PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EWUS vs. IJR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWUS vs. IJR

Last updated Aug 2, 2026
Documentation

EWUS (iShares MSCI United Kingdom Small-Cap ETF) and IJR (iShares Core S&P Small-Cap ETF) are both exchange-traded funds - EWUS is a Europe Equities fund tracking the MSCI United Kingdom Small Cap Index, while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, EWUS returned 5.33%/yr vs 10.86%/yr for IJR. Their 0.54 correlation means they have sometimes moved together and sometimes differently. EWUS charges 0.59%/yr vs 0.06%/yr for IJR.

Performance

EWUS vs. IJR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI United Kingdom Small-Cap ETF (EWUS) and iShares Core S&P Small-Cap ETF (IJR). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, EWUS achieves a 6.86% return, which is significantly lower than IJR's 21.59% return. Over the past 10 years, EWUS has underperformed IJR with an annualized return of 5.33%, while IJR has yielded a comparatively higher 10.86% annualized return.

EWUS

1D
-1.04%
1M
3.24%
6M
1.26%
YTD
6.86%
1Y
14.30%
3Y*
13.24%
5Y*
1.58%
10Y*
5.33%
ALL TIME*
6.70%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EWUS

iShares MSCI United Kingdom Small-Cap ETF
$129.53K$175.40K$229.81K

IJR

iShares Core S&P Small-Cap ETF
$499.82M$465.35M$539.29M

EWUS vs. IJR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWUS
iShares MSCI United Kingdom Small-Cap ETF		6.86%25.13%3.55%15.41%-31.19%12.55%-2.58%35.16%-20.16%32.17%
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 EWUS and IJR is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.67

Correlation (3Y)
Balances recent behavior with more history.

0.64

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.65

Correlation (10Y)
Provides a long-term view across more market conditions.

0.58

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2012

0.54

The correlation between EWUS and IJR shifts across timeframes, from 0.54 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.

EWUS vs. IJR - Sectors Allocation Comparison

Sectors
EWUS
IJR

Financial Services

22.8%
17.0%

Industrials

22.0%
15.6%

Consumer Cyclical

16.8%
13.2%

Real Estate

9.9%
7.6%

Communication Services

6.3%
3.2%

Basic Materials

5.4%
4.7%

Utilities

4.1%
1.8%

Consumer Defensive

3.9%
4.2%

Technology

3.5%
15.5%

Healthcare

3.0%
12.4%

Energy

1.7%
4.9%

Financial Services

EWUS
22.8%
IJR
17.0%

Industrials

EWUS
22.0%
IJR
15.6%

Consumer Cyclical

EWUS
16.8%
IJR
13.2%

Real Estate

EWUS
9.9%
IJR
7.6%

Communication Services

EWUS
6.3%
IJR
3.2%

Basic Materials

EWUS
5.4%
IJR
4.7%

Utilities

EWUS
4.1%
IJR
1.8%

Consumer Defensive

EWUS
3.9%
IJR
4.2%

Technology

EWUS
3.5%
IJR
15.5%

Healthcare

EWUS
3.0%
IJR
12.4%

Energy

EWUS
1.7%
IJR
4.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI United Kingdom Small-Cap ETF

iShares Core S&P Small-Cap ETF

Often compared with EWUS:
EWUS vs. EWUEWUS vs. HSCZEWUS vs. SCJEWUS vs. EWZSEWUS vs. SCZEWUS vs. SMINEWUS vs. QQQ
Often compared with IJR:
IJR vs. IWMIJR vs. VBIJR vs. AVUVIJR vs. IJHIJR vs. IJSIJR vs. SCHAIJR vs. VBR

Return for Risk

EWUS vs. IJR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EWUS
EWUS Risk / Return Rank: 3030
Overall Rank
EWUS Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EWUS Sortino Ratio Rank: 3232
Sortino Ratio Rank
EWUS Omega Ratio Rank: 2929
Omega Ratio Rank
EWUS Calmar Ratio Rank: 2828
Calmar Ratio Rank
EWUS Martin Ratio Rank: 3131
Martin Ratio Rank
IJR
IJR Risk / Return Rank: 8686
Overall Rank
IJR Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IJR Sortino Ratio Rank: 8686
Sortino Ratio Rank
IJR Omega Ratio Rank: 8181
Omega Ratio Rank
IJR Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJR Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EWUS vs. IJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI United Kingdom Small-Cap ETF (EWUS) 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.

