iShares Morningstar U.S. Equity ETF (ILCB) Performance
ILCB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.5% since Dec 31, 2025
- 1 year
- +14.3% total return
- 5 years
- +11.9% a year
- 10 years
- +14.5% a year
- Since first price
- +11.2% a year since 2004
ILCB trailing returns vs SPY, QQQ, AGG
| Period | ILCB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.3% | +3.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.0% | +7.5% | +7.8% | +8.4% | −1.5% |
| YTD | +12.5% | +11.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.3% | +13.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.5%+23.5%/yr | +81.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +75.7%+11.9%/yr | +64.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +288.5%+14.5%/yr | +230.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +690.7%+14.8%/yr | +504.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +724.9%+11.1%/yr | +470.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 2, 2004 | +958.0%+11.2%/yr | +608.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ILCB vs SPY
From Jul 2, 2004: ILCB grew to $105,797, SPY to $101,216.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ILCB returns by calendar year
17 of 21 full years positive. Best 2013 (+34.2%), worst 2008 (−31.3%). 2026 is year to date.
ILCB annual returns table
| Year | ILCB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.5% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.7% | −19.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +25.0% | −8.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +26.9% | −10.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.5% | −25.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.1% | −5.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +19.4% | −35.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.7% | −7.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.5% | −20.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.1% | −1.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +13.7% | −9.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.2% | −12.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +16.8% | −6.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +34.2% | −4.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.3% | −9.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +3.3% | −17.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +12.7% | −15.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +21.1% | −29.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −31.3% | −41.6% | −36.8% | −41.7% | +7.9% |
| 2007 | +8.2% | −8.2% | +5.1% | +19.0% | +6.6% |
| 2006 | +15.3% | −7.5% | +15.8% | +7.1% | +3.9% |
| 2005 | +3.5% | −6.2% | +4.8% | +1.6% | +2.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ILCB largest drawdowns
Now 2.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 10, 2007 | −51.5% | Mar 9, 2009 | Feb 3, 2012 | 1.2 years | 4.2 years |
| Feb 12, 2020 | −35.3% | Mar 23, 2020 | Aug 6, 2020 | 40 days | 6 months |
| Dec 29, 2021 | −25.5% | Oct 12, 2022 | Dec 13, 2023 | 9 months | 2.0 years |
| Oct 3, 2018 | −20.7% | Dec 24, 2018 | May 3, 2019 | 3 months | 7 months |
| Feb 19, 2025 | −19.1% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| May 19, 2015 | −13.3% | Feb 11, 2016 | Apr 19, 2016 | 9 months | 11 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ILCB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2004 |
|---|---|---|---|---|
| Annualized return | +23.0% | +13.2% | +14.5% | +11.3% |
| Volatility (annualized) | 12.8% | 15.9% | 15.6% | 14.6% |
| Sharpe ratio | 1.36 | 0.64 | 0.80 | — |
| Sortino ratio | 2.83 | 1.02 | 1.25 | — |
| Best month | +10.6% | +10.6% | +11.5% | +11.5% |
| Worst month | −5.8% | −9.3% | −12.9% | −15.7% |
| Best 12 months | +38.3% | +38.3% | +55.0% | +55.0% |
| Worst 12 months | +8.0% | −19.5% | −19.5% | −40.8% |
| Positive months | 64% | 58% | 67% | 65% |
| Beta vs S&P 500 | 1.03 | 1.01 | 1.01 | — |
| Correlation with S&P 500 | 1.00 | 1.00 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ILCB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 256 | −40.8% | +13.8% | +55.0% | 84% |
| 3-year (a year) | 232 | −12.5% | +11.6% | +25.3% | 88% |
| 5-year (a year) | 208 | −0.2% | +12.3% | +22.8% | 100% |
| 10-year (a year) | 148 | +7.4% | +12.2% | +16.6% | 100% |
Every holding period starting at a month-end since 2004. Returns for 3 years and longer are annualized.
ILCB performance overview
iShares Morningstar U.S. Equity ETF (ILCB) returned +14.3% over the past year and +14.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2004 it has returned +11.2% a year, turning $10,000 into about $105,797. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.5%, from Dec 10, 2007 to Mar 9, 2009, and it took 2.9 years to get back to the old high. ILCB finished 17 of its 21 full calendar years with a gain; the best year was 2013 (+34.2%) and the worst 2008 (−31.3%). Volatility has been 14.6% a year.
Related: ILCB chart, ILCB holdings, ILCB dividends, ILCB valuation. See the ILCB overview for the latest quote and fund facts.
ILCB performance FAQ
What is the ILCB return over the past year?
ILCB returned +14.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.1%.
What is the average annual return of ILCB?
ILCB has returned +11.9% a year over 5 years, +14.5% a year over 10 years, +11.2% a year since July 2, 2004 (total return, distributions reinvested).
How much would $10,000 invested in ILCB be worth?
$10,000 invested in ILCB at its first recorded close on July 2, 2004 would be worth about $105,797 on October 23, 2026 with distributions reinvested.
What was the worst year for ILCB?
The worst calendar year was 2008, with a total return of −31.3%. The best was 2013 at +34.2%.
What is the biggest drawdown of ILCB?
The largest peak-to-trough decline was −51.5% between December 10, 2007 and March 9, 2009. It recovered to the old high on February 3, 2012, 2.9 years after the bottom.
How volatile is ILCB?
Over the past 3 years ILCB had an annualized volatility of 12.8% and a Sharpe ratio of 1.36 (excess return over 1–3 month T-bills per unit of risk).