^XAX vs. IJR
^XAX (NYSE American Composite Index) is an index, while IJR (iShares Core S&P Small-Cap ETF) is Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Over the past 10 years, ^XAX returned 13.39%/yr vs 10.86%/yr for IJR. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
^XAX vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, ^XAX achieves a 23.03% return, which is significantly higher than IJR's 21.59% return. Over the past 10 years, ^XAX has outperformed IJR with an annualized return of 13.39%, while IJR has yielded a comparatively lower 10.86% annualized return.
^XAX
- 1D
- 0.12%
- 1M
- 7.52%
- 6M
- 9.54%
- YTD
- 23.03%
- 1Y
- 41.66%
- 3Y*
- 24.88%
- 5Y*
- 22.86%
- 10Y*
- 13.39%
- ALL TIME*
- 9.37%
IJR
- 1D
- -0.03%
- 1M
- -0.70%
- 6M
- 15.04%
- YTD
- 21.59%
- 1Y
- 35.87%
- 3Y*
- 13.39%
- 5Y*
- 7.39%
- 10Y*
- 10.86%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $499.82M | $465.35M | $539.29M |
^XAX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XAX NYSE American Composite Index | 23.03% | 46.53% | 2.00% | 11.10% | 20.66% | 45.17% | -7.51% | 11.36% | -13.87% | 15.31% |
IJR iShares Core S&P Small-Cap ETF | 21.59% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between ^XAX and IJR is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.61 |
Over the past year, the correlation between ^XAX and IJR has dropped to 0.27 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
^XAX vs. IJR — Risk / Return Rank
^XAX
IJR
^XAX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE American Composite Index (^XAX) and iShares Core S&P Small-Cap ETF (IJR). 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.
| ^XAX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.89 | -1.41 |
| Martin ratioReturn relative to average drawdown | 7.31 | 13.29 | -5.98 |
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Drawdowns
^XAX vs. IJR - Drawdown Comparison
The maximum ^XAX drawdown since its inception was -54.41%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for ^XAX and IJR.
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Drawdown Indicators
| ^XAX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.41% | -58.15% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.79% | -8.68% | -8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -28.02% | +9.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -28.02% | +8.74% |
Max Drawdown (10Y)Largest decline over 10 years | -52.59% | -44.36% | -8.23% |
Current DrawdownCurrent decline from peak | -8.87% | -1.92% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -9.23% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 2.54% | +3.14% |
Volatility
^XAX vs. IJR - Volatility Comparison
NYSE American Composite Index (^XAX) has a higher volatility of 4.72% compared to iShares Core S&P Small-Cap ETF (IJR) at 3.40%. This indicates that ^XAX's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^XAX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 3.40% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.28% | 11.62% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 17.33% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.54% | 21.25% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 22.85% | -1.00% |
Frequently Asked Questions
^XAX and IJR have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^XAX has higher volatility (4.72%) compared to IJR (3.40%). In terms of maximum drawdown, ^XAX dropped -54.41% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (1.95 vs 1.91), 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.
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