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The Vanguard Morningstar Growth ETF (VUG) offers concentrated exposure to large-cap giants with a rock-bottom 0.03% expense ratio. The iShares Morningstar Small-Cap Growth ETF (ISCG) spreads its bets across more than 900 holdings, though it charges slightly higher fees than VUG.

Launched on June 28, 2004, the iShares Morningstar Small-Cap Growth ETF (ISCG) is a passively managed exchange traded fund designed to provide a broad exposure to the Small Cap Growth segment of the US equity market.

The Vanguard Mega Cap Growth ETF (MGK) focuses on the largest U.S. growth stocks, while the iShares Morningstar Small-Cap Growth ETF (ISCG) targets the small-cap segment of the market. ISCG delivered the higher one-year return, but MGK has produced higher returns over the last five years.

Cetera Investment Advisers raised its holdings in iShares Morningstar Small-Cap Growth ETF (NYSEARCA:ISCG) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 412,639 shares of the company's stock after purchasing an additional 8,629 shares during the quarter. Cetera

VOOG focuses on mega-cap tech leaders while ISCG diversifies across smaller firms.