EWUSIJRDifference
Sharpe ratioReturn per unit of total volatility
0.75
1.95

-1.20

Sortino ratioReturn per unit of downside risk
1.21
2.87

-1.65

Omega ratioGain probability vs. loss probability

1.14

1.34

-0.20

Calmar ratioReturn relative to maximum drawdown

0.90

3.89

-2.99

Martin ratioReturn relative to average drawdown

2.83

13.29

-10.46

EWUS vs. IJR - Sharpe Ratio Comparison

The current EWUS Sharpe Ratio is 0.75, which is lower than the IJR Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of EWUS and IJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EWUS vs. IJR - Drawdown Comparison

The maximum EWUS drawdown since its inception was -49.33%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for EWUS and IJR.

Loading charts...

Drawdown Indicators

EWUSIJRDifference

Max Drawdown

Largest peak-to-trough decline

-49.33%

-58.15%

+8.82%

Max Drawdown (1Y)

Largest decline over 1 year

-15.21%

-8.68%

-6.53%

Max Drawdown (3Y)

Largest decline over 3 years

-19.84%

-28.02%

+8.18%

Max Drawdown (5Y)

Largest decline over 5 years

-48.14%

-28.02%

-20.12%

Max Drawdown (10Y)

Largest decline over 10 years

-49.33%

-44.36%

-4.97%

Current Drawdown

Current decline from peak

-1.04%

-1.92%

+0.88%

Average Drawdown

Average peak-to-trough decline

-12.98%

-9.23%

-3.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.82%

2.54%

+2.28%

Volatility

EWUS vs. IJR - Volatility Comparison

iShares MSCI United Kingdom Small-Cap ETF (EWUS) has a higher volatility of 5.30% compared to iShares Core S&P Small-Cap ETF (IJR) at 3.40%. This indicates that EWUS'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.

Loading charts...

Volatility by Period

EWUSIJRDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.30%

3.40%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

15.41%

11.62%

+3.79%

Volatility (1Y)

Calculated over the trailing 1-year period

18.20%

17.33%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.16%

21.25%

-0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.50%

22.85%

-1.35%

EWUS vs. IJR - Expense Ratio Comparison

EWUS has a 0.59% expense ratio, which is higher than IJR's 0.06% expense ratio.

Dividends

EWUS vs. IJR - Dividend Comparison

EWUS's dividend yield for the trailing twelve months is around 3.08%, more than IJR's 1.13% yield.

PositionTTM20252024202320222021202020192018201720162015
EWUS
iShares MSCI United Kingdom Small-Cap ETF		3.08%3.59%3.67%2.88%2.03%3.54%1.97%2.59%3.53%2.61%3.18%2.85%
IJR
iShares Core S&P Small-Cap ETF		1.13%1.44%2.05%1.31%1.41%1.53%1.11%1.44%1.58%1.20%1.22%1.48%

Frequently Asked Questions

EWUS and IJR have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWUS has higher volatility (5.30%) compared to IJR (3.40%). In terms of maximum drawdown, EWUS dropped -49.33% vs IJR's -58.15%.

On 10-year performance, IJR leads with 10.86% vs 5.33% for EWUS. On fees, IJR is cheaper at 0.06% per year. On volatility, IJR has been the lower-risk option at 3.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IJR has performed better with a 10.86% return vs 5.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJR is cheaper with a 0.06% expense ratio, compared with 0.59% for EWUS.

EWUS has the higher dividend yield at 3.08%, compared with 1.13% for IJR.

EWUS is categorized as Europe Equities, while IJR is Small Cap Blend Equities. EWUS tracks MSCI United Kingdom Small Cap Index, while IJR tracks S&P SmallCap 600 Index. Their fees differ too: 0.59% for EWUS and 0.06% for IJR.

IJR currently has the higher Sharpe Ratio (1.95 vs 0.75), 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.

Portfolio Optimizer

Find the right allocation for EWUS and IJR

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer