What is the fundamental difference in the index tracking between IMCG and VOT?

Currently, the specific index tracking details for neither iShares Morningstar Mid-Cap Growth ETF (IMCG) nor Vanguard Mid-Cap Growth ETF (VOT) are available. Investors should note that while both fall under the Mid-Cap Growth category, the absence of disclosed index methodologies means we cannot directly compare their underlying benchmark constraints or selection criteria based on the provided data.

What does the 'index tracked' being 'not available' imply for these ETFs?

The 'index tracked' being 'not available' for both iShares Morningstar Mid-Cap Growth ETF (IMCG) and Vanguard Mid-Cap Growth ETF (VOT) implies a gap in public disclosure regarding their specific benchmarking methodologies. This absence prevents a precise, data-driven comparison of how each fund aims to replicate its intended market segment, requiring investors to rely on general category characteristics rather than specific index rules for evaluation.

Is the difference in expense ratios between these two funds material?

The expense ratio difference is 0.01% (1 basis point), with iShares Morningstar Mid-Cap Growth ETF (IMCG) at 0.06% and Vanguard Mid-Cap Growth ETF (VOT) at 0.05%. While numerically small, fee differences compound over long investment horizons. Investors should weigh this marginal cost difference against other factors, recognising that 1 basis point represents a very low relative variance in total cost of ownership.

How do the inception dates of IMCG and VOT compare?

The iShares Morningstar Mid-Cap Growth ETF (IMCG) was established on 28 June 2004, while the Vanguard Mid-Cap Growth ETF (VOT) launched on 17 August 2006. This indicates that IMCG has a longer operational history by approximately two years and two months. Investors often consider fund longevity as a factor in assessing track record stability, though shorter inception periods do not necessarily indicate inferior quality or performance.

Which fund has a lower expense ratio?

The Vanguard Mid-Cap Growth ETF (VOT) has a slightly lower expense ratio of 0.05% compared to the 0.06% charged by the iShares Morningstar Mid-Cap Growth ETF (IMCG). This represents a one-basis-point advantage in stated costs for VOT. While small, fee differentials are often scrutinised by cost-sensitive investors as they represent a direct, recurring drag on gross returns regardless of market performance.

How do the dividend yields of the two funds compare?

The iShares Morningstar Mid-Cap Growth ETF (IMCG) offers a dividend yield of 0.65%, while the Vanguard Mid-Cap Growth ETF (VOT) yields 0.61%. IMCG provides a marginally higher income distribution relative to its net asset value. Both yields are relatively low, characteristic of growth-oriented funds that typically prioritise capital appreciation over income generation for shareholders.

What are the top three holdings in each fund?

The top three holdings of the iShares Morningstar Mid-Cap Growth ETF (IMCG) are DELL at 1.58%, SNOW at 1.55%, and FTNT at 1.46%. For the Vanguard Mid-Cap Growth ETF (VOT), the leading positions are VRT at 2.23%, HWM at 2.20%, and NET at 2.19%. These weightings highlight distinct portfolio constructions despite both funds operating within the mid-cap growth sector.

Which of the two funds offers greater scale?

The Vanguard Mid-Cap Growth ETF (VOT) has significantly greater scale with net assets of 19.6 billion dollars, compared to 4.0 billion dollars for the iShares Morningstar Mid-Cap Growth ETF (IMCG). The larger asset base typically supports high liquidity and tighter trading spreads. Investors often equate larger size with more robust infrastructure and lower potential for bid-ask widening during market volatility.

Which fund has more net assets?

The Vanguard Mid-Cap Growth ETF (VOT) holds net assets of 19.6 billion dollars, substantially exceeding the 4.0 billion dollars managed by the iShares Morningstar Mid-Cap Growth ETF (IMCG). This larger capital base is generally associated with enhanced liquidity and reduced tracking error. However, investors should evaluate the specific impact of fund size on trading costs and bid-ask spreads in their own context.

Do the two funds hold any common top-ten positions?

Yes, NET, HOOD, and DDOG are common top-ten holdings in both the iShares Morningstar Mid-Cap Growth ETF (IMCG) and the Vanguard Mid-Cap Growth ETF (VOT). This shared exposure suggests partial overlap in their mid-cap growth investment theses. However, the remainder of their portfolios differs significantly, with unique positions like DELL in IMCG and VRT in VOT distinguishing their individual allocations.

How do the top ten holdings differ between the two funds?

