CZMSX vs. IJR
Compare and contrast key facts about Multi-Manager Small Cap Equity Strategies Fund (CZMSX) and iShares Core S&P Small-Cap ETF (IJR).
CZMSX is managed by BlackRock. It was launched on Jan 3, 2017. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Performance
CZMSX vs. IJR - Performance Comparison
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CZMSX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZMSX Multi-Manager Small Cap Equity Strategies Fund | 0.46% | 1.55% | 8.55% | 15.65% | -20.05% | 19.40% | 20.47% | 27.16% | -10.77% | 14.84% |
IJR iShares Core S&P Small-Cap ETF | 4.11% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.93% |
Returns By Period
In the year-to-date period, CZMSX achieves a 0.46% return, which is significantly lower than IJR's 4.11% return.
CZMSX
- 1D
- 3.01%
- 1M
- -5.52%
- YTD
- 0.46%
- 6M
- 1.83%
- 1Y
- 13.34%
- 3Y*
- 7.51%
- 5Y*
- 1.44%
- 10Y*
- —
IJR
- 1D
- 0.49%
- 1M
- -4.18%
- YTD
- 4.11%
- 6M
- 5.47%
- 1Y
- 20.83%
- 3Y*
- 10.67%
- 5Y*
- 4.19%
- 10Y*
- 9.88%
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CZMSX vs. IJR - Expense Ratio Comparison
CZMSX has a 0.99% expense ratio, which is higher than IJR's 0.06% expense ratio.
Return for Risk
CZMSX vs. IJR — Risk / Return Rank
CZMSX
IJR
CZMSX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Small Cap Equity Strategies Fund (CZMSX) 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.
| CZMSX | IJR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.92 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.43 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.19 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.42 | -0.48 |
Martin ratioReturn relative to average drawdown | 3.55 | 5.73 | -2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CZMSX | IJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.92 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.20 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.42 | -0.11 |
Correlation
The correlation between CZMSX and IJR is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CZMSX vs. IJR - Dividend Comparison
CZMSX's dividend yield for the trailing twelve months is around 8.81%, more than IJR's 1.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZMSX Multi-Manager Small Cap Equity Strategies Fund | 8.81% | 8.85% | 3.05% | 2.04% | 10.31% | 17.14% | 0.31% | 5.75% | 7.94% | 7.88% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.28% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Drawdowns
CZMSX vs. IJR - Drawdown Comparison
The maximum CZMSX drawdown since its inception was -40.96%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for CZMSX and IJR.
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Drawdown Indicators
| CZMSX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.96% | -58.15% | +17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -14.85% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -28.02% | -9.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.36% | — |
Current DrawdownCurrent decline from peak | -13.22% | -5.26% | -7.96% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -9.34% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.68% | +0.01% |
Volatility
CZMSX vs. IJR - Volatility Comparison
Multi-Manager Small Cap Equity Strategies Fund (CZMSX) has a higher volatility of 6.72% compared to iShares Core S&P Small-Cap ETF (IJR) at 6.25%. This indicates that CZMSX'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
| CZMSX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 6.25% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 12.99% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 22.66% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 21.51% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 22.91% | +1.36% |