FRVLX vs. IJS
FRVLX (Franklin Small Cap Value Fund) and IJS (iShares S&P SmallCap 600 Value ETF) are both Small Cap Value Equities funds. Over the past 10 years, FRVLX returned 10.52%/yr vs 11.09%/yr for IJS. Their correlation of 0.94 suggests significant overlap in exposure. FRVLX charges 1.00%/yr vs 0.25%/yr for IJS.
Performance
FRVLX vs. IJS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FRVLX having a 19.23% return and IJS slightly higher at 19.94%. Over the past 10 years, FRVLX has underperformed IJS with an annualized return of 10.52%, while IJS has yielded a comparatively higher 11.09% annualized return.
FRVLX
- 1D
- 0.59%
- 1M
- 2.08%
- YTD
- 19.23%
- 6M
- 17.00%
- 1Y
- 32.85%
- 3Y*
- 17.48%
- 5Y*
- 7.95%
- 10Y*
- 10.52%
IJS
- 1D
- 1.17%
- 1M
- 3.93%
- YTD
- 19.94%
- 6M
- 17.91%
- 1Y
- 40.31%
- 3Y*
- 15.84%
- 5Y*
- 6.56%
- 10Y*
- 11.09%
FRVLX vs. IJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRVLX Franklin Small Cap Value Fund | 19.23% | 7.36% | 13.16% | 12.81% | -10.25% | 22.51% | 5.45% | 26.08% | -12.92% | 9.91% |
IJS iShares S&P SmallCap 600 Value ETF | 19.94% | 6.54% | 7.33% | 14.68% | -11.34% | 30.53% | 2.63% | 24.11% | -12.86% | 11.35% |
Correlation
The correlation between FRVLX and IJS is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000 | 0.94 |
The correlation between FRVLX and IJS has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
FRVLX vs. IJS — Risk / Return Rank
FRVLX
IJS
FRVLX vs. IJS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Small Cap Value Fund (FRVLX) and iShares S&P SmallCap 600 Value ETF (IJS). 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.
| FRVLX | IJS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 4.36 | -1.66 |
| Martin ratioReturn relative to average drawdown | 9.04 | 14.35 | -5.31 |
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Drawdowns
FRVLX vs. IJS - Drawdown Comparison
The maximum FRVLX drawdown since its inception was -60.27%, roughly equal to the maximum IJS drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for FRVLX and IJS.
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Drawdown Indicators
| FRVLX | IJS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.27% | -60.11% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -9.28% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -25.09% | -28.65% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | -28.65% | +3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -44.10% | -47.68% | +3.58% |
Current DrawdownCurrent decline from peak | -0.43% | 0.00% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -10.29% | -9.87% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.82% | +0.77% |
Volatility
FRVLX vs. IJS - Volatility Comparison
Franklin Small Cap Value Fund (FRVLX) and iShares S&P SmallCap 600 Value ETF (IJS) have volatilities of 4.88% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRVLX | IJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.86% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 11.90% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.56% | 18.34% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 21.94% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 23.59% | -0.77% |
FRVLX vs. IJS - Expense Ratio Comparison
FRVLX has a 1.00% expense ratio, which is higher than IJS's 0.25% expense ratio.
Dividends
FRVLX vs. IJS - Dividend Comparison
FRVLX's dividend yield for the trailing twelve months is around 6.70%, more than IJS's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRVLX Franklin Small Cap Value Fund | 6.70% | 7.99% | 8.45% | 4.54% | 3.21% | 7.55% | 2.20% | 6.31% | 18.48% | 8.06% | 4.76% | 11.04% |
IJS iShares S&P SmallCap 600 Value ETF | 1.33% | 1.62% | 1.78% | 1.42% | 1.46% | 1.52% | 1.00% | 1.66% | 1.75% | 1.41% | 1.22% | 1.59% |
Frequently Asked Questions
With a correlation of 0.92, FRVLX and IJS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FRVLX has higher volatility (4.88%) compared to IJS (4.86%). In terms of maximum drawdown, FRVLX dropped -60.27% vs IJS's -60.11%.
IJS currently has the higher Sharpe Ratio (2.21 vs 1.76), 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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