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 10.18%/yr vs 10.30%/yr for IJS. Their correlation of 0.94 means they have usually moved in the same direction. FRVLX charges 1.00%/yr vs 0.25%/yr for IJS.
Performance
FRVLX vs. IJS - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FRVLX having a 24.04% return and IJS slightly higher at 24.06%. Both investments have delivered pretty close results over the past 10 years, with FRVLX having a 10.18% annualized return and IJS not far ahead at 10.30%.
FRVLX
- 1D
- 1.17%
- 1M
- 2.94%
- 6M
- 12.62%
- YTD
- 24.04%
- 1Y
- 33.67%
- 3Y*
- 16.18%
- 5Y*
- 9.63%
- 10Y*
- 10.18%
- ALL TIME*
- 9.45%
IJS
- 1D
- 1.51%
- 1M
- 3.56%
- 6M
- 15.15%
- YTD
- 24.06%
- 1Y
- 41.49%
- 3Y*
- 14.18%
- 5Y*
- 8.70%
- 10Y*
- 10.30%
- ALL TIME*
- 10.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $30.94M | $29.43M | $50.59M |
FRVLX vs. IJS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRVLX Franklin Small Cap Value Fund | 24.04% | 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 | 24.06% | 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 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.91 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 4.49 | -1.55 |
| Martin ratioReturn relative to average drawdown | 9.99 | 15.40 | -5.41 |
Loading charts...
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.
Loading charts...
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.26% | -9.83% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.70% | +0.83% |
Volatility
FRVLX vs. IJS - Volatility Comparison
The current volatility for Franklin Small Cap Value Fund (FRVLX) is 3.83%, while iShares S&P SmallCap 600 Value ETF (IJS) has a volatility of 4.04%. This indicates that FRVLX experiences smaller price fluctuations and is considered to be less risky than IJS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FRVLX | IJS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 4.04% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 11.28% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 17.70% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 21.71% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 23.55% | -0.75% |
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 6.44%, more than IJS's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRVLX Franklin Small Cap Value Fund | 6.44% | 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 | 1.28% | 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 0.91, 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.
IJS has higher volatility (4.04%) compared to FRVLX (3.83%). In terms of maximum drawdown, FRVLX dropped -60.27% vs IJS's -60.11%.
IJS currently has the higher Sharpe Ratio (2.36 vs 1.96), 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.
Find the right allocation for FRVLX and IJS
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