Only NET, HOOD, and DDOG appear in the top-ten list of both funds. IMCG features DELL, SNOW, FTNT, FCX, JCI, LITE, and BE in its top ten, whereas VOT includes VRT, HWM, STX, PWR, CEG, DASH, and MSI. This demonstrates a low concentration overlap, with seven distinct leaders in each portfolio's upper tier.

Are sector weightings available for both the iShares Morningstar Mid-Cap Growth ETF (IMCG) and the Vanguard Mid-Cap Growth ETF (VOT)?

Sector weightings are currently not available for either the iShares Morningstar Mid-Cap Growth ETF (IMCG) or the Vanguard Mid-Cap Growth ETF (VOT). This lack of detailed disclosure prevents investors from directly comparing the industry exposure and risk profile embedded in each fund's portfolio construction. Analysis must rely on the limited data provided regarding individual top holdings.

IMCG vs VOT

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares the iShares Morningstar Mid-Cap Growth ETF (IMCG) and the Vanguard Mid-Cap Growth ETF (VOT). We examine their fees, holdings, dividends and how each fund tracks its market. IMCG carries a 0.06% expense ratio, while VOT is 0.05%. Note that index tracked information is not available for either fund. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

IMCG

Metric

VOT

0.06%

Expense Ratio

0.05%

0.65%

Dividend Yield

0.61%

$3.99B

Net Assets

$19.59B

263

Holdings

125

Jun 28, 2004

Inception Date

Aug 17, 2006

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Index Tracked

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Mid-Cap Growth

Fund Category

Mid-Cap Growth

VOT costs about $1.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	IMCG	VOT
NETCloudflare, Inc.	1.43%	2.19%
HOODRobinhood Markets, Inc.	1.29%	1.86%
DDOGDatadog, Inc.	1.05%	1.76%

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Investment Analysis

IMCG

Pros

The fund tracks a Morningstar methodology with a moderate six basis points annual expense ratio.
Net assets of four billion dollars support adequate daily liquidity for mid-sized investor transactions.
Diversification across ten top holdings, each holding just over one percent, lowers single-stock concentration.

Considerations

Index tracking details and sector allocations are not currently available for investor review.
The low dividend yield of zero point six five percent may suit growth-focused investors only.
Smaller asset base compared to peers can lead to wider bid-ask spreads during volatile markets.

VOT

Pros

An expense ratio of five basis points is among the lowest in the mid-cap growth category.
Net assets of nineteen point six billion dollars ensure high liquidity and tight trading spreads.
Diversified across ten holdings, each holding just over one percent, mitigating individual company risks.

Considerations

The index methodology and sector weightings are not disclosed for detailed analysis.
The fund's dividend yield of zero point six one percent is modest for income-seeking investors.
Despite its large size, top ten concentration limits broader exposure compared to more diversified funds.

About IMCG and VOT

IMCG (IMCG)

The iShares Morningstar Mid-Cap Growth ETF (IMCG) offers investors a strategic way to access mid-sized companies in the United States that are focused on growth. With net assets of USD 3.99 billion and holding 263 unique companies, this fund provides broad diversification across the mid-cap growth sector. Investors might find the expense ratio of 0.06% appealing due to its low cost, which can help preserve returns over time. The fund has a dividend yield of 0.65%, reflecting its focus on capital appreciation rather than income generation. Launched in June 2004, IMCG benefits from a long operational history, allowing it to navigate various market cycles. While mid-cap stocks can offer higher growth potential than large-caps, they may also come with increased volatility. This ETF is suitable for investors looking to complement their portfolio with exposure to established companies poised for future expansion, keeping in mind that all values can rise and fall.

VOT (VOT)

The Vanguard Mid-Cap Growth ETF (VOT) offers investors access to a diversified portfolio of US mid-cap companies, specifically those with growth characteristics. This fund is managed passively, aiming to track a mid-cap growth benchmark. With a very low expense ratio of 0.05%, it stands out as a cost-efficient way to include mid-cap growth stocks in a portfolio. The fund holds approximately 125 stocks, providing a balanced exposure to companies that may have higher growth potential than large-cap firms but are typically more established than small-cap ones. Launched in August 2006, it manages substantial net assets of USD 19.59 billion. While it pays a dividend yield of 0.61%, investors should note that the primary objective is capital appreciation through stock growth. As with any equity investment, values can fluctuate, and returns are not guaranteed.

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IMCG vs VOT

Fund Snapshot