Mid Cap Broad Growth Index Gross. They also come from different issuers: Vanguard and iShares.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (2.33 vs 1.82), 